Winter Storm Floods California Homes, Prompts Evacuations

Disaster Alert
January 28, 2021

Source: The Weather Channel

Additional Resource:

Safeguard Properties California Mudslide Reporting

Approximate location (according to media outlets) sustaining structural damage:

California

– Carmel-By-The-Sea (Monterey County, 93921, 93923)

At a Glance

  • Evacuation warnings and orders are still in place in some areas.
  • Water backed up in the Carmel River Lagoon after heavy rains.

Homes were hit by flooding and mudslides, a highway washed out and thousands of people told to evacuate as much-needed rain created hazardous conditions in parts of fire-scarred California Wednesday and Thursday.

Many areas were still digging out Friday and evacuation orders and warnings remained in place in some areas.

“But overall the rain and the snowfall forecast is less today for California than we’ve seen in recent days,” weather.com digital meteorologist Jon Erdman said.

Parts of San Bernardino County were still under evacuation orders Friday morning. Residents in areas around the El Dorado Fire burn area in northeast Yucaipa, Mountain Home Village and Oak Glen were told to leave their homes Thursday over a threat of dangerous landslides.

Evacuation orders were lifted Thursday evening in Monterey County’s Carmel River Lagoon area, where some homes were flooded after a natural sand levee was breached. Evacuation orders were also downgraded to warnings for parts of San Mateo and Santa Cruz counties that were under a threat of dangerous mudslides.

The Red Cross set up evacuation centers and provided accommodations for hundreds of people. As of midnight Thursday, about 500 were being housed in hotels in Santa Cruz, San Mateo and Monterey counties.

A portion of Highway 1 along the Big Sur Coast washed away, according to the California Highway Patrol.

For full report, please click the source link above.

Two Dozen Homes and Buildings Damaged by California Mudslides

Disaster Alert
January 27, 2021

Source: The Weather Channel

Approximate location (according to media outlets) sustaining structural damage:

California

– Salinas (Monterey County, 93901, 93902, 93905, 93906, 93907, 93908, 93912, 93915, 93962)

At a Glance

  • Hundreds of thousands of homes and businesses were without power.
  • A wind gust of 121 mph was recorded.

About two dozen homes were damaged and one person injured in mudslides Wednesday in Monterey County, California.

Emergency crews were assisting affected homeowners, according to the Monterey County Regional Fire Protection District.

“Firefighters from MCRFD and assisting fire agencies continue to assess properties that have been affected by mud flows,” the agency said on Twitter. “So far, we have identified 20-25 homes & outbuildings that have some minor to severe damage. One resident was injured while escaping her home.

Earlier, more than 400,000 homes and businesses were without electricity after powerful winds ushered in rain, snow and the potential for deadly mudslides and flooding.

Fire officials in San Mateo County said they responded to several calls of downed trees overnight. Thousands of residents in some communities there and in neighboring Santa Cruz County were under evacuation orders due to the threat of debris flows, a dangerous type of mudslide that is more likely to happen in areas burned by wildfires.

Some fire-scarred parts of Monterey County were also under evacuation orders.

The weather is being fueled by an atmospheric river – a thin, long plume of moisture – that is expected to stall over the region for the next 24 hours or so and is also driving snow that is part of Winter Storm Orlena.

For full report, please click the source link above.

HUD: Chief of Staff Announces Leadership Appointments

Investor Update
January 26, 2021

Source: HUD

“These last four years have tested our faith in our government, our democracy and at times, our humanity. This experienced team is hard at work alongside fellow career staff to rebuild the department and to increase equitable access to housing for millions of families. With their vast expertise and knowledge and their unwavering commitment to serving the American people, this team will play a vital role in the Biden Administration’s ambitious agenda to build back better.”

