Quicken Loans definition

Quicken Loans means Quicken Loans Inc., a Michigan corporation and a wholly-owned subsidiary of Pledgor.
Sample 1
Quicken Loans means Quicken Loans Inc., or any successor in interest thereto.
Sample 1

Examples of Quicken Loans in a sentence

  • As a residential mortgage lender originating, closing and servicing loans in all 50 states, Quicken Loans Inc.

  • However, regardless of the outcome of this or other matters referred to herein, litigation can have a significant effect on Quicken Loans and its Subsidiaries for other reasons such as defense costs, diversion of management focus and resources, and other factors.

  • In other cases, such as lien avoidance cases brought in bankruptcy, Quicken Loans or its Subsidiary are insured by title insurance and the case is turned over to the title insurer who tenders our defense.

  • In many of these actions, Quicken Loans (and its Subsidiaries) may not be the real party of interest (because Quicken Loans is not the servicer of the loan or the holder of the note) but it may appear in the pleadings because it is in the chain of title to property over which there may be a dispute.

  • In some instances, Quicken Loans (and its Subsidiaries) may dispute the state agency’s findings and/or attempt to reconcile our differences.

  • In the ordinary course of business and in any given year, Quicken Loans (and its Subsidiaries) participate in and respond to numerous regular periodic state examinations, while at the same time responding to examination findings from other states.

  • Quicken Loans and its Subsidiaries have thirty team members on its legal/compliance team consisting of in-house lawyers, paralegals and compliance personnel who manage this part of the business.

  • In other instances Quicken Loans (and its Subsidiaries) may undertake corrective action before being required to do so by the state regulator.

  • Such matters are turned over to the servicer of the loan for those loans Quicken Loans or its Subsidiary do not service.

  • As a non-depository mortgage banker, Quicken Loans (and its Subsidiaries) are regulated by and subject to various state agencies that oversee and regulate (a) mortgage lending and the activities of bank and/or non-bank financial institutions and/or (b) insurance agency / escrow agent activities and practices.

Related to Quicken Loans

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Revolving Loans as defined in Section 2.4(a).

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Revolving Advances means Advances made other than Letters of Credit.

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.