1. Short title This Act may be cited as the Homeowner Mortgage Servicing Fairness Act of 2018 . 2. Findings and purpose (a) Findings The Congress finds that— (1) mortgage servicing plays a critical role in determining the likelihood that a delinquent borrower will be able to save their home from foreclosure, but homeowners do not have the ability to choose their mortgage servicers; (2) a 2011 Yale Journal on Regulation article written by Adam Levitin and Tara Twomey, entitled Mortgage Servicing , confirmed that borrowers have no control over what bank or non-bank entity services their mortgage loan, whether the servicing rights on their mortgage are transferred to a new entity, or what contractual provisions govern the servicing of their mortgage loan; (3) a 2011 report entitled Interagency Review of Foreclosure Policies and Practices conducted by the Federal Reserve System, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision acknowledged that a number of supervisory actions and industry reforms are required to address [weaknesses in foreclosure process governance] in a way that will hold servicers accountable for establishing necessary governance and controls ; (4) there has been abundant evidence since the financial crisis of 2007 to 2009 that has indicated that some single-family housing mortgage servicers are failing to provide mortgage borrowers with the protections against foreclosure that they are entitled to by law, including failure to provide mortgage borrowers with critical information about the process of applying for foreclosure relief and loan modifications; (5) multiple congressional hearings have uncovered additional evidence of failures in mortgage servicing, including— (A) the hearing of the Committee on Financial Services of the House of Representatives entitled A Review of Mortgage Servicing Practices and Foreclosure Mitigation , July 25, 2008 (Serial No. 110–132)