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Any occurrences of the risks associated with our Canadian operations and related expansion could adversely affect our business, reputation and ability to further expand internationally.

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We have minimal exposure to credit risk from loans that may default.

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  • But if you were one of the many Americans who requested forbearance but continued making payments, you will be eligible to refinance right away so long as you stay current on your loan.
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This was driven by increased mortgage loan origination volume and increase in gain on sale margin noted above.

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Regis Hadiaris, Rocket Mortgage product lead, that the company did extensive penetration testing on the Quicken Loans systems touching Rocket Mortgage to ensure all the client data are safe. An unrelated probation departments in addition to.

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We are a holding company and our principal asset after completion of this offering will be our equity interests in Holdings, and accordingly we are dependent upon distributions from Holdings to pay taxes and other expenses.

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Regulatory agencies and consumer advocacy groups are becoming more aggressive in asserting claims that the practices of lenders and loan servicers result in a disparate impact on protected classes.

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Mortgage servicing rights are recognized as assets on the Condensed Combined Balance Sheet when loans are sold and the associated servicing rights are retained.

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When individual loans are paid off, we are required to remit interest for an entire month regardless of the date of payoff; however, clients are only responsible for interest accrued up to the date of payoff.

In our opinion, these condensed combined financial statements include all normal and recurring adjustments considered necessary for a fair statement of our results of operations, financial position and cash flows for the periods presented.

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Makes it easier to download documents or sign documents needed for refinancing.

Additionally, home sales have slowed, and future growth is uncertain.

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Quicken Loans is in an enviable position to profit off the latest boom in refinance activity, caused this time by the coronavirus outbreak.

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Treasuries and MBS issued by Fannie Mae, Freddie Mac and Ginnie Mae.

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In other words, if you want to get a mortgage quickly and easily, Rocket is worth a look.

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