MORTGAGE LOAN COMPLIANCE®

 

Marshall & Ilsley Bank tried its first moratorium in December 2008. The bank's homeowner assistance program offered refinancing with reduced rates and term extensions.

Now moratoriums are once again the foreclosure prevention tool of choice for M&I Bank, which has given an additional three-month breathing space to distressed borrowers.

The Milwaukee bank said it has extended foreclosure moratoriums through September 30, 2010. The moratorium applies to all owner-occupied residential loans "for customers who agree to work in good faith to reach a successful repayment agreement."

The move reflects proposed Fannie Mae policy changes that encourage borrowers to work with lenders and servicers.

_______________________

Mortgage Loan Compliance® | The Forensic Loan Audit Company

Order Your $59 Rapid Report Forensic Audits Or A $295 Certified Forensic Compliance Audits. Get The Facts, Audit Your Loan, and Protect Your Rights!

Call Today 1-866-966-6615 or Visit www.ml-compliance.com

 

WebWatcher-Get 40% Off
Posted by Customer Service on July 3rd, 2010 12:26 PMPost a Comment (0)

Subscribe to this blog
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Securitization Audit

Forensic Audits

Rapid Report™

Title Audits

Mortgage Loan Compliance and its products are trademarks or registered trademarks of Mortgage Loan Compliance, Inc.  Other brand and product names are trademarks or registered trademarks of their respective owners. Advertisements and web-links made available imply no inference or approval of their products or services by Mortgage Loan Compliance or its family of companies, and officers.

PRIVACY POLICY | Contact Us | Home

Copyright © 2012 MORTGAGE LOAN COMPLIANCE®
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Terms of Use| Site Map