Jones announced the following leadership appointees:

Office of the Secretary

  • Chief of Staff: Jenn Jones
  • White House Liaison: Analysse Escobar
  • Senior Advisor – Rental Assistance: Peggy Bailey
  • Senior Advisor – Budget, Policy and Programs: Joe Carlile
  • Senior Advisor – Housing Finance: Alanna McCargo
  • Senior Advisor – Housing and Services: Richard Cho
  • Executive Assistant to the Secretary: Imani Edwards

Office of General Counsel (OGC)

  • Principal Deputy General Counsel: Damon Smith
  • Deputy General Counsel for Enforcement: Sasha Samberg-Champion
  • Senior Counsel: Elly Kugler

Office of Public Affairs (OPA)

  • Deputy Assistant Secretary for Public Affairs: Michael Burns
  • Deputy Assistant Secretary for Public Engagement: Anne Brewer
  • Press Secretary: Meaghan Lynch

Office of Congressional and Intergovernmental Relations (CIR)

  • Deputy Assistant Secretary for Congressional Relations: Sarah Brundage
  • Congressional Relations Specialist: Sahian Valladares

Office of Administration (OA)

  • Director of Advance: Ronald Carson

Office of Policy, Development and Research (PD&R)

  • Deputy Assistant Secretary for Policy Development: Ben Winter
  • Special Advisor to Assistant Secretary: Aaron Shroyer

Federal Housing Administration/Office of Housing (FHA/Housing)

  • Special Assistant: Will Innes

Office of Public and Indian Housing (PIH)

  • Special Assistant: Stephen Lucas

Office of Community, Planning and Development (CPD)

  • Principal Deputy Assistant Secretary: Arthur Jemison
  • Deputy Assistant Secretary for Grant Programs: Kevin Bush
  • Deputy Assistant Secretary for Economic Development: Robin Keegan

Office of Fair Housing and Equal Opportunity (FHEO)

  • Special Policy Advisor: Chang Chiu

HUD: FHA INFO #21-06: COVID-19 Forbearance and HECM Extension

Investor Update
January 26, 2021

Source: HUD

In support of the Biden Administration’s plan to provide economic relief for the individuals and families suffering financial impacts from the coronavirus pandemic, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2021-04, Update to the COVID-19 Forbearance Start Date and the COVID-19 Home Equity Conversion Mortgage (HECM) Extension Period today.

Effective immediately, this ML extends through March 31, 2021, the deadline for single family borrowers with FHA-insured mortgages to request an initial COVID-19 forbearance from their mortgage servicer to defer or reduce their mortgage payments for up to six months. If needed, this forbearance can be extended for an additional six months. This ML also extends the deadline to request the initial extension period for HECM borrowers impacted by the COVID-19 pandemic.

The means of communication between a borrower and their mortgage servicer regarding a COVID-19 forbearance, and the terms of the COVID-19 forbearance, remain the same as established in ML 2020-06 and ML 2020-22.

Quick Links

• All Mortgagee Letters: https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee

Need Support? Contact the FHA Resource Center.

• Visit our knowledge base to obtain answers to frequently asked questions 24/7 at
www.hud.gov/answers.
• E-mail answers@hud.gov. Emails and phone messages will be responded to during normal hours of operation, 8:00 AM to  8:00 PM (Eastern), Monday through Friday on all non-Federal holidays.
• Call 1-800-CALLFHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number by calling the Federal Relay Service at 1-800-877-8339.

Janet Yellen Sworn In As Secretary of the U.S. Department of the Treasury

Industry Update
January 26, 2021

Source: U.S. Department of the Treasury

WASHINGTON – Earlier today, Vice President Kamala D. Harris administered the oath of office to Janet L. Yellen. Secretary Yellen is the first woman to lead the U.S. Department of the Treasury in its 231-year history, and the first person to have served as Treasury Secretary, Chair of the Council of Economic Advisers, and Chair of the Federal Reserve. She has previously been confirmed by the Senate on four separate occasions.

