EX-99.9 10 n4256_x1exh99-9.htm CLARIFII RATING AGENCY GRADES DETAIL REPORT

 

Exhibit 99.9

 

Loan ID Seller Loan ID Investor Loan ID Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Current/Final Loan Grade Compliance Initial Loan Grade Compliance Current/Final Loan Grade Property Initial Loan Grade Property Current/Final Loan Grade Queue Finding Code Date Created Date Modified Finding Status Event Level Initial Finding Grade Current/Final Finding Grade Finding Category Finding Sub Category Finding Name Finding Comments Seller Comments Resolution Comments Reviewer Comp Factor Originator Comp Factors Finding Documents Originator QM Status Final Reviewed QM Status Loan Amount Property State Occupancy Loan Purpose Refinance Purpose Acknowledged / WaivedBy Waiver in File? Unique Finding ID
216693     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance Cash Out - Other      
219305     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance Cash Out - Other      
219306     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance Cash Out - Other      
220269     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
231006     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
231253     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance Cash Out - Other      
232375     B B B B A A A A Closed FCRE1194 2023-12-20 15:11 2023-12-22 12:29 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Based on guidelines for foreign nationals the LTV maximum is 70%; if property is a short term rental it must be reduced 5%. Max LTV for this loan is 65%; loan was closed at 70% LTV exceeding max guideline by 5%.
Originator waiver in file shows on lock form, deemed non material. - Due Diligence Vendor-12/20/2023		   Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Based on guidelines for foreign nationals the LTV maximum is 70%; if property is a short term rental it must be reduced 5%. Max LTV for this loan is 65%; loan was closed at 70% LTV exceeding max guideline by 5%.
Originator waiver in file shows on lock form, deemed non material. - Due Diligence Vendor-12/20/2023

 Months Reserves exceed minimum required - Loan requires 3 months minimum reserves. Reserves verified for borrower total 21.16 months; exceeds by 18.16 months.

DSCR % greater than 1.20 - DSCR exceeds 1.20; current ratio is 1.353%		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA Originator Post-Close Yes 1327011
232705     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
233107     D A D A A A A A Closed FPRO1255 2023-12-21 09:37 2024-04-09 11:05 Resolved 1 - Information D A Credit Missing Doc - Credit HOA Questionnaire Document is Missing Resolved-The HOA Questionnaire Document is not missing or Not Applicable. -Subject is part of a 4-unit condo complex and HOA questionnaire is not required; appraiser did not red flag any HOA litigation.  Finding resolved. - Due Diligence Vendor-12/26/2023

Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. No questionnaire present/No HOA bill - Due Diligence Vendor-12/21/2023		   Resolved-The HOA Questionnaire Document is not missing or Not Applicable. -Subject is part of a 4-unit condo complex and HOA questionnaire is not required; appraiser did not red flag any HOA litigation.  Finding resolved. - Due Diligence Vendor-12/26/2023

 Credit history exceeds minimum required - Credit history exceeds minimum requirement

On time mortgage history exceeds guideline requirement - Mtg history VOM reflects 0X30X12

Qualifying FICO score is at least 20 points above minimum for program - 778 score exceeds max of 700		     ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other N/A N/A 1328579
233107     D A D A A A A A Closed FCRE1180 2023-12-21 09:45 2023-12-22 09:15 Resolved 1 - Information D A Credit Missing Doc HO-6 Insurance Policy is Missing Resolved-HO-6 Insurance Policy is fully present; -Master HOI policy includes walls in with betterment and improvements; finding resolved. - Due Diligence Vendor-12/22/2023

Open-HO-6 Insurance Policy is Missing - Due Diligence Vendor-12/21/2023		   Resolved-HO-6 Insurance Policy is fully present; -Master HOI policy includes walls in with betterment and improvements; finding resolved. - Due Diligence Vendor-12/22/2023

 Credit history exceeds minimum required - Credit history exceeds minimum requirement

On time mortgage history exceeds guideline requirement - Mtg history VOM reflects 0X30X12

Qualifying FICO score is at least 20 points above minimum for program - 778 score exceeds max of 700		     ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other N/A N/A 1328613
233485     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX UT Investment Refinance No Cash Out - Borrower Initiated      
233489     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX UT Investment Purchase NA      
234161     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX ME Investment Purchase NA      
234163     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MI Investment Purchase NA      
234776     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
236210     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NV Investment Purchase NA      
237958     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
237964     C A C A A A A A Closed FCRE1492 2024-01-03 11:39 2024-02-08 10:31 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved-Re-reviewed to 11/29/23 guides - per Client request - loan in pipeline prior to changes.  Six month seasoning not required and appraiser comments support value increase. - Due Diligence Vendor-02/08/2024
Counter-Updated Appraisal provided and states the home was Remodeled prior to the effective date of the appraisal. We are missing documented costs of improvements. Original sales price is XXXXX per the Property Detail Report in file.  Finding remains. - Due Diligence Vendor-02/01/2024
Ready for Review-Document Uploaded.  - Seller-01/31/2024
Open-Property was acquired less than 6 months prior to new transaction; not eligible.  Property acquired XXXXX  and Appraiser did not state that improvements were made by the Borrower; documented costs of improvements not provided and required for LTV calculation. - Due Diligence Vendor-01/08/2024		 Ready for Review-Document Uploaded.  - Seller-01/31/2024

 Resolved-Re-reviewed to 11/29/23 guides - per Client request - loan in pipeline prior to changes.  Six month seasoning not required and appraiser comments support value increase. - Due Diligence Vendor-02/08/2024

 Months Reserves exceed minimum required - Verified cash reserves of 8.12 months is more than the minimum required of 3 months   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance Cash Out - Other N/A N/A 1350188
238302     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NJ Investment Purchase NA      
238303     C B C B A A C A Closed FPRO1136 2024-01-04 09:57 2024-03-01 16:56 Resolved 1 - Information C A Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-01/08/2024

Ready for Review-Document Uploaded.  - Seller-01/04/2024

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present -Appraisal is "subject to completion per plans and specifications" (1004D) is not Present - Due Diligence Vendor-01/04/2024		 Ready for Review-Document Uploaded.  - Seller-01/04/2024

 Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-01/08/2024

 Months Reserves exceed minimum required - 5.47 months reserves and 3 required   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1352743
238303     C B C B A A C A Closed FCRE1194 2024-01-04 12:20 2024-01-04 12:47 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Open-Audited LTV of 65% exceeds Guideline LTV of 60% Guides require FTHB/Investors to have a 5% LTV reduction . Foreign National Borrowers must have property ownership  in the US in the last 3 yrs to not be considered a FTHB/Investor - Due Diligence Vendor-01/04/2024     Months Reserves exceed minimum required - 5.47 months reserves and 3 required     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA Originator Post-Close Yes 1353270
239175     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX VA Investment Refinance Cash Out - Other      
239176     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
239405     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance No Cash Out - Borrower Initiated      
239407     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
239409     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
240197     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Refinance Cash Out - Other      
240205     C A C A A A A A Closed FCRE8701 2024-01-09 15:08 2024-04-09 12:36 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-01/16/2024

Ready for Review-Document Uploaded.  - Seller-01/13/2024

Open-The Business Entity Formation Document is Missing Missing operating agreement for business entity. - Due Diligence Vendor-01/10/2024		 Ready for Review-Document Uploaded.  - Seller-01/13/2024

 Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-01/16/2024

 Months Reserves exceed minimum required - Verified cash reserves of 21.71 months is more than the minimum required of 3 months   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1363305
240206     C B C B A A A A Closed FCRE8701 2024-01-10 14:31 2024-04-09 12:36 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-04/09/2024
Resolved--Rec'd Operating Agmt in XXXXX; finding resolved. - Due Diligence Vendor-01/12/2024
Ready for Review-Document Uploaded.  - Seller-01/11/2024
Open-The Business Entity Formation Document is Missing Loan closed in LLC, provide LLC docs. - Due Diligence Vendor-01/10/2024		 Ready for Review-Document Uploaded.  - Seller-01/11/2024

 Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-04/09/2024
 Resolved--Rec'd Operating Agmt in XXXXX; finding resolved. - Due Diligence Vendor-01/12/2024
 Months Reserves exceed minimum required - Months Reserves exceed minimum required. Funds to close came from EMD already paid (and cleared) to builder. Assets listed in Asset screen are all reserves

Additional verified income not used to qualify - 1007 amount is $7,000. 		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1365749
240206     C B C B A A A A Closed FCRE1194 2024-01-18 16:51 2024-01-18 17:09 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived--Reduced Sales price by overage of XXXXX  resulting in DTI > 65%; actual is 66.16%. Originator waiver applied to non-material finding. - Due Diligence Vendor-01/18/2024
Open-Audited LTV of 66.16% exceeds Guideline LTV of 65% - Due Diligence Vendor-01/18/2024		   Waived--Reduced Sales price by overage of XXXXX resulting in DTI > 65%; actual is 66.16%. Originator waiver applied to non-material finding. - Due Diligence Vendor-01/18/2024
 Months Reserves exceed minimum required - Months Reserves exceed minimum required. Funds to close came from EMD already paid (and cleared) to builder. Assets listed in Asset screen are all reserves

Additional verified income not used to qualify - 1007 amount is $7,000. 		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA Originator Post-Close No 1380240
240206     C B C B A A A A Closed FCRE8705 2024-01-10 16:53 2024-01-18 16:52 Resolved 1 - Information C A Credit Eligibility Excessive Seller Contributions Resolved--Reduced Sales price by overage of XXXXX , this finding resolved and new finding added for exceeding max LTV. - Due Diligence Vendor-01/18/2024
Open-Loan closed with 84k in seller contributions which is within 6%, however, closing costs were only XXXXX - exceeding by XXXXX. Reducing the sales price by this amount would result in an LTV of 98% - Due Diligence Vendor-01/10/2024		   Resolved--Reduced Sales price by overage of XXXXX, this finding resolved and new finding added for exceeding max LTV. - Due Diligence Vendor-01/18/2024
 Months Reserves exceed minimum required - Months Reserves exceed minimum required. Funds to close came from EMD already paid (and cleared) to builder. Assets listed in Asset screen are all reserves

Additional verified income not used to qualify - 1007 amount is $7,000. 		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1366133
240206     C B C B A A A A Closed FCRE1440 2024-01-10 17:05 2024-01-12 16:02 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved--Rec'd CD for new purchase of other REO; finding resolved after re-review to 11/29 guides per Client request.  No LTV reduction required for FTI. - Due Diligence Vendor-01/12/2024

Ready for Review-Document Uploaded.  - Seller-01/11/2024

Open-Housing History Does Not Meet Guideline Requirements 1003 lists a property on same road as subject. Guides require all US properties for a Foreign National to show a 0 x 30 mtg history. Provide history for REO or proof that REO wa just obtained and no pmts yet due. If borrower is not a an experienced Investor, LTV will need to be reduced by 5% - Due Diligence Vendor-01/10/2024		 Ready for Review-Document Uploaded.  - Seller-01/11/2024

 Resolved--Rec'd CD for new purchase of other REO; finding resolved after re-review to 11/29 guides per Client request.  No LTV reduction required for FTI. - Due Diligence Vendor-01/12/2024

 Months Reserves exceed minimum required - Months Reserves exceed minimum required. Funds to close came from EMD already paid (and cleared) to builder. Assets listed in Asset screen are all reserves

Additional verified income not used to qualify - 1007 amount is $7,000. 		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1366164
240534     D A A A A A D A Closed FPRO1253 2024-01-10 16:02 2024-01-11 11:31 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-- CU and LCA provided for the correct appraisal. Both support the value. - Due Diligence Vendor-01/11/2024

Ready for Review-Document Uploaded.  - Seller-01/10/2024

Open-CU in file is not based on the correct appraised value for the most recent appraisal used. - Due Diligence Vendor-01/10/2024		 Ready for Review-Document Uploaded.  - Seller-01/10/2024

 Resolved-- CU and LCA provided for the correct appraisal. Both support the value. - Due Diligence Vendor-01/11/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 729 is higher than the required 660

LTV is less than guideline maximum - LTV 47.16% is lower than maximum 65%

Months Reserves exceed minimum required - 34.19 months reserves exceed required 3 by 31.19 months.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA N/A N/A 1365992
240543     C A C A A A A A Closed FCRE1198 2024-01-15 14:32 2024-04-09 12:14 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 4.08 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-01/19/2024

Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 3 month(s) dup - Due Diligence Vendor-01/15/2024		   Resolved-Audited Reserves of 4.08 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-01/19/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1372101
240543     C A C A A A A A Closed FCRE1479 2024-01-15 14:24 2024-01-19 16:55 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved--All funds deposited in US account used for reserves were sourced from account with two months seasoning documented; finding resolved. - Due Diligence Vendor-01/19/2024
Open-Asset Record 1 Does Not Meet G/L Requirements Provide two months bank statements for XXXXX .  Only received 1.5 months.  - Due Diligence Vendor-01/15/2024		   Resolved--All funds deposited in US account used for reserves were sourced from account with two months seasoning documented; finding resolved. - Due Diligence Vendor-01/19/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1372086
240543     C A C A A A A A Closed FCRE9501 2024-01-15 14:24 2024-01-19 16:52 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-01/19/2024
Open-Total Qualified Assets Post-Close amount is XXXXX.  Assets are Insufficient. File is short XXXXX for Cash to close and reserves.  Foreign Assets (down payment, closing costs, reserves) must be transferred to US institutional bank account. - Due Diligence Vendor-01/15/2024		   Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-01/19/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1372089
240853     D B D B A A A A Closed FCRE3653 2024-01-15 15:42 2024-01-19 11:12 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-BP Cert reflects reason for cash-out; finding resolved. - Due Diligence Vendor-01/19/2024

Open-Provide cash out letter explanation for proceeds from Refinance.  - Due Diligence Vendor-01/15/2024		   Resolved-BP Cert reflects reason for cash-out; finding resolved. - Due Diligence Vendor-01/19/2024

 On time mortgage history exceeds guideline requirement - 12 months required; Rcvd 13 months timely payment

Months Reserves exceed minimum required - 3 months; current 8.21 months 		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1372194
240853     D B D B A A A A Closed FCOM1221 2024-01-15 15:36 2024-01-19 11:10 Waived 2 - Non-Material C B Credit Closing The Deed of Trust is Incomplete Waived-POA is ineligible for Cash-out loans; Originator waiver applied to non-material finding. - Due Diligence Vendor-01/19/2024

Open-Power of Attorney (POA) is ineligible for Cash-Out Loans.  Exception will be required. - Due Diligence Vendor-01/15/2024		   Waived-POA is ineligible for Cash-out loans; Originator waiver applied to non-material finding. - Due Diligence Vendor-01/19/2024

 On time mortgage history exceeds guideline requirement - 12 months required; Rcvd 13 months timely payment

Months Reserves exceed minimum required - 3 months; current 8.21 months 		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other Originator Post-Close No 1372184
241183     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
241969     C A C A A A A A Closed FCRE1254 2024-01-16 11:07 2024-01-18 12:15 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Re-reviewed to 11/29/23 guides per Client; 6 months seasoning not required - Due Diligence Vendor-01/18/2024
Open-Property Title Issue Cash out Refinance is ineligible for the Borrower.  Borrower was put on title on XXXXX  and the Note date is XXXXX. A minimum borrower seasoning requirement of six (6) months is required for a transaction to be eligible for cash-out (at least one borrower on the new loan must have been on title to the subject property [does not have to be on the mortgage] for at least six (6) months prior to the note date of the new loan).  - Due Diligence Vendor-01/16/2024		   Resolved-Re-reviewed to 11/29/23 guides per Client; 6 months seasoning not required - Due Diligence Vendor-01/18/2024
 Months Reserves exceed minimum required - 3 months required;27.5 reserves

Qualifying FICO score is at least 20 points above minimum for program - Min Fico 700- current 770		     ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other N/A N/A 1373474
242219     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX KY Investment Purchase NA      
242225     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
242227     C A C A A A A A Closed FCRE1194 2024-01-16 15:54 2024-04-09 12:48 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of 65% is less than or equal to Guideline LTV of 65% - Due Diligence Vendor-04/09/2024

Resolved-Audited LTV of 65% is less than or equal to Guideline LTV of 65% - Due Diligence Vendor-04/09/2024

Resolved-Re-reviewed to 11/29/23 guides per client request; No reduction to LTV required - Max LTV is 65% - Due Diligence Vendor-01/19/2024

Open-Audited LTV of 65% exceeds Guideline LTV of 60% Borrowers are First Time Home Buyer and requires 5% LTV reduction.  Max LTV is 60%. - Due Diligence Vendor-01/16/2024		   Resolved-Audited LTV of 65% is less than or equal to Guideline LTV of 65% - Due Diligence Vendor-04/09/2024

 Resolved-Audited LTV of 65% is less than or equal to Guideline LTV of 65% - Due Diligence Vendor-04/09/2024

 Resolved-Re-reviewed to 11/29/23 guides per client request; No reduction to LTV required - Max LTV is 65% - Due Diligence Vendor-01/19/2024

 Months Reserves exceed minimum required - 3 months required. actual 10.88 months reserves      ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1374302
242227     C A C A A A A A Closed FCRE1491 2024-01-16 15:43 2024-01-22 11:22 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Asset Qualification Meets Guideline Requirements - Operating agreement provided, 100% ownership - Due Diligence Vendor-01/22/2024
Ready for Review-Document Uploaded.  - Seller-01/19/2024
Open-Asset Qualification Does Not Meet Guideline Requirements Provide evidence the Borrower’s are 100% owner of XXXXX . Funds were used to pay Earnest Money. When business funds are used towards down payment, closing costs, and/or reserves, the ownership (i.e. percentage of ownership) of the business must be documented. - Due Diligence Vendor-01/16/2024		 Ready for Review-Document Uploaded.  - Seller-01/19/2024

