"The foreclosure reviews were meant to identify specific errors made by the banks, which following..."

“The foreclosure reviews were meant to identify specific errors made by the banks, which following the housing crash were swamped with millions of defaulting mortgages they were not equipped to handle. The most common mistakes include failure to process an application for a government-sponsored mortgage modification, which often turned into a nightmare of lost paperwork and unexplained rejections that sometimes led to unnecessary foreclosures.”

- GAO Foreclosure Report Finds Bank Regulators Failed To Provide ‘Key Oversight’