FEMA Major Disaster Declaration – Virginia Flooding and Mudslides

FEMA Alert
September 30, 2022

FEMA has issued a Major Disaster Declaration for the state of Virginia to supplement state, tribal and local response efforts in the areas affected by flooding and mudslides from July 13-14, 2022.  The following areas has been approved for assistance:

Public Assistance:

  • Buchanan
  • Tazewell

 

Virginia Flooding and Mudslides (DR-4674-VA)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Virginia

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Emergency Declaration – South Carolina Hurricane Ian

FEMA Alert
September 29, 2022

FEMA has issued an Emergency Declaration for the state of South Carolina to supplement state, tribal and local response efforts due to emergency conditions resulting from Hurricane Ian beginning September 25, 2022 and continuing.  The following areas has been approved for assistance:

Public Assistance:

  • Abbeville
  • Aiken
  • Allendale
  • Anderson
  • Bamberg
  • Barnwell
  • Beaufort
  • Berkley
  • Calhoun
  • Charleston
  • Cherokee
  • Chester
  • Chesterfield
  • Clarendon
  • Colleton
  • Darlington
  • Dillon
  • Dorchester
  • Edgefield
  • Fairfield
  • Florence
  • Georgetown
  • Greenville
  • Greenwood
  • Hampton
  • Horry
  • Jasper
  • Kershaw
  • Lancaster
  • Laurens
  • Lee
  • Lexington
  • Marion
  • Marlboro
  • McCormick
  • Newberry
  • Oconee
  • Orangeburg
  • Pickens
  • Richland
  • Saluda
  • Spartanburg
  • Sumter
  • Union
  • Williamsburg
  • York

 

South Carolina Hurricane Ian (EM-3585-SC)

President Joseph R. Biden, Jr. Approves Emergency Declaration for South Carolina

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in August

Industry Update
September 26, 2022

Source: Calculated Risk Blog

Freddie Mac reported that the Single-Family serious delinquency rate in August was 0.70%, down from 0.73% July. Freddie’s rate is down year-over-year from 1.62% in August 2021.

Freddie’s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

CFPB Considers Permanently Restoring Covid Mortgage Protections

Industry Update
September 22, 2022

Source: news.bloomberglaw.com

The Consumer Financial Protection Bureau is seeking information to possibly make pandemic-era foreclosure prevention and automatic refinancing programs permanent features of the mortgage market.

The Thursday request for information for rulemaking is seeking input from lenders and other interested parties on ways to automatically allow financially vulnerable borrowers—due to natural disasters, pandemics and other events out of their control—to pause payments and extend the loan maturity date. Such automatic protections could also help mortgage servicers, the CFPB said.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Black Knight’s First Look at August 2022 Mortgage Data

Industry Update
September 23, 2022

Source: Black Knight Inc.

Black Knight, Inc. reports the following “first look” at August 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

The national delinquency rate fell 3.6% in August to 2.79%, just 4 basis points above May 2022’s record low.

Improvement was broad-based, with the number of borrowers a single payment past due falling by 4% and those 90 or more days delinquent down 4.5%.

After dropping steadily over recent months, cure activity also improved in August, with 62K seriously delinquent loans curing to current status, up from 58K in July.

The month’s 20.3K foreclosure starts represent a 15% jump in activity from July, but remain 44% below August 2019 levels.

Likewise, starts were initiated on 3.4% of serious delinquencies; up slightly from July but still less than half the rate seen in the years leading up to the pandemic.

Prepays (SMM) edged up 1.5% for the month, due to calendar-related effects, but are still down by 69% year-over-year as rising rates continue to put downward pressure on both purchase and refinance lending.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FEMA Major Disaster Declaration – Florida Hurricane Ian

FEMA Alert
September 29, 2022

***Last updated on 10/17/2022***

FEMA has issued a Major Disaster Declaration for the state of Florida to supplement state, tribal and local response efforts in the areas affected by Hurricane Ian beginning September 23, 2022 and continuing.  The following areas has been approved for assistance:

Individual Assistance:

  • Brevard
  • Charlotte
  • Collier
  • DeSoto
  • Flagler
  • Glades
  • Hardee
  • Hendry
  • Highlands
  • Hillsborough
  • Lake
  • Lee
  • Manatee
  • Monroe
  • Okeechobee
  • Orange
  • Osceola
  • Palm Beach
  • Pasco
  • Pinellas
  • Polk
  • Putnam
  • Sarasota
  • Seminole
  • St. Johns
  • Volusia

