LIU STATEMENT ON SANCTIONS FOR BANKS THAT VIOLATE FORECLOSURE RULES

NEW YORK, NY – February 18, 2011 – (RealEstateRama) — City Comptroller John C. Liu stated the following in response to inquiries about his reaction to Acting Comptroller of the Currency John Walsh’s testimony to the Senate Banking Committee today that regulators are finalizing sanctions against banks that violate foreclosure laws and regulations