In my case, my note holder, Freddie Mac, has definitely done so. This I learned from GMAC, my loan servicer. Multiple GMAC agents have told me that GMAC has once and probably twice approved a HAMP modification on my mortgage, sent it up to Freddie, and then learned of Freddie's denial.
GMAC even informed me in writing of Freddie's denial. It did so in vague language marked with an X in its form letter of denial:
"We service your loan on behalf of an investor [Freddie Mac] or group of investors that has not given us authority to modify your loan under the program [HAMP] requested." (Brackets mine)
I wonder: have other HAMP/MFA applicants have seen language like this? If so, this story could be major news:
Government Sponsored Lenders (GSLs Fannie and Freddie) are subverting programs created by government agencies (Treasury Department and the White House). And the GSLs are doing so furtively by using the commercial banks as shields and whipping boys to conceal their subversion of the President's programs for at-risk homeowners.
I look forward hearing from other MFA/HAMP applicants. See below for more.
Here is an overview of Freddie's meddling in my situation.
It closes with a distressing thought:
Choosing my words carefully, the feeling that I get from all this - and that I suspect hundreds of thousands of informed homeowners get as well - is that it’s not just one government agency but, shockingly, ALL government agencies, and our banking and legal systems as well, that are responsible for the problem of mortgage fraud.
Those responsible include even President Obama, whose failure to mention the fact of America’s 10,000 daily foreclosures in his 2011 State of the Union address opens him to the charge of turning a blind eye to a disaster whose economic and human impact actually dwarfs that of hurricane Katrina. It was he who promised "Hope for Homeowners" and he who stands by silent as virtually every arm of government, of law and of finance in America works actively to subvert his promise of help.
In closing here is a full account of the Loan Modification Application fraud that has used the President's HAMP/MFA programs to gull homeowners into making full monthly mortgage payments and then forced them into foreclosure.