 Resolved-Asset Qualification Meets Guideline Requirements - Operating agreement provided, 100% ownership - Due Diligence Vendor-01/22/2024

 Months Reserves exceed minimum required - 3 months required. actual 10.88 months reserves    XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1374257
242227     C A C A A A A A Closed FCRE7375 2024-01-16 15:45 2024-01-19 10:48 Resolved 1 - Information C A Credit Borrower Citizenship Does Not Meet Guideline Requirements Resolved--Borrower not in US; signed with POA (B2 signed for B1); I94 not required. - Due Diligence Vendor-01/19/2024

Open-Borrower I-94 is expired.  Provide Valid I-94.  - Due Diligence Vendor-01/16/2024		   Resolved--Borrower not in US; signed with POA (B2 signed for B1); I94 not required. - Due Diligence Vendor-01/19/2024

 Months Reserves exceed minimum required - 3 months required. actual 10.88 months reserves      ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1374273
243205     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
243208     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX VA Investment Purchase NA      
244157     D A D A A A A A Closed FCRE7000 2024-01-23 11:36 2024-01-26 15:23 Resolved 1 - Information D A Credit Missing Doc Required forms/disclosures missing Resolved-Completed affidavit provided. - Due Diligence Vendor-01/26/2024

Ready for Review-Document Uploaded.  - Seller-01/25/2024

Counter--FL Foreign Interest Affidavit received is not complete;  No selection made under Item 3. - Due Diligence Vendor-01/24/2024

Ready for Review-Document Uploaded.  - Seller-01/24/2024

Open-Missing executed foreign interest affidavit - Due Diligence Vendor-01/23/2024		 Ready for Review-Document Uploaded.  - Seller-01/25/2024

 Ready for Review-Document Uploaded.  - Seller-01/24/2024

 Resolved-Completed affidavit provided. - Due Diligence Vendor-01/26/2024

     XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1387365
244157     D A D A A A A A Closed FCRE1194 2024-01-23 11:15 2024-01-24 16:30 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved--Re-reviewed to earlier guides per Client request - Due Diligence Vendor-01/24/2024

Open-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower is a first time investor and 5% LTV reduction is required.  - Due Diligence Vendor-01/23/2024		   Resolved--Re-reviewed to earlier guides per Client request - Due Diligence Vendor-01/24/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1387278
244157     D A D A A A A A Closed FCRE1198 2024-01-23 11:15 2024-01-24 16:30 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved--Re-reviewed to earlier guides per Client request - Due Diligence Vendor-01/24/2024

Open-Audited Reserves of 3.8 month(s) are less than Guideline Required Reserves of 6 month(s) Verified assets are less then required reserves.  - Due Diligence Vendor-01/23/2024		   Resolved--Re-reviewed to earlier guides per Client request - Due Diligence Vendor-01/24/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1387279
244166     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
244398     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX HI Investment Purchase NA      
244403     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance No Cash Out - Borrower Initiated      
244407     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
244759     C A C A A A A A Closed FCRE1194 2024-01-25 13:44 2024-01-26 16:48 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of 70% is less than or equal to Guideline LTV of 70% - Due Diligence Vendor-01/26/2024

Resolved-Audited LTV of 70% is less than or equal to Guideline LTV of 70% - Due Diligence Vendor-01/26/2024

Resolved-**Re-reviewed to 11/29/23 guides per Client email - loan in pipeline prior to changes.  No LTV reduction required - Due Diligence Vendor-01/26/2024

Open-Audited LTV of 70% exceeds Guideline LTV of 65% Foreign national has not owned property in US in past three years. - Due Diligence Vendor-01/25/2024		   Resolved-Audited LTV of 70% is less than or equal to Guideline LTV of 70% - Due Diligence Vendor-01/26/2024

 Resolved-Audited LTV of 70% is less than or equal to Guideline LTV of 70% - Due Diligence Vendor-01/26/2024

 Resolved-**Re-reviewed to 11/29/23 guides per Client email - loan in pipeline prior to changes.  No LTV reduction required - Due Diligence Vendor-01/26/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1392773
244759     C A C A A A A A Closed FCRE1198 2024-01-25 13:44 2024-01-26 16:48 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 5.6 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-01/26/2024

Resolved-Audited Reserves of 5.6 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-01/26/2024

Resolved-**Re-reviewed to 11/29/23 guides per Client email - loan in pipeline prior to changes. Only 3 months reserves required - Due Diligence Vendor-01/26/2024

Open-Audited Reserves of 5.6 month(s) are less than Guideline Required Reserves of 6 month(s) 6 months required due of DSCR < 1. - Due Diligence Vendor-01/25/2024		   Resolved-Audited Reserves of 5.6 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-01/26/2024

 Resolved-Audited Reserves of 5.6 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-01/26/2024

 Resolved-**Re-reviewed to 11/29/23 guides per Client email - loan in pipeline prior to changes. Only 3 months reserves required - Due Diligence Vendor-01/26/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1392774
245160     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
245476     C A A A A A C A Closed FPRO1136 2024-01-29 11:08 2024-01-31 14:15 Resolved 1 - Information C A Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-01/31/2024

Ready for Review-Document Uploaded.  - Seller-01/29/2024

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present Missing 1004D since the property is a new construction.  - Due Diligence Vendor-01/29/2024		 Ready for Review-Document Uploaded.  - Seller-01/29/2024

 Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-01/31/2024

 Months Reserves exceed minimum required - 42.64 months reserves exceed required 3 by 39.64 months.   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1397703
245477     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
245482     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
245483     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
247206     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance No Cash Out - Borrower Initiated      
247208     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Refinance Cash Out - Other      
247209     C A C A A A A A Closed FCRE1194 2024-01-30 09:39 2024-02-01 14:01 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of 72.63% is less than or equal to Guideline LTV of 75% - Used 11/29/2023 guidelines per the Originator. - Due Diligence Vendor-02/01/2024
Ready for Review-Document Uploaded.  Please note application date was on XXXXX  please use guidelines from 11/29/2023.
 updated data tape is also uploaded  - Seller-01/31/2024
Open-Audited LTV of 72.63% exceeds Guideline LTV of 70% LTV of 72.63% exceeds the max allowed of 70% -due to 1003 reflects borrower is renting , Fraud report reflects no owned REO history. Max LTV for DSCR <than 1.00% is 75% (LTV reduction of 5 % for FT Investor). - Due Diligence Vendor-01/30/2024		 Ready for Review-Document Uploaded.  Please note application date was on XXXXX , please use guidelines from 11/29/2023.
 updated data tape is also uploaded  - Seller-01/31/2024
 Resolved-Audited LTV of 72.63% is less than or equal to Guideline LTV of 75% - Used 11/29/2023 guidelines per the Originator. - Due Diligence Vendor-02/01/2024

 Qualifying FICO score is at least 20 points above minimum for program - Score is 708 and minimum allowed is 620.   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX NC Investment Purchase NA N/A N/A 1400530
247209     C A C A A A A A Closed FCRE1198 2024-01-30 12:54 2024-02-01 14:01 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 3.09 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-02/01/2024
Resolved-Audited Reserves of 3.09 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Used 11/29/2023 per the originator. - Due Diligence Vendor-02/01/2024
Ready for Review- Please note application date was on XXXXX , please use guidelines from 11/29/2023.
updated data tape is also uploaded  - Seller-01/31/2024
Open-Audited Reserves of 3.09 month(s) are less than Guideline Required Reserves of 6 month(s) -DSCR reserves are 6 months for DSCR <1.00 - Due Diligence Vendor-01/30/2024		 Ready for Review- Please note application date was on XXXXX, please use guidelines from 11/29/2023.
updated data tape is also uploaded  - Seller-01/31/2024
 Resolved-Audited Reserves of 3.09 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-02/01/2024

 Resolved-Audited Reserves of 3.09 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Used 11/29/2023 per the originator. - Due Diligence Vendor-02/01/2024

 Qualifying FICO score is at least 20 points above minimum for program - Score is 708 and minimum allowed is 620.     ATR/QM: Exempt ATR/QM: Exempt XXXXX NC Investment Purchase NA N/A N/A 1401563
247213     C A C A A A A A Closed FCRE1492 2024-01-30 08:19 2024-02-14 11:04 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved-Cash Out Meets Guideline Requirements - Business Purpose to purchase an investment property provided. - Due Diligence Vendor-02/14/2024

Counter-Business purpose provided.  Reason for cash out is "to buy a new property", however it does not reflect if the new property is going to be used for a purchase of an investment property, unable to verify business purpose. Finding remains. - Due Diligence Vendor-02/14/2024

Ready for Review-Document Uploaded.  - Seller-02/12/2024

Ready for Review-Document Uploaded.  - Seller-02/07/2024

Counter--Rec'd incomplete BP Cert; cash-out purpose is blank.  Finding remains.
Borrower could meet the Delayed Financing guides if an LOX clearly indicating 100% of proceeds to be used for business purpose only; signed BP Cert in file left reason blank. - Due Diligence Vendor-02/01/2024

Ready for Review-Document Uploaded.  - Seller-01/31/2024

Open-Cash Out Does Not Meet Guideline Requirements Guides requires a min of 6 mos. seasoning. Home purchased home 2 months prior to closing - Due Diligence Vendor-01/30/2024		 Ready for Review-Document Uploaded.  - Seller-02/12/2024

 Ready for Review-Document Uploaded.  - Seller-02/07/2024

 Ready for Review-Document Uploaded.  - Seller-01/31/2024

 Resolved-Cash Out Meets Guideline Requirements - Business Purpose to purchase an investment property provided. - Due Diligence Vendor-02/14/2024

 Qualifying FICO score is at least 20 points above minimum for program - Score is 731 and minimum allowed is 660.

LTV is less than guideline maximum - LTV is 41.27% and max allowed is 65%.

Months Reserves exceed minimum required - Borrower has 66.96 months of reserves and only needs 3 months to qualify.		 Business purpose provided.  Reason for cash out is "to buy a new property", however it does not reflect if the new property is going to be used for a purchase of an investment property, unable to verify business purpose. Finding remains. XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1400241
247587     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
247590     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
247596     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance No Cash Out - Borrower Initiated      
248311     D A D A A A A A Closed FCRE1158 2024-02-02 09:11 2024-02-05 11:06 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is not partially provided - Due Diligence Vendor-02/05/2024
Ready for Review-Document Uploaded. Please see attached copy of the updated PCCD. - Seller-02/02/2024
Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing Hazard Policy with correct premium . Policy reflect yrly premium of XXXXX. Final CD reflect a premium of XXXXX paid for the year. Escrows support a payment of XXXXX mthly which is XXXXX yrly. Need corrected Policy with correct premium.  - Due Diligence Vendor-02/02/2024		 Ready for Review-Document Uploaded. Please see attached copy of the updated PCCD. - Seller-02/02/2024

 Resolved-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is not partially provided - Due Diligence Vendor-02/05/2024

 Months Reserves exceed minimum required - Borrower has 19.77  additional reserves

Qualifying FICO score is at least 20 points above minimum for program - Score is 687 and minimum allowed is 660		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX WI Investment Purchase NA N/A N/A 1410400
248599     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX ID Investment Refinance Cash Out - Other      
248716     C A C A A A A A Closed FCRE0008 2024-01-31 19:56 2024-02-02 14:30 Resolved 1 - Information C A Credit Eligibility Prepayment Penalty Discrepancy Resolved-Updated tape reflecting a 3 year PPP provided. - Due Diligence Vendor-02/02/2024

Ready for Review-Document Uploaded.  - Seller-02/01/2024

Open-- Tape reflects no prepay, 36 month prepay addendum in file. - Due Diligence Vendor-02/01/2024		 Ready for Review-Document Uploaded.  - Seller-02/01/2024

 Resolved-Updated tape reflecting a 3 year PPP provided. - Due Diligence Vendor-02/02/2024

 Months Reserves exceed minimum required - 4.12 months reserves exceed required 3 by 1.12 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 689 is higher than the required 640		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA N/A N/A 1406308
248716     C A C A A A A A Closed FCRE1460 2024-01-31 14:05 2024-02-02 14:28 Resolved 1 - Information C A Credit Assets Asset 6 Less Than 2 Months Verified Resolved-Asset 6 Verified Sufficiently Or Not Applicable - Due Diligence Vendor-02/02/2024
Ready for Review-Document Uploaded.  - Seller-02/02/2024
Open-Asset 6 Less Than 2 Months Verified Only 1 month from 12/1/23-12/31/23 of business account and need 2 months of the bank statement from XXXXX  - Due Diligence Vendor-01/31/2024		 Ready for Review-Document Uploaded.  - Seller-02/02/2024

 Resolved-Asset 6 Verified Sufficiently Or Not Applicable - Due Diligence Vendor-02/02/2024

 Months Reserves exceed minimum required - 4.12 months reserves exceed required 3 by 1.12 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 689 is higher than the required 640		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA N/A N/A 1405624
248941     C A A A A A C A Closed FPRO1136 2024-02-06 12:22 2024-02-07 13:02 Resolved 1 - Information C A Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-02/07/2024

Ready for Review-Document Uploaded.  - Seller-02/06/2024

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present Missing 1004D cert for subject property, appraised "Subject to completion". - Due Diligence Vendor-02/06/2024		 Ready for Review-Document Uploaded.  - Seller-02/06/2024

 Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-02/07/2024

 Months Reserves exceed minimum required - Verified assets of 37.59 months reserves exceed the minimum required of 3 months   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1416764
248944     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
248951     D A D A A A A A Closed FCRE1198 2024-02-06 15:43 2024-02-08 10:35 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 3.69 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) -  Per originator used 11/29/2023 guidelines. - Due Diligence Vendor-02/08/2024
Ready for Review-Document Uploaded. Please note Application date was on XXXXX , please use guidelines from 11/29/2023.
Per guidelines audited reserves required is 3 months."" updated data tape is also uploaded "
 - Seller-02/07/2024
Open-Audited Reserves of 3.74 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-02/06/2024		 Ready for Review-Document Uploaded. Please note Application date was on XXXXX , please use guidelines from 11/29/2023.
Per guidelines audited reserves required is 3 months."" updated data tape is also uploaded "
 - Seller-02/07/2024
 Resolved-Audited Reserves of 3.69 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) -  Per originator used 11/29/2023 guidelines. - Due Diligence Vendor-02/08/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO is at least 20 point above minimum for program; 660. Bwr FICO 715.

LTV is less than guideline maximum - LTV is less than guideline maximum of 80%; LTV is 75%.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX TN Investment Purchase NA N/A N/A 1417557
248951     D A D A A A A A Closed FCRE1152 2024-02-06 15:32 2024-02-07 11:59 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Evidence of Property Tax is present - Due Diligence Vendor-02/07/2024
Ready for Review-Document Uploaded.  - Seller-02/06/2024
Open-Missing Evidence of Property Tax Tax bill in file represents a value based on prior owner from XXXXXfor XXXXX  Lender used 110.95.  Provide tax cert or calculation to get to the 110.95 as 2.25% of the new value is much higher. - Due Diligence Vendor-02/06/2024		 Ready for Review-Document Uploaded.  - Seller-02/06/2024

 Resolved-Evidence of Property Tax is present - Due Diligence Vendor-02/07/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO is at least 20 point above minimum for program; 660. Bwr FICO 715.

