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FHFA Appoints New Chairman of Fannie Mae

On February 25, the Federal Housing Finance Agency (FHFA) announced FHFA Appoints New Chairman of Fannie Mae Board of Directors.

FHFA Appoints New Chairman of Fannie Mae Board of Directors

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that in light of the fact that Philip A. Laskawy will have reached the company’s mandatory retirement age, in accordance with FHFA’s corporate governance regulation and Fannie Mae’s corporate governance guidelines, he will step down from the board effective March 31, 2014. FHFA also announced that Laskawy will be succeeded by current Fannie Mae board member Egbert L. J. Perry.

In making these two announcements, FHFA Director Melvin L. Watt said, “Phil Laskawy, the former chairman and chief executive officer of Ernst & Young, has provided dedicated leadership during an extraordinarily challenging period for both the country and the company. Under his leadership since 2008, Fannie Mae has helped millions of American families refinance their mortgages, buy new homes, rent affordable housing and avoid foreclosure. In his time as chairman, the company returned to profitability and achieved record financial results. I have complete confidence that Egbert Perry will continue to provide the same qualities of thoughtful and responsible leadership that Phil has provided.”

“Phil answered without hesitation or reservation a call to duty in 2008 to serve as chairman of Fannie Mae in order to help preserve the stability and liquidity of the nation’s housing finance system. We have deeply valued his leadership, passion, and integrity during the economic crisis and turnaround of our company,” said Timothy J. Mayopoulos, president and chief executive officer, Fannie Mae. “We look forward to continuing our progress with Egbert in his new role. Egbert’s combination of community development and commercial experience is exceptionally valuable. We appreciate his commitment to improving the company, ensuring that families have access to affordable mortgage credit, and creating a sustainable housing finance system for the future.”

Perry, a seasoned real estate and investment management professional, has served as a Fannie Mae director since December 2008. He is chairman and chief executive officer of The Integral Group LLC, which he founded in 1993 to provide real estate development, advisory and investment management services across major U.S. urban markets. Perry brings extensive experience in innovative urban development and revitalization projects and has played an important role in many public-private partnerships that have transformed communities across the nation. Perry has approximately 35 years of experience as a real estate professional, including work in urban development; developing and investing in mixed-income, mixed-use communities; affordable and work force housing; and commercial real estate projects in markets across the country. Perry previously served a seven-year term as a director of the Federal Reserve Bank of Atlanta and serves as a long-time trustee of the University of Pennsylvania.

“It is an honor to lead the board’s governance of Fannie Mae and I look forward to continuing to work with my fellow board members, our management team, Director Watt and his team at FHFA to deliver on the company’s essential role in the housing market,” said Perry.

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.5 trillion in funding for the U.S. mortgage markets and financial institutions.

Please click here to view the online announcement.

About Safeguard 
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.

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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