Opportunities Exist to Enhance the Board’s Oversight of Future Complex Enforcement Actions

Table of Contents

• Report Contributors and Abbreviations
• Summary of Recommendations
• Memorandum
• Introduction
• Finding 1: The Board’s Advance Planning Efforts Were Not Commensurate With the Agreement’s Complexity
• Finding 2: The Board Did Not Use a Project Management Function to Support This Complex Initiative
• Finding 3: Data Integrity Issues With the Servicers’ Systems Impacted the Reliability and Consistency of the Slotting Results
• Finding 4: The Board Has Not Finalized a Strategy to End the Payment Agreement
• Appendix A: Scope and Methodology
• Appendix B: Results of the Servicers’ Slotting and the Payment Amounts
• Appendix C: Management’s Response