LTV is less than guideline maximum - LTV is less than guideline maximum of 80%; LTV is 75%.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX TN Investment Purchase NA N/A N/A 1417526
249845     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IL Investment Refinance Cash Out - Other      
249849     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance Cash Out - Other      
249850     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
249856     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX SC Investment Purchase NA      
250222     C B C B A A A A Closed FCRE1440 2024-02-07 13:39 2024-02-27 11:00 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved--Housing history credit supplement in file; finding resolved. - Due Diligence Vendor-02/27/2024
Counter-8 month history for XXXXX provided, however we are missing subject housing history XXXXX .  Finding remains. - Due Diligence Vendor-02/12/2024
Ready for Review-Document Uploaded.  - Seller-02/09/2024
Open-Housing History Does Not Meet Guideline Requirements Provide a 12 mos history showing no more than 1 x 30 for the subject loan - Due Diligence Vendor-02/07/2024		 Ready for Review-Document Uploaded.  - Seller-02/09/2024

 Resolved--Housing history credit supplement in file; finding resolved. - Due Diligence Vendor-02/27/2024

 On time mortgage history exceeds guideline requirement - Mortgage payment history exceeds guideline requirement of 1x30x12.   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1419954
250222     C B C B A A A A Closed FCRE1198 2024-02-06 15:07 2024-02-21 09:34 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-02/21/2024
Counter--Closing funds wire transfer provided is dated after the most recent account balance verification in the file.  If funds are from another account please provide copy of account statements as required by guidelines.  Unable to update verified funds; no updated account balance provided to show funds drawn on account or updated balance.  Finding to remain. - Due Diligence Vendor-02/12/2024
Counter-Receipt of funds to close provided, however we are short the 3 months minimum reserves required. - Due Diligence Vendor-02/12/2024
Ready for Review-Document Uploaded.  - Seller-02/09/2024
Open-Audited Reserves of 2.28 month(s) are less than Guideline Required Reserves of 3 month(s) . Required reserves (above) may be waived when all borrowers have 0x30x12 on mortgage in credit report and payment on new loan is decreasing. Bwrs mortgage is not reporting on credit report; only real estate reporting on credit is a XXXXX  which counts as an installment account. - Due Diligence Vendor-02/06/2024		 Ready for Review-Document Uploaded.  - Seller-02/09/2024

 Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-02/21/2024

 On time mortgage history exceeds guideline requirement - Mortgage payment history exceeds guideline requirement of 1x30x12.   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance No Cash Out - Borrower Initiated Originator Post-Close No 1417428
250223     B A B A A A A A Closed FCRE2244 2024-02-05 17:10 2024-02-27 10:53 Resolved 1 - Information B A Credit Eligibility Property Does Not Meet Guidelines (credit) Resolved--442 Cert provided indicates first floor bathroom fully completed; finding resolved. - Due Diligence Vendor-02/27/2024

Waived-Property Issues are identified for the property There is deferred maintenance on the subject.  The bathroom does not contain a  functional sink and there is no plumbing installed. There is another bathroom in the home, and therefore, would be deemed non material. Originator waiver applied to non material finding. - Due Diligence Vendor-02/05/2024		   Resolved--442 Cert provided indicates first floor bathroom fully completed; finding resolved. - Due Diligence Vendor-02/27/2024

 Waived-Property Issues are identified for the property There is deferred maintenance on the subject.  The bathroom does not contain a  functional sink and there is no plumbing installed. There is another bathroom in the home, and therefore, would be deemed non material. Originator waiver applied to non material finding. - Due Diligence Vendor-02/05/2024

 Months Reserves exceed minimum required - 39.04 months reserves exceed required 3 by 36.04 months.     ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance Cash Out - Other N/A N/A 1414644
250228     C A C A A A A A Closed FCRE1194 2024-02-07 12:24 2024-02-08 12:56 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved--Borrower is not a FTHB and therefore not subject to 5% LTV reduction; finding resolved. - Due Diligence Vendor-02/08/2024

Open-Audited LTV of 80% exceeds Guideline LTV of 75% Borrower is a FT Investor. 5% LTV reduction. - Due Diligence Vendor-02/07/2024		   Resolved--Borrower is not a FTHB and therefore not subject to 5% LTV reduction; finding resolved. - Due Diligence Vendor-02/08/2024

 DSCR % greater than 1.20 - DSCR is greater than 1.20; DSCR for loan is 1.41.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score of 796 is at least 20 points above minimum of 700 for product.		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1419581
250229     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
251393     D A D A A A A A Closed FCRE1157 2024-02-07 15:28 2024-02-09 12:29 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Missing Resolved-Hazard Insurance Policy is fully present - HOI provided. - Due Diligence Vendor-02/09/2024

Ready for Review-Document Uploaded.  - Seller-02/08/2024

Open-Missing Hazard Insurance Policy Missing Hazard Insurance Binder for subject property. - Due Diligence Vendor-02/07/2024		 Ready for Review-Document Uploaded.  - Seller-02/08/2024

 Resolved-Hazard Insurance Policy is fully present - HOI provided. - Due Diligence Vendor-02/09/2024

 Months Reserves exceed minimum required - Verified assets of 32.05 months reserves exceed the minimum required of 3 months

Qualifying FICO score is at least 20 points above minimum for program - FICO of 787 exceeds the minimum FICO of 640 required per guidelines.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1420397
251397     B B B B A A A A Closed FCRE6763 2024-02-08 17:09 2024-03-13 13:48 Waived 2 - Non-Material B B Credit Income/Employment Income documentation does not meet guidelines Waived-Client waiver request with comp factors submitted along with update to guidelines which allow for PTIN prepared P&L. - Due Diligence Vendor-02/08/2024   Waived-Client waiver request with comp factors submitted along with update to guidelines which allow for PTIN prepared P&L. - Due Diligence Vendor-02/08/2024

 Months Reserves exceed minimum required - Verified assets of 30.4 months reserves exceed the minimum required of 6 months

Qualifying DTI below maximum allowed - DTI of 34.34% is less than the maximum allowed per guidelines of 49%

Qualifying FICO score is at least 20 points above minimum for program - FICO of 736 exceeds the minimum FICO of 660 required per guidelines.		 DTI of 34.34% is less than the maximum allowed per guidelines of 49%
FICO of 736 exceeds the minimum FICO of 660 required per guidelines.
Verified assets of 30.4 months reserves exceed the minimum required of 6 months		   ATR/QM: Exempt ATR/QM: Exempt XXXXX NC Investment Purchase NA Originator Post-Close No 1423960
251399     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA      
251400     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA      
252124     D A D A A A A A Closed FCRE1201 2024-02-08 17:32 2024-02-14 10:56 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Third Party Fraud Report is provided - with all high alerts cleared. - Due Diligence Vendor-02/14/2024

Ready for Review-Document Uploaded.  - Seller-02/13/2024

Open-Missing Third Party Fraud Report - Due Diligence Vendor-02/08/2024		 Ready for Review-Document Uploaded.  - Seller-02/13/2024

 Resolved-Third Party Fraud Report is provided - with all high alerts cleared. - Due Diligence Vendor-02/14/2024

 Months Reserves exceed minimum required - Credit report reflects on time mortgage history for the last 45 months

Qualifying FICO score is at least 20 points above minimum for program - FICO of 797 exceeds the minimum FICO of 700 required per guidelines.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other N/A N/A 1424016
252128     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX DE Investment Refinance Cash Out - Other      
252130     C B C B A A A A Closed FCRE1492 2024-02-07 15:46 2024-02-15 09:57 Waived 2 - Non-Material C B Credit Assets Cash Out Does Not Meet Guideline Requirements Waived-Property has new flooring, paint and kitchen updates; waiver requested to use appraised value.  Originator waiver applied to non-material finding. - Due Diligence Vendor-02/15/2024

Counter--The loan was reviewed using the appraised value per 1008 provided.  The guidelines require use of prior purchase price + documented costs of improvements for LTV calculation when ownership seasoning is < 12 months.  If documented costs of improvements supporting increase in value then LTV may be > 70% max for C/O transaction with DSCR < 1.
The appraisal provided did not detail and value any improvements made by the Borrower since acquiring the property.
 - Due Diligence Vendor-02/13/2024

Open-Property was acquired on 6/28/2203. Per guides cash-out seasoning is less than 12 months, but greater than 6 months, the transaction property value is limited to the lower
of the current appraised value or the property’s purchase price plus documented improvements analyzed by the appraiser. - Due Diligence Vendor-02/07/2024		   Waived-Property has new flooring, paint and kitchen updates; waiver requested to use appraised value.  Originator waiver applied to non-material finding. - Due Diligence Vendor-02/15/2024

 Months Reserves exceed minimum required - 81.01 months reserves exceed required 6 by 75.01 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 746 is higher than the required 660.

LTV is less than guideline maximum - LTV 64.50% is lower than maximum 75%		     ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance Cash Out - Other Originator Post-Close No 1420472
252131     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
252350     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CO Investment Refinance Cash Out - Other      
252353     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Refinance Cash Out - Other      
252354     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX KY Investment Purchase NA      
252355     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX VA Investment Purchase NA      
252769     C A C A A A A A Closed FCRE1159 2024-02-12 12:47 2024-02-14 10:58 Resolved 1 - Information C A Credit Insurance Hazard Insurance Effective Date is after the Note Date Resolved-Hazard Insurance Effective Date of XXXXX  is prior to or equal to the Note Date of XXXXX  Or Hazard Insurance Effective Date Is Not Provided - Revised Binder provided. - Due Diligence Vendor-02/14/2024
Ready for Review-Document Uploaded. Kindly waive. Please refer to page 292-294 of the loan package and also uploaded. thank you.  - Seller-02/13/2024
Open-Hazard Insurance Effective Date of XXXXX  is after the Note Date of XXXXX  -HOI effective date is after disbursement date per Final CD in file. - Due Diligence Vendor-02/12/2024		 Ready for Review-Document Uploaded. Kindly waive. Please refer to page 292-294 of the loan package and also uploaded. thank you.  - Seller-02/13/2024

 Resolved-Hazard Insurance Effective Date of XXXXX is prior to or equal to the Note Date of XXXXX Or Hazard Insurance Effective Date Is Not Provided - Revised Binder provided. - Due Diligence Vendor-02/14/2024
 Qualifying FICO score is at least 20 points above minimum for program - FICO of 723 exceeds the minimum FICO of 640 required per guidelines.

LTV is less than guideline maximum - LTV of 65% is below the maximum of 75% allowed per guidelines.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA N/A N/A 1429167
252770     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IL Investment Purchase NA      
253142     C A C A A A A A Closed FCRE1198 2024-02-13 07:30 2024-02-16 10:23 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Re-reviewed to 04/28/23 matrix/guides per Client - Due Diligence Vendor-02/16/2024

Open-Audited Reserves of 5.01 month(s) are less than Guideline Required Reserves of 6 month(s) Verified assets do not cover cash reserves required. - Due Diligence Vendor-02/13/2024		   Resolved-Re-reviewed to 04/28/23 matrix/guides per Client - Due Diligence Vendor-02/16/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1430740
253148     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OR Investment Refinance Cash Out - Other      
253371     C A C A A A A A Closed FPRO1249 2024-02-13 08:24 2024-02-15 09:44 Resolved 1 - Information C A Credit Eligibility Neighborhood Location Not Allowed for Program Resolved--Re-reviewed to 11/29/23 guides per Client request - loan in pipeline; rural properties not ineligible. - Due Diligence Vendor-02/15/2024

Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Rural Properties are ineligible. 4 of 5 comparables are < 5 miles from subject and subject has several large outbuildings.  - Due Diligence Vendor-02/13/2024		   Resolved--Re-reviewed to 11/29/23 guides per Client request - loan in pipeline; rural properties not ineligible. - Due Diligence Vendor-02/15/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 804 is higher than the required 660.

Months Reserves exceed minimum required - 38.29 months reserves exceed required 3 by 35.29 months.		     ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1430831
253372     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MI Investment Purchase NA      
253379     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX TX Primary Residence Purchase NA      
253919     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IL Investment Refinance Cash Out - Other      
253923     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MO Investment Purchase NA      
253925     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NJ Investment Refinance Cash Out - Other      
253926     C A C A A A A A Closed FCRE1492 2024-02-14 08:59 2024-02-23 10:57 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved--Delayed Financing guidelines met; finding resolved. - Due Diligence Vendor-02/23/2024

Counter-I believe we will need an exception waiver with at least two compensating factors for seasoning requirements not met.  - Due Diligence Vendor-02/22/2024

Ready for Review-Hello, Could you please provide us additional information to clear this condition? thank you.
 - Seller-02/21/2024

Counter-HUD-1 for purchase of the subject received, however seasoning requirements have not been met.  Finding Remains. - Due Diligence Vendor-02/16/2024

Ready for Review-Document Uploaded.  - Seller-02/15/2024

Open-Cash Out Does Not Meet Guideline Requirements Guides requires a min of 6 mos. seasoning. Home purchased home 2 mos prior to closing. - Due Diligence Vendor-02/14/2024		 Ready for Review-Hello, Could you please provide us additional information to clear this condition? thank you.
 - Seller-02/21/2024

 Ready for Review-Document Uploaded.  - Seller-02/15/2024

 Resolved--Delayed Financing guidelines met; finding resolved. - Due Diligence Vendor-02/23/2024

 DSCR % greater than 1.20 - DSCR 1.28% greater than 1.20

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 699 is higher than the required 640

LTV is less than guideline maximum - LTV 54.79% is lower than maximum 70%		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1434076
254526     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MO Investment Refinance Cash Out - Other      
254529     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
254530     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
254531     C A C A A A A A Closed FCRE9488 2024-02-19 09:50 2024-02-19 16:03 Resolved 1 - Information C A Credit Borrower Potential Occupancy/Current Address Issues identified in the file Resolved-- Received email stating cash out on subject property was used to purchase primary and closed concurrently with this loan.  - Due Diligence Vendor-02/19/2024

Open-Provide a letter of explanation on the current residence on the occupancy status as to a Investment , per appraisal and 1003 subject is owner occupied primary. - Due Diligence Vendor-02/19/2024		   Resolved-- Received email stating cash out on subject property was used to purchase primary and closed concurrently with this loan.  - Due Diligence Vendor-02/19/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 711 is higher than the required 660.

Qualifying DTI below maximum allowed - DTI 15.39% is lower than allowable 49%		     ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other N/A N/A 1442015
254532     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
254533     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX FL Primary Residence Purchase NA      
254534     B B B B A A A A Closed FCRE7497 2024-02-15 16:00 2024-02-15 17:58 Waived 2 - Non-Material B B Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Waived-Provided evidence if taxes and ins. for property XXXXX are  escrowed. HOA are not needed per statement. hoi Policy not provided. Deemed non material due to DTI of 32% with allowable 49%. Originator waiver applied to non material finding. - Due Diligence Vendor-02/15/2024   Waived-Provided evidence if taxes and ins. for property XXXXX  are  escrowed. HOA are not needed per statement. hoi Policy not provided. Deemed non material due to DTI of 32% with allowable 49%. Originator waiver applied to non material finding. - Due Diligence Vendor-02/15/2024
 Qualifying DTI below maximum allowed - DTI 32.12% is lower than allowable 49%

Months Reserves exceed minimum required - 44.38 months reserves exceed required 6 by 38.38 months.		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other Originator Post-Close No 1438223
254845     C B C B A A A A Closed FCRE1194 2024-02-16 22:46 2024-02-21 10:23 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-02/21/2024

Open-Audited LTV of 75% exceeds Guideline LTV of 70% LTV exceeds the max. allowed per guidelines. This was  due to 5% LTV reduction due to property  being in a declining market. - Due Diligence Vendor-02/17/2024		   Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-02/21/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO of 767 exceeds the minimum FICO of 680 required per guidelines.

DSCR % greater than 1.20 - Calculated DSCR of 2.26

Months Reserves exceed minimum required - Verified assets of 90.77months reserves exceed the minimum required of 3 months		     ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Refinance Cash Out - Other Originator Post-Close No 1441187
254847     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Purchase NA      
254848     D B D B A A A A Closed FCRE1325 2024-02-16 12:07 2024-02-26 11:20 Waived 2 - Non-Material D B Credit Missing Doc Borrower 1 CPA Letter Missing Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-02/26/2024

Open-CPA letter was provided but missing documentation that the Licensed Tax Preparer has either prepared or reviewed the most recent 2 years of business tax
return filing.
 - Due Diligence Vendor-02/16/2024		   Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-02/26/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 711 is higher than the required 660.

Qualifying DTI below maximum allowed - DTI 42.64% is lower than allowable 49%		     Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX CA Primary Residence Purchase NA Originator Post-Close No 1439833
254848     D B D B A A A A Closed FCRE1506 2024-02-16 12:43 2024-02-26 10:36 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - PITIA verification provided. - Due Diligence Vendor-02/26/2024
Ready for Review-Document Uploaded.  - Seller-02/23/2024
Open-Provide mortgage statement for the property XXXXX that is being retained to confirm total PITI payment. - Due Diligence Vendor-02/19/2024
Open- - Due Diligence Vendor-02/19/2024
Rescinded-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. - Due Diligence Vendor-02/16/2024		 Ready for Review-Document Uploaded.  - Seller-02/23/2024

 Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - PITIA verification provided. - Due Diligence Vendor-02/26/2024

 Rescinded-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. - Due Diligence Vendor-02/16/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 711 is higher than the required 660.

Qualifying DTI below maximum allowed - DTI 42.64% is lower than allowable 49%		   XXXXX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX CA Primary Residence Purchase NA N/A N/A 1440034
254848     D B D B A A A A Closed FCRE7497 2024-02-16 13:44 2024-02-26 10:32 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-PITIA for XXXXX provided. - Due Diligence Vendor-02/26/2024
Ready for Review-Document Uploaded.  - Seller-02/23/2024
Open-Missing evidence of PITIA on property XXXXX . (Audit used 1003 PITIA) - Due Diligence Vendor-02/16/2024		 Ready for Review-Document Uploaded.  - Seller-02/23/2024

 Resolved-PITIA for XXXXX provided. - Due Diligence Vendor-02/26/2024
 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 711 is higher than the required 660.

Qualifying DTI below maximum allowed - DTI 42.64% is lower than allowable 49%		   XXXXX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX CA Primary Residence Purchase NA N/A N/A 1440282
254848     D B D B A A A A Closed FCRE1198 2024-02-16 12:48 2024-02-16 13:46 Waived 2 - Non-Material B B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-Audited Reserves of 5.21 month(s) are less than Guideline Required Reserves of 6 month(s) 6 Months reserves are required. Reserves short less than 1 month deemed non material. Originator waiver applied to non material finding - Due Diligence Vendor-02/16/2024   Waived-Audited Reserves of 5.21 month(s) are less than Guideline Required Reserves of 6 month(s) 6 Months reserves are required. Reserves short less than 1 month deemed non material. Originator waiver applied to non material finding - Due Diligence Vendor-02/16/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 711 is higher than the required 660.

Qualifying DTI below maximum allowed - DTI 42.64% is lower than allowable 49%		     Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX CA Primary Residence Purchase NA Originator Post-Close No 1440047
255498     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
255500     B B B B B B A A Closed FCRE0019 2024-02-20 13:48 2024-02-20 13:48 Waived 2 - Non-Material B B Credit Income/Employment PTIN Prepared P&L Waived-PTIN prepared the P&L.  -Originator waiver request with comp factors submitted along with update to guidelines which allow for PTIN prepared P&L - Due Diligence Vendor-02/20/2024   Waived-PTIN prepared the P&L.  -Originator waiver request with comp factors submitted along with update to guidelines which allow for PTIN prepared P&L - Due Diligence Vendor-02/20/2024

 Qualifying DTI below maximum allowed - DTI of 41.45% is less than the maximum allowed per guidelines of 49%

LTV is less than guideline maximum - LTV of 50% is below the maximum of 65% allowed per guidelines.

