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The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved.

The settlement, agreed to by the nation's five largest mortgage lenders, is expected to speed up the foreclosure process by providing stricter guidelines for the banks to follow when repossessing homes.

Today marks the start of the earnings reports that really matter --the bank stocks. This morning we heard from two of the biggest.

Wells Fargo (WFC) and JP Morgan (JPM) reported their results for the first quarter, both beating expectations, albeit with the ever present "noise" familiar to shareholders of big banks.

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Wells Fargo & Company (NYSE:WFC) received the Silver level U.S. President?s Volunteer Service Award in recognition of the 10,000 hours that its team members volunteered with Junior Achievement USA in 2010-2011.

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