Treasury Announces Appointment of Key Members of Staff

Industry Update
January 25, 2021

Source: U.S. Department of the Treasury

WASHINGTON – Today, the United States Department of the Treasury announced new members of staff who will serve in key roles. These qualified, tested, and skilled leaders will join a team prepared to deliver results by getting the economy back on track, strengthening the financial system, and restoring jobs. These appointees represent diverse and varied communities and will put service to the American people at the forefront of their work. They also reflect the Biden-Harris Administration’s commitment to assembling a team of experts with diverse backgrounds

Biographies of the appointees are listed below in alphabetical order:

NATALIE WYETH EARNEST, COUNSELOR TO THE SECRETARY FOR STRATEGIC COMMUNICATIONS

Natalie Wyeth Earnest is returning to the Treasury Department after serving as Assistant Secretary for Public Affairs during the Obama-Biden Administration. In that role, Earnest was the principal communications advisor to Secretary Jack Lew, and directed public affairs and external communications on issues including economic policy, domestic finance, tax policy, international affairs, and illicit finance. She also managed the communications for Secretary Lew’s confirmation by the U.S. Senate in 2013.  Earnest joined Treasury in 2009, under Secretary Tim Geithner, as the spokesperson for international affairs. Before joining the administration, she served as a spokesperson for the Presidential Inaugural Committee, the 2008 Obama-Biden campaign, and the 2008 Democratic National Convention. Prior to that, she was press secretary for Governor Kathleen Blanco’s Louisiana Recovery Authority, which focused on securing funding, establishing principles for redevelopment, and leading regional planning efforts to rebuild southern Louisiana in the aftermath of Hurricanes Katrina and Rita. Most recently, Earnest managed communications for Treasury Secretary-designate Yellen’s nomination as part of the Biden-Harris Presidential Transition. Earnest received her Bachelor’s degree from the University of Southern California. She lives on Chicago’s North Shore with her husband and their two children.

ARUNA KALYANAM, DEPUTY ASSISTANT SECRETARY FOR TAX AND BUDGET, OFFICE OF LEGISLATIVE AFFAIRS

Aruna Kalyanam is a veteran of Capitol Hill, bringing over 21 years of experience in the tax policy legislative process with her to the Treasury Department’s Office of Legislative Affairs.  Kalyanam most recently served on the Ways and Means Committee as Deputy Chief Tax Counsel and Staff Director of the Select Revenue Measures (the dedicated tax policy Subcommittee) under Chairman Richard E. Neal and Subcommittee Chairman Mike Thompson. She has been involved in every major tax legislative package on Capitol Hill since 2001, and led the Ways and Means Committee’s policy development on renewable energy, energy efficiency, and infrastructure.  A native of Maryland, Kalyanam is a graduate of Washington University in St. Louis and the Washington College of Law at American University.

ALEXANDRA LAMANNA, SPOKESPERSON, OFFICE OF PUBLIC AFFAIRS

Alexandra LaManna joins the Treasury Department from Lyft, Inc., where she was Head of Corporate, Crisis, and Financial Communications. At Lyft, LaManna led strategic communications, crisis and issues management, rapid response, and thought leadership programs. She also served as Lyft’s primary spokesperson and led communications for its 2019 initial public offering. LaManna is a trusted senior advisor with more than a decade of experience advising C-suite executives navigating complex business, competitive, reputational, and regulatory challenges. Prior to Lyft, she was a counselor for the global advisory firm Sard Verbinnen where she worked with clients on corporate positioning, as well as on issues advocacy programs for organizations and high-profile individuals facing crises, regulatory investigations, high-stakes legal challenges, and other sensitive matters. LaManna also oversaw communications efforts for various Cabinet nominees as part of the Biden-Harris Presidential Transition. Originally from New Jersey, she is a graduate of Northwestern University.