Months Reserves exceed minimum required - Verified assets of 73.65 months reserves exceed the minimum required of 6 months		     Non-QM: APOR Non-QM: APOR XXXXX FL Primary Residence Purchase NA Originator Post-Close No 1444584
255500     B B B B B B A A Closed FCOM1301 2024-02-19 07:32 2024-02-19 07:32 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. Non Client waiver applied to non material findings.  - Due Diligence Vendor-02/19/2024   Waived-The Home Loan Toolkit disclosure is missing. Non Client waiver applied to non material findings.  - Due Diligence Vendor-02/19/2024

 Qualifying DTI below maximum allowed - DTI of 41.45% is less than the maximum allowed per guidelines of 49%

LTV is less than guideline maximum - LTV of 50% is below the maximum of 65% allowed per guidelines.

Months Reserves exceed minimum required - Verified assets of 73.65 months reserves exceed the minimum required of 6 months		     Non-QM: APOR Non-QM: APOR XXXXX FL Primary Residence Purchase NA Investor Post-Close No 1441682
255501     D A A A A A D A Closed FPRO1253 2024-02-20 17:13 2024-02-26 10:40 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Desk Review supporting the appraised value provided. - Due Diligence Vendor-02/26/2024

Ready for Review-Document Uploaded.  - Seller-02/23/2024

Open--CU score < 2.5 desk review required. - Due Diligence Vendor-02/20/2024		 Ready for Review-Document Uploaded.  - Seller-02/23/2024

 Resolved-Desk Review supporting the appraised value provided. - Due Diligence Vendor-02/26/2024

 Months Reserves exceed minimum required - Verified assets of 85.08 months reserves exceed the minimum required of 3 months   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1445123
255502     B B B B A A A A Closed FCRE0019 2024-02-20 14:27 2024-02-20 16:17 Waived 2 - Non-Material B B Credit Income/Employment PTIN Prepared P&L Waived-PTIN prepared the P&L.  -Originator waiver request with comp factors submitted along with update to guidelines which allow for PTIN prepared P&L - Due Diligence Vendor-02/20/2024   Waived-PTIN prepared the P&L.  -Originator waiver request with comp factors submitted along with update to guidelines which allow for PTIN prepared P&L - Due Diligence Vendor-02/20/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO of 743 exceeds the minimum FICO of 660 required per guidelines.

Qualifying DTI below maximum allowed - DTI of 33.56% is less than the maximum allowed per guidelines of 49%

Months Reserves exceed minimum required - Verified assets of 18.95 months reserves exceed the minimum required of 3 months		     ATR/QM: Exempt ATR/QM: Exempt XXXXX SC Investment Purchase NA Originator Post-Close No 1444697
255800     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IN Investment Refinance Cash Out - Other      
255802     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MA Investment Purchase NA      
255803     C A C A A A A A Closed FCRE1491 2024-02-21 16:03 2024-02-23 11:26 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Asset Qualification Meets Guideline Requirements - Operating agreement provided - 100% owner. - Due Diligence Vendor-02/23/2024

Ready for Review-Document Uploaded. Borrower is a single member a 100% owner. - Seller-02/22/2024

Open-Asset Qualification Does Not Meet Guideline Requirements Asset used is in the name of a LLC - File is missing proof that Borrower Owns LLC/Borrower Has Access to Funds - Due Diligence Vendor-02/21/2024		 Ready for Review-Document Uploaded. Borrower is a single member a 100% owner. - Seller-02/22/2024

 Resolved-Asset Qualification Meets Guideline Requirements - Operating agreement provided - 100% owner. - Due Diligence Vendor-02/23/2024

 Months Reserves exceed minimum required - Reserves = 10 Months – Min Reserves = 3 Months

Qualifying FICO score is at least 20 points above minimum for program - FICO = 755 – Min FICO = 700		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX MI Investment Purchase NA N/A N/A 1447110
255804     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA      
255805     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
255806     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Refinance Cash Out - Other      
255807     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
255808     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
255809     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NV Investment Refinance Cash Out - Other      
255810     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
256191     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX FL Primary Residence Refinance No Cash Out - Borrower Initiated      
256192     C A C A A A A A Closed FCRE1492 2024-02-22 12:08 2024-02-23 18:22 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved--Property acquired XXXXX  and loan closed XXXXX ; 6 month seasoning requirement met. - Due Diligence Vendor-02/23/2024
Open-Transaction does not meet C/O seasoning guidelines as property was acquired less than 6 months from note date. - Due Diligence Vendor-02/22/2024		   Resolved--Property acquired XXXXX and loan closed XXXXX; 6 month seasoning requirement met. - Due Diligence Vendor-02/23/2024
 Qualifying FICO score is at least 20 points above minimum for program - FICO of 740 exceeds the minimum FICO of 660 required per guidelines

LTV is less than guideline maximum - LTV of 61.33% is below the maximum of 75% allowed per guidelines.		     ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance Cash Out - Other N/A N/A 1448596
256195     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
256564     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Purchase NA      
256565     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NC Investment Purchase NA      
256566     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
256567     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
256568     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX HI Investment Purchase NA      
256830     C A C A A A A A Closed FCRE4989 2024-02-26 09:57 2024-03-01 12:00 Resolved 1 - Information C A Credit Closing Collections, liens or judgments not paid at closing Resolved-Credit supplement provided removing the Collection and Charge offs provided. Not our borrower. - Due Diligence Vendor-03/01/2024

Ready for Review-Document Uploaded.  - Seller-02/28/2024

Open-1 Collection and 2 charge off accounts reported on credit report not paid at closing. - Due Diligence Vendor-02/26/2024		 Ready for Review-Document Uploaded.  - Seller-02/28/2024

 Resolved-Credit supplement provided removing the Collection and Charge offs provided. Not our borrower. - Due Diligence Vendor-03/01/2024

 Months Reserves exceed minimum required - Verified assets of 13.98 months reserves exceed the minimum required of 3 months

DSCR % greater than 1.20 - Calculated DSCR of 1.25

LTV is less than guideline maximum - LTV of 43.23% is below the maximum of 80% allowed per guidelines.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX CO Investment Refinance Cash Out - Other N/A N/A 1453210
256832     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
256833     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
256834     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
259162     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance No Cash Out - Borrower Initiated      
259164     D A D A A A A A Closed FCRE1161 2024-02-27 15:23 2024-02-29 10:43 Resolved 1 - Information D A Credit Missing Doc Flood Certificate Missing Resolved-Flood Certificate is fully present - Due Diligence Vendor-02/29/2024

Ready for Review-Document Uploaded.  - Seller-02/27/2024

Open-Missing Flood Certificate -Missing required Flood Cert. - Due Diligence Vendor-02/27/2024		 Ready for Review-Document Uploaded.  - Seller-02/27/2024

 Resolved-Flood Certificate is fully present - Due Diligence Vendor-02/29/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 770 is higher than the required 640

LTV is less than guideline maximum - -65% LTV < 70% max

Months Reserves exceed minimum required - 10.01 months reserves exceed required 6 by 4.01 months.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Purchase NA N/A N/A 1456884
259165     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX LA Investment Purchase NA      
259166     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
259167     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
259168     D A D A A A A A Closed FCRE6763 2024-02-27 15:48 2024-03-05 12:21 Resolved 1 - Information C A Credit Income/Employment Income documentation does not meet guidelines Resolved-English internet directory provided. - Due Diligence Vendor-03/05/2024

Ready for Review-Document Uploaded.  - Seller-03/01/2024

Counter--Rec'd Spanish language documents; please provide translated document for review. - Due Diligence Vendor-02/29/2024

Ready for Review-Document Uploaded.  - Seller-02/28/2024

Open-Letter from Tax preparer is missing the preparer's license number. - Due Diligence Vendor-02/27/2024		 Ready for Review-Document Uploaded.  - Seller-03/01/2024

 Ready for Review-Document Uploaded.  - Seller-02/28/2024

 Resolved-English internet directory provided. - Due Diligence Vendor-03/05/2024

 Qualifying DTI below maximum allowed - DTI of 36.65% is less than the maximum allowed per guidelines of 49%

Months Reserves exceed minimum required - Verified assets of 23.29 months reserves exceed the minimum required of 6 months		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1456978
259168     D A D A A A A A Closed FCRE6019 2024-02-27 15:37 2024-02-29 10:42 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved--XXXXX is on VWP list; required documentation already provided. - Due Diligence Vendor-02/29/2024
Open-Borrower Citizenship Documentation Is Missing Missing copy of borrower's VISA as required for Foreign National. - Due Diligence Vendor-02/27/2024		   Resolved--XXXXX is on VWP list; required documentation already provided. - Due Diligence Vendor-02/29/2024
 Qualifying DTI below maximum allowed - DTI of 36.65% is less than the maximum allowed per guidelines of 49%

Months Reserves exceed minimum required - Verified assets of 23.29 months reserves exceed the minimum required of 6 months		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1456934
259169     C B A A A A C B Closed FVAL1039 2024-02-27 09:35 2024-03-18 11:50 Waived 2 - Non-Material C B Property Value Appraised value unsupported Waived--Desk review does not support within 10% of appraised value, however, does support within 10% of purchase price - allowed per updated guides - Originator waiver applied - Due Diligence Vendor-03/18/2024

Open-Secondary valuation provided has a variance of greater than -10% compared to the original appraised value -Desk review variance is > 10%; a field review is required.   - Due Diligence Vendor-02/27/2024		   Waived--Desk review does not support within 10% of appraised value, however, does support within 10% of purchase price - allowed per updated guides - Originator waiver applied - Due Diligence Vendor-03/18/2024

 Months Reserves exceed minimum required - Verified assets of 128.85 months reserves exceed the minimum required of 3 months

Qualifying FICO score is at least 20 points above minimum for program - FICO of 729 exceeds the minimum FICO of 660 required per guidelines.

LTV is less than guideline maximum - LTV of 75% is below the maximum of 80% allowed per guidelines.		     ATR/QM: Exempt ATR/QM: Exempt XXXXX NJ Investment Purchase NA Originator Post-Close No 1455793
259171     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
259172     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
259173     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CO Investment Refinance Cash Out - Other      
259174     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NV Investment Purchase NA      
259175     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
261352     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
261354     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
261355     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CO Investment Refinance Cash Out - Other      
261357     B B B B A A A A Closed FCRE1200 2024-02-28 14:31 2024-02-28 16:11 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of XXXXX  is less than the Guideline Minimum Loan Amount of XXXXX. The Lock confirmation shows the adjustment. Originator waiver applied to non material finding - Due Diligence Vendor-02/28/2024   Waived-Audited Loan Amount of XXXXX is less than the Guideline Minimum Loan Amount of XXXXX The Lock confirmation shows the adjustment. Originator waiver applied to non material finding - Due Diligence Vendor-02/28/2024
 Months Reserves exceed minimum required - 93.01 months reserves exceed required 3 by 90.013 months.

DSCR % greater than 1.20 - DSCR 1.43% greater than 1.20		     ATR/QM: Exempt ATR/QM: Exempt XXXXX TN Investment Refinance Cash Out - Other Originator Post-Close No 1459438
261358     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
261359     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
261360     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA      
261952     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
261953     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
261955     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
261956     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
262632     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NJ Investment Refinance No Cash Out - Borrower Initiated      
262633     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NJ Investment Refinance Cash Out - Other      
262634     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
262635     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
262636     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
262637     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
262638     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
262639     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
262640     C A C A A A A A Closed FCRE1491 2024-03-01 14:30 2024-03-04 09:12 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-03/04/2024

Resolved-EMD does come from a foreign account, however, per guidelines only Down Payment, Closing costs, and reserves must be transferred to a US institutional bank account, so we are okay. - Due Diligence Vendor-03/04/2024

Open-Asset Qualification Does Not Meet Guideline Requirements EMD was transferred directly from a foreign account.  Guidelines require foreign asset down payment funds to be transferred to a US bank account prior to usage. - Due Diligence Vendor-03/01/2024		   Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-03/04/2024

 Resolved-EMD does come from a foreign account, however, per guidelines only Down Payment, Closing costs, and reserves must be transferred to a US institutional bank account, so we are okay. - Due Diligence Vendor-03/04/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1466052
262641     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
262642     C A C A A A A A Closed FCRE1440 2024-03-01 15:07 2024-03-05 11:55 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved--Balloon Mortgage with no payments due; finding resolved. - Due Diligence Vendor-03/05/2024

Open-Housing History Does Not Meet Guideline Requirements Missing 12 month payment history for subject property, 1st and 2nd mortgages are not reporting on the credit report. - Due Diligence Vendor-03/01/2024		   Resolved--Balloon Mortgage with no payments due; finding resolved. - Due Diligence Vendor-03/05/2024

 Months Reserves exceed minimum required - Borrower has 11.48 in reserves and only needs 3 months to qualify.     ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1466254
263149     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
263150     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance No Cash Out - Borrower Initiated      
263152     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
263153     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
263154     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
263155     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
263156     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX AZ Investment Purchase NA      
263157     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
264755     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance Cash Out - Other      
264756     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
264758     D A D A A A A A Closed FCRE1152 2024-03-05 14:32 2024-03-08 10:19 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved--Current tax calc provided. - Due Diligence Vendor-03/08/2024

Open-Missing Evidence of Property Tax Provide the final Tax Bill. The tax bill provided no payment is being reported. - Due Diligence Vendor-03/05/2024		   Resolved--Current tax calc provided. - Due Diligence Vendor-03/08/2024

 LTV is less than guideline maximum - LTV 65% is lower than maximum 75%

Months Reserves exceed minimum required - 5.84 months reserves exceed required 3 by 2.84 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 706 is higher than the required 640		     ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Purchase NA N/A N/A 1472853
264759     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MN Investment Purchase NA      
264760     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IL Investment Purchase NA      
264761     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
264762     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
264763     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MO Investment Purchase NA      
264764     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Refinance Cash Out - Other      
264765     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance Cash Out - Other      
264766     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IN Investment Purchase NA      
264767     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
265799     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance No Cash Out - Borrower Initiated      
265801     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX SC Investment Purchase NA      
265802     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NC Investment Purchase NA      
265803     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
265804     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MO Investment Refinance Cash Out - Other      
265805     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MI Investment Purchase NA      
266299     C A C A A A A A Closed FCRE1492 2024-03-07 09:01 2024-03-12 11:53 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved--Re-reviewed to 11/29/23 matrix - loan in pipeline - Due Diligence Vendor-03/12/2024
Ready for Review-Note that per XXXXX  announcement on and after November 29, 2023 , will update certain guidelines on portfolio programs, application date was XXXXX
-Please refer to previous guideline as it states that 6 months title seasoning is not required. - Seller-03/11/2024
Counter--Borrower/LLC did not acquire property until XXXXX  < 6 months prior to closing (XXXXX ).  C/O seasoning requirements not met. - Due Diligence Vendor-03/11/2024
Ready for Review-Document Uploaded. Borrower has a 100% interest, please refer to the attached documents.  - Seller-03/08/2024
Open-Cash Out Does Not Meet Guideline Requirements Property was acquired on XXXXX , loan closed XXXXX , which does not meet the cash out required of 6 months - Due Diligence Vendor-03/07/2024		 Ready for Review-Note that per XXXXX announcement on and after November 29, 2023 , will update certain guidelines on portfolio programs, application date was XXXXX
-Please refer to previous guideline as it states that 6 months title seasoning is not required. - Seller-03/11/2024
 Ready for Review-Document Uploaded. Borrower has a 100% interest, please refer to the attached documents.  - Seller-03/08/2024
 Resolved--Re-reviewed to 11/29/23 matrix - loan in pipeline - Due Diligence Vendor-03/12/2024

 DSCR % greater than 1.20 - DSCR 1.31% greater than 1.20

LTV is less than guideline maximum - LTV 45.658% is lower than maximum 75%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 774 is higher than the required 640

Months Reserves exceed minimum required - 85.50 months reserves exceed required 3 by 82.50 months.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance Cash Out - Other N/A N/A 1478359
266300     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
266301     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MA Investment Purchase NA      
266302     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Purchase NA      
266303     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
266305     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
266306     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
266307     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
266308     D A D A A A A A Closed FCRE1161 2024-03-08 08:26 2024-03-12 11:39 Resolved 1 - Information D A Credit Missing Doc Flood Certificate Missing Resolved--Rec'd Flood Cert - Due Diligence Vendor-03/12/2024

Ready for Review-Document Uploaded.  - Seller-03/08/2024

Open-Missing Flood Certificate Provide the final Flood Cert.  - Due Diligence Vendor-03/08/2024		 Ready for Review-Document Uploaded.  - Seller-03/08/2024

 Resolved--Rec'd Flood Cert - Due Diligence Vendor-03/12/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 780 is higher than the required 640

Months Reserves exceed minimum required - 7.15 months and 3 required

LTV is less than guideline maximum - LTV 70% is lower than maximum 80%		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1481803
266309     D A D A A A A A Closed FCRE6019 2024-03-07 15:30 2024-03-11 22:43 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-File contains passport. Borrower's spouse signed as attorney in fact for Borrower 1 who was is in U.S. to sign. Visa not required. - Due Diligence Vendor-03/12/2024

Open--The guidelines require a copy of their passport, VISA, and I-94; the I-94 would not be required because they were not in the county.  The VISA is still required.  Borrower is not from a VWP country. - Due Diligence Vendor-03/08/2024

Open-Borrower Citizenship Documentation Is Missing Borrower is a Foreign Nationals, missing copy, passport, VISA and 1-94 Form - Due Diligence Vendor-03/07/2024		   Resolved-File contains passport. Borrower's spouse signed as attorney in fact for Borrower 1 who was is in U.S. to sign. Visa not required. - Due Diligence Vendor-03/12/2024

       ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1480211
266310     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
266760     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA      
266761     A A A A A A A A             A A                   QM: Safe Harbor (SH) QM: Safe Harbor (SH) XXXXX CA Primary Residence Refinance No Cash Out - Borrower Initiated      
266762     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Refinance Cash Out - Other      
266763     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
267142     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CT Investment Purchase NA      
267143     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Purchase NA      
267144     C A C A A A A A Closed FCRE1510 2024-03-12 09:44 2024-03-13 11:53 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Legal provided - Due Diligence Vendor-03/13/2024

Ready for Review-Document Uploaded.  - Seller-03/12/2024

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Provide Legal Description to the deed of trust - Due Diligence Vendor-03/12/2024		 Ready for Review-Document Uploaded.  - Seller-03/12/2024

 Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Legal provided - Due Diligence Vendor-03/13/2024

 Months Reserves exceed minimum required - 3.1 months reserves exceed required 3 by .10 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 785 is higher than the required 700		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1488272
267145     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Refinance Cash Out - Other      
267146     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA      
267147     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Purchase NA      
267148     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Refinance Cash Out - Other      
267149     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MI Investment Purchase NA      
267150     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX DE Investment Purchase NA      
267151     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MD Investment Refinance Cash Out - Other      
267152     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance Cash Out - Other      
267559     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
267560     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
267561     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MO Investment Refinance Cash Out - Other      
267562     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
267563     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TN Investment Purchase NA      
267564     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
267565     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
267566     D A D A A A A A Closed FCRE6666 2024-03-12 11:32 2024-03-15 12:03 Resolved 1 - Information D A Credit Missing Doc Secondary Valuation product is dated prior to the Appraisal date Resolved-All Additional valuation products were completed on or after the Primary Valuation product date, or Not Applicable. - CU and LCA supporting the appraised value provided. - Due Diligence Vendor-03/15/2024

Ready for Review-Document Uploaded.  - Seller-03/13/2024

Open-Missing CU with score <= 2.5 or desk review.  - Due Diligence Vendor-03/12/2024		 Ready for Review-Document Uploaded.  - Seller-03/13/2024

 Resolved-All Additional valuation products were completed on or after the Primary Valuation product date, or Not Applicable. - CU and LCA supporting the appraised value provided. - Due Diligence Vendor-03/15/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 707 is higher than the required 620

DSCR % greater than 1.20 - DSCR 1.73% greater than 1.20

Months Reserves exceed minimum required - 19.03 months reserves exceed required 3 by 16.03 months.

