M&I extends foreclosure moratorium again
M&I has extended its foreclosure moratorium for another three months through the end of December. The bank initiated the moratorium on Dec. 18, 2008 as part of its Homeowner Assistance Program.
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The moratorium applies to all owner-occupied residential loans for customers who agree to work in good faith to reach a repayment agreement with the bank, and applies to loans in all of M&I’s markets.
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M&I’s Homeowner Assistance Program also has programs for distressed homeowners, including refinancing options, term extensions and rate reductions to reduce monthly payments.
