Safeguard Properties

FHA Expands Opportunities for Reverse Mortgage ‘Non-Borrowing Spouses’ to Remain in Their Home

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On June 12, the U.S. Department of Housing and Urban Development (HUD) published a press release announcing a revised policy issued by the Federal Housing Administration (FHA) under its Home Equity Conversion Mortgage Program (HECM).

FHA EXPANDS OPPORTUNITIES FOR REVERSE MORTGAGE ‘NON-BORROWING SPOUSES’ TO REMAIN IN THEIR HOME

WASHINGTON – The Federal Housing Administration (FHA) today issued a revised policy under its Home Equity Conversion Mortgage (HECM) Program giving FHA-approved lenders expanded options to allow eligible ‘non-borrowing spouses’ the potential to remain in their home following the death of the last surviving borrower.   Read FHA’s new mortgagee letter.

Last year, FHA amended its HECM policies to allow for the deferral of foreclosure, or ‘due and payable status’ for certain Eligible Non-Borrowing Spouses for case numbers assigned on or after August 4, 2014.  Today’s action allows lenders to offer similar treatment for eligible HECMs and Eligible Non-Borrowing Spouses with FHA case numbers issued before August 4, 2014.       

Under FHA’s revised policy, lenders will be allowed to proceed with submitting claims on HECMs with Eligible Surviving Non-Borrowing Spouses and Case Numbers assigned before August 4, 2014 in accordance with the terms of the mortgagee letter by:

  • Electing to assign the HECM to HUD upon the death of the last surviving borrower, where the HECM would not otherwise be assignable to FHA solely as a result of the death of the borrower. (The Mortgagee Optional Election Assignment)
  • Allowing claim payment following sale of the property by heirs or estate; or
  • Foreclosing in accordance with the terms of the mortgage, and filing an insurance claim under the FHA insurance contract as endorsed.

By electing the Mortgagee Optional Election Assignment (MOE), lenders will be permitted assign an eligible HECM to HUD despite the death of the last surviving borrower and regardless of the loan’s unpaid principal balance.  Following the death of their borrowing spouse, non-borrowing spouses may remain in their home under the following conditions:

  • The lender or servicer agrees;
  • The reverse mortgage was assigned an FHA case number prior to August 4, 2014;
  • They are current in making timely tax and insurance payments;
  • They maintain the property under the terms and conditions of the HECM;
  • They were legally married to the borrowing spouse at the time of the loan closing, OR they were engaged in a committed same-sex relationship with the borrower akin to marriage but were prohibited under state law from legally marrying the borrower at the time of the loan’s origination, but became legally married prior to the death of the borrower;
  • They currently reside and resided in the property as his/her principal residence at the origination of the HECM and throughout the duration of the HECM borrower’s life;
  • They have, or are able to obtain, within 90 days following the last surviving borrower’s death, good, marketable title to the property or a legal right to remain in the property for life; and

They meet all other terms and conditions of the original mortgage contract.

Please click here to view the press release online.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

Fannie Mae SVC-2015-09 Servicing Guide Updates

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On June 10, Fannie Mae released Servicing Guide Announcement SVC-2015-09, subtitled Servicing Guide Updates. 

Servicing Guide Announcement SVC-2015-09

Servicing Guide Updates

The Servicing Guide has been updated to include the following:

  • Introduction to New Fannie Mae Custodial Document Reconciliation Requirements
  • Updates to Requirements Related to Adverse Action
  • Updates to Fannie Mae’s Investor Reporting Manual
  • Extension of Fannie Mae HAMP/2MP and Elimination of Streamlined Modification Program Expiration Dates
  • Updates to Fannie Mae’s Allowable Bankruptcy Attorney Fees Exhibit
  • Miscellaneous Revisions
  • Clarifications to HAMP Borrower “Pay for Performance” Notice Requirements

Please click here to view the announcement in its entirety.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

Fannie Mae Standard Modification Interest Rate Adjustment

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On June 5, Fannie Mae issued Servicing Notice: Fannie Mae Standard Modification Interest Rate Adjustment.

Servicing Notice

Fannie Mae Standard Modification Interest Rate Adjustment

Fannie Mae is adjusting the Fannie Mae Standard Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications, excluding Fannie Mae HAMP Modifications. The servicer must implement the new interest rate indicated on the Fannie Mae Standard Modification Interest Rate Exhibit for any mortgage loan modification evaluation conducted on or after June 12, 2015.

NOTE: As a reminder, the interest rate used to determine the final modification terms must be the same fixed interest rate that was used when determining eligibility for the Trial Period Plan and calculating the Trial Period Plan payment.

