Visio 2020-1 Trust: Presale Report
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Summary
DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to Visio 2020-1 Trust (Visio 2020-1 or the Issuer), a securitization of a portfolio of fixed- and adjustable-rate, expanded prime and nonprime first-lien residential mortgages funded by the issuance of the Mortgage Pass-Through Notes, Series 2020-1 (the Notes). This transaction marks the sixth securitization from Residential Credit Opportunities II, LLC backed entirely by loans originated to investors under debt service coverage ratio (DSCR) programs. The Notes are backed by 813 mortgage loans with a total principal balance of $159,851,845 as of the Cut-Off Date (June 30, 2020).