Those of you who have read our previous coverage of the back and forth between the state attorneys general and five major mortgage servicers know that the settlement announced on Thursday is a massive, complicated, multi-year deal negotiated by the country’s most ambitious public prosecutors, its most powerful financial institutions and some of the highest-paid lawyers in New York City. There are several levels to judge it on: the help it gives homeowners; its benefit for various political players; and what it may do for the economy. But overall, it’s a clear win for Obama and Democrats, a qualified win for the banks, and a minor, belated victory for homeowners.