There is no official settlement.
There is no multi-billion dollar fund or penalty and there is no word from Federal Regulators as to how the banks will ultimately "fix" the foreclosure paperwork issues.
But a meeting here in DC of the fifty state attorneys general was too good to pass up for a couple of hundred protesters demanding, "a strong settlement that includes principal reduction on millions of mortgages."
I have to hand it to the Iowa deputy attorney general, Tam Orminston, who put himself into the middle of a crowd of troubled, and angry borrowers, led by National People's Action and PICO National Network. One by one borrowers told of their mortgage woes, amid shouts of "That ain't right!" from the surrounding crowd.