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New Mortgage Settlement Oversight Board

A former North Carolina governor is one of five people selected to serve on the board overseeing the national mortgage settlement.

Leoneda Inge: James Holshouser is joined by Keith Pigues (pig-gees), Dean of the School of Business at North Carolina Central University and Bonnie Hancock, with the N-C State Poole College of Management. Joseph Smith is national mortgage settlement monitor and former North Carolina Commissioner of Banks. He says the oversight office is like a small company.

Joseph Smith: And the directors of the company are overseeing the management of the business of my monitor-ship. In other words, how we set up our various accounts, our contracting, very important things that will help me succeed, I think, in the long-term.

The 25-billion-dollar mortgage settlement was reached earlier this year between 49 states and several big banks including Wells Fargo and Bank of America.

Leoneda Inge is WUNC’s race and southern culture reporter, the first public radio journalist in the South to hold such a position. She also is co-host of the podcast Tested and host of the special podcast series, PAULI. Leoneda is the recipient of numerous awards from AP, RTDNA and NABJ. She’s been a reporting fellow in Berlin and Tokyo. You can follow her on Twitter @LeonedaInge.
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