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.