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Fannie Mae: Economic Growth Ends Year With a Slower Q4, but Poised to Strengthen in 2015

On December 18, Fannie Mae issued a news release titled Economic Growth Ends Year With a Slower Q4, but Poised to Strengthen in 2015.

22 Dec 2014

Julian Castro Statement on HUD FY2015 Budget

On December 17, the U.S. Department of Housing and Urban Development issued a press release titled Julian Castro Statement on HUD FY2015 Budget.

22 Dec 2014

Senate Passes Tax Bill That Includes Key Mortgage Deductions

On December 17, National Mortgage News published an article detailing a bill approved by the U.S. Senate that would retroactively extend over 50 expiring tax provisions for one year.

22 Dec 2014

Freddie Mac Predicts Biggest Year for Home Sales Since ?07

On December 16, DS News released an article highlighting information from Freddie Mac’s December 2014 U.S. Economic and Housing Market Outlook.

18 Dec 2014

New York County Hopes to Revive Vacant Properties with Land Bank Creation

On December 11, The Buffalo News published an article titled Cattaraugus County establishes land bank.

16 Dec 2014

FHLMC Guide Bulletin 2014-24 Selling and Servicing Updates

On December 15, Freddie Mac released an update titled Guide Bulletin 2014-24: Selling and Servicing Updates.

15 Dec 2014

Johnson Congratulates Brown

On December 12, the U.S. Committee on Banking published a news release featuring Chairman Tim Johnson’s statement congratulating Senator Sherrod Brown on being named Ranking Member for the Banking Committee next Congress.

15 Dec 2014

Spending Bill Bans FHA from Financing Eminent Domain Loans

On December 12, National Mortgage News released an article discussing a provision in the $1.05 trillion cromnibus appropriations bill that would ban the Federal Housing Administration from refinancing loans that have been seized through eminent domain.

12 Dec 2014

MHA HAMP Reporting Update Updated Reporting Form Posted on HMPadmin.com

On December 10, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled Updated Reporting Form Posted on HMPadmin.com.

12 Dec 2014

Fannie Mae SVC-2014-21 Servicing Guide Upates

On December 10, Fannie Mae released Servicing Guide Announcement SVC-2014-21, subtitled Servicing Guide Updates.

11 Dec 2014

Fannie Mae Taps Reinsurance Industry in New Risk Sharing Transaction

On December 10, Fannie Mae published a news release announcing its completion of a new credit risk sharing transaction.

11 Dec 2014

GAO-15-56: Information Technology: HUD Can Take Additional Actions to Improve its Governance

On December 10, the U.S. Government Accountability Office (GAO) released GAO-15-56, a report subtitled Information Technology: HUD Can Take Additional Actions to Improve its Governance.

11 Dec 2014

Massachusetts AG Urges FHFA to Make More Changes to Buyback Policy

On December 10, DS News published an article discussing a letter written by Massachusetts Attorney General Martha Coakley to FHFA Director Mel Watt featuring changes the agency could make to its Fannie Mae and Freddie Mac REO buyback policy.

 

11 Dec 2014

Appropriators Unveil FY 2015 Omnibus Spending Package

On December 10, the National Council of State Housing Agencies (NCSHA) posted an article titled Appropriators Unveil FY 2015 Omnibus Spending Package.

11 Dec 2014

New FHA Administrative Fee Defeated in Congress

On December 10, HousingWire released an article reviewing a provision in Senate Bill 2438 that has been formally dropped from the Transportation, Housing and Urban Development and Related Agencies Appropriations Act.

11 Dec 2014

Fannie Mae Announces Eviction Moratorium for the Holidays

On December 9, Fannie Mae published a news release announcing that it will suspend evictions of foreclosed single family properties from December 17, 2014 through January 2, 2015.

10 Dec 2014

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CEO

Alan Jaffa

Alan Jaffa is the Chief Executive Officer for Safeguard Properties, steering the company as the mortgage field services industry leader. He also serves on the board of advisors for SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.

Alan joined Safeguard in 1995, learning the business from the ground up. He was promoted to Chief Operating Officer in 2002, and was named CEO in May 2010. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguard’s processes to assure that the company adheres to the highest standards of quality and customer service.

Under Alan’s leadership, Safeguard has grown significantly with strategies that have included new and expanded services, technology investments that deliver higher quality and greater efficiency to clients, and strategic acquisitions. He takes a team approach to process improvement, involving staff at all levels of the organization to address issues, brainstorm solutions, and identify new and better ways to serve clients.

In 2008, Alan was recognized by Crain’s Cleveland Business in its annual “40-Under-40” profile of young leaders. He also was named a NEO Ernst & Young Entrepreneur Of The Year® Award finalist in 2013.

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Esq., General Counsel and EVP

Linda Erkkila

Linda Erkkila is the General Counsel and Executive Vice President for Safeguard Properties, with oversight of legal, human resources, training, and compliance. Linda’s broad scope of oversight covers regulatory issues that impact Safeguard’s operations, risk mitigation, strategic planning, human resources and training initiatives, compliance, insurance, litigation and claims management, and counsel related to mergers, acquisition and joint ventures.

Linda assures that Safeguard’s strategic initiatives align with its resources, leverage opportunities across the company, and contemplate compliance mandates. She has practiced law for 25 years and her experience, both as outside and in-house counsel, covers a wide range of corporate matters, including regulatory disclosure, corporate governance compliance, risk assessment, compensation and benefits, litigation management, and mergers and acquisitions.

Linda earned her JD at Cleveland-Marshall College of Law. She holds a degree in economics from Miami University and an MBA. Linda was previously named as both a “Woman of Influence” by HousingWire and as a “Leading Lady” by MReport.

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COO

Michael Greenbaum

Michael Greenbaum is the Chief Operating Officer of Safeguard Properties, where he has played a pivotal role since joining the company in July 2010. Initially brought on as Vice President of REO, Mike’s exceptional leadership and strategic vision quickly propelled him to Vice President of Operations in 2013, and ultimately to COO in 2015. Over his 14-year tenure at Safeguard, Mike has been instrumental in driving change and fostering innovation within the Property Preservation sector, consistently delivering excellence and becoming a trusted partner to clients and investors.

A distinguished graduate of the United States Military Academy at West Point, Mike earned a degree in Quantitative Economics. Following his graduation, he served in the U.S. Army’s Ordnance Branch, where he specialized in supply chain management. Before his tenure at Safeguard, Mike honed his expertise by managing global supply chains for 13 years, leveraging his military and civilian experience to lead with precision and efficacy.

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CFO

Joe Iafigliola

Joe Iafigliola is the Chief Financial Officer for Safeguard Properties. Joe is responsible for the Control, Quality Assurance, Business Development, Marketing, Accounting, and Information Security departments. At the core of his responsibilities is the drive to ensure that Safeguard’s focus remains rooted in Customer Service = Resolution. Through his executive leadership role, he actively supports SGPNOW.com, an on-demand service geared towards real estate and property management professionals as well as individual home owners in need of inspection and property preservation services. Joe is also an integral force behind Compliance Connections, a branch of Safeguard Properties that allows code enforcement professionals to report violations at properties that can then be addressed by the Safeguard vendor network. Compliance Connections also researches and shares vacant property ordinance information with Safeguard clients.

Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelor’s degree from The Ohio State University’s Honors Accounting program.

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Business Development

Carrie Tackett

Business Development Safeguard Properties