LTV is less than guideline maximum - LTV 33.338% is lower than maximum 80%		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX VA Investment Purchase NA N/A N/A 1488690
267932     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
267933     C A A A A A C A Closed FPRO1136 2024-03-13 14:48 2024-03-15 12:00 Resolved 1 - Information C A Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Completion Cert provided. - Due Diligence Vendor-03/15/2024

Ready for Review-Document Uploaded.  - Seller-03/14/2024

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present Provide the final 1004D cert.  - Due Diligence Vendor-03/13/2024		 Ready for Review-Document Uploaded.  - Seller-03/14/2024

 Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Completion Cert provided. - Due Diligence Vendor-03/15/2024

 DSCR % greater than 1.20 - DSCR 1.35% greater than 1.20

LTV is less than guideline maximum - LTV 50% is lower than maximum 70%

Months Reserves exceed minimum required - 4.01 months reserves exceed required 3 by 1.01 months.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1493040
267934     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance No Cash Out - Borrower Initiated      
267935     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX AL Investment Refinance Cash Out - Other      
267936     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance Cash Out - Other      
267937     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
267938     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
267939     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX HI Investment Purchase NA      
267940     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Purchase NA      
268130     A A A A A A A A             A A                   QM: Safe Harbor (SH) QM: Safe Harbor (SH) XXXXX MI Primary Residence Purchase NA      
268392     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance No Cash Out - Borrower Initiated      
268393     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
268394     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
268395     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX FL Primary Residence Refinance Cash Out - Other      
268396     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
268397     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA      
268398     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX GA Primary Residence Purchase NA      
268399     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
269054     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
269055     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MD Investment Purchase NA      
269056     C B C B A A A A Closed FCRE8201 2024-03-15 17:41 2024-03-18 14:03 Waived 2 - Non-Material C B Credit Eligibility Loan does not conform to program guidelines Waived--Originator waiver applied - Due Diligence Vendor-03/18/2024
Open-Document Uploaded.  - Due Diligence Vendor-03/18/2024
Open-8 loans finance with XXXXX , Aggregate loan amount greater than $5 million and/or number of XXXXX loans to one borrower greater than four (4) loans requires prior approval by XXXXX  Management.
 - Due Diligence Vendor-03/15/2024		   Waived--Originator waiver applied - Due Diligence Vendor-03/18/2024

 LTV is less than guideline maximum - LTV is 55% and max allowed is 60%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 726 and minimum allowed is 620.		 -Low LTV
-Good Credit		 XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA Originator Post-Close Yes 1501106
269057     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX AZ Investment Purchase NA      
269058     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
269059     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IN Investment Purchase NA      
269060     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
269061     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NC Investment Purchase NA      
269062     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
269063     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Refinance Cash Out - Other      
269064     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
269065     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CT Investment Purchase NA      
269066     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
269552     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX LA Investment Refinance Cash Out - Other      
269554     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NV Investment Purchase NA      
269555     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
269556     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
269557     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CO Investment Purchase NA      
269558     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
269559     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX VA Investment Purchase NA      
269560     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NV Investment Purchase NA      
270707     C A C A A A A A Closed FCRE1440 2024-03-19 11:07 2024-03-21 11:15 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Housing History Meets Guideline Requirements - 2 months in file - both funded 11/2023 - Due Diligence Vendor-03/21/2024

Open-Housing History Does Not Meet Guideline Requirements Provide 12 months housing payment for properties 3A and 3B. Per guides for Foreign Nationals must provide housing histories for all Real Estate(s) owned in the US - Due Diligence Vendor-03/19/2024		   Resolved-Housing History Meets Guideline Requirements - 2 months in file - both funded 11/2023 - Due Diligence Vendor-03/21/2024

 Months Reserves exceed minimum required - 4.1 months reserves exceed required 3 by 1.1 months.     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1507444
270708     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
270709     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NC Investment Purchase NA      
270710     C A C A A A A A Closed FCRE1440 2024-03-19 17:23 2024-03-21 11:04 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Housing History for subject mortgages provided; finding resolved. - Due Diligence Vendor-03/21/2024

Open-Housing History Does Not Meet Guideline Requirements -Missing 12 month subject payment history for 1st and 2nd liens paid off at closing. - Due Diligence Vendor-03/19/2024		   Resolved-Housing History for subject mortgages provided; finding resolved. - Due Diligence Vendor-03/21/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 773 is higher than the required 720

DSCR % greater than 1.20 - DSCR 1.33% greater than 1.20

Months Reserves exceed minimum required - 17.80 months reserves exceed required 3 by 14.80 months.

LTV is less than guideline maximum - LTV 59.18% is lower than maximum 65%		     ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other N/A N/A 1509115
270711     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CT Investment Refinance Cash Out - Other      
270712     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
270713     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
270714     D B C B A A D A Closed FVAL1039 2024-03-25 11:39 2024-04-04 15:24 Resolved 1 - Information C A Property Value Appraised value unsupported Resolved--Value used for LTV is prior purchase price which is below Desk Review value. - Due Diligence Vendor-04/04/2024

Open-New after Trailing Docs - Secondary valuation provided has a variance of greater than -10% compared to the original appraised value - Desk Review received, value is not supported due to a 12.5% variance. - Due Diligence Vendor-03/25/2024		   Resolved--Value used for LTV is prior purchase price which is below Desk Review value. - Due Diligence Vendor-04/04/2024

 LTV is less than guideline maximum - LTV 59.00 % is lower than maximum 75%

DSCR % greater than 1.20 - DSCR 1.27% greater than 1.20

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 728 is higher than the required 640		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1521907
270714     D B C B A A D A Closed FPRO1253 2024-03-20 07:58 2024-03-25 11:39 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Desk Review received, please see new finding for value not supported. - Due Diligence Vendor-03/25/2024

Ready for Review-Document Uploaded.  - Seller-03/21/2024

Open-Provide a desk review to support the appraised value. CU>2.5 - Due Diligence Vendor-03/20/2024		 Ready for Review-Document Uploaded.  - Seller-03/21/2024

 Resolved-Desk Review received, please see new finding for value not supported. - Due Diligence Vendor-03/25/2024

 LTV is less than guideline maximum - LTV 59.00 % is lower than maximum 75%

DSCR % greater than 1.20 - DSCR 1.27% greater than 1.20

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 728 is higher than the required 640		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1510012
270714     D B C B A A D A Closed FCRE1492 2024-03-20 08:22 2024-03-25 10:03 Waived 2 - Non-Material C B Credit Assets Cash Out Does Not Meet Guideline Requirements Waived--Originator exception approved with compensating factors. Waiver applied to non-material finding. - Due Diligence Vendor-03/25/2024

Open-This does not meet delayed financing requirements, the source of funds to purchase the subject came from refinance loans on two other properties.  The final CD for the subject refinance must reflect that all cash-out proceeds are going to pay down any loans used to acquire the subject; the Final CD and BP Cert do not reflect this.  I am unable to resolve this finding. - Due Diligence Vendor-03/21/2024

Open-Cash Out Does Not Meet Guideline Requirements Guides requires a min of 6 mos. seasoning. Home purchased 2 mos prior to closing. - Due Diligence Vendor-03/20/2024		   Waived--Originator exception approved with compensating factors. Waiver applied to non-material finding. - Due Diligence Vendor-03/25/2024

 LTV is less than guideline maximum - LTV 59.00 % is lower than maximum 75%

DSCR % greater than 1.20 - DSCR 1.27% greater than 1.20

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 728 is higher than the required 640		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other Originator Post-Close No 1510065
270715     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX AZ Investment Refinance Cash Out - Other      
270716     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX AZ Investment Purchase NA      
270717     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
270718     C A C A A A A A Closed FCRE8701 2024-03-19 07:59 2024-03-20 12:02 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-The Business Entity Formation Document is not Missing - Operating agreement provided. 100% owner. - Due Diligence Vendor-03/20/2024

Ready for Review-Document Uploaded.  - Seller-03/19/2024

Open-The Business Entity Formation Document is Missing Provide documentation (LLC operating agreement) to support 100% ownership in the company since closing in an LLC - Due Diligence Vendor-03/19/2024		 Ready for Review-Document Uploaded.  - Seller-03/19/2024

 Resolved-The Business Entity Formation Document is not Missing - Operating agreement provided. 100% owner. - Due Diligence Vendor-03/20/2024

 LTV is less than guideline maximum - LTV 59.45% is lower than maximum 70%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 735 is higher than the required 640		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1506622
271077     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Refinance Cash Out - Other      
271078     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX LA Investment Purchase NA      
271079     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MD Investment Refinance Cash Out - Other      
271080     C A C A A A A A Closed FCRE1510 2024-03-20 08:09 2024-03-25 11:36 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-03/25/2024

Ready for Review-Document Uploaded.  - Seller-03/22/2024

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -PUD Rider is missing - Due Diligence Vendor-03/20/2024		 Ready for Review-Document Uploaded.  - Seller-03/22/2024

 Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-03/25/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 768 is higher than the required 700

Months Reserves exceed minimum required - 8.79 months reserves exceed required 3 by 5.79 months.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX AL Investment Purchase NA N/A N/A 1510030
271081     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MI Investment Purchase NA      
271082     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
271083     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
271084     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX DE Investment Refinance Cash Out - Other      
271085     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Refinance Cash Out - Other      
272019     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX AK Investment Purchase NA      
272020     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Purchase NA      
272021     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MA Investment Refinance Cash Out - Other      
272022     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
272023     C A C A A A A A Closed FCRE1503 2024-03-21 10:56 2024-04-09 12:59 Resolved 1 - Information C A Credit QM-ATR ATR: The Lender did not document all ATR Factors Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-04/09/2024

Resolved--REO income from departure residence verified and added; DTI less < max. Finding resolved. - Due Diligence Vendor-03/26/2024

Open-ATR: The Lender did not document all ATR Factors. DTI is 58%. Lender did not count the PITIA pmt for the Primary in the DTI - Due Diligence Vendor-03/21/2024		   Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-04/09/2024

 Resolved--REO income from departure residence verified and added; DTI less < max. Finding resolved. - Due Diligence Vendor-03/26/2024

 Months Reserves exceed minimum required - 12.70 months reserves exceed required 6 by 17.70 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 791 is higher than the required 680		     QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) XXXXX CA Primary Residence Purchase NA N/A N/A 1513953
272023     C A C A A A A A Closed FCRE1193 2024-03-21 10:24 2024-03-26 12:01 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved--REO income from departure residence verified and added; DTI less < max. Finding resolved. - Due Diligence Vendor-03/26/2024

Open-Audited DTI of 57.48% exceeds Guideline DTI of 50% Lender did not count the PITIA payment for the primary residence. Adding this results in a 58% DTI. - Due Diligence Vendor-03/22/2024		   Resolved--REO income from departure residence verified and added; DTI less < max. Finding resolved. - Due Diligence Vendor-03/26/2024

 Months Reserves exceed minimum required - 12.70 months reserves exceed required 6 by 17.70 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 791 is higher than the required 680		     QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) XXXXX CA Primary Residence Purchase NA N/A N/A 1513793
272024     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Purchase NA      
272025     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
272026     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX VA Investment Purchase NA      
272027     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX AL Investment Refinance Cash Out - Other      
272392     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
272393     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
272394     C B C B A A A A Closed FCRE8013 2024-03-23 08:27 2024-03-26 17:31 Waived 2 - Non-Material C B Credit Eligibility Purchase Contract Issue Waived--Borrower is 100% owner of LLC; Originator waiver applied to non-material finding. - Due Diligence Vendor-03/26/2024

Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Loan is a purchase. Deed is vested in an LLC. Purchase contract is missing name of corporation as a buyer. When closing a purchase transaction in a LLC vesting, the LLC must be the
purchaser on the sale contract. - Due Diligence Vendor-03/23/2024		   Waived--Borrower is 100% owner of LLC; Originator waiver applied to non-material finding. - Due Diligence Vendor-03/26/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO score of 745 is higher than the minimum required score of 700

Months Reserves exceed minimum required - Verified assets of 21.01 months reserves exceed the minimum required of 3 months		     ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA Originator Post-Close N/A 1519668
272395     C A C A A A A A Closed FCRE8701 2024-03-22 13:12 2024-03-26 11:49 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-03/26/2024

Ready for Review-Document Uploaded.  - Seller-03/25/2024

Open-The Business Entity Formation Document is Missing Per guidelines Title vesting may be in a Limited Liability Company (LLC) as long as the borrower has 100% ownership interest and it is documented by the organization documentation. Documenation of this is not in file. - Due Diligence Vendor-03/22/2024		 Ready for Review-Document Uploaded.  - Seller-03/25/2024

 Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-03/26/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 672 is higher than the required 640

LTV is less than guideline maximum - LTV 70% is lower than maximum 75%		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA N/A N/A 1518150
272396     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NV Investment Purchase NA      
272397     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX UT Investment Purchase NA      
272398     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Refinance Cash Out - Other      
272682     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance No Cash Out - Borrower Initiated      
272683     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Refinance Cash Out - Other      
272684     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
272685     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
272686     B B B B A A A A Closed FCRE1200 2024-03-25 16:07 2024-03-26 09:29 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of XXXXX  is less than the Guideline Minimum Loan Amount of XXXXX. Lock agreement shows the adjustment for the loan amount. Originator waiver applied to non material finding - Due Diligence Vendor-03/25/2024   Waived-Audited Loan Amount of XXXXX is less than the Guideline Minimum Loan Amount of XXXXX Lock agreement shows the adjustment for the loan amount. Originator waiver applied to non material finding - Due Diligence Vendor-03/25/2024
 Months Reserves exceed minimum required - 6.5 months reserves exceed required 3 by 3.5 months.

