Angel Oak Mortgage Trust 2024-4 ABS-15G

Exhibit 99.30

Exception Level

Run Date - 3/1/2024

Recovco Loan ID

Loan # 1

Loan # 2

Loan # 3

Exception Category

Exception Sub-Category

Exception Status

Exception Grade

Loan Exception ID

Exception

Exception Detail

Exception Information

Compensating Factors

Seller Comments

Reviewer Comments

Exception Remediation

XXX

2024040019

Credit

Credit

Resolved

Resolved

XXX

Guidelines

* Missing Documentation (Lvl R)

The subject loan does not meet the maximum payment shock of XXX. The monthly mortgage payment on the borrower’s XXX at XXX, XXX, XXX per the credit report p.785 and it in unknown if the XXX  payment includes XXX. The monthly mortgage payment on the subject new primary home is XXX. The increase in the payment from the previous and subject results in a payment shock of XXX  which exceeds the maximum per the XXX  Matrix.

XXX  Client provided documentation supporting the total PITI of the previous payment reducing the payment shock to XXX  which is below the max XXX  tolerance.

XXX  Issue resolved, client provided documentation verifying the prior payment used in the initial calculation did not include the monthly XXX  (XXX) or Taxes (XXX) the inclusion of the additional fees results in a payment shock of XXX  max tolerance is XXX. XXX  Remains. An exception was received for the payment shock over the XXX  maximum for the program and identified the payment shock as XXX. The actual payment shock is XXX  as the payment is going from XXX to XXX. The exception does not cover the actual percentage of increase the borrower will be experiencing. Limited compensating factors were listed. The assets are XXX  months in reserves as required by the program, limited high credit usage, the DTI is XXX  vs XXX, business bank statements with XXX  month and residual of XXX, LTV is XXX  vs XXX.

XXX  Issue resolved, client provided documentation verifying the prior payment used in the initial calculation did not include the monthly XXX  (XXX) or Taxes (XXX) the inclusion of the additional fees results in a payment shock of XXX,  max tolerance is XXX. XXX  Remains. An exception was received for the payment shock over the XXX  maximum for the program and identified the payment shock as XXX. The actual payment shock is XXX  as the payment is going from XXX  to XXX. The exception does not cover the actual percentage of increase the borrower will be experiencing. Limited compensating factors were listed. The assets are XXX  months in reserves as required by the program, limited high credit usage, the DTI is XXX  vs XXX,  business bank statements with XXX  month and residual of XXX,  LTV is XXX  vs XXX.

XXX

2024040553

Valuation

ValuationWaterfall

Resolved

Resolved

XXX

Appraised value not supported. Form Type/CU Score

* Appraised value not supported. Form Type and CU Score (Lvl R)

Missing Third Party Valuation Product to support the appraisal value with XXX  variance.

XXX  Post Close AVM received supports origination value.

XXX  Resolved

XXX  Resolved

XXX

2024040554

Credit

Credit Worthiness

Resolved

Resolved

XXX

Mortgage history for primary residence less than XXX

* Mortgage history for primary residence less than XXX  months (Lvl R)

Per the final 1003, the borrower has rented his departure residence for one year paying  XXX /month. The loan file does not contain the required XXX  month housing payment history.

XXX  Verification of rent provided.

XXX  Verification of rent provided.

XXX

2024040554

Credit

Credit

Resolved

Resolved

XXX

Credit history inadequate/does not meet g/l (ATR)

* Credit history insufficient/does not meet guidelines (ATR) (Lvl R)

The borrower owns an XXX  located at XXX  Drive that is currently rented. The loan file contains a mortgage statement (p.184) showing the mortgage is current and XXX  included in the payment; however, the mortgage does not report on the credit report. The loan file is missing a payment history for this mortgage. Per the fraud report, this mortgage was obtained XXX The credit report reflects the payment history for the mortgage prior to this one; however, the mortgage history from the current mortgage with XXX  Holding, XXX  is missing.

XXX Mortgage for XXX, XXX Please accept this explanation showing how the mortgage statement documents the on-time mortgage pay history for the XXX  Holding XXX  XXX mortgage XXX. This mortgage was originated on XXX.  The Fraudguard report documents the start date.   This would mean that the first payment would have been on XXX  which would mean we would need to document the XXX  and XXX  payments have been made prior to our subject loan closing in XXX. There is a mortgage statement in the file dated XXX  that shows activity from XXX - XXX and confirms a payment of XXX  was paid during that time frame (this would be the XXX  payment). Then there is a “XXX” that shows a total of XXX  has been paid year to date. This would mean that in the prior month between XXX  - XXX  there would have been another XXX  payment made (this would be the XXX  payment). Please accept this explanation with the mortgage statement as proof the XXX  payments for the XXX  Holding XXX  mortgage were paid on time. Thank you,

XXX  Resolved. Received mortgage statements from XXX  holdings showing the account is due for XXX  payment. The loan closed XXX  making first payment due XXX. The statement shows XXX  payments have been made XXX, for a total of XXX,  each payment is XXX  monthly and there are no late charges assessed. The last payment was made and received XXX. At the time of the subject closing the loan was current.