Public Assistance:

  • Alachua
  • Baker
  • Bay
  • Bradford
  • Brevard
  • Broward
  • Calhoun
  • Charlotte
  • Citrus
  • Clay
  • Collier
  • Columbia
  • DeSoto
  • Dixie
  • Duval
  • Escambia
  • Flagler
  • Franklin
  • Gadsden
  • Gilchrist
  • Glades
  • Gulf
  • Hamilton
  • Hardee
  • Hendry
  • Hernando
  • Highlands
  • Hillsborough
  • Holmes
  • Indian River
  • Jackson
  • Jefferson
  • Lafayette
  • Lake
  • Lee
  • Leon
  • Levy
  • Liberty
  • Madison
  • Manatee
  • Marion
  • Martin
  • Miami-Dade
  • Miccosukee Indian Reservation
  • Monroe
  • Nassau
  • Okaloosa
  • Okeechobee
  • Orange
  • Osceola
  • Palm Beach
  • Pasco
  • Pinellas
  • Polk
  • Putnam
  • Santa Rosa
  • Sarasota
  • Seminole
  • St. Johns
  • St. Lucie
  • Sumter
  • Suwannee
  • Taylor
  • Union
  • Volusia
  • Wakulla
  • Walton
  • Washington

 

Florida Hurricane Ian (DR-4673-FL)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Florida

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

Hurricane Ian Eyewall Moving Ashore; Catastrophic Florida Strike Begins

Disaster Alert
September 28, 2022

Source:  The Weather Channel

H​urricane Ian is nearing landfall as one of southwest Florida’s most intense hurricanes on record, expected to produce catastrophic storm surge, destructive winds and flooding rainfall.

I​an is a Category 4 hurricane packing maximum sustained winds of 155 mph.

Some coastal gauges are now reporting water rises, the beginning of Ian’s storm surge, including in Naples, Florida, where over 4 feet of storm surge inundation has been measured, more than any other storm at that gauge location in at least 50 years.

Meanwhile, winds blowing offshore have produced a blowout tide in Tampa Bay Wednesday morning.

Bands of heavy rain containing strong wind gusts are lashing parts of the Florida Peninsula and the Florida Keys right now.

Winds have recently gusted up to 62 mph in Ft. Myers and Naples. Gusts over 40 mph have been clocked on the Atlantic side in Melbourne, Florida. Street flooding was reported in Stuart, about 100 miles north of Miami.

Winds have gusted from 40 to 80 mph in Key West since Tuesday, where Ian also produced the third highest storm surge in over 100 years.

A​ tornado watch is in effect for central and southern Florida until 5 p.m. EDT.

Current Watches, Warnings

Hurricane warnings (shaded in purple in the map below) now stretch across the Florida Peninsula from southwest to central to Florida’s Space Coast, including including Tampa-St. Petersburg, Fort Myers, Orlando and Daytona Beach. This means hurricane conditions are expected.

A storm surge warning is also in effect along much of Florida’s west coast, from the mouth of the Suwanee River to the Lower Keys, including Tampa Bay, and also on the Atlantic side from the Flagler-Volusia County line in northeast Florida to the entire Georgia coast to Charleston County, South Carolina, including Florida’s St. Johns River. This means life-threatening flooding from rising water moving inland from the coastline is expected.

A​ hurricane watch extends from northeast Florida’s coast to Charleston County, South Carolina, where hurricane conditions are possible.

Tropical storm warnings extend from the Florida Keys northward to southeast Florida, the northwestern Bahamas, the Florida Big Bend and from northeastern Florida to the border of North Carolina and South Carolina, as you can see in the map below.

Forecast Path, Intensity

Landfall of Ian’s center should occur this afternoon between Sarasota and Fort Myers.

Ian should remain at least Category 4, but could make an extremely rare Category 5 landfall this afternoon. Regardless, Ian will be a life-threatening, catastrophic landfall, one of southwest Florida’s strongest hurricanes on record.

A​fter that, Ian will move over the central Florida Peninsula and eventually weaken to a tropical storm. Ian could then emerge briefly over the Atlantic waters before turning back toward the Georgia or South Carolina coasts as a tropical storm or low-end hurricane Friday and Friday night.

Forecast Impacts

S​torm Surge

I​an will produce catastrophic storm surge along parts of the southwest Florida coast.

