I thought there were 4 reasons, but that may be up to the servicers discretion. "IDI" means 'imminent default indicator' and you must pass that test if you are current(less than two payments behind) and: have any savings, or a monthly budget surplus, or some combination of a surplus and savings. If you reported retirement plan savings, they may have erred in using those. Retirement savings are not to be used to determine eligibility for HAMP and you should not have reported them.
Freddie mac used to have a definition of imminent default on their website and a formula, but now they have given the servicer a lot of leeway in determining imminent default. The need to pass this test if you are less than two payments behind is why it is easier to qualify if you are ALREADY two payments behind. If you became 2 payments behind during your trial, or since you applied, you can reapply again. They base qualifying on info from the date you applied, and won't change that info without a new application. Here is a quote from the HAMP handbook ( www.hmpadmin.com )
4.4 Reasonably Foreseeable or Imminent Default
A borrower that is current or has only one payment due and unpaid by the end of the month in
which it is due and who contacts the servicer to request HAMP consideration must be evaluated
to determine if he or she is at risk of imminent default. Each servicer must have written standards
for determining imminent default that are consistent with applicable contractual agreements and
accounting standards and must apply the standards equally to all borrowers.
When making an imminent default determination, the servicer must evaluate the borrower’s
hardship as well as the condition of and circumstances affecting the property securing the
mortgage loan. The servicer must consider the borrower’s financial condition, liquid assets,
liabilities, combined monthly income from wages and all other identified sources of income,
monthly obligations (including personal debts, revolving accounts, and installment loans), and a
reasonable allowance for living expenses such as food, utilities, etc. The hardship and financial
condition of the borrower must be verified through documentation.
A servicer must document in its servicing system and/or mortgage file the basis for its
determination that a payment default is imminent and retain all documentation used to reach this
First post said it wasn't accepted.