ANGEL L. NIGAGLIONI, DEPUTY ASSISTANT SECRETARY FOR APPROPRIATIONS AND MANAGEMENT, OFFICE OF LEGISLATIVE AFFAIRS

Angel L. Nigaglioni most recently served as Legislative Director and Counsel, as well as Appropriations Committee Associate Staff, to Congressman José E. Serrano, the Chairman of the Commerce, Justice, Science Appropriations Subcommittee and Vice-Chairman of the Financial Services and General Government Appropriations Subcommittee. Since 2013, Nigaglioni served under Congressman Serrano and worked on crafting, managing, and accomplishing Mr. Serrano’s legislative and appropriations priorities. Nigaglioni is a proud graduate from The George Washington University and Indiana University Maurer School of Law. Originally from Puerto Rico, he lives in Fairfax, Virginia with his wife.

ADITI HARDIKAR, SENIOR ADVISOR TO THE DEPUTY SECRETARY

Aditi Hardikar most recently served as the Leadership and Training Lead for the Biden-Harris Presidential Transition. She spent three years at the Obama Foundation, first as Chief of Staff with a focus on strategic planning and organizational growth, and then as the Acting Vice President for Operations on the development team, overseeing data and analytics, communications, and research. During the second term of the Obama-Biden Administration, Hardikar was Associate Director in the White House Office of Public Engagement, serving as the primary liaison to the LGBTQ and AAPI communities for issues including economic opportunity, health care, transgender rights, data collection, and youth homelessness. Hardikar served as Coalitions Finance Director for the Clinton-Kaine presidential campaign, helped lead LGBTQ fundraising and outreach efforts on the Obama-Biden reelection campaign, and led LGBTQ and AAPI fundraising and strategy at the Democratic National Committee. Hardikar is a proud graduate of the University of Michigan.

MARK J. MAZUR, DEPUTY ASSISTANT SECRETARY FOR TAX POLICY, OFFICE OF TAX POLICY

Mark J. Mazur was most recently the Robert C. Pozen Director of the Urban-Brookings Tax Policy Center, where he led the organization since 2017. Mazur has served in the federal government for 27 years in various positions.  He was a policy economist at the Congressional Joint Committee on Taxation from 1989 to 1993. He then joined the Clinton-Gore Administration where he served in a number of roles, including: senior economist at the President’s Council of Economic Advisers; senior director at the National Economic Council; chief economist and senior policy adviser to the Secretary of Energy; Director of the Policy Office at the U.S. Department of Energy; and Acting Administrator of the Energy Information Administration. In 2001, he became the Director of Research, Analysis, and Statistics at the Internal Revenue Service. Mazur joined the Obama-Biden Administration in 2009 as Deputy Assistant Secretary for Tax Analysis in the Treasury Department’s Office of Tax Policy. In 2012, he was confirmed as the Assistant Secretary for Tax Policy, and he served in this role until early 2017. Before entering public service, Mazur was an assistant professor in Heinz College at Carnegie-Mellon University. He has a bachelor’s degree in financial administration from Michigan State University and a master’s degree in economics and a Ph.D. in business from Stanford University. A native of New Jersey, Mazur now lives in Silver Spring, Maryland.

DAMIAN RICHARDSON, SPECIAL ASSISTANT, OFFICE OF THE SECRETARY

Damian Richardson served on the Biden-Harris Presidential Transition as the Executive Assistant to Secretary-designate Yellen and the Treasury transition team, working closely with the incoming Chief of Staff to prepare for day one of the Administration. During the 2020 general election, Richardson was a campus organizer in the key battleground state of Wisconsin. Richardson is a recent graduate of Harvard College and a native of Oak Park, Illinois.

Alabama Tornado Severely Damages Multiple Structures

Disaster Alert
January 26, 2021

Source: The Weather Channel

Approximate location (according to media outlets) sustaining structural damage:

Alabama

– Center Point (Jefferson County, 35215, 35220, 35235)
– Fultondale (Jefferson County, 35068)

At a Glance

  • A tornado struck Fultondale, Alabama, overnight.
  • Significant damage and injuries have been reported.

