Putting an official stamp on the landmark agreement with the five largest mortgage lenders over the alleged
foreclosure abuses.

The court papers offered few new details on the deal between the Federal government, 49 states, Bank of America, Wells Fargo, Chase, CitiGroup, and Ally Financial.

The banks will pay roughly $20 billion to help borrowers avoid foreclosure. Most of that will go to reducing loans for about one million of the 11 million households that own more on their mortgages than their homes are worth.

The banks will also pay $5 billion to the Federal and State governments. About a third of that will go into a fund to be used for sending $2,000 checks to 750,000 people who were improperly foreclosed upon from 2008 through 2011.