Visio 2019-2 Trust: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional rating on Visio 2019-2 Trust (Visio 2019-2 or the Issuer), a securitization of a portfolio of fixed- and adjustable-rate, expanded prime and non-prime first-lien residential mortgages funded by the issuance of the Mortgage Pass-Through Notes, Series 2019-2 (the Notes). This transaction marks the fifth 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 1,188 mortgage loans with a total principal balance of $202,652,789 as of the Cut-Off Date (September 30, 2019).