NC Commissioner of Banks

There has been a lot of movement from big banks in meeting their obligations in the National Mortgage Settlement.  A report out last week shows the five national banks in the settlement administered $350-million in total relief to North Carolinians in the last year.  That affects about 7,600 borrowers.   Settlement Monitor Joseph Smith runs down the national numbers in this video statement. 

Economists and politicians say the North Carolina Commissioner of Banks is perfect for the job of overseeing the new national mortgage settlement, but they say it won’t be easy.