EXHIBIT 99.15
| Dummy ID | Loan Number 1 | Loan Number 2 | Borrower Last Name | Property State | Note Date | Loan Purpose | TPR QM ATR Status | Initial Overall Loan Grade | Final Overall Loan Grade | Exception Category | Exception Subcategory | Exception Code | Final Exception Status | Initial Exception Grade | Final Exception Grade | Exception | Exception Detail | Follow-up Comments (Exception Response) | Exception Conclusion Comments | Compensating Factors | Curable Status | Loan Status | Review Date | Cleared Date | Cured Date | Exception Date |
| 5OZZSWY31VD | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 3 | 2 | Compliance | Compliance | 5OZZSWY31VD-L5G0OVLJ | Resolved | 3 | R | * Missing Initial Closing Disclosure (Lvl R) | Missing initial loan estimate. Require initial loan estimate. Received initial LE dated 06/01/2022 |
Received initial LE dated 06/01/2022 | Received initial LE dated 06/01/2022 | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 12/07/2022 | |||
| 5OZZSWY31VD | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 3 | 2 | Compliance | Compliance | 5OZZSWY31VD-T6JX6WMZ | Resolved | 3 | R | * Closing_Disclosure violations (Lvl R) | As per Final CD closing date is xx, disbursement date is xx and borrower signed on xx. Require PC CD with corrected disbursement date. Received PC CD with corrected disbursement date. |
Received PC CD with corrected disbursement date. | Received PC CD with corrected disbursement date. | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 07/21/2022 | |||
| 5OZZSWY31VD | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 3 | 2 | Credit | Guidelines | 5OZZSWY31VD-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | As per given Non Qm Exception Form Exception Request: Exception to proceed with deed Restricted Property. The Deed restriction is due to an age Requirement of the Community. Exception approval with compensating factor Housing Expense - Housing Expense - 25% Excellent Credit History - 0*30*24 |
Housing Expense - Housing Expense - 25% Excellent Credit History - 0*30*24 |
QC Complete | 12/07/2022 | 07/21/2022 | ||||||
| 5OZZSWY31VD | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 3 | 2 | Compliance | Compliance | 5OZZSWY31VD-DK9NVDYI | Resolved | 2 | R | * Higher-Priced Mortgage Loan test Fail (Lvl R) | This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test FAIL : Charged 6.901% Allowed 6.680% Over by +0.221% Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). |
Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 08/02/2022 | |||
| J03FKQLX4UX | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Guidelines | J03FKQLX4UX-28GAQH2C | Resolved | 3 | R | * Income documentation does not meet guidelines (Lvl R) | Original income calculation included bank statement from June 2021 till May 2022. Bank #xx statement for the month of May 2022 is missing in the loan file. Require bank #xx statement for the month of May 2022. Received bank account #xx transaction history for the month of May 2022 |
Received bank account #xx transaction history for the month of May 2022 | Received bank account #xx transaction history for the month of May 2022 | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 07/21/2022 | |||
| J03FKQLX4UX | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 3 | 1 | Compliance | Compliance | J03FKQLX4UX-DK9NVDYI | Resolved | 2 | R | * Higher-Priced Mortgage Loan test Fail (Lvl R) | This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test: Charged 6.818% Allowed 6.660% Over by +0.158% Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). |
Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 12/07/2022 | |||
| J03FKQLX4UX | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 3 | 1 | Compliance | Compliance | J03FKQLX4UX-HJ060Q28 | Resolved | 2 | R | * Higher Price Mortgage Loan (Lvl R) | This loan failed the CA AB 260 higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the California Financial Code. While the California Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. CA AB 260 Higher-Priced Mortgage Loan Test: Charged 6.818% Allowed 6.660% Over by +0.158% Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a). |
Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a). | Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a). | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 07/21/2022 | |||
| BQBTL3NTTWW | xx | xx | xx | xx | Purchase | Not Covered/Exempt | 2 | 2 | Credit | Guidelines | BQBTL3NTTWW-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Loan file does not meet guide requirement. Guide requires that, borrower must own a primary residence and, at least one (1) trade line must be a primary residential mortgage reporting for a minimum of twelve (12) months. Exception approval with compensating factor High Credit Score - 746 High Asset Reserves - 38.36 months |
High Credit Score - 746 High Asset Reserves - 38.36 months |
QC Complete | 12/07/2022 | 07/11/2022 | ||||||
| WRAWOUJTAEU | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 3 | 1 | Valuation | Valuation | WRAWOUJTAEU-ZI5GG5MN | Resolved | 3 | R | * Automated Appraisal Review Missing (Lvl R) | Loan amount id greater than $1.5 MM. Require 2nd full appraisal to support original stated value. Received 2nd full appraisal with valuation of xx |
Received 2nd full appraisal with valuation of xx | Received 2nd full appraisal with valuation of xx | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 07/18/2022 | |||
| FO3OXK1BR02 | xx | xx | xx | xx | Cash Out | Non-QM/Compliant | 3 | 2 | Compliance | Compliance | FO3OXK1BR02-DK9NVDYI | Resolved | 2 | R | * Higher-Priced Mortgage Loan test Fail (Lvl R) | This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test Fail : Charged 7.373% Allowed 6.810% Over by +0.563%. Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). |
Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 08/04/2022 | |||
