EX-99.7 32 exhibit997-2.htm EXHIBIT 99.7, SCHEDULE 2 - EXCEPTION REPORT

Unique Loan ID
Overall Event
Final Credit Event
Credit Exceptions
Credit Comments
Compliance Event
Compliance Exceptions
Compliance Comments
Eligible For Predatory Testing - Unable to Test
Compliance Comp Factors
Purpose at origination
Occupancy at origination
LTV Original (Calculated)
LTV Combined Orig (Calculated)
Debt (Back) Ratio From 1008
14850024
3
3
[3]   Missing Initial Application
 
  
2
[2]   Initial GFE Missing
[2]   Initial TIL Missing
 
      
Cashout Refi
Owner Occ
52.32
52.32
31.75
14850025
3
3
[3]   Missing Initial Application
 
  
2
[2]   Initial TIL Missing
 
      
Cashout Refi
Owner Occ
89
89
29.54
14850027
3
3
[3]   Final Application Missing
[3]   Missing Initial Application
 
  
3
[3]   State Late Charge Not Standard
[2]   State - Missing Borrower Interest Worksheet
[2]   Initial TIL Missing
 
Late charge fee of 5% exceeds the max allowed of 3% for the state of Massachusetts.
 
    
Cashout Refi
Owner Occ
44.33
44.33
31.4
14850028
3
3
[3]   Final Application Missing
 
  
1
        
Rate/Term Refi
Owner Occ
68.83
90.08
35
14850036
3
3
[3]   Credit Report Missing
[3]   Missing Initial Application
 
  
2
[2]   Credit Score Disclosure Not Present
[2]   State - Missing Anti-Coercion Notice
[2]   State - Missing Disclosure of Terms of Mortgage Application
[2]   State - Missing Rate Lock Disclosure
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   State - Missing Oral Agreement Notice
[2]   Initial GFE Missing
[2]   Initial TIL Missing
 
      
Rate/Term Refi
Owner Occ
96.43
96.43
69
14850033
3
3
[3]   Mortgage/DOT Incomplete
[3]   Missing Initial Application
[3]   Credit Report Incomplete
[2]   Manufactured (Double-Wide)
 
Credit report is incomplete because it does not give the Borrower's credit scores.
The Mortgage is incomplete due to missing notary date.
 
2
[2]   Credit Score Disclosure Not Present
[2]   Affiliated Business Doc Missing
[2]   State - Missing Interest rate Lock/Float Disclosure
[2]   State - Missing Consumer Finance Licensee Statement of Loan Disclosure
[2]   State - Missing Choice of Insurance Disclsoure
[2]   State - Missing Non-Refundable Fee Disclosure
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   State - Missing Prepayment Penalty Notice or Notice to Refuse Payment on the Note
[2]   State - Missing Security Protection Provision Statement
[2]   State - Missing Notice Pursuant To ORS 746.201 (Force-Placed Insurance Notice)
[2]   State - Missing Escrow Agent Notice
[2]   Initial TIL Missing
 
      
Cashout Refi
Owner Occ
62.93
62.93
  
14850034
3
3
[3]   Credit Report Missing
[3]   Missing Initial Application
 
  
2
[2]   Credit Score Disclosure Not Present
[2]   Affiliated Business Doc Missing
[2]   State - Missing Commitment Letter
[2]   State - Missing Disclosure of Terms of Mortgage Application
[2]   State - Missing Lock In Disclosure
[2]   State - Missing Virginia Insurance Disclosure
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   State - Missing Appraisal Notice
[2]   Initial TIL Missing
 
      
Cashout Refi
Owner Occ
71.26
71.26
63
14850029
3
3
[3]   Appraisal Missing
[3]   Final Application Missing
[3]   Credit Report Missing
[3]   Mortgage Missing
[3]   Missing Title Evidence
[3]   Missing Initial Application
 
  
3
[3]   ROR Missing
[2]   Credit Score Disclosure Not Present
[2]   State - Missing Interest rate Lock/Float Disclosure
[2]   State - Missing Choice of Insurance Disclsoure
[2]   State - Missing Escrow Agent Notice
[2]   Initial GFE Missing
[2]   Initial TIL Missing
 
    
ROR - 3yrs for rescindable transactions. The loan is outside the SOL.
 