DSCR % greater than 1.20 - DSCR 1.24% greater than 1.20		     ATR/QM: Exempt ATR/QM: Exempt XXXXX IL Investment Purchase NA Originator Post-Close Yes 1523280
272687     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Purchase NA      
272688     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
272689     C A C A A A A A Closed FCRE1456 2024-03-26 08:32 2024-03-28 12:13 Resolved 1 - Information C A Credit Assets Asset 2 Less Than 2 Months Verified Resolved-XXXXX is a new account. Borrower closed account XXXXX (CD).  XXXXX has 2 months verification.  - Due Diligence Vendor-03/28/2024
Ready for Review-Document Uploaded.  - Seller-03/27/2024
Open-Asset 2 Less Than 2 Months Verified Provide extra bank statement for XXXXX only 1 month was provides. Guides require 2 months bank statements. - Due Diligence Vendor-03/26/2024		 Ready for Review-Document Uploaded.  - Seller-03/27/2024

 Resolved-XXXXX is a new account. Borrower closed account XXXXX(CD).  XXXXX has 2 months verification.  - Due Diligence Vendor-03/28/2024
 Months Reserves exceed minimum required - 64.22 months reserves exceed required 3 by 61.22 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 799 is higher than the required 620		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA N/A N/A 1524505
273277     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Refinance Cash Out - Other      
273278     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MD Investment Purchase NA      
273279     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
273280     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
273281     C A C A A A A A Closed FCRE0042 2024-03-26 16:32 2024-04-12 10:28 Resolved 1 - Information C A Credit Eligibility Florida Foreign National Affidavit is missing or incomplete Resolved-Complete Affidavit singed and notarized provided. - Due Diligence Vendor-04/12/2024

Resolved- - Due Diligence Vendor-04/12/2024

Ready for Review-Document Uploaded.  - Seller-04/10/2024

Open-Florida Foreign National Affidavit is Missing or Incomplete.  -Foreign Interest affidavits incomplete for Borrower
2 and Borrower 3 - question #3 not completed. - Due Diligence Vendor-03/26/2024		 Ready for Review-Document Uploaded.  - Seller-04/10/2024

 Resolved-Complete Affidavit singed and notarized provided. - Due Diligence Vendor-04/12/2024

 Resolved- - Due Diligence Vendor-04/12/2024

 Qualifying DTI below maximum allowed - DTI is 14.56% and max allowed is 49%.   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1526938
273281     C A C A A A A A Closed FPRO9999 2024-03-26 16:14 2024-04-01 09:24 Resolved 1 - Information C A Credit Eligibility Condo project has pending litigation Resolved--Rec'd evidence that case is now closed; finding resolved. - Due Diligence Vendor-04/01/2024

Open--Pending litigation and evidence of claim amount and insurance sufficient to cover must be provided. - Due Diligence Vendor-03/26/2024		   Resolved--Rec'd evidence that case is now closed; finding resolved. - Due Diligence Vendor-04/01/2024

 Qualifying DTI below maximum allowed - DTI is 14.56% and max allowed is 49%.     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1526874
273282     C B C B A A A A Closed FCRE1194 2024-03-26 16:42 2024-04-17 17:35 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Waived by client with compensating factors - Due Diligence Vendor-04/17/2024
Ready for Review-The max LTV for this files is 80%, loan amount is XXXXX  and loan program is XXXXX . - Seller-04/17/2024
Counter--Originator waiver/exception would be required. - Due Diligence Vendor-04/17/2024
Ready for Review-Please advise the status of this file 100% complete but it has an open condition. Kindly confirm if anything else is needed. Thank you.  - Seller-04/15/2024
Open-Audited LTV of 80% exceeds Guideline LTV of 75% 5% LTV reduction for FTHB. - Due Diligence Vendor-03/26/2024		 Ready for Review-The max LTV for this files is 80%, loan amount is XXXXX  and loan program is XXXXX . - Seller-04/17/2024
 Ready for Review-Please advise the status of this file 100% complete but it has an open condition. Kindly confirm if anything else is needed. Thank you.  - Seller-04/15/2024
 Waived-Waived by client with compensating factors - Due Diligence Vendor-04/17/2024

 Qualifying DTI below maximum allowed - DTI 36.75% is lower than allowable 49%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 782 is higher than the required 700		     Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA Investor Post-Close No 1526971
273283     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Refinance Cash Out - Other      
273284     D A A A A A D A Closed FPRO1253 2024-03-26 17:06 2024-04-01 10:51 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Desk Review supporting the appraised value provided. - Due Diligence Vendor-04/01/2024

Ready for Review-Document Uploaded.  - Seller-03/29/2024

Open--Missing desk review - Due Diligence Vendor-03/26/2024		 Ready for Review-Document Uploaded.  - Seller-03/29/2024

 Resolved-Desk Review supporting the appraised value provided. - Due Diligence Vendor-04/01/2024

 DSCR % greater than 1.20 - Calculated DSCR of 1.35

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 754 is higher than the minimum required score of 700		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX CT Investment Purchase NA N/A N/A 1527036
273285     D A A A A A D A Closed FPRO1253 2024-03-26 13:30 2024-04-03 11:18 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Desk Review supporting the appraised value provided. - Due Diligence Vendor-04/03/2024

Ready for Review-Document Uploaded.  - Seller-04/01/2024

Counter-Received LOE for bank statements.  Please provide the desk review. - Due Diligence Vendor-03/28/2024

Ready for Review-Document Uploaded.  - Seller-03/27/2024

Open--Missing Desk review - Due Diligence Vendor-03/26/2024		 Ready for Review-Document Uploaded.  - Seller-04/01/2024

 Ready for Review-Document Uploaded.  - Seller-03/27/2024

 Resolved-Desk Review supporting the appraised value provided. - Due Diligence Vendor-04/03/2024

 Qualifying FICO score is at least 20 points above minimum for program - Score is 715 and minimum allowed is 660.

LTV is less than guideline maximum - LTV is 75% and max LTV is 80%.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA N/A N/A 1526168
273286     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
273287     D A D A A A A A Closed FCRE0042 2024-03-26 15:58 2024-03-29 10:07 Resolved 1 - Information C A Credit Eligibility Florida Foreign National Affidavit is missing or incomplete Resolved-Complete Affidavit signed and Notarized provided. - Due Diligence Vendor-03/29/2024

Ready for Review-Document Uploaded.  - Seller-03/28/2024

Open-Florida Foreign National Affidavit is Missing or Incomplete.  -Item #3 of FL Foreign Interest Affidavit not completed by both Borrowers. - Due Diligence Vendor-03/26/2024		 Ready for Review-Document Uploaded.  - Seller-03/28/2024

 Resolved-Complete Affidavit signed and Notarized provided. - Due Diligence Vendor-03/29/2024

 Months Reserves exceed minimum required - 74.266 months reserves exceed required 6 by 68.26 months.

Qualifying DTI below maximum allowed - DTI 18.82% is lower than allowable 49%		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1526836
273287     D A D A A A A A Closed FCRE9999 2024-03-26 15:57 2024-03-28 11:28 Resolved 1 - Information C A Credit Eligibility Legal document incorrect or has issues Resolved--All three loans closed same day; finding resolved. - Due Diligence Vendor-03/28/2024

Open--Certificate of loans to one Borrower reflects no other loans and Final 1003 reflects two other properties with new loans by same Lender. - Due Diligence Vendor-03/26/2024		   Resolved--All three loans closed same day; finding resolved. - Due Diligence Vendor-03/28/2024

 Months Reserves exceed minimum required - 74.266 months reserves exceed required 6 by 68.26 months.

Qualifying DTI below maximum allowed - DTI 18.82% is lower than allowable 49%		     ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1526830
273287     D A D A A A A A Closed FCRE3978 2024-03-26 12:06 2024-03-28 11:28 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Credit) Resolved--Rec'd updated 1003; no primary housing expense (no ownership) - Due Diligence Vendor-03/28/2024

Ready for Review-Document Uploaded.  - Seller-03/28/2024

Open--Final 1003 reflects Borrower owns primary in country of residence; provide housing payment history or proof owned free & clear.. - Due Diligence Vendor-03/26/2024		 Ready for Review-Document Uploaded.  - Seller-03/28/2024

 Resolved--Rec'd updated 1003; no primary housing expense (no ownership) - Due Diligence Vendor-03/28/2024

 Months Reserves exceed minimum required - 74.266 months reserves exceed required 6 by 68.26 months.

Qualifying DTI below maximum allowed - DTI 18.82% is lower than allowable 49%		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1525701
273287     D A D A A A A A Closed FCRE7497 2024-03-26 15:47 2024-03-28 11:24 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved--Rec'd CD's for new loans on prior free & clear properties; finding resolved. - Due Diligence Vendor-03/28/2024
Open-Document Uploaded.  - Due Diligence Vendor-03/28/2024
Open--Missing new loan docs to verify PITIA for properties XXXXX  from the REO section of the 1003. - Due Diligence Vendor-03/26/2024		   Resolved--Rec'd CD's for new loans on prior free & clear properties; finding resolved. - Due Diligence Vendor-03/28/2024

 Months Reserves exceed minimum required - 74.266 months reserves exceed required 6 by 68.26 months.

Qualifying DTI below maximum allowed - DTI 18.82% is lower than allowable 49%		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1526777
273288     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX TX Primary Residence Purchase NA      
273289     C A C A A A A A Closed FCRE1440 2024-03-27 18:45 2024-03-28 16:49 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved--Rec'd CD's for new loans on other two properties closed same day - prior they were free & clear; finding resolved. - Due Diligence Vendor-03/28/2024
Open-Document Uploaded.  - Due Diligence Vendor-03/28/2024
Open-Housing History Does Not Meet Guideline Requirements Provide 12 mos housing history for all properties owned in the US (XXXXX  on 1003). Cannot be more than 1 x 30 x 12; verification of PITIA required; if new loans provide docs. - Due Diligence Vendor-03/27/2024		   Resolved--Rec'd CD's for new loans on other two properties closed same day - prior they were free & clear; finding resolved. - Due Diligence Vendor-03/28/2024

 Qualifying DTI below maximum allowed - DTI is 18.86% and max allowed is 49%.

Months Reserves exceed minimum required - 		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other N/A N/A 1530446
273290     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
273291     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA      
273292     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
273293     D A A A A A D A Closed FPRO1253 2024-03-27 16:19 2024-04-01 10:53 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Desk Review supporting the appraised value received. - Due Diligence Vendor-04/01/2024

Ready for Review-Document Uploaded.  - Seller-03/29/2024

Open--Missing Desk review; CU score > 2.5 - Due Diligence Vendor-03/27/2024		 Ready for Review-Document Uploaded.  - Seller-03/29/2024

 Resolved-Desk Review supporting the appraised value received. - Due Diligence Vendor-04/01/2024

 Months Reserves exceed minimum required - Verified assets of 25.24 months reserves exceed the minimum required of 3 months   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX MO Investment Purchase NA N/A N/A 1530080
273822     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
273823     C B C B A A A A Closed FCRE1247 2024-03-28 13:40 2024-03-29 13:45 Waived 2 - Non-Material C B Credit Eligibility Seller Contribution Exceeds Program Maximum Waived--Reduced sales price by IPC overage and LTV is still < max allowed; Client waiver applied to non-material finding. - Due Diligence Vendor-03/29/2024

Open--Interested party contributions exceed 6% max by $4628.04. - Due Diligence Vendor-03/28/2024		   Waived--Reduced sales price by IPC overage and LTV is still < max allowed; Client waiver applied to non-material finding. - Due Diligence Vendor-03/29/2024

 Months Reserves exceed minimum required - 4.64 months reserves exceed required 3 by 1.64 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 668 is higher than the required 640		     ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA Investor Post-Close No 1532919
273824     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
273825     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance No Cash Out - Borrower Initiated      
273826     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX TX Primary Residence Refinance Cash Out - Other      
273827     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX SC Investment Refinance Cash Out - Other      
273828     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX AL Investment Purchase NA      
273829     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
273830     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Refinance Cash Out - Other      
273831     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Purchase NA      
273832     C B C B A A A A Closed FCRE1492 2024-03-27 17:52 2024-04-02 10:46 Waived 2 - Non-Material C B Credit Assets Cash Out Does Not Meet Guideline Requirements Waived-Received exception approval for POA. Finding is deemed non material. Originator waiver applied to non material findings. - Due Diligence Vendor-04/02/2024

Ready for Review-Document Uploaded.  - Seller-04/01/2024

Counter-Please provide an originator exception approval.  Guidelines state Power of Attorney is not allowed for Cash-Out Transaction.   - Due Diligence Vendor-04/01/2024

Ready for Review-Please note that a POA exception was granted on cash out case. The cash out was not used for reserves. 55% LTV. Reserves comes from borrower's own funds. - Seller-03/28/2024

Open-Cash Out Does Not Meet Guideline Requirements Borrower signed with a POA for subject loan.  Power of Attorney is not allowed for Cash-Out Transactions. - Due Diligence Vendor-03/27/2024		 Ready for Review-Document Uploaded.  - Seller-04/01/2024

 Ready for Review-Please note that a POA exception was granted on cash out case. The cash out was not used for reserves. 55% LTV. Reserves comes from borrower's own funds. - Seller-03/28/2024

 Waived-Received exception approval for POA. Finding is deemed non material. Originator waiver applied to non material findings. - Due Diligence Vendor-04/02/2024

 Months Reserves exceed minimum required - Borrower has 78.07 months of reserves and only needs 6 months to qualify.

Qualifying DTI below maximum allowed - DTI is 18.82% and max allowed is 49%.		 18.82% DTI < 49% maximum allowed
31.28 months reserves > 6 months minimum required.		 XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other Originator Post-Close N/A 1530358
273833     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
273834     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX SC Investment Purchase NA      
273835     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
274561     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MA Investment Refinance No Cash Out - Borrower Initiated      
274562     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
274563     C A C A A A A A Closed FCRE1492 2024-03-28 12:40 2024-04-18 09:38 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved--Delayed financing documentation provided and all requirements met; finding resolved. - Due Diligence Vendor-04/18/2024

Ready for Review-Document Uploaded.  - Seller-04/18/2024

Open-Cash Out Does Not Meet Guideline Requirements Guides requires a min of 6 mos. seasoning unless acquired through inheritance or legally awarded.. Home purchased 5 mos prior to closing. - Due Diligence Vendor-03/28/2024		 Ready for Review-Document Uploaded.  - Seller-04/18/2024

 Resolved--Delayed financing documentation provided and all requirements met; finding resolved. - Due Diligence Vendor-04/18/2024

 LTV is less than guideline maximum - LTV 72.84% is lower than maximum 75%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 794 is higher than the required 700		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Refinance Cash Out - Other N/A N/A 1532572
274564     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
274565     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX VA Investment Purchase NA      
274566     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
274567     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
274568     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX VA Investment Purchase NA      
274569     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
277125     C A C A A A A A Closed FCRE8701 2024-03-29 12:38 2024-04-02 10:42 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-04/02/2024

Ready for Review-Document Uploaded.  - Seller-04/01/2024

Counter-Business Purpose Cert provided, however we are missing the Business Entity Formation Documentation.  Finding remains. - Due Diligence Vendor-04/01/2024

Ready for Review-Document Uploaded.  - Seller-03/29/2024

Open-The Business Entity Formation Document is Missing - Due Diligence Vendor-03/29/2024		 Ready for Review-Document Uploaded.  - Seller-04/01/2024

 Ready for Review-Document Uploaded.  - Seller-03/29/2024

 Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-04/02/2024

 DSCR % greater than 1.20 - Calculated DSCR of 1.52

Months Reserves exceed minimum required - Verified assets of 235.61 months reserves exceed the minimum required of 6 months		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1536138
277126     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NV Investment Purchase NA      
277127     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
277128     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IL Investment Refinance Cash Out - Other      
277129     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
277130     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
277131     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX TX Primary Residence Purchase NA      
277132     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Refinance Cash Out - Other      
277133     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX SC Investment Purchase NA      
277134     A A A A A A A A             A A                   QM: Safe Harbor (SH) QM: Safe Harbor (SH) XXXXX CA Primary Residence Purchase NA      
277791     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Refinance Cash Out - Other      
277792     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
277793     C A A A C A A A Closed finding-3652 2024-04-01 09:58 2024-04-03 09:32 Resolved 1 - Information C A Compliance TRID Lender Credits That Cannot Decrease Test Resolved--Upon further review, documentation in file to support reduction in Lender credit - Due Diligence Vendor-04/03/2024
Ready for Review-Document Uploaded. These are documents on loan package. Please see page 480. - Seller-04/01/2024
Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($838.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credits reduced to $0.00 on CD: 3/20/2024 from $838.00 on LE 2/5/2024.  While a COC has been provided, the reduction in Lender Credit must be equal to specific or non-specific fee.  Provide a PCCD, LOE, evidence of refund or principal reduction in the amount of $838.00 and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations – 3 years, expiration date 3/20/27 - Due Diligence Vendor-04/01/2024		 Ready for Review-Document Uploaded. These are documents on loan package. Please see page 480. - Seller-04/01/2024

 Resolved--Upon further review, documentation in file to support reduction in Lender credit - Due Diligence Vendor-04/03/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 802 is higher than the required 700

Qualifying DTI below maximum allowed - DTI 22.99% is lower than allowable 49%		   XXXXX Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA N/A N/A 1538775
277794     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Refinance Cash Out - Other      
277795     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MD Investment Purchase NA      
277796     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX MD Investment Purchase NA      
277797     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CT Investment Purchase NA      
277798     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
277799     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
277800     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
277801     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
277802     C A C A A A A A Closed FCRE1159 2024-04-01 15:52 2024-04-03 11:14 Resolved 1 - Information C A Credit Insurance Hazard Insurance Effective Date is after the Note Date Resolved-Hazard Insurance Effective Date of XXXXX  is prior to or equal to the Note Date of XXXXX  Or Hazard Insurance Effective Date Is Not Provided - Updated HOI provided. - Due Diligence Vendor-04/03/2024
Ready for Review-Document Uploaded.  - Seller-04/01/2024
Open-Hazard Insurance Effective Date of XXXXX is after the Note Date of XXXXX  -HOI effective after disbursement date - Due Diligence Vendor-04/01/2024		 Ready for Review-Document Uploaded.  - Seller-04/01/2024

 Resolved-Hazard Insurance Effective Date of XXXXX is prior to or equal to the Note Date of XXXXX Or Hazard Insurance Effective Date Is Not Provided - Updated HOI provided. - Due Diligence Vendor-04/03/2024
 LTV is less than guideline maximum - LTV 54.61% is lower than maximum 75%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 695 is higher than the required 620

Months Reserves exceed minimum required - 9.88 months reserves exceed required 3 by 6.88 months.		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1540751
277803     A A A A A A A A             A A                   QM: Safe Harbor (SH) QM: Safe Harbor (SH) XXXXX FL Primary Residence Refinance Cash Out - Other      
278426     C B C B A A A A Closed FCRE1193 2024-04-03 13:39 2024-04-17 14:58 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-Audited DTI of 41.46% is less than or equal to Guideline DTI of 49% - Due Diligence Vendor-04/16/2024
Resolved-Audited DTI of 41.46% is less than or equal to Guideline DTI of 49% - Recalculated income - Due Diligence Vendor-04/10/2024
Ready for Review-Document Uploaded.  - Seller-04/08/2024
Counter-Documentation was not attached.  Please re-upload. - Due Diligence Vendor-04/08/2024
Ready for Review-DTI used is 46.88% within guideline, please see attached 1008.  - Seller-04/05/2024
Open-Audited DTI of 63.46% exceeds Guideline DTI of 49% -DTI exceeds guideline max; Lender used 2021 Sch C income for a company that is now a 1065 Partnership with Borrower only having 34% ownership and XXXXX per 2022 K-1. - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded.  - Seller-04/08/2024

 Ready for Review-DTI used is 46.88% within guideline, please see attached 1008.  - Seller-04/05/2024

 Resolved-Audited DTI of 41.46% is less than or equal to Guideline DTI of 49% - Due Diligence Vendor-04/16/2024

 Resolved-Audited DTI of 41.46% is less than or equal to Guideline DTI of 49% - Recalculated income - Due Diligence Vendor-04/10/2024

 LTV is less than guideline maximum - 58.3% LTV is less than 65% maximum..

