1. Short title This Act may be cited as the FHA Foreclosure Prevention Act of 2018 . 2. Documentation of loss mitigation efforts Subsection (a) of section 204 of the National Housing Act ( 12 U.S.C. 1710(a) ) is amended by adding at the end the following new paragraph: (10) Documentation of loss mitigation efforts Notwithstanding any other provision of this title, the Secretary may not pay insurance benefits to any mortgagee of a single family mortgage insured under this Act unless the mortgagee or other servicer for the mortgage has provided documentation to the Secretary that is sufficient to demonstrate compliance with any requirements of the Secretary applicable to such mortgage relating to loss mitigation. This paragraph may not be construed to limit the authority of the Secretary to impose civil monetary penalties. . 3. HUD oversight of servicers Section 533 of the National Housing Act ( 12 U.S.C. 1735f–11 ) is amended by adding at the end the following new subsection: (d) Oversight of mortgage servicers (1) Oversight (A) In general The Secretary shall conduct oversight of servicers of single family mortgages insured under this Act on a regular and ongoing basis and in a manner designed to ensure that such servicers comply with the requirements of this Act and the standards and guidelines established by the Secretary for servicing of such mortgages and to identify systemic problems and trends with such compliance. (B) Loss mitigation requirements Such oversight shall include oversight designed to ensure that such servicers comply with the requirements under this Act, and the standards and guidelines established by the Secretary, for loss mitigation, and shall include appropriate sampling and review of such servicer compliance, including direct information collection through generally accepted means from borrowers whose files were sampled, such as surveys, focus groups, interview, or other similar measures. (2) Corrective action The Secretary shall take such actions as may be necessary to remedy failures by