Milwaukee-based Marshall & Ilsley Corp. this week announced that it has extended its foreclosure moratorium an additional 90 days through Dec. 31, 2009.
The moratorium, which began in December of 2008, is on all owner-occupied residential loans for customers who agree to work in good faith to reach a successful repayment agreement. The moratorium applies to applicable loans in all M&I markets.
M&I’s homeowner assistance program also features assistance programs for potentially distress homeowners and it also offers a foreclosure abatement program the features several refinancing options.
