Presale: CLIP 2026-NQM2 Trust

Preliminary ratings Class Preliminary rating(i) Initial interest rate(ii) Preliminary amount ($) Credit enhancement (%)(iii) Class type A-1FCF AAA (sf) Fixed(iv) 104,794,000(v) 20.00 Senior/sequential/initial exchangeable A-1LCF AAA (sf) Fixed(iv) 34,931,000(v) 20.00 Senior/sequential/initial exchangeable A-1A AAA (sf) Fixed(iv) 122,259,000(v) 30.00 Senior/pro rata A-1B AAA (sf) Fixed(iv) 17,466,000(v) 20.00 Senior/pro rata A-1 AAA (sf) Fixed(vi) 139,725,000 20.00 Senior/sequential /exchangeable A-2 AA (sf) Fixed(iv) 20,434,000 14.15 Senior/sequential A-3 A (sf) Fixed(iv) 15,894,000 9.60 Senior/sequential M-1 BBB (sf) Net WAC 13,623,000 5.70 Mezzanine/sequential B-1 BB (sf) Net WAC(vii) 10,654,000 2.65 Subordinate/sequential B-2 B (sf) Net WAC(vii) 6,463,000 0.80 Subordinate/sequential B-3 NR Net WAC(viii) 2,794,515 0.00 Subordinate/sequential XS NR (ix) Notional(x) N/A Monthly excess cash flow, prepayment charges, and default interest A-IO-S NR (xi) Notional(x) N/A

...Class Preliminary rating(i) Initial interest rate(ii) Preliminary amount ($) Credit enhancement (%)(iii) Class type A1FCF ### (sf) Fixed(iv) 104,794,000(v) 20.00 Senior/sequential/initial exchangeable A1LCF ### (sf) Fixed(iv) 34,931,000(v) 20.00 Senior/sequential/initial exchangeable A1A ### (sf) Fixed(iv) 122,259,000(v) 30.00 Senior/pro rata A1B ### (sf) Fixed(iv) 17,466,000(v) 20.00 Senior/pro rata A1 ### (sf) Fixed(vi) 139,725,000 20.00 Senior/sequential /exchangeable A2 ## (sf) Fixed(iv) 20,434,000 14.15 Senior/sequential A3 A (sf) Fixed(iv) 15,894,000 9.60 Senior/sequential M1 ### (sf) Net WAC 13,623,000 5.70 Mezzanine/sequential B1 ## (sf) Net WAC(vii) 10,654,000 2.65 Subordinate/sequential B2 B (sf) Net WAC(vii) 6,463,000 0.80 Subordinate/sequential B3 ## Net WAC(viii) 2,794,515 0.00 Subordinate/sequential XS ## (ix) Notional(x) N/A Monthly excess cash flow, prepayment charges, and default interest AIOS ## (xi) Notional(x) N/A Excess servicing strip R certificates ## N/A N/A N/A...

Presale Report