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Home » Many Cash-Out Refis in Investment Property MBS
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Many Cash-Out Refis in Investment Property MBS

November 30, 2018
An affiliate of American Mortgage Investment Partners Management plans to issue a non-agency mortgage-backed security with a high share of cash-out refinances on investment properties. Some 70.2 percent of the mortgages in the $199.5 million RCO 2018-VFS1 Trust are cash-out refis while 16.0 percent were to purchase an investment property. All of the loans were originated by Visio Financial Services, a lender that started producing mortgages in September 2015 ...
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