M&I Extends FC Moratorium Another 90 Days

Posted by Orb Staff on September 29, 2009 No Comments
Categories : Mortgage Servicing

For the third time since late last year, Milwaukee-based Marshall & Ilsley Corp. (M&I) has again extended its foreclosure moratorium an additional 90 days.

The initial moratorium was announced Dec. 18, 2008, as part of M&I's Homeowner Assistance Program. The moratorium, which is on all owner-occupied residential loans for customers who agree to work in good faith to reach a repayment agreement, runs through the end of this year.

M&I first extended the moratorium in April and then again in June.

SOURCE: Marshall & Ilsley Corp.

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