Marshall & Ilsley Corp. in Milwaukee announced that it is extending its moratorium on foreclosures through Sept. 30.
The $56.6 billion-asset company announced the moratorium in December 2008 as part of its homeowner assistance program.
The moratorium applies to all owner-occupied residential loans for customers who agree to work in good faith to reach a successful repayment agreement. It includes applicable loans in all the company's markets in Wisconsin, Arizona, Indianapolis, Kansas City, Minneapolis, St. Louis and Las Vegas.
The company also said late last week that, as of April 30, it has extended more than $7.4 billion in new credit since receiving an investment from the Troubled Asset Relief Program in November 2008.