Please click here to view the notice online.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

Fannie Mae RVS-2015-02 Reverse Mortgage Loan Servicing Manual Update

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On June 10, Fannie Mae released an announcement titled Reverse Mortgage Loan Servicing Manual Update.

Reverse Mortgage Loan Servicing Manual Announcement RVS-2015-02

Reverse Mortgage Loan Servicing Manual Update

Fannie Mae is updating its policies and requirements in the Reverse Mortgage Loan Servicing Manual (Reverse Manual) 4-05, Initiation of Foreclosure Proceedings, to authorize the servicer to submit a request for a short sale when the surviving spouse or heir(s) request to purchase the property and the transaction is not arms length. The parties involved in such a short sale transaction are required to provide a signed Short Sale Affidavit (Form 191) at closing; however, the servicer must revise the form to delete the arms length requirement between the seller(s) and buyer(s).

Policy Change Effective Date

The servicer must implement these policy changes by August 1, 2015.

The servicer should contact its Reverse Mortgage Loan Servicing Representative in Fannie Mae’s Credit Portfolio Management’s Servicer Support Center at 1-888-FANNIE5 (1-888-326-6435) with any questions regarding this Announcement.

Malloy Evans
Vice President
Credit Portfolio Management

Please click here to view the online announcement.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

Fannie Mae File Transfer Portal Version 4.0 Release Notes

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On June 5, Fannie Mae announced the implementation of File Transfer Portal Version 4.0, scheduled for the weekend of July 11, 2015.

File Transfer Portal Version 4.0 Release Notes

The File Transfer Portal (FTP) application helps to move data quickly between external entities and Fannie Mae applications. This release includes many technical improvements that will make the application more robust and efficient but should be relatively transparent to users. (The details of the technical tickets are not included in this document but can be supplied to anyone interested in them.)

Fannie Mae will implement FTP Release 4.0 over the weekend of July 11, 2015.

Please click here to view the release notes in their entirety.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

Fannie Mae Disaster Assistance Reminder

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On June 5, Fannie Mae released an update reminding servicers of policies that have been put in place to assist impacted borrowers following a disaster. 

Providing Assistance to Borrowers Following a Disaster
Servicers are reminded that Fannie Mae has selling and servicing policies to assist impacted borrowers (or potential borrowers) following a disaster, such as the recent flooding in Texas and Oklahoma. Refer to Assistance in Disasters for information on where to find Fannie Mae’s policies for providing assistance to borrowers impacted by a disaster:

Following a disaster, we rely on our customers to implement our disaster relief policies and assist impacted homeowners. We require servicers to assess property damage and the needs of homeowners in order to provide appropriate relief. In addition, our Account Teams work closely with our customers to determine physical and operational impacts to their business operations and their ability to service mortgages owned or guaranteed by Fannie Mae.
 
How to Respond in the Event of a Disaster
 
Look for Fannie Mae Announcements
When a significant disaster occurs that adversely affects either the value or habitability of mortgaged properties or borrower’s ability to make further payments or payments in full on mortgage loans, we may issue special announcements such as press releases, Guide Announcements, Lender Letters, or Notices with updates or temporary relief policies.
 
Refer to the Selling Guide and Servicing Guide
For mortgage loans not yet acquired by Fannie Mae, the Selling Guide describes our policies related to properties affected by a disaster. We also provide relief by providing lenders with mortgage loan flexibilities for borrowers seeking a mortgage loan following a disaster. Our servicing policies related to disasters are included the Servicing Guide and may be amended by Servicing Guide Announcements or Lender Letters.
 
Where to Find Selling Guide Requirements for Disaster Relief
Our selling policy covering disasters can be found in the Selling Guide in the following topics:

  • B2-3-05, Properties Affected by a Disaster;
  • B3-4.3-07, Disaster Relief Grants or Loans;
  • B5-4-02, Disaster-Related Limited Cash-Out Refinance Flexibilities; and
  • B5-5.2-01, DU Refi Plus and Refi Plus Eligibility.

In addition, borrowers may use lump-sum disaster-relief grants or loans to satisfy Fannie Mae’s minimum borrower contribution requirement.
 
Where to Find the Servicing Guide Requirements for Disaster Relief
Our servicing policy covering disasters can be found in the Servicing Guide in Chapter D1-3: Providing Assistance to a Borrower Impacted by a Disaster.

