Exhibit 99.50
| Client Name: | Angel Oak | |||
| Client Project Name: | AOMT 2023-1 | |||
| Start - End Dates: | 4/9/2019 | |||
| Deal Loan Count: | 1 | |||
| Conditions Report 2.0 | ||||
| Loans in Report: | 1 | |||
| Loans with Conditions: | 1 | |||
| Loan Number | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | ConditionSub Category | Condition Status | Initial Securitization Condition Grade | Final Securitization Condition Grade | Initial S&P Condition Grade | Final S&P Condition Grade | Condition Code | Condition Description | Condition Material Indicator | Initial Comments | Client/Seller Response Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors |
| 2023010113 | XXX | XXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | D | A | B | B | D | B | D | B | D | A | B | B | Compliance | RESPA | Active | B | B | B | B | CMPRESPA2704 | RESPA - List of homeowners counseling organizations not compliant | No | List of homeowners counseling organizations not compliant due to only borrower's acknowledgment in file but actual list of XX organizations missing. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFSXXX: Verified cash reserves exceed guidelines - XXX Comments: Post Close Reserves $XX,XXX.XX or X.XX months. X months reserves required ($X,XXX.XX x X = $XX,XXX.XX) Remaining $XX,XXX.XX. CFCFSXXX: Credit score exceeds guidelines - XXX Comments: Credit Score XXX exceeds guidelines XXX. |
| 2023010113 | XXX | XXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | D | A | B | B | D | B | D | B | D | A | B | B | Compliance | TILA/RESPA Integrated Disclosure | Active | B | B | B | B | CMPTRID4287 | TRID - CD: The difference between the Sale Price and Loan Amount from the Summaries of Transaction section does not equal the Down Payment/Funds from Borrower in the Calculating Cash to Close section | No | CD: XX/XX/XXX-X [Last CD] - The difference of $XX,XXX.XX between the Sale Price and Loan Amount from the Summaries of Transaction section does not equal the Down Payment/Funds from Borrower amount of $XXX.XX in the Calculating Cash to Close section. | XX/XX/XXX Lender provided LOX why Funds from borrower increased. However, personal payoff should be included on CCTC table in Adjustment section and not in Funds from borrower section. Condition pending receiving corrected Post CD, LOX and proof of delivery to borrower. Exception remains. | (No Data) | Numeric | Not Applicable | CFCFSXXX: Verified cash reserves exceed guidelines - XXX Comments: Post Close Reserves $XX,XXX.XX or X.XX months. X months reserves required ($X,XXX.XX x X = $XX,XXX.XX) Remaining $XX,XXX.XX. CFCFSXXX: Credit score exceeds guidelines - XXX Comments: Credit Score XXX exceeds guidelines XXX. |
| 2023010113 | XXX | XXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | D | A | B | B | D | B | D | B | D | A | B | B | Compliance | TILA/RESPA Integrated Disclosure | Active | B | B | B | B | CMPTRID4463 | TRID - Assumption selection on the CD does not match the clause in the mortgage. | No | Assumption selection on the CD does not match the clause in the mortgage. Per ARM Rider loan is assumable upon approval after initial fixed period. | (No Data) | (No Data) | Non-Numeric | Not Applicable | CFCFSXXX: Verified cash reserves exceed guidelines - XXX Comments: Post Close Reserves $XX,XXX.XX or X.XX months. X months reserves required ($X,XXX.XX x X = $XX,XXX.XX) Remaining $XX,XXX.XX. CFCFSXXX: Credit score exceeds guidelines - XXX Comments: Credit Score XXX exceeds guidelines XXX. |
| 2023010113 | XXX | XXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | D | A | B | B | D | B | D | B | D | A | B | B | Credit | Assets | Waived | D | B | D | B | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | Source of funds to close and cash reserves are coming from business bank account. LOE and articles of organization in file show borrower is a co-owner only. Per guidelines:Funds from the Borrowers business checking and savings accounts may be used for down payment, closing costs and reserves if: The borrower is the sole proprietor or XXX% owner of the business (A business not owned solely by the Borrower may be considered on a case-by-case basis.) No lender exception in file. | X/XX/XXX - Lender provided LOE from XXX stating Co-Owner of company and is allowed access to business funds. Per guidelines, Borrower is not XXX% owner and must be granted on a case by case basis and no CRE exception in file. Exception remains.X/XX/XXX- Client provided approved exception request as not meeting the XXX% access when not XXX% owner of the business. | X/XX/XXX- Upon further review by Senior Underwriter, exception deemed Non-Material due to X.XX months of PITIA reserves, residual income of $X,XXX.XX and mortgage payment history is X x XX @ XX months. XXX final grade B. | (No Data) | Not Applicable | CFCFSXXX: Verified cash reserves exceed guidelines - XXX Comments: Post Close Reserves $XX,XXX.XX or X.XX months. X months reserves required ($X,XXX.XX x X = $XX,XXX.XX) Remaining $XX,XXX.XX. CFCFSXXX: Credit score exceeds guidelines - XXX Comments: Credit Score XXX exceeds guidelines XXX. |
| 2023010113 | XXX | XXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | D | A | B | B | D | B | D | B | D | A | B | B | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing secondary valuation for securitization supporting appraised value of $XXX,XXX | X.XX.XX Clear Capital Desk Review received valued at $XXX,XXX dated X.XX.XX, value supported. | X.XX.XX Exception Satisfied. | (No Data) | Not Applicable | CFCFSXXX: Verified cash reserves exceed guidelines - XXX Comments: Post Close Reserves $XX,XXX.XX or X.XX months. X months reserves required ($X,XXX.XX x X = $XX,XXX.XX) Remaining $XX,XXX.XX. CFCFSXXX: Credit score exceeds guidelines - XXX Comments: Credit Score XXX exceeds guidelines XXX. |