Exhibit 99.4 Schedule 2

Seller Loan ID

Customer Loan ID

Loan Exception ID

Exception ID

Exception Category

Exception Subcategory

Exception Description

Exception Comments

Seller Response

Reviewer Response

Compensating Factors

Exception Status

Exception Approved Pre Origination

Initial Exception Grade

Final Exception Grade

Initial DBRS Exception Grade

Final DBRS Exception Grade

Initial Moody's Exception Grade

Final Moody's Exception Grade

Initial Fitch Exception Grade

Final Fitch Exception Grade

Initial Kroll Exception Grade

Final Kroll Exception Grade

Initial S&P Exception Grade

Final S&P Exception Grade

Material Exception Flag

HUD Category

Subject to Predatory Lending

XX

XX

XX

12009

Credit

Borrower credit report dated greater than 90 days from Note Date

Lender Guidelines require for (i) each borrower (if natural person), (ii) each guarantor and managing member, and (iii) owners of the borrower with an interest of 51% or greater, the originator must obtain a credit history from at least two bureaus within 90 days of loan origination.  The credit report for guarantor XX  is dated 7/XX/2019, which is greater than 90 days prior to the loan origination date of 11/XX/2019.

12/XX/2019 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 643 FICO. Guidelines require 3 months reserves and the borrower has 13.56 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

12211

Credit

Missing Property Management Questionnaire

Missing Property Management Questionnaire.

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 643 FICO. Guidelines require 3 months reserves and the borrower has 13.56 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

Yes

No

XX

XX

XX

12833

Credit

Loan Term does not equal 360 months

Loan Term does not equal 360 months.

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 643 FICO. Guidelines require 3 months reserves and the borrower has 13.56 months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

Yes

No

XX

XX

XX

12866

Credit

Missing Closing Instructions

Missing Closing Instructions

11/XX/2019 - Finding cleared. Instructions provided

Guidelines require a minimum FICO of 575 and the borrower has a 643 FICO. Guidelines require 3 months reserves and the borrower has 13.56 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

Yes

No

XX

XX

XX

10217

Credit

Missing Borrowing Entity of Evidence of Good Standing

Missing Evidence of Good Standing for XX

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

Yes

No

XX

XX

XX

10344

Credit

Appraisal not obtained from an approved vendor - Property 1

Appraisal for property address XX and XX was not obtained from an approved vendor. XX is not listed on Appendix B: Approved Valuation Vendors as per Lender guidelines.

01/XX/2020 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

10572

Credit

Loan-to-Value exceeds guidelines

Lender guidelines requires a maximum LTV of 70.00 % however the current LTV of the subject is 75.00% .

01/XX/2020 - Finding waived by client. XX please clear with XX consent and add commentary that XX is comfortable as the DSCR is close to 1.2 (actual is 1.16) and the loan is crossed by 8 properties

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

10584

Credit

Appraisal not obtained from an approved vendor - Property 2

Appraisal for property address XX and XX was not obtained from an approved vendor. XX is not listed on Appendix B: Approved Valuation Vendors as per Lender guidelines.

01/XX/2020 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

10585

Credit

Appraisal not obtained from an approved vendor - Property 3

Appraisal for property address XX was not obtained from an approved vendor.  XX is not listed on Appendix B: Approved Valuation Vendors as per Lender guidelines.

01/XX/2020 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

10586

Credit

Appraisal not obtained from an approved vendor - Property 4

Appraisal for property address  XX was not obtained from an approved vendor.  XX is not listed on Appendix B: Approved Valuation Vendors as per Lender guidelines.

01/XX/2020 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

12211

Credit

Missing Property Management Questionnaire

Missing Property Management Questionnaire.

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

Yes

No

XX

XX

XX

12751

Credit

Missing Rent Loss Coverage - Property 3

Hazard Insurance Policy does not reflect rent loss coverage for XX.

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

Yes

No

XX

XX

XX

12833

Credit

Loan Term does not equal 360 months

Loan Term does not equal 360 months.

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

Yes

No

XX

XX

XX

12978

Credit

Loan is not escrowed

Subject loan does not contain any monthly escrows as required by guidelines.

01/XX/2020 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 727 FICO. Guidelines require 3 months reserves and the borrower has 9.03 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

10219

Credit

Missing Borrowing Entity Tax ID

Missing Borrowing Entity Tax ID for  XX

12/XX/2019 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Acknowledged

3

2

D

B

D

B

D

B

D

B

D

B

Yes

No

XX

XX

XX

10225

Credit

Missing Home Owners Association Certificate/Questionnaire - Property 1

Homeowners Certificate/Questionnaire not provide for property address XX

12/XX/2019 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Acknowledged

3

2

D

B

D

B

D

B

D

B

D

B

Yes

No

XX

XX

XX

10325

Credit

Missing Required Documentation

Missing Required Documentation

01/XX/2020 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Acknowledged

3

2

D

B

D

B

D

B

D

B

D

B

Yes

No

XX

XX

XX

11143

Credit

Missing Third Party Fraud Tool (Report) - Borrower 1

This file is missing a third party fraud report for XX. Please provide an industry standard fraud tool along with any supporting document based on fraud report findings.  Please provide Fraud Report with OFAC search.  Additional conditions may apply.

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

Yes

No

XX

XX

XX

11332

Credit

Unable to determine residency status - Borrower 1

Unable to determine residency status for XX.

12/XX/2019 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

12007

Credit

Missing signed settlement statement

Settlement Statement is Not Executed by Borrower or certified by title company.

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

Yes

No

XX

XX

XX

12009

Credit

Borrower credit report dated greater than 90 days from Note Date

Lender Guidelines require for (i) each borrower (if natural person), (ii) each guarantor and managing member, and (iii) owners of the borrower with an interest of 51% or greater, the originator must obtain a credit history from at least two bureaus within 90 days of loan origination.  The credit report for guarantor XX  is dated 7/XX/2018, which is greater than 90 days prior to the loan origination date of 11/XX/2018.

12/XX/2019 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

12020

Credit

Appraisal is dated after loan closing - Property 1

The Appraisal provided is dated 10/XX/2019 after the closing date 11/XX/2018.

Appraisal Dated 10/XX/2018 - Finding Rescinded

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Rescinded

3

1

C

A

C

A

C

A

C

A

C

A

Yes

No

XX

XX

XX

12211

Credit

Missing Property Management Questionnaire

Missing Property Management Questionnaire.

12/XX/2019 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Acknowledged

3

2

D

B

D

B

D

B

D

B

D

B

Yes

No

XX

XX

XX

12737

Credit

Pending Valuation Review - Desk Review has been ordered - Property 1

A desk review has been ordered with an ETA of 11/XX/2019 for property address XX

Finding cleared doc provided

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

Yes

No

XX

XX

XX

12975

Credit

Loan Seasoned more than 45 days from Origination Date

Loan seasoned more than 45 days from origination date.

12/XX/2019 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No

XX

XX

XX

12978

Credit

Loan is not escrowed

Subject loan does not contain any monthly escrows as required by guidelines.

01/XX/2020 - Finding waived by client

Guidelines require a minimum FICO of 575 and the borrower has a 681 FICO. Guidelines require 3 months reserves and the borrower has 6.41 months reserves.

Acknowledged

3

2

C

B

C

B

C

B

C

B

C

B

Yes

No