Monday, August 27, 2012

Former N.C. governor among new mortgage settlement directors

Former N.C. banking commissioner Joseph Smith announced Monday the board of directors he has assembled in his new role as monitor of the $25 billion mortgage servicing settlement with the nation's big banks. It's stacked with North Carolina representatives.

The list includes former Republican N.C. governor Jim Holshouser, N.C. Central business school dean Keith Pigues and   Bonnie Hancock, Enterprise Risk Management Initiative executive director at N.C. State's management school.

Other members are former Mississippi banking commissioner John S. Allison and Donald Pape, a financial services attorney with Oklahoma City law firm Phillips Murrah P.C.