Qualifying DTI below maximum allowed - DTI is 41.46%. Allowed to 49%		 Documentation was not attached.  Please re-upload. XXXXX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX AZ Primary Residence Refinance Cash Out - Other N/A N/A 1547288
278426     C B C B A A A A Closed FCRE1503 2024-04-03 13:29 2024-04-17 14:58 Resolved 1 - Information C A Credit QM-ATR ATR: The Lender did not document all ATR Factors Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-04/17/2024

Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-04/16/2024

Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Recalculated the income - Due Diligence Vendor-04/10/2024

Ready for Review-Document Uploaded.  - Seller-04/09/2024

Counter-Non-QM loan, however the DTI exceeds guidelines max.  Finding remains. - Due Diligence Vendor-04/05/2024

Ready for Review-Please note that this loan is NON QM - Seller-04/03/2024

Open-ATR: The Lender did not document all ATR Factors -DTI > max allowed - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded.  - Seller-04/09/2024

 Ready for Review-Please note that this loan is NON QM - Seller-04/03/2024

 Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-04/17/2024

 Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-04/16/2024

 Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Recalculated the income - Due Diligence Vendor-04/10/2024

 LTV is less than guideline maximum - 58.3% LTV is less than 65% maximum..

Qualifying DTI below maximum allowed - DTI is 41.46%. Allowed to 49%		   XXXXX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX AZ Primary Residence Refinance Cash Out - Other N/A N/A 1547248
278426     C B C B A A A A Closed FCRE1506 2024-04-03 13:29 2024-04-17 14:58 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/17/2024
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/16/2024
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Recalculated Income - Due Diligence Vendor-04/10/2024
Ready for Review-Document Uploaded. Used DTI is 46.88% per 1008, please see attached. - Seller-04/10/2024
Counter-This condition pertains to the DTI exceeding the maximum allowed. - Due Diligence Vendor-04/08/2024
Ready for Review-Document Uploaded. Please note change he loan amount to XXXXX to meet the 60% LTV (based off XXXXX  appraised value), attached is copy of the COC. Thank you. - Seller-04/05/2024
Counter-Non-QM loan, however the DTI exceeds guidelines max.  Finding remains. - Due Diligence Vendor-04/05/2024
Ready for Review-Please note that this loan is NON QM - Seller-04/03/2024
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. -DTI exceeds guideline max; Lender used 2021 Sch C income for a company that is now a 1065 Partnership with Borrower only having 34% ownership and $155 annual income per 2022 K-1. - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded. Used DTI is 46.88% per 1008, please see attached. - Seller-04/10/2024
 Ready for Review-Document Uploaded. Please note change he loan amount to XXXXX  to meet the 60% LTV (based off XXXXX  appraised value), attached is copy of the COC. Thank you. - Seller-04/05/2024
 Ready for Review-Please note that this loan is NON QM - Seller-04/03/2024
 Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/17/2024

 Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/16/2024

 Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Recalculated Income - Due Diligence Vendor-04/10/2024

 LTV is less than guideline maximum - 58.3% LTV is less than 65% maximum..

Qualifying DTI below maximum allowed - DTI is 41.46%. Allowed to 49%		   XXXXX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX AZ Primary Residence Refinance Cash Out - Other N/A N/A 1547249
278426     C B C B A A A A Closed FCRE1492 2024-04-03 11:57 2024-04-11 09:56 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved- - Due Diligence Vendor-04/11/2024

Open-Cash Out Does Not Meet Guideline Requirements Loan approved as a rate/term refinance, but final CD notes two collections/judgments and one revolving account paid at close; net c/o is > $5K. Fico finding was a duplicate finding of this finding - Due Diligence Vendor-04/11/2024		     LTV is less than guideline maximum - 58.3% LTV is less than 65% maximum..

Qualifying DTI below maximum allowed - DTI is 41.46%. Allowed to 49%		     Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX AZ Primary Residence Refinance Cash Out - Other N/A N/A 1546761
278426     C B C B A A A A Closed FCRE1197 2024-04-03 13:39 2024-04-11 09:42 Waived 2 - Non-Material C B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Originator has provided an exception waiver . Waiver applied to non material finding - Due Diligence Vendor-04/11/2024

Counter-Documented FICO score is 602 per credit report.  660 is the minimum allowed and cannot be used for as compensating factor. - Finding remains. - Due Diligence Vendor-04/10/2024

Ready for Review-Compensating factors: Fico score is 660 with sufficient reserves.  - Seller-04/10/2024

Open-Unable to waive without 2 verifiable compensating factors.  Finding remains. - Due Diligence Vendor-04/08/2024

Ready for Review-Document Uploaded. Please note that an exception was granted based on 660 FICO score and max LTV of 60%, copy of the COC for 660 FICO is attached.  - Seller-04/05/2024

Open-Audited FICO of 602 is less than Guideline FICO of 660 -602 qualifying FICO < 660 min - Due Diligence Vendor-04/03/2024		 Ready for Review-Compensating factors: Fico score is 660 with sufficient reserves.  - Seller-04/10/2024

 Ready for Review-Document Uploaded. Please note that an exception was granted based on 660 FICO score and max LTV of 60%, copy of the COC for 660 FICO is attached.  - Seller-04/05/2024

 Waived-Originator has provided an exception waiver . Waiver applied to non material finding - Due Diligence Vendor-04/11/2024

 LTV is less than guideline maximum - 58.3% LTV is less than 65% maximum..

Qualifying DTI below maximum allowed - DTI is 41.46%. Allowed to 49%		   XXXXX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX AZ Primary Residence Refinance Cash Out - Other Originator Post-Close Yes 1547287
278426     C B C B A A A A Closed FCRE1323 2024-04-03 12:35 2024-04-03 15:03 Waived 2 - Non-Material B B Credit Income/Employment Borrower 1 Business Tax Returns Less Than 24 Months Provided Waived-Borrower 1 Business Tax Returns Less Than 24 Months Provided Guidelines require most recent two years Business Tax Returns.  Business 1 and Business 2 both opened 01/01/2022 per the 1065s in file.  Businesses opened 2022 with 2022 tax returns and 2023 P&L in file for income producing business and 2022 loss used for non-income producing business.  3rd business was Sch C in 2021 and 1065 in 2022-only 34% ownership in 2022.  Originator waiver applied to non-material finding. - Due Diligence Vendor-04/03/2024   Waived-Borrower 1 Business Tax Returns Less Than 24 Months Provided Guidelines require most recent two years Business Tax Returns.  Business 1 and Business 2 both opened 01/01/2022 per the 1065s in file.  Businesses opened 2022 with 2022 tax returns and 2023 P&L in file for income producing business and 2022 loss used for non-income producing business.  3rd business was Sch C in 2021 and 1065 in 2022-only 34% ownership in 2022.  Originator waiver applied to non-material finding. - Due Diligence Vendor-04/03/2024

 LTV is less than guideline maximum - 58.3% LTV is less than 65% maximum..

Qualifying DTI below maximum allowed - DTI is 41.46%. Allowed to 49%		     Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX AZ Primary Residence Refinance Cash Out - Other Originator Post-Close No 1546988
278428     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NJ Investment Refinance Cash Out - Other      
278429     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
278430     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX FL Primary Residence Purchase NA      
278431     C B C B A A A A Closed FCRE3599 2024-04-02 14:32 2024-04-05 12:04 Waived 2 - Non-Material C B Credit Eligibility Borrower owns more financed properties than allowed per guidelines Waived-Originator provided an exception. Originator waiver applied to non material finding - Due Diligence Vendor-04/05/2024

Open-Guides allow a max of 4 loans per Lender Borrower has 8 - Due Diligence Vendor-04/02/2024		   Waived-Originator provided an exception. Originator waiver applied to non material finding - Due Diligence Vendor-04/05/2024

 LTV is less than guideline maximum - LTV 46.40% is lower than maximum 75%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 723 is higher than the required 640		 LTV 50%
DSCR > 1.00		   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other Originator Post-Close Yes 1543937
278432     C B C B A A A A Closed FCRE1440 2024-04-03 08:18 2024-04-08 10:08 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Lender provided an exception waiver.  Originator waiver applied to non material finding - Due Diligence Vendor-04/08/2024

Open-Housing History Does Not Meet Guideline Requirements Credit report reflects 2x30 on a prior mtg  in the last 12 months (6/23 and 4/23). Guides allow max of 1 x 30 - Due Diligence Vendor-04/03/2024		   Waived-Lender provided an exception waiver.  Originator waiver applied to non material finding - Due Diligence Vendor-04/08/2024

 Qualifying DTI below maximum allowed - DTI of 37.96% is less than the maximum allowed per guidelines of 49%

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 728 is higher than the minimum required score of 660		     ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other Originator Post-Close Yes 1545611
278433     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX PA Investment Purchase NA      
278434     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Refinance Cash Out - Other      
278435     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
278436     D A D A A A A A Closed FCRE1202 2024-04-03 10:46 2024-04-15 10:15 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report Partially Provided Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-04/15/2024

Ready for Review-Document Uploaded.  - Seller-04/12/2024

Open-Third Party Fraud Report Partially Provided -Missing SSN and Identification verification documentation; Fraud report alert notes cleared with Credit report tradeline > 5 years.  No tradeline for borrower found > 7 months - AU tradelines not included(only reporting 5 months for Borrower) - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded.  - Seller-04/12/2024

 Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-04/15/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO = 725 Min FICO = 640

DSCR % greater than 1.20 - DSCR = 1.30		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Purchase NA N/A N/A 1546333
278437     C B C B A A A A Closed FCRE8701 2024-04-03 13:02 2024-04-04 12:48 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-The Business Entity Formation Document is not Missing - Operating agreement provided. - Due Diligence Vendor-04/04/2024

Ready for Review-Document Uploaded.  - Seller-04/03/2024

Open-The Business Entity Formation Document is Missing -Missing LLC docs for vested business entity. - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded.  - Seller-04/03/2024

 Resolved-The Business Entity Formation Document is not Missing - Operating agreement provided. - Due Diligence Vendor-04/04/2024

 DSCR % greater than 1.20 - DSCR 1.29%

Months Reserves exceed minimum required - 3 months reserves required, borrower has 12 months		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA N/A N/A 1547097
278437     C B C B A A A A Closed FCRE8013 2024-04-03 13:11 2024-04-04 10:07 Waived 2 - Non-Material C B Credit Eligibility Purchase Contract Issue Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-04/04/2024

Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. -Missing Purchase contract addendum adding LLC as Buyer on Contract. - Due Diligence Vendor-04/03/2024		   Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-04/04/2024

 DSCR % greater than 1.20 - DSCR 1.29%

Months Reserves exceed minimum required - 3 months reserves required, borrower has 12 months		     ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA Originator Post-Close No 1547146
278438     D A D A A A A A Closed FCRE1180 2024-04-03 15:56 2024-04-05 10:02 Resolved 1 - Information D A Credit Missing Doc HO-6 Insurance Policy is Missing Resolved-HO-6 Insurance Policy is fully present - Due Diligence Vendor-04/05/2024

Ready for Review-Document Uploaded.  - Seller-04/04/2024

Open-HO-6 Insurance Policy is Missing - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded.  - Seller-04/04/2024

 Resolved-HO-6 Insurance Policy is fully present - Due Diligence Vendor-04/05/2024

 Qualifying DTI below maximum allowed - DTI = 40.4% - Max DTI = 50%

Qualifying FICO score is at least 20 points above minimum for program - FICO = 771    Min FICO = 700		   XXXXX Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA N/A N/A 1547939
278439     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Purchase NA      
278440     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX OH Investment Purchase NA      
278441     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX IL Investment Purchase NA      
278442     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX MA Primary Residence Refinance Cash Out - Other      
278443     D A D A A A A A Closed FCOM1227 2024-04-03 15:31 2024-04-19 11:20 Resolved 1 - Information D A Credit Missing Doc PUD Rider is Missing Resolved-The PUD Rider is Present or is Not Applicable (Property Type is PUD) - PUD Rider provided. - Due Diligence Vendor-04/19/2024

Ready for Review-Document Uploaded.  - Seller-04/18/2024

Open-PUD Rider is Missing -Appraisal reflects property is a PUD; no PUD Rider provided. - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded.  - Seller-04/18/2024

 Resolved-The PUD Rider is Present or is Not Applicable (Property Type is PUD) - PUD Rider provided. - Due Diligence Vendor-04/19/2024

 Months Reserves exceed minimum required - Verified assets of 62.98 months reserves exceed the minimum required of 3 months

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 790 is higher than the minimum required score of 660		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1547830
278444     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
278445     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX FL Primary Residence Purchase NA      
278446     B B B B A A A A Closed FCRE1507 2024-04-03 14:46 2024-04-03 15:14 Waived 2 - Non-Material B B Credit QM-ATR Discrepancy between Originator QM Status and Final QM Status Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Safe Harbor (SH)'. Originator designated as Fail, however, audit results in as a Safe Harbor, Originator waiver applied to non material finding - Due Diligence Vendor-04/03/2024   Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Safe Harbor (SH)'. Originator designated as Fail, however, audit results in as a Safe Harbor, Originator waiver applied to non material finding - Due Diligence Vendor-04/03/2024

 LTV is less than guideline maximum - LTV 75% is lower than maximum 80%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 766 is higher than the required 660.

Qualifying DTI below maximum allowed - DTI 43.81% is lower than allowable 49%		     Non-QM: Lender documented all ATR UW factors QM: Safe Harbor (SH) XXXXX MD Primary Residence Purchase NA Originator Post-Close No 1547623
278447     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX WA Investment Purchase NA      
278448     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA      
278449     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
278450     D A D A A A A A Closed FCOM1227 2024-04-02 16:16 2024-04-04 12:56 Resolved 1 - Information D A Credit Missing Doc PUD Rider is Missing Resolved-Subject is a detached Condo. - Due Diligence Vendor-04/04/2024

Ready for Review-Property is a detached condo.  - Seller-04/03/2024

Open-PUD Rider is Missing -Appraisal form is 1004 and reflects property is a PUD; DOT has Condo Rider. - Due Diligence Vendor-04/02/2024		 Ready for Review-Property is a detached condo.  - Seller-04/03/2024

 Resolved-Subject is a detached Condo. - Due Diligence Vendor-04/04/2024

 Months Reserves exceed minimum required - Verified assets of 13.02 months reserves exceed the minimum required of 3 months

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 720 is higher than the minimum required score of 700		     ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA N/A N/A 1544363
278451     A A A A A A A A             A A                   QM: Safe Harbor (SH) QM: Safe Harbor (SH) XXXXX CA Primary Residence Purchase NA      
278452     C A C A A A A A Closed FCRE1440 2024-04-03 16:39 2024-04-08 08:58 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Lender has advise that thie loan in question is a purchase that has not yet closed. No history is required. - Due Diligence Vendor-04/08/2024
Open-Housing History Does Not Meet Guideline Requirements Missing mortgage history for property at XXXXX. - Due Diligence Vendor-04/03/2024		   Resolved-Lender has advise that thie loan in question is a purchase that has not yet closed. No history is required. - Due Diligence Vendor-04/08/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO score of 810 is higher than the minimum required score of 620

Months Reserves exceed minimum required - Verified assets of 821.92 months reserves exceed the minimum required of 3 months		     ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Purchase NA N/A N/A 1548112
278453     C B C B A A A A Closed FCRE8013 2024-04-02 14:16 2024-04-03 09:17 Waived 2 - Non-Material C B Credit Eligibility Purchase Contract Issue Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-04/03/2024
Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing sales contract addendum showing XXXXX as buyer.  - Due Diligence Vendor-04/02/2024		   Waived--Originator waiver applied to non-material finding. - Due Diligence Vendor-04/03/2024

 Months Reserves exceed minimum required - -4.12 months reserves; only 3 required

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 763 is higher than the minimum required score of 660		     ATR/QM: Exempt ATR/QM: Exempt XXXXX NY Investment Purchase NA Originator Post-Close No 1543897
278454     C A C A A A A A Closed FCRE8201 2024-04-02 17:50 2024-04-04 11:05 Resolved 1 - Information C A Credit Eligibility Loan does not conform to program guidelines Resolved--Upon further review, nothing additional required. - Due Diligence Vendor-04/04/2024
Open-Appraisal, Subject rear picture reflect solar panel. Title reflects obtain release and termination XXXXX . Seller settlement statement in file indicate  pay off XXXXX . Does not meet guideline as unable to confirm if property being purchased with the solar panel and property owner is the owner of the solar panel. Additional conditions may apply.  - Due Diligence Vendor-04/02/2024		   Resolved--Upon further review, nothing additional required. - Due Diligence Vendor-04/04/2024

 Months Reserves exceed minimum required - Months Reserves 6 exceed minimum required 3.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 787 is at least 20 points above minimum for program 660.		     ATR/QM: Exempt ATR/QM: Exempt XXXXX OK Investment Purchase NA N/A N/A 1544771
278455     D A D A A A A A Closed FCRE1728 2024-04-03 16:52 2024-04-05 10:00 Resolved 1 - Information D A Credit Missing Doc Missing rent comparable schedule form 1007 Resolved-Originator excluded rental income for the subject property. - Due Diligence Vendor-04/05/2024

Ready for Review-Document Uploaded.  - Seller-04/04/2024

Open-Provide 1007 to offset the payment. DTI would increase to 32% without offset of subject PITIA. - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded.  - Seller-04/04/2024

 Resolved-Originator excluded rental income for the subject property. - Due Diligence Vendor-04/05/2024

 Qualifying DTI below maximum allowed - DTI 8.69% is lower than allowable 49%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 741 is higher than the required 680		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA N/A N/A 1548172
278456     D B D B A A A A Closed FCRE1158 2024-04-03 15:47 2024-04-05 10:08 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is not partially provided - Due Diligence Vendor-04/05/2024

Ready for Review-Please see page 359 of the Loan Package, term of policy is from 03/29/2024 to 03/29/2025. - Seller-04/03/2024

Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided. Evidence of insurance is needed to show term of policy; binder does not show end date of policy. - Due Diligence Vendor-04/03/2024		 Ready for Review-Please see page 359 of the Loan Package, term of policy is from 03/29/2024 to 03/29/2025. - Seller-04/03/2024

 Resolved-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is not partially provided - Due Diligence Vendor-04/05/2024

 LTV is less than guideline maximum - 58.61% LTV is less than guideline maximum.