 
Cashout Refi
Owner Occ
80
100
  
14850030
3
3
[3]   Final Application Missing
[3]   Missing Initial Application
 
  
2
[2]   Affiliated Business Doc Missing
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   Initial GFE Missing
[2]   Initial TIL Missing
 
      
Cashout Refi
Owner Occ
78.15
78.15
49.958
14850031
3
3
[3]   Appraisal Missing
[3]   Final Application Missing
 
  
2
[2]   Affiliated Business Doc Missing
[2]   State - Missing Right to Choose Insurance Provider
[2]   State - Missing Affidavit of Affixation (of manufactured home)
[2]   State - Missing Rate Lock
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   State - Missing Documentation of Fees paid to Third Parties
[2]   State - Missing Licensee Name Number and NMLS Unique Identifier on the application
 
      
Cashout Refi
Owner Occ
95
95
41.09
14850041
3
3
[3]   Credit Report Missing
 
  
2
[2]   Credit Score Disclosure Not Present
[2]   Affiliated Business Doc Missing
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   State - Missing Tangible Net Benefit Disclosure
[2]   Initial TIL Missing
 
      
Rate/Term Refi
Owner Occ
95.75
95.75
  
14850038
3
3
[3]   Missing Initial Application
[2]   Manufactured (Double-Wide)
 
  
2
[2]   State - Missing Agency to Receive Borrower Complaints
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   State - Missing Notice to Cosigner
[2]   State - Missing Manufactured Home Disclosures (RESPA/TILA) Disclosures
 
      
Cashout Refi
Owner Occ
90
90
  
14850035
2
1
    
2
[2]   State - Missing Authorization to Complete Blank Spaces
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   Initial GFE Missing
 
      
Cashout Refi
Owner Occ
98.76
98.76
  
14850032
3
3
[3]   Missing Initial Application
 
  
2
[1]   Missing HELOC fee disclosures required under TILA. Unable to validate compliance with TILA HELOC Account-opening disclosure requirements.
[2]   Affiliated Business Doc Missing
[2]   State - Missing Anti-Coercion Notice
[2]   State - Missing Choice of Attorney disclosure
[2]   State - Missing Amortization Information Disclosure
[2]   State - Missing Fee Information From Your Mortgage Broker For Your Mortgage Loan
 
      
HELOC
Owner Occ
61.11
61.11
58
14850040
3
3
[3]   Credit Report Missing
[3]   Missing Initial Application
 
  
2
[2]   Credit Score Disclosure Not Present
[2]   State - Missing Anti-Coercion Notice
[2]   State - Missing Disclosure of Terms of Mortgage Application
[2]   State - Missing Rate Lock Disclosure
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   State - Missing NMLS Unique Identifier # and WA CLA mortgage loan originator’s license number on the application
[2]   State - Missing Oral Agreement Notice
[2]   Initial TIL Missing
 
      
Cashout Refi
Owner Occ
87.8
87.8
46
14850046
3
3
[3]   MI Missing
[3]   Initial Application Unsigned
 
Case Query results provided do not indicate UFMIP was paid, FHA loan, missing MIC. 
 
