Marshall & Ilsley Corp., a top 40 ranked residential servicer, said it is extending its moratorium on foreclosures by another 90 days. The new moratorium means struggling home owners have until December 31. (The bank first initiated a moratorium in late December 2008.) The Milwaukee-based depository is the parent of M&I Mortgage, Cedarsburg, Wisc., a $10.4 billion residential servicer. The moratorium applies only to owner-occupied residential loans for customers who work to reach a repayment agreement. Loans in all the bank's markets are eligible.
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