Multiple buildings, including a high school, a motel and dozens of homes, were severely damaged when the tornado struck Fultondale, Alabama, about 10:40 p.m. CST Monday night.

For full report, please click the source link above.

VA: VALERI Servicer Newsflash

Investor Update
January 25, 2021

Source: VA

VALERI Downtime – The application will be unavailable on Thursday, January 28, 2021, from 9:00 to 11:59 p.m. EST for a system deployment. Users must log out of the system by 8:45 p.m. EST. The deployment will include the following items:

LM-18701 – The Servicer Loan Listing report has been amended to only display the most recent loan modification, if a loan has two or more loan modifications.

LM-22739 and LM-21969 – The WebLGY and Servicer Non-Matching report “Reported Date” filter will be corrected and the “Owning” and “Reporting” Servicer ID number columns will be removed.

LM-19068 – The Events with Fatal Rules report will capture all events with fatal and non-fatal rules.

LM-3725 – The Adequacy of Servicing Action Required report will have a new column to capture the reason for default from the Electronic Default Notice primary default reason.

LM-23060 and 19055 – The report tabs on the Post Audit Claim Details report will be corrected to show “Review Post Audit” as the first tab and “Post Audit Claim Details” as the second tab. The sections within the report will be updated to mirror the sections in the Claim Detail Results report.

LM-3761 – VALERI administrators will be able to view user license counts while navigating in the User Administration screen.

To access full announcement, please click the source link above.

Meet Biden’s New CFPB Acting Director

Industry Update
January 21, 2021

Source: HousingWire

After former Consumer Financial Protection Bureau Director Kathy Kraninger stepped down Wednesday at the request of President Joe Biden, Dave Uejio took over as the bureau’s acting director.

Biden named Uejio acting director late Wednesday, moving him from his previous role as CFPB strategy program manager. In that role, he reported to the deputy director, led the 30-person Office of Strategy to define the bureau’s enterprise level strategy and policy priorities, identified and managed enterprise risks, evaluated impact of major programs and drove organizational performance.

Uejio originally joined CFPB in February 2012 as its first lead for talent acquisition, where he created a recruiting program to support the start-up of the bureau. Through the years he has held other roles at the CFPB including strategy program manager, acting deputy chief of staff and acting chief of staff.

“I am obsessed with providing the American people with the world-class federal government they deserve,” Uejio said on his LinkedIn bio. “I help agencies define their strategy, prioritize their work, identify and address the risks standing in the way and leverage data to measure their impact and performance. At the CFPB, that means aligning the incredible experts of the bureau to translate the mission into action.”

Uejio will serve as acting director until Biden’s nomineeFederal Trade Commission Commissioner Rohit Chopra, is confirmed by the Senate as the next director of the CFPB.

To access full article, please click the source link above.

Biden Appoints New HUD Chief of Staff

Industry Update
January 21, 2021

Source: HousingWire

After his inauguration Wednesday, President Joe Biden swore in Jenn Jones as the new chief of staff for the U.S. Department of Housing and Urban Development.

Jones will replace former HUD Chief of Staff Andrew Hughes. She was among several senior appointees who took part in a virtual swearing-in ceremony at the White House led by Biden after the presidential inauguration earlier in the day.

This won’t be Jones’ first time serving at HUD. During former President Barack Obama’s administration, Jones served as senior policy advisor under former HUD Secretary Julian Castro. During that time, Jones was charged with leading HUD’s affirmatively furthering fair housing, neighborhood and community revitalization, rental assistance transformation, criminal justice reform and socio-economic mobility priorities.

Jones served the last four years as chief of membership and policy for the National Community Reinvestment Coalition, where she helped expand the organization’s membership to more than 600 members. She also transformed NCRC’s annual conference into the Just Economy Conference with more than 1,100 attendees and helped shape the organization’s policy agenda for years to come, according to a statement by NCRC.

To access full article, please click the source link above.

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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