PNC Announces Moratorium On Mortgage Foreclosures

The PNC Financial Services Group Inc. has declared a moratorium on new and pending mortgage foreclosures.

PNC says its moratorium on the start of foreclosures on mortgage loans owned and serviced by PNC and National City Mortgage – now a part of PNC – is effective immediately through March 13, 2009, or upon the start of the anticipated U.S. government's loan modification program.

SOURCE: The PNC Financial Services Group Inc.

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