The map below shows possible peak storm surge inundation, if that happens at the time of high tide, according to the National Hurricane Center.

The peak surge, possibly up to 18 feet, will occur near and south of where the center makes landfall in southwest Florida on Wednesday. That could be between Englewood and Bonita Beach, including Charlotte Harbor.

NHC senior meteorologist Eric Blake noted Wednesday morning nobody alive has witnessed storm surge as high as forecast for Ian in southwest Florida. This could, in fact, be a record storm surge for southwest Florida, according to data from the National Weather Service.

Storm surge is also expected on the Atlantic side of northeast Florida and into coastal Georgia and South Carolina beginning late Wednesday or Thursday. Given the wind direction out of the northeast as this may occur, the St. Johns River in northeast Florida may back up and flood.

D​ue to persistent onshore winds even as Ian’s center moves farther away, coastal flooding may last for some time beyond the peak storm surge into Friday or even early Saturday in western Florida and along the areas shown below along the Atlantic Southeast coast.

W​ind Threat

W​ind damage from Ian will be catastrophic near where its eyewall tracks inland into the southwest Florida coast. That will include the stretch of coastline from Sarasota to Port Charlotte and Fort Myers.

P​ower outages and downed trees are likely in areas under hurricane and tropical storm warnings. Those outages could last for days or weeks in locations that see the highest winds.

S​tructural damage is possible, with the greatest threat near where the core of the hurricane’s center tracks in western and southwestern Florida.

T​he map below shows where sustained tropical storm and hurricane force winds are ongoing as of the latest National Hurricane Center advisory.

R​ainfall

Heavy rainfall is another dangerous threat from the Florida Peninsula into portions of the Southeast through the weekend.

Here’s the latest rainfall forecast from the National Hurricane Center.

-Florida Keys and South Florida: 6 to 8 inches, with locally up to 12 inches.

-Central and Northeast Florida: 12 to 18 inches, with locally up to 24 inches.

-Eastern Georgia and coastal South Carolina: 4 to 8 inches, with locally up to 12 inches.

This heavy rain is likely to trigger dangerous, potentially catastrophic flash flooding in parts of Florida, especially in urban areas, along with river flooding that is likely to last for days after Ian is over.

A​dditional locally heavy rain and flash flooding is possible this weekend as Ian or its remnant pivots into the southern Appalachians and Mid-Atlantic states, particularly in mountainous terrain.

I​solated tornadoes are also a threat across much of the Florida Peninsula on Wednesday, in northeast Florida Thursday and the coastal Carolinas Friday.

C​heck back with us at weather.com for the very latest on this developing situation.

For full report, please click the source link above.

Hurricane Ian Heads into Gulf, Targets Florida as Major Hurricane

Disaster Alert
September 27, 2022

Source:  Orlando Sentinel

Hurricane Ian plowed into Cuba early Tuesday growing in strength to a Category 3 major hurricane with 125 mph sustained winds with a projected path that sees the storm growing further before making landfall on Florida likely near Tampa Bay late Wednesday or early Thursday.

As of 8 a.m., the National Hurricane Center puts the center of Ian in the Gulf of Mexico about 10 miles north-northeast of Pinar Del Rio, Cuba and 130 miles south-southwest of the Dry Tortugas. It made landfall at 4:30 a.m. on the western side of Cuba and is moving north at 12 mph. Hurricane-force winds extend out 35 miles with tropical-force-storm winds out 115 miles.

“On the forecast track, the center of Ian is expected to emerge over the southeastern Gulf of Mexico in a couple of hours, pass west of the Florida Keys later today, and approach the west coast of Florida within the hurricane warning area on Wednesday and Wednesday night,” NHC forecasters said.

The system is expected to grow by Tuesday afternoon into a Category 4 hurricane with 140 mph winds and 165 mph gusts in the Gulf of Mexico before turning, slowing down its forward speed and making a beeline to Florida’s Gulf Coast.

“We were here 48 hours ago and most of the solutions had it going up the coast — the west coast of Florida,” said Gov. Ron DeSantis during a Tuesday morning press conference from the state Emergency Operations Center in Tallahassee. “Now most of them have it ramming into the state of Florida and cutting across and so just be be prepared for that and understand that that’s something that could be happening.”

DeSantis and Florida Division of Emergency Management Director Kevin Guthrie said the 11 a.m. forecast is expected to forecast a shift even farther south with potential landfall near Venice or Sarasota just south of Tampa Bay.

