Archives For: Investor and Regulatory Updates

FHFA: Sandra L. Thompson Announced as Acting Director

The Federal Housing Finance Agency (FHFA) announced that effective immediately, Sandra L. Thompson will serve as acting director.

24 Jun 2021

FHFA: COVID-19 Foreclosure and REO Eviction Moratoriums Extended

The FHFA announced an extension of the moratoriums on single-family foreclosures and REO evictions through July 31, 2021.

24 Jun 2021

Freddie Mac: Guide Bulletin 2021-23: COVID-19 Moratorium Extension

Freddie Mac announced an extended effective date (July 31, 2021) for the COVID-19 foreclosure moratorium.

24 Jun 2021

HUD: Updated Servicing and Loss Mitigation Section of Handbook 4000.1

The U.S. Department of Housing and Urban Development (HUD) delayed the effective date for policy changes published to Section III (Servicing and Loss Mitigation), Appendix 4.0 (FHA-HAMP Calculations) and Appendix 5.0 (Schedule of Standard Possessory Action and Deed-In-Lieu of Foreclosure Attorney Fees) of Single Family Housing Policy Handbook 4000.1.

24 Jun 2021

FHFA: Foreclosure Prevention Report – First Quarter 2021

The Federal Housing Finance Agency (FHFA) issued its first quarter 2021 Foreclosure Prevention, Refinance and FPM Report.

22 Jun 2021

HUD: Disaster Recovery Funds for Puerto Rico and USVI

The U.S. Department of Housing and Urban Development (HUD) published a Federal Register notice governing the use of $2 billion in Community Development Block Grant Disaster Recovery (CDBG-DR) funds for electric power system enhancements and improvements for Puerto Rico and the U.S. Virgin Islands.

21 Jun 2021

FHFA: 2020 Report to Congress

The Federal Housing Finance Agency (FHFA) issued a report highlighting its historic policy response that helped borrowers and renters remain in their homes while also ensuring mortgage markets continued to function.

16 Jun 2021

HUD: Adrianne Todman Sworn in as Deputy Secretary

The U.S. Department of Housing and Urban Development (HUD) announced that Adrianne Todman was officially sworn in as the twelfth deputy secretary of housing and urban development.

14 Jun 2021

Fannie Mae: SVC-2021-03: Servicing Guide Updates

Fannie Mae updated its Servicing Guide to include a number of relevant changes impacting mortgage servicers.

9 Jun 2021

Freddie Mac: Guide Bulletin 2021-22: Servicing Updates

Freddie Mac issued a release announcing the COFI transition replacement index, updates to Subsequent Transfer of Servicing requirements, clarification on extinguishment of rights in collateral related to conveyance or financing and more.

9 Jun 2021

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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.

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.

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.

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.

Business Development

Carrie Tackett

Business Development Safeguard Properties