Visio 2020-1 Trust: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on 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).