Impacts will be felt far broader than where the hurricane ultimately makes landfall, DeSantis said, urging people along the Gulf coast to heed warnings and evacuation orders from their local officials. Also, he said, remember you don’t have to evacuate hundreds of miles, just seek higher, dryer ground.

”Mother nature is a fierce adversary,” he said.

For full report, please click the source link above.

Florida Braces for Hurricane Ian

Disaster Alert
September 26, 2022

Source:  CNN

Hurricane Ian rapidly intensified Monday as it barreled toward Florida, threatening dangerous storm surges in places not used to getting hit directly by a hurricane.

Florida could start feeling Ian’s wrath as early as Tuesday, with hurricane conditions potentially hitting the state Wednesday.

Evacuation orders were issued Monday for some military personnel and residents, as Ian whipped 80-mph winds and churned northwest about 100 miles west of Grand Cayman, the Miami-based National Hurricane Center said.

“Rapid strengthening is expected during the next day or so, and Ian is forecast to become a major hurricane (Monday night) or early Tuesday when it is near western Cuba and remain a major hurricane over the southeastern Gulf of Mexico on Wednesday,” the hurricane center said.

Forecasters predict by the time Ian makes landfall in the US this week, it could be a major hurricane – with winds reaching 111 mph or greater.

While projection models show a wide range of possible paths, one fear is evident: Tampa, on western side of Florida, could get its first direct hit from a hurricane since 1921.

And that could be devastating.

“The last major hurricane that actually made a direct hit was 100 years ago,” said meteorologist Rick Davis of the National Weather Service’s Tampa office. “So there’s a lot of people that have been brushed by hurricanes in the last five or 10 years in Florida.”

And Tampa doesn’t even need a direct hit to see catastrophic damage from flooding. Tampa Bay is extremely vulnerable to storm surge because water being pushed into it has nowhere to go.

“So it just continues to pile water in into downtown Tampa, which is very vulnerable to storm surge flooding,” Davis said.

“We tell people even if they’re lifelong Floridians like myself, this is something that we haven’t seen in our lifetime,” Davis said. “So we definitely need to take it seriously.”

MacDill Air Force Base has issued an “installation-wide mandatory evacuation” by noon Tuesday for “non-mission essential individuals, including uniformed service members” and dependents, the base tweeted Monday. The base has about 6,000 military and civilian personnel, its website says.

A mandatory evacuation order has also been issued for Zone A of Hillsborough County, Florida, as of 2 p.m. ET Monday, the county administrator said Monday. And a voluntary evacuation has been recommended for Zone B, administrator Bonnie Wise said, adding emergency shelters are also being opened.

For full report, please click the source link above.

FEMA Emergency Declaration – Florida Tropical Strom Ian

FEMA Alert
September 24, 2022

FEMA has issued an Emergency Declaration for the state of Florida to supplement state, tribal and local response efforts due to emergency conditions resulting from Tropical Storm Ian beginning September 23, 2022 and continuing.  The following areas has been approved for assistance:

Public Assistance:

  • Alachua
  • Baker
  • Bay
  • Bradford
  • Brevard
  • Broward
  • Calhoun
  • Charlotte
  • Citrus
  • Clay
  • Collier
  • Columbia
  • DeSoto
  • Dixie
  • Duval
  • Escambia
  • Flagler
  • Franklin
  • Gadsden
  • Gilchrist
  • Glades
  • Gulf
  • Hamilton
  • Hardee
  • Hendry
  • Hernando
  • Highlands
  • Hillsborough
  • Holmes
  • Indian River
  • Jackson
  • Jefferson
  • Lafayette
  • Lake
  • Lee
  • Leon
  • Levy
  • Liberty
  • Madison
  • Manatee
  • Marion
  • Martin
  • Miami-Dade
  • Miccosukee Indian Reservation
  • Monroe
  • Nassau
  • Okaloosa
  • Okeechobee
  • Orange
  • Osceola
  • Palm Beach
  • Pasco
  • Pinellas
  • Polk
  • Putnam
  • Santa Rosa
  • Sarasota
  • Seminole
  • St. Johns
  • St. Lucie
  • Sumter
  • Suwannee
  • Taylor
  • Union
  • Volusia
  • Wakulla
  • Walton
  • Washington

 

Florida Tropical Storm Ian (EM-3584-FL)

President Joseph R. Biden, Jr. Approves Emergency Declaration for Florida

FEMA Urges Preparedness Now for Tropical Storm Ian

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

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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