XXX  Resolved. Received mortgage statements from XXX  holdings showing the account is due for XXX  payment. The loan closed XXX  making first payment due XXX. The statement shows XXX  payments have been made XXX, for a total of XXX,  each payment is XXX  monthly and there are no late charges assessed. The last payment was made and received XXX. At the time of the subject closing the loan was current.

XXX

2024040557

Valuation

ValuationWaterfall

Resolved

Resolved

XXX

Orig.value not supported by Post- Close AVM

* Post-closing AVM does not support value at origination (Lvl R)

New Finding: Post Close AVM returned a value of XXX  resulting in a -XXX  variance. Desk Review required.

XXX  Post fund Desk Review supports value.

XXX  Exception resolved.

XXX  Exception resolved.

XXX

2024040555

Valuation

Doc Issue

Resolved

Resolved

XXX

Missing flood cert

* Missing flood cert (Lvl R)

The loan file is missing the flood certificate.

XXX  Resolved. Received Flood cert for the subject property

XXX  Resolved. Received Flood cert for the subject property

XXX

2024040555

Credit

Credit

Resolved

Resolved

XXX

Credit history inadequate/does not meet g/l (ATR)

* Credit history insufficient/does not meet guidelines (ATR) (Lvl R)

The mortgage paid on the final CD is secured to the XXX located at XXX. The mortgage that was paid off on this property was previously modified with the last delinquency being XXX. The credit report does not reflect the modification date and the file does not contain the Modification Agreement to verify it meets the XXX  months seasoning requirement.

XXX  Resolved. The credit guidelines validate that Forbearance is not considered for mortgage delinquency prior to XXX  for up to XXX  month consecutive payments made late if they are current with XXX  months payments currently made. The mortgage is for a rental property and not the subject. The borrower had issues during COVID with the tenant paying, this resulted in delinquent mortgage payments made in XXX  - XXX. Since the time of this delinquency, the payments on this loan were made the last XXX  month XXX x XXX  and meets guidelines.

XXX  Resolved. The credit guidelines validate that Forbearance is not considered for mortgage delinquency prior to XXX  for up to XXX  month consecutive payments made late if they are current with XXX  months payments currently made. The mortgage is for a rental property and not the subject. The borrower had issues during COVID with the tenant paying, this resulted in delinquent mortgage payments made in XXX  - XXX. Since the time of this delinquency, the payments on this loan were made the last XXX  month XXX  XXX  and meets guidelines.

XXX

2024040555

Credit

Income

Active

XXX: Acceptable with Warnings

XXX

Missing sufficient employment documentation (ATR)

* Missing sufficient employment documentation (ATR) (Lvl 2)

The loan file is missing the CPA letter to confirm ownership percentage as required by lender guidelines. Audit used XXX  per the Articles of Organization showing XXX  members (p.262) and the Income Worksheet (p.393); however, the percentage owned by the borrower is not documented.

Borrower has owned home XXX  years Subject is cash out transaction, borrwer recevied XXX  cash in hand = XXX  months reserves.

XXX  Issue downgraded to a XXX  due to lender using XXX  expense ratio. Lender only requires CPA letter if expense ratio below XXX  per guidelines. XXX  Remains. Mention of Articles of Incorporation showing XXX  ownership is listed on response but the loan file does not contain Articles of Incorporation to validate this. XXX  Remains. The Article of Incorporation that was received does not specify borrowers percentage of ownership. there are XXX people; however it only states these XXX people own more than XXX. Establishing ownership is imperative to determine income that can be used for qualification of the transaction.

XXX  Issue downgraded to a XXX  due to lender using XXX  expense ratio. Lender only requires CPA letter if expense ratio below XXX  per guidelines. XXX  Remains. Mention of XXX showing XXX  ownership is listed on response but the loan file does not contain XXX to validate this. XXX  Remains. The XXX that was received does not specify borrowers percentage of ownership. there are two people; however it only states these XXX people own more than XXX. Establishing ownership is imperative to determine income that can be used for qualification of the transaction.

XXX

2024040556

Valuation

ValuationWaterfall

Resolved

Resolved

XXX

Appraised value not supported. Form Type/CU Score

* Appraised value not supported. Form Type and CU Score (Lvl R)

Guideline XXX Appraisal Review Process requires a secondary appraisal product to support the appraisal value for the transaction when loan amounts are greater than XXX  and/or when the LTV is less than XXX.  Acceptable review products include enhanced desk reviews, AVM’s, field reviews, XXX Collateral Underwriter (CU) with a score of ≤ XXX  or XXX  Loan Collateral with rep and warranty relief, and second full appraisals. Subject loan has a loan amount of XXX  and an LTV of XXX. Subject loan file does not contain a secondary appraisal product to support the appraisal value.

XXX  LTV is below the maximum XXX  by XXX. XXX  Representative credit score exceeds the minimum XXX  credit score by XXX  points. XXX  mortgage history for (XXX) months. DSCR ratio of (XXX) exceeds the minimum requirement of (XXX) by (XXX) points.

XXX  Post Close Desk Review received supports origination value.

XXX  Resolved

XXX  Resolved