BUSINESS

National Mortgage Settlement: Missing Final Deal Document Raises Doubts On $25 Billion Mortgage Settlement

02/11/2012 12:09 pm ET

Some who talked to American Banker said that the political pressure to announce the settlement drove the timing, in effect putting the press release cart in front of the settlement horse.

Whatever the reason for the document's continued non-appearance, the lack of a public final settlement is already the cause for disgruntlement among those who closely follow the banking industry. Quite simply, the actual terms of a settlement matter.

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