Fraud prevention, detection and reporting requirements are being enhanced at Freddie Mac. The secondary lender outlined the changes in bulletin No. 2010-22. “Strong fraud prevention and detection practices are an integral part of responsible lending standards that help to ensure the success of seller-servicers and borrowers throughout the entire life of a mortgage,” the bulletin stated.

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The latest economic and housing market outlook from Freddie Mac predicts this year’s residential originations from all U.S. lenders will come in at $1.4 trillion. Projected activity is a 30 percent decline from 2009′s estimated activity. Next year, Freddie sees production staying at the same level as 2010.

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In July, the Securities and Exchange Commission announced a $75 million settlement with Citigroup Inc. But the Citi-SEC settlement was held up by a federal judge last month who seeks more documents supporting the agreement. More than $38 million in settlements were recently announced in the Metropolitan Securities Litigation. A federal judge in Los Angeles preliminarily approved a cash settlement for shareholders of New Century Financial Corp.

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Here are my mortgage rate predictions, trends, and forecasts for the rest of 2009, and a few months into 2010. When a homeowner gets the lowest interest rates they can, they are saving the most money possible. With mortgage refinancing and home loan modification on the rise, a lot of homeowners would benefit from having an idea of what to expect from interest rates. Here are my predictions, and how I made them:

-Right now 5.19% is the average mortgage rate for a typical homeowner and a fixed rate 30 year mortgage.

-Mortgage rates were as low as 4.69% for the same loan earlier in the year.

-I predict that in October of this year, 2009, mortgage rates will drop from 5.19% to their prior lows of 4.69% for a 30 year fixed rate home loan.

Why do I think mortgage rates will drop to 4.69? I think that the only reason that mortgage interest rates went up .5% to their current rates of 5.19%, is due to mortgage lenders and banks being overwhelmed by the amount of homeowners looking to take advantage of the low interest rates, and the Governments mortgage bailout plan. The combination of these two things quickly drew the interest of millions of homeowners who applied for a mortgage refinancing or modification.

My predictions reflect the fact that I think that around October of this year, 2009, the mortgage lenders and banks will be caught up with the existing home loan modification and refinancing applications. At this point, they will be looking for a new wave of homeowners who need a more affordable mortgage. The interest rates, I predict, will be lowered to their prior lows to spur interest in mortgage refinancing and home loan modification.

If a homeowner can, they should wait a little to see if the mortgage rates lower a little. However, if your home is at risk of being lost to foreclosure or mortgage default, take action now.

At my site I will teach you how to properly refinance or modify a home mortgage saving you thousands of dollars, or even your home. A lot of Greedy Mortgage Lenders will try to suck you dry if you let them. Learn the right way to refinance or modify your home loan at my site: http://www.refinancingcondo.com