2
[2]   Affiliated Business Doc Missing
[2]   State - Missing Acknowledgment of Receipt of Home Mortgage Loan Informational Document / Attorney General Information Statement
[2]   State - Missing Mortgage Loan Origination Dislcosure
[2]   State - Missing Anti-Discrimination Notice
[2]   State - Missing Attorney General Information Statement
[2]   State - Missing High Loan to Value Disclosure in the Mortgage Loan Disclosure Statement
[2]   State - Missing Statutory Authority Disclosure
[2]   State - Missing Notice of Escrow of Taxes and Regular Monthly Payment
[2]   State - Missing Closing Statement / Closing Disclosure
[2]   State - Missing Nature of Relationship and Notice to Borrower in the Mortgage Loan Originator Disclosure / Addendum to GFE
 
      
Purchase
Owner Occ
97
97
26.64
14850045
3
3
[3]   Credit Report Missing
[3]   Initial Application Unsigned
 
  
2
[2]   Affiliated Business Doc Missing
[2]   State - Missing Notice to Mortgage Applicants / Legal Representation Notice
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   Initial GFE Missing
[2]   Initial TIL Missing
 
      
Rate/Term Refi
Owner Occ
97.54
97.54
46.04
14851245
1
1
    
1
        
Rate/Term Refi
Owner Occ
82.67
82.67
  
14850004
3
3
[3]   Final Application Missing
 
  
2
[2]   State - Missing Interest Rate Disclsoure
[2]   Missing Initial Application
[2]   State - Missing Acknowledgment of Receipt of Disclosure Regarding ARM Loan Without Prepayment
[2]   State - Missing Appraisal and Consumer Report Notice
 
      
Cashout Refi
Owner Occ
24.6
24.6
30.89
14850005
3
3
[3]   Credit Report Missing
[2]   Combined Orig LTV >100%
 
  
2
[2]   State - Missing Notice to Purchaser-Mortgagor
[2]   State - Missing Broker Agreement
 
      
Purchase
Owner Occ
88.98
110.17
  
14850008
2
1
    
2
[2]   Missing Initial Application
[2]   State - Missing Affidavit of Borrower Under Residential Mortgage Act
[2]   State - Missing GA Foreclosure Disclosure / Notice Pursuant To O.C.G.A. Section 7-1
[2]   State - Missing Right to Select Attorney Disclosure
[2]   Initial GFE Missing
[2]   Initial TIL Missing
 
      
Purchase
Owner Occ
97
97
43
14850015
3
3
[3]   Final Application Missing
[3]   Credit Report Missing
 
  
2
[2]   Missing Initial Application
[2]   Initial GFE Missing
[2]   Initial TIL Missing
 
      
Cashout Refi
Owner Occ
80
80
32
14850043
3
3
[3]   Final Application Missing
[3]   Appraisal Incomplete
 
Appraisal incomplete due to missing recertification of value. Appraisal report dated 4/xx/2003, loan originated 9/xx/2003.
 
2
[2]   Initial TIL Date not within 3 days of Initial Application Date
[2]   Initial GFE Date not within 3 days of Initial Application Date
[2]   Affiliated Business Doc Missing
[2]   Missing Initial Application
[2]   State - Missing Net Tangible Benefit Worksheet
 
      
Cashout Refi
Owner Occ
45.17
45.17
45.136
14850002
3
1
    
3
[3]   GS APR Over Disclosed More Than .125%
[2]   Affiliated Business Doc Missing
 
APR is over disclosed by .6027 which exceeds the .125 tolerance.
 
    
Purchase
Owner Occ
95
95
41.88
14850000
3
3
[3]   Final Application Missing
 
  
2
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   Initial GFE Date not within 3 days of Initial Application Date
[2]   Affiliated Business Doc Missing
[2]   State - Missing Borrower Information Document
[2]   Initial TIL Missing
 
      
Cashout Refi
Owner Occ
70
70
7.66
14850001
3
3
[3]   Appraisal Missing
[2]   Manufactured (Double-Wide)
[2]   Flood Insurance Cert Missing
 
  
2
[2]   HMDA-reportable rate spread (1/1/04-10/1/09)
[2]   Missing Initial Application
 
      
Cashout Refi
Owner Occ
89.74
89.74
  
14850002
2
1
    
2
[2]   Initial GFE Missing
[2]   Initial TIL Missing
 
      
Rate/Term Refi
Owner Occ
80
100
37.67