In accordance with Title XIV of The Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, the Government Accountability Office (“GAO”) was asked to examine the extent to which federal laws address mortgage servicers’ foreclosure procedures and federal agencies’ past oversight; federal agencies’ current oversight and future oversight plans; and the potential impact of these issues on involved parties.  The GAO found that Federal laws do not specifically address the foreclosure process, and federal agencies’ past oversight of servicers’ foreclosure activities has been limited and fragmented. Accordingly, the GAO recommends that banking regulators and the Bureau of Consumer Financial Protection develop plans for overseeing mortgage servicers and include foreclosure practices in any servicing standards that are developed. The GAO further recommends that regulators assess the risks that documentation problems pose for their institutions.