| FO3OXK1BR02 | xx | xx | xx | xx | Cash Out | Non-QM/Compliant | 3 | 2 | Credit | Credit | FO3OXK1BR02-U0OKEMMW | Waived | 3 | W | * Required Documentation Missing or Incomplete (Lvl W) | Loan file is missing residential pay history for the most recent 12 months. Require residential pay history for recent 12 months. Exception approval with compensating factor High Credit Score - 792 Low DTI Ratio - 1% LTV% less than 70% - xx High Residual Income - $400K/month |
High Credit Score - 792 Low DTI Ratio - 1% LTV% less than 70% - xx High Residual Income - $400K/month |
QC Complete | 12/07/2022 | 08/04/2022 | ||||||
| XFVJSYJC40G | xx | xx | xx | xx | Cash Out | Non-QM/Compliant | 2 | 1 | Compliance | Compliance | XFVJSYJC40G-HJ060Q28 | Resolved | 2 | R | * Higher Price Mortgage Loan (Lvl R) | This loan failed the CA AB 260 higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the California Financial Code. While the California Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. CA AB 260 Higher-Priced Mortgage Loan Test: Charged 7.461% Allowed 7.380% Over by +0.081% Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a). |
Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a). | Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a). | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 07/21/2022 | |||
| XFVJSYJC40G | xx | xx | xx | xx | Cash Out | Non-QM/Compliant | 2 | 1 | Compliance | Compliance | XFVJSYJC40G-DK9NVDYI | Resolved | 2 | R | * Higher-Priced Mortgage Loan test Fail (Lvl R) | This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-price mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test Fail: Charged 7.461% Allowed 7.380% Over by +0.081% Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). |
Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 12/07/2022 | |||
| TA2ZZLB5DWC | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 4 | 2 | Valuation | Valuation | TA2ZZLB5DWC-ZI5GG5MN | Resolved | 3 | R | * Automated Appraisal Review Missing (Lvl R) | Original loan amount is more than $1.5 MM. Loan file require a 2nd full appraisal to support the original stated value. Received 2nd full appraisal |
Received 2nd full appraisal | Received 2nd full appraisal | QC Complete | 07/27/2022 | 07/28/2022 | 07/28/2022 | 07/26/2022 | |||
| TA2ZZLB5DWC | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 4 | 2 | Credit | TA2ZZLB5DWC-4ZA4ZEZQ | Waived | 4 | W | * DTI > 50% (Lvl W) | Loan file is submitted with DTI of more than 50%. Loan file is missing final settlement/HUD/closing statement for current primary residence located xx. The DTI exceeds maximum allowed per the lending guide. Require settlement/HUD/closing statement for property located at xx. Exception approval with compensating factor High Credit Score - 787 High Asset Reserves - 32.99 months High Residual Income - $27,953.92 |
High Credit Score - 787 High Asset Reserves - 32.99 months High Residual Income - $27,953.92 |
QC Complete | 07/27/2022 | 07/26/2022 | |||||||
| W30QZDEEA15 | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | W30QZDEEA15-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | As per lending guide "Management VOR" is needed when borrower lives on rent however in the loan file we have received VOR from private individual along with receipts as borrower is making payment in cash, for the same we have received exception approval form. Exception approval with compensating factor Low DTI Ratio - 32.54% Residual Income - Residual Income - 400% more than guide requirement Excellent Credit History - 0*30*24 |
Low DTI Ratio - 32.54% Residual Income - Residual Income - 400% more than guide requirement Excellent Credit History - 0*30*24 |
QC Complete | 12/07/2022 | 07/18/2022 | ||||||
| W30QZDEEA15 | xx | xx | xx | xx | Purchase | Non-QM/Compliant | 2 | 2 | Compliance | Compliance | W30QZDEEA15-DK9NVDYI | Resolved | 2 | R | * Higher-Priced Mortgage Loan test Fail (Lvl R) | This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test Fail: Charged 8.903% Allowed 6.680% Over by +2.223%. Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). |
Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). | QC Complete | 12/07/2022 | 12/07/2022 | 12/07/2022 | 08/02/2022 | |||
| 2RI4ASD2UIU | xx | xx | xx | xx | Purchase | Not Covered/Exempt | 2 | 2 | Credit | Guidelines | 2RI4ASD2UIU-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Loan file does not meet guide requirement. Guide restricts business ownership at 100% for using business assets. Borrower ownership is at 50%. Exception approval with compensating factor High Credit Score - 754 High Residual Income - $24,064.00 Length of Time at Employment - Self employed since 2008 |
High Credit Score - 754 High Residual Income - $24,064.00 Length of Time at Employment - Self employed since 2008 |
QC Complete | 08/04/2022 | 08/04/2022 | ||||||
| ZEONKK0GM2M | xx | xx | xx | xx | Purchase | Not Covered/Exempt | 2 | 2 | Credit | Guidelines | ZEONKK0GM2M-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Loan file does not meet guide requirement. Guide requires at least one (1) trade line must be a primary residential mortgage reporting for a minimum of twelve (12) months. Loan file reflects borrower is a tenant for his/her primary residence. Exception approval with compensating factor Excellent Credit History - 0*30*24 High Asset Reserves - 12 months |
Excellent Credit History - 0*30*24 High Asset Reserves - 12 months |
QC Complete | 07/29/2022 | 07/28/2022 | ||||||
| GLWQJ0NJ0TI | xx | xx | xx | xx | Purchase | Not Covered/Exempt | 4 | 2 | Credit | Guidelines | GLWQJ0NJ0TI-J587LE2V | Waived | 4 | W | * Loan does not conform to program guidelines (Lvl W) | Loan file does not meet the guide requirement. Guide restricts a minimum loan amount of $150,000 and housing history to reflect for at least 12 months. Exception approval with compensating factor Excellent Credit History - 0*30*24 High Asset Reserves - 9 months of PITIA |
Excellent Credit History - 0*30*24 High Asset Reserves - 9 months of PITIA |
QC Complete | 12/07/2022 | 08/09/2022 |