Months Reserves exceed minimum required - 14.38 months reserves exceed minimum required.		     ATR/QM: Exempt ATR/QM: Exempt XXXXX WA Investment Purchase NA N/A N/A 1547905
278456     D B D B A A A A Closed FCRE0045 2024-04-03 16:06 2024-04-05 10:06 Waived 2 - Non-Material C B Credit Eligibility Foreign National but ACH form is not in file Waived-Received exception approval for ACH. Finding is deemed non material. Originator waiver applied to non material findings. - Due Diligence Vendor-04/05/2024

Ready for Review-Document Uploaded. Please see attached rebuttal. - Seller-04/04/2024

Open-Foreign National but the ACH form is Missing from file.  - Due Diligence Vendor-04/03/2024		 Ready for Review-Document Uploaded. Please see attached rebuttal. - Seller-04/04/2024

 Waived-Received exception approval for ACH. Finding is deemed non material. Originator waiver applied to non material findings. - Due Diligence Vendor-04/05/2024

 LTV is less than guideline maximum - 58.61% LTV is less than guideline maximum.

Months Reserves exceed minimum required - 14.38 months reserves exceed minimum required.		 58.61% LTV < 70% maximum allowed
24.99% DTI < 49% maximum allowed.		 XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX WA Investment Purchase NA Originator Post-Close No 1547971
278457     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX GA Investment Refinance Cash Out - Other      
279174     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance Cash Out - Other      
279175     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX FL Investment Purchase NA      
279176     B B A A B B A A Closed FCOM1301 2024-04-03 06:30 2024-04-04 17:51 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non material findings.  - Due Diligence Vendor-04/03/2024   Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non material findings.  - Due Diligence Vendor-04/03/2024

 Months Reserves exceed minimum required - Qualifying Total Reserves Number of Months 12.96; Guideline Required Reserves - Number of Months 6



Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 738; Guideline Min FICO 660

     Non-QM: APOR Non-QM: APOR XXXXX OK Second Home Purchase NA Originator Post-Close No 1545433
279178     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX TX Investment Purchase NA      
279179     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX TX Primary Residence Purchase NA      
279180     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Refinance No Cash Out - Borrower Initiated      
279181     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX AZ Primary Residence Refinance Cash Out - Other      
279183     C A C A A A A A Closed FCRE1197 2024-04-04 15:52 2024-04-05 12:09 Resolved 1 - Information C A Credit Eligibility Audited FICO is less than Guideline FICO Resolved-Audited FICO of 689 is greater than or equal to Guideline FICO of 680 - Due Diligence Vendor-04/05/2024

Open-Audited FICO of 689 is less than Guideline FICO of 700 689 < 700 min required; Originator exception approval not provided. - Due Diligence Vendor-04/04/2024		   Resolved-Audited FICO of 689 is greater than or equal to Guideline FICO of 680 - Due Diligence Vendor-04/05/2024

 Months Reserves exceed minimum required - 261.19 months reserves exceed required 6 by 255.19 months.

Qualifying DTI below maximum allowed - DTI 30.74% is lower than allowable 50%		     Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX MI Primary Residence Purchase NA N/A N/A 1551539
279185     B B B B A A A A Closed FCRE1507 2024-04-04 08:16 2024-04-04 11:28 Waived 2 - Non-Material B B Credit QM-ATR Discrepancy between Originator QM Status and Final QM Status Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Safe Harbor (SH)'. Originator designated as Non-QM: Lender documented all ATR UW factors, however audit results in Safe Harbor. Originator waiver applied to non material finding - Due Diligence Vendor-04/04/2024   Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Safe Harbor (SH)'. Originator designated as Non-QM: Lender documented all ATR UW factors, however audit results in Safe Harbor. Originator waiver applied to non material finding - Due Diligence Vendor-04/04/2024

 LTV is less than guideline maximum - LTV 19.35% is lower than maximum 65%

Qualifying DTI below maximum allowed - DTI 11.50% is lower than allowable 49%		     Non-QM: Lender documented all ATR UW factors QM: Safe Harbor (SH) XXXXX CA Primary Residence Refinance Cash Out - Other Originator Post-Close No 1549312
279188     B B B B A A A A Closed FCRE1507 2024-04-04 09:38 2024-04-04 11:49 Waived 2 - Non-Material B B Credit QM-ATR Discrepancy between Originator QM Status and Final QM Status Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Rebuttable Presumption (APOR)'. Originator designated status as Non-QM Lender documented all ATR UW Factors, however, audit results in QM rebuttable Presumption (APOR). Originator waiver applied to non material finding. - Due Diligence Vendor-04/04/2024   Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Rebuttable Presumption (APOR)'. Originator designated status as Non-QM Lender documented all ATR UW Factors, however, audit results in QM rebuttable Presumption (APOR). Originator waiver applied to non material finding. - Due Diligence Vendor-04/04/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO score of 731 is higher than the minimum required score of 700

Qualifying DTI below maximum allowed - DTI of 43.87% is less than the maximum allowed per guidelines of 49%		     Non-QM: Lender documented all ATR UW factors QM: Rebuttable Presumption (APOR) XXXXX VA Primary Residence Refinance Cash Out - Other Originator Post-Close No 1549669
279232     D A D A A A A A Closed FCRE1964 2024-04-04 11:18 2024-04-08 10:35 Resolved 1 - Information D A Credit Missing Doc Missing income documentation Resolved-Taxes and insurance provided. - Due Diligence Vendor-04/08/2024

Ready for Review-Document Uploaded. Please see attached Revised 1003 and LOE for the property. - Seller-04/04/2024

Open-Missing taxes and insurance documents for rental property listed in 1003
 - Due Diligence Vendor-04/04/2024		 Ready for Review-Document Uploaded. Please see attached Revised 1003 and LOE for the property. - Seller-04/04/2024

 Resolved-Taxes and insurance provided. - Due Diligence Vendor-04/08/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO score of 752 is higher than the minimum required score of 640

LTV is less than guideline maximum - LTV of 70% is below the maximum of 80% allowed per guidelines.		   XXXXX Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA N/A N/A 1550201
279740     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
279741     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX NV Investment Purchase NA      
279742     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Refinance No Cash Out - Borrower Initiated      
279745     D A D A A A A A Closed FCRE7347 2024-04-04 13:51 2024-04-09 10:18 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-Lender used the Lower XXXXX  amount for qualification.  - Due Diligence Vendor-04/09/2024
Ready for Review-Document Uploaded. Please see attached revised 1008 and 1003 showing rent used as XXXXX. - Seller-04/08/2024
Open-Lease agreements for Units XXXXX  total XXXXX, but the XXXXX  is XXXXX. The auditor based on the XXXXX  is lower, but lenders use a worse case of XXXXX for a loss of XXXXX. Provide documentation that supports this. - Due Diligence Vendor-04/04/2024		 Ready for Review-Document Uploaded. Please see attached revised 1008 and 1003 showing rent used as $3,499. - Seller-04/08/2024

 Resolved-Lender used the Lower XXXXX amount for qualification.  - Due Diligence Vendor-04/09/2024
 Months Reserves exceed minimum required - 12.56 months reserves exceed required 6 by 6.56 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 724 is higher than the required 700		   XXXXX Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Refinance Cash Out - Other N/A N/A 1550900
279747     D B D B A A A A Closed FCRE1506 2024-04-04 16:13 2024-04-15 18:01 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/08/2024
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Provide the Mtg. statements for all the investment for XXXXX to confirm the taxes and insurance  - Due Diligence Vendor-04/04/2024		   Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/08/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 754 is higher than the required 640

Months Reserves exceed minimum required - 17.79 months reserves exceed required 6 by 11.79 months.		     Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA N/A N/A 1551611
279747     D B D B A A A A Closed FCRE0970 2024-04-04 15:19 2024-04-10 09:05 Waived 2 - Non-Material C B Credit Eligibility Appraisal has issues (credit) Waived--Client waiver applied to non-material finding. - Due Diligence Vendor-04/10/2024

Counter-Please provide a corrected Appraisal reflecting the correct number stories.  Finding remains. - Due Diligence Vendor-04/08/2024

Ready for Review-This is a General Description of 1 story vs Project Type of High Rise. - Seller-04/05/2024

Open-Appraisal is reporting only 1 story, but its a High rise with subject located on the 14th floor - Due Diligence Vendor-04/04/2024		 Ready for Review-This is a General Description of 1 story vs Project Type of High Rise. - Seller-04/05/2024

 Waived--Client waiver applied to non-material finding. - Due Diligence Vendor-04/10/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 754 is higher than the required 640

Months Reserves exceed minimum required - 17.79 months reserves exceed required 6 by 11.79 months.		     Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA Originator Post-Close No 1551380
279747     D B D B A A A A Closed FCRE7497 2024-04-04 15:42 2024-04-08 09:47 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-PITIA verification was located in the file - Due Diligence Vendor-04/08/2024
Open-Provide the Mtg. statements for all the investment for XXXXX  to confirm the taxes and insurance. DTI to be recalculated after received - Due Diligence Vendor-04/04/2024		   Resolved-PITIA verification was located in the file - Due Diligence Vendor-04/08/2024

 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 754 is higher than the required 640

Months Reserves exceed minimum required - 17.79 months reserves exceed required 6 by 11.79 months.		     Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA N/A N/A 1551483
280639     C A C A A A A A Closed FCRE1160 2024-04-05 07:40 2024-04-12 11:26 Resolved 1 - Information C A Credit Insurance Hazard Insurance Expiration Date is before the Note Date Resolved-Hazard Insurance Expiration Date of XXXXX  is after the Note Date of XXXXX  Or Hazard Insurance Expiration Date Is Not Provided - Due Diligence Vendor-04/12/2024
Ready for Review-Document Uploaded.  - Seller-04/11/2024
Open-Hazard Insurance Expiration Date of 0XXXXX  is prior to or equal to the Note Date of XXXXX HOI expiration date is same as effective date. - Due Diligence Vendor-04/05/2024		 Ready for Review-Document Uploaded.  - Seller-04/11/2024

 Resolved-Hazard Insurance Expiration Date of XXXXX is after the Note Date of XXXXX Or Hazard Insurance Expiration Date Is Not Provided - Due Diligence Vendor-04/12/2024
 Qualifying FICO score is at least 20 points above minimum for program - FICO score of 797 is higher than the minimum required score of 660

Months Reserves exceed minimum required - Verified assets of 34.15 months reserves exceed the minimum required of 9 months		   XXXXX ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA N/A N/A 1552909
280642     C B C B A A A A Closed FCRE1506 2024-04-05 14:13 2024-04-09 13:56 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-Lender provided lease agreement Status has been updated. - Due Diligence Vendor-04/09/2024

Ready for Review-Document Uploaded. Per 1008 DTI is 42.24% / 47.69%, please see attached. - Seller-04/08/2024

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI is 61.63% - Due Diligence Vendor-04/05/2024		 Ready for Review-Document Uploaded. Per 1008 DTI is 42.24% / 47.69%, please see attached. - Seller-04/08/2024

 Resolved-Lender provided lease agreement Status has been updated. - Due Diligence Vendor-04/09/2024

 Months Reserves exceed minimum required - Verified assets of 42.93 months reserves exceed the minimum required of 6 months

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 799 is higher than the minimum required score of 620		   XXXXX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX CA Primary Residence Purchase NA N/A N/A 1554915
280642     C B C B A A A A Closed FCRE1193 2024-04-05 13:10 2024-04-09 13:52 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-Lender provided Lease agreement - Due Diligence Vendor-04/09/2024
Ready for Review-Document Uploaded. Please note that the monthly rent for XXXXX  is $3063, please see attached rental least agreement.  - Seller-04/08/2024
Open-Audited DTI of 61.63% exceeds Guideline DTI of 49% Lender higher rent for XXXXX , lease has rent of $1600 per month and lender used $3063 - Due Diligence Vendor-04/05/2024		 Ready for Review-Document Uploaded. Please note that the monthly rent for XXXXX  is $3063, please see attached rental least agreement.  - Seller-04/08/2024
 Resolved-Lender provided Lease agreement - Due Diligence Vendor-04/09/2024

 Months Reserves exceed minimum required - Verified assets of 42.93 months reserves exceed the minimum required of 6 months

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 799 is higher than the minimum required score of 620		   XXXXX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX CA Primary Residence Purchase NA N/A N/A 1554600
280642     C B C B A A A A Closed FCRE1507 2024-04-05 13:16 2024-04-05 14:08 Waived 2 - Non-Material B B Credit QM-ATR Discrepancy between Originator QM Status and Final QM Status Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Safe Harbor (SH)'. The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' and audit results in QM: Safe Harbor . Originator waiver applied to non material finding - Due Diligence Vendor-04/05/2024   Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Safe Harbor (SH)'. The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' and audit results in QM: Safe Harbor . Originator waiver applied to non material finding - Due Diligence Vendor-04/05/2024

 Months Reserves exceed minimum required - Verified assets of 42.93 months reserves exceed the minimum required of 6 months

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 799 is higher than the minimum required score of 620		     Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors XXXXX CA Primary Residence Purchase NA Originator Post-Close No 1554623
280644     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Refinance Cash Out - Other      
280646     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXXX CA Investment Purchase NA      
280649     A A A A A A A A             A A                   Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Purchase NA      
281124     D A A A A A D A Closed FPRO1253 2024-04-07 20:34 2024-04-09 13:16 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Loan file contains a field review, supporting the appraised value.  Meets guidelines. - Due Diligence Vendor-04/09/2024

Ready for Review-Document Uploaded. Please see rebuttal attached. - Seller-04/09/2024

Open-Missing second full appraisal as required per guidelines for loans over $2M. - Due Diligence Vendor-04/08/2024		 Ready for Review-Document Uploaded. Please see rebuttal attached. - Seller-04/09/2024

 Resolved-Loan file contains a field review, supporting the appraised value.  Meets guidelines. - Due Diligence Vendor-04/09/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO score of 753 is higher than the minimum required score of 660

LTV is less than guideline maximum - LTV of 37.68% is below the maximum of 65% allowed per guidelines.		   XXXXX Non-QM: APOR Non-QM: APOR XXXXX CA Primary Residence Refinance Cash Out - Other N/A N/A 1557144
281633     B B B B A A A A Closed FCRE1507 2024-04-09 12:03 2024-04-09 13:28 Waived 2 - Non-Material B B Credit QM-ATR Discrepancy between Originator QM Status and Final QM Status Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Rebuttable Presumption (APOR)'. Originator designated 'Non-QM: Lender documented all ATR UW factors and audit results in QM: Rebuttable Presumption . Originator waiver applied to non material finding - Due Diligence Vendor-04/09/2024   Waived-The Originator QM Status of 'Non-QM: Lender documented all ATR UW factors' is not the same as the Final QM Status of 'QM: Rebuttable Presumption (APOR)'. Originator designated 'Non-QM: Lender documented all ATR UW factors and audit results in QM: Rebuttable Presumption . Originator waiver applied to non material finding - Due Diligence Vendor-04/09/2024

 Months Reserves exceed minimum required - Verified assets of 35.15 months reserves exceed the minimum required of 6 months

Qualifying DTI below maximum allowed - DTI of 37.32% is less than the maximum allowed per guidelines of 49%		     Non-QM: Lender documented all ATR UW factors QM: Rebuttable Presumption (APOR) XXXXX CA Primary Residence Refinance Cash Out - Other Originator Post-Close No 1562793
281641     C A C A A A A A Closed FCRE5778 2024-04-19 12:01 2024-04-25 11:44 Resolved 1 - Information C A Credit Eligibility Borrower 1 Credit Report is Expired Resolved--Upon further review, credit report is < 90 days old. - Due Diligence Vendor-04/25/2024

Open-Borrower 1 Credit Report is Expired (Greater than 120 days from the Closing Date). - Due Diligence Vendor-04/19/2024		   Resolved--Upon further review, credit report is < 90 days old. - Due Diligence Vendor-04/25/2024

 Qualifying FICO score is at least 20 points above minimum for program - FICO score of 785 is higher than the minimum required score of 660

Months Reserves exceed minimum required - Verified assets of 18.8 months reserves exceed the minimum required of 6 months		     QM: Safe Harbor (SH) QM: Safe Harbor (SH) XXXXX CA Primary Residence Purchase NA N/A N/A 1599657