What’s Inside the $25 Billion Mortgage Settlement: An Early Look
Federal and state officials haven’t made public the $25 billion settlement agreement that they reached with five large banks. As the Journal noted, the exact wording was still being finalized even as officials announced the deal on Thursday morning.
Officials said the final agreement would be made public once it’s filed in the U.S. District Court in Washington, D.C., but that might not happen for a few weeks. Until then, here are some of the recent drafts of the settlement. The settlement includes several different components, some of which officials could release before the agreement is submitted to court.
The draft documents obtained by the Journal show the many moving pieces that were the product of more than one year of discussions. As indicated, the documents are draft copies that were issued on Jan. 19, just as state attorneys general were briefed on the deal. It’s not clear how much the terms have changed since these drafts were written: