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""Marshall & Ilsley Corporation"":https://www.mibank.com/ (M&I), a diversified financial services corporation headquartered in Milwaukee, announced Monday that it has extended its foreclosure moratorium an additional 90 days â€" through June 30, 2010.
[IMAGE]The foreclosure suspension is on all owner-occupied residential loans for customers who agree to work in good faith to reach a successful repayment agreement, and it applies to applicable loans in all M&I markets. M&I's initial
[COLUMN_BREAK]moratorium was announced on December 18, 2008, as part of its Homeowner Assistance Program.
The program also features streamlined assistance programs for potentially distressed homeowners who are identified in advance and proactively offered assistance. In addition, it offers a foreclosure abatement program that features several refinancing options, including term extensions and reduced rates that can be used to reduce homeowners' monthly payments.
Furthermore, M&I continues to extend credit to new and existing customers. Since the infusion of capital from the ""U.S. Department of Treasury"":http://www.treasury.gov/ in mid-November 2008 through February 28, 2010, M&I extended more than $6.9 billion of new credit.
Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 192 offices throughout the state. M&I also has offices throughout in Arizona, Florida, Indiana, Minnesota, Missouri, and Nevada. From these offices, the lender provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services.
