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The terms of your modification are up to the lender and will depend on what’s best for the borrower, says Steve Hall, vice president of operations and analytics for Genworth, a private mortgage.
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Up until now, both companies have operated separately. That just changed, however, with the two joining forces to offer.
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ARA Austin-based principal, Patton Jones, represented the seller on the transaction. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company.
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