Marshall & Ilsley Corporation MI today announced it has extended its foreclosure moratorium for distressed homeowners through March 31, 2011. The initial moratorium was announced on December 18, 2008, as part of M&I's Homeowner Assistance Program.
The moratorium 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.
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