Home >> News >> Data >> Former Governor Among Five New Board Members for OMSO
Print This Post Print This Post

Former Governor Among Five New Board Members for OMSO

Five new faces joined the board of directors at the ""Office of Mortgage Settlement Oversight"":https://www.mortgageoversight.com/ on Monday.

[IMAGE]

The five include former banking commissioners, politicians, attorneys, and academics, with Mississippi banking commissioner John Allison and former North Carolina Gov. James Holshouser notably joining the board.

[COLUMN_BREAK]

Also newly elected: Bonnie Hancock, executive director of the Enterprise Risk Management Initiative at the North Carolina State University Poole College of Management; D. Keith Pigues, dean of the business school at North Carolina Central University; and Donald A. Pape, counsel to Phillips Murrah P.C.

Joseph A. Smith, Jr., head of the nonprofit and monitor of the landmark $25 billion servicer settlement announced earlier this year, lauded the new board members in a statement.

""I am proud that the Office of Mortgage Settlement Oversight will itself be overseen by this illustrious group of Board members,"" he said. ""The OMSO Board combines diverse perspectives of experienced professionals who will continue to provide the counsel and oversight needed to conduct the company's business successfully.""

Although board members, the five will serve only in functional roles for the mortgage settlement office. None will bring any decision-making power to bear on the national settlement.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.
x

Check Also

Survey: Homeownership Remains Elusive for Baby Boomer Renters

A recent look into housing affordability by NeighborWorks America has found that three in five long-term baby boomer renters feel homeownership remains unattainable.