Marshall & Ilsley Corp. (M&I) says it has extended its foreclosure moratorium an additional 90 days, through March 31, 2010. The moratorium is a part of M&I's Homeowner Assistance Program.
The company notes that the moratorium covers all owner-occupied residential loans for customers who agree to work with M&I to negotiate repayment plans. The program also features assistance for homeowners at risk of default and foreclosure abatement options such as refinancings, term extensions and rate reductions.
SOURCE: Marshall & Ilsley