Former Fannie IT Employee Admits Sabotaging HAMP

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A former employee of the Federal National Mortgage Association has admitted to accessing company computers after he was fired and sabotaging the website for loan modifications.

The website was created as an online tool for the Home Affordable Modification Program and is operated by Fannie Mae.

With the tool, borrowers can determine the net present value of their homes and check their eligibility to participate in HAMP.

Sathish Kumar Chandhun Rajendran worked for Fannie as in information technology term employee who was assigned to the development of the website.

Rajendran, 36, was terminated from the Washington, D.C.-based company in August 2013, according to the Office of the Special Inspector General for the Troubled Asset Relief Program.

But that didn’t stop him from repeatedly using administrator credentials to log into the servers and make unauthorized changes to the website — including disabling the website’s online tool for checking HAMP eligibility.

In all, Rajendran caused damages of between $30,000 and $70,000.

On Monday, Rajendran pled guilty in U.S. District Court for the Eastern District of Virginia to a one-count criminal information charging him with engaging in unauthorized access to government servers.

In addition to facing as many as five years in prison, Rajendran agreed for a period of three years after his conviction to refrain from participating as an employee, contractor, or subcontractor in any government contract requiring clearance.

He is scheduled for sentencing on Oct. 3.


Mortgage Daily Staff


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