Please click here to view Assistance in Disasters online.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

VA Circular 26-15-9: Servicer Statutory Redemption Procedure

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Investor Update
May 18, 2015

1. Purpose. This Circular provides guidance on the procedure to redeem a Department of Veterans Affairs (VA) property, post-foreclosure, in a state which allows “statutory redemption.” The standardization of the procedure will ensure the accuracy and uniformity of the redemption process for foreclosed properties, guaranteed by VA loans, which were transferred to VA prior to the expiration date of the redemption period.

2. Background. Statutory redemption, as opposed to equitable redemption, is permitted in only those states whose foreclosure statutes provide that a (former) borrower may redeem their mortgage after foreclosure of their home has occurred, within a specified period of time. The redemption period varies by the state statute and ranges from 30 days to 2 years. At the time of redemption, the entire underlying mortgage debt, plus interest and other costs (such as foreclosure fees and expenses) are due. In most cases, redeemed property has been transferred to VA from the servicer prior to the end of the redemption period. At redemption, however, the (former) borrower or local authority, such as the sheriff’s office, obtains the payoff figure from the loan servicer or foreclosure attorney and pays this amount to the loan servicer. The loan servicer transmits the redemption funds to VA through its property management contractor, Vendor Resource Management (VRM).

a. Redemption payments to VRM are payable to “The Secretary of Veterans Affairs” and can be made by check or a direct bank transfer pursuant to the instructions located on the VALERI website at: http://www.benefits.va.gov/HOMELOANS/documents/docs/Redemption_instructions.pdf.

3. Concerns. In some instances, loan servicers are providing the redeeming party an inaccurate redemption quote because it does not take into account fees and costs VA has incurred during the period in which VA owned the property, post-foreclosure sale. These fees and costs include, but are not limited to, homeowner association fees, real estate taxes, other assessments and certain VRM fees. VRM, not the loan servicer, is the only party who can calculate an accurate redemption amount because VRM facilitates the disbursement and tracking of VA funds expended during the period of VA ownership of foreclosed properties. When loan servicers provide a redemption quote without first consulting VRM for the exact figure, the amount redeemed may be insufficient to reimburse VA for property-related expenses.

4. Notice. Effective immediately, all loan servicers are required to request a redemption quote from VRM, through an email to VRM?redemption@vrmco.com, at least 5-business days before they intend to provide the information to the redeeming party. If the former borrower indicates that time is of the essence due to the imminent expiration of the redemption period, the loan servicer should indicate the urgency and request expedited processing. The e-mail request to VRM should include the property address, the VA loan identification number, the former borrower’s name, and the VRM Asset ID Number, if available.

VRM will provide an e-mail response containing the total redemption amount due within 2-business days of receipt. The figure provided by VRM will be the only redemption quote acceptable to VA. If a non-VRM quote is used by the loan servicer and VA or VRM later determines that the redemption amount collected was insufficient to reimburse VA’s costs, VA may request the amount of the deficiency from the loan servicer.

5. Rescission: This Circular is rescinded January 1, 2018.

By Direction of the Under Secretary for Benefits

Michael J. Frueh
Director, Loan Guaranty Service

Source: VA

VA Circular 26-15-19 Servicer Statutory Redemption Procedure

Posted on by Safeguard

On May 18, the U.S. Department of Veterans Affairs (VA) issued Circular 26-15-9 , subtitled Servicer Statutory Redemption Procedure.

Veterans Benefits Administration Circular 26-15-9
Department of Veterans Affairs
Washington, DC 20420

Servicer Statutory Redemption Procedure

1. Purpose. This Circular provides guidance on the procedure to redeem a Department of Veterans Affairs (VA) property, post-foreclosure, in a state which allows “statutory redemption.” The standardization of the procedure will ensure the accuracy and uniformity of the redemption process for foreclosed properties, guaranteed by VA loans, which were transferred to VA prior to the expiration date of the redemption period.

2. Background. Statutory redemption, as opposed to equitable redemption, is permitted in only those states whose foreclosure statutes provide that a (former) borrower may redeem their mortgage after foreclosure of their home has occurred, within a specified period of time. The redemption period varies by the state statute and ranges from 30 days to 2 years. At the time of redemption, the entire underlying mortgage debt, plus interest and other costs (such as foreclosure fees and expenses) are due. In most cases, redeemed property has been transferred to VA from the servicer prior to the end of the redemption period. At redemption, however, the (former) borrower or local authority, such as the sheriff’s office, obtains the payoff figure from the loan servicer or foreclosure attorney and pays this amount to the loan servicer. The loan servicer transmits the redemption funds to VA through its property management contractor, Vendor Resource Management (VRM).

a. Redemption payments to VRM are payable to “The Secretary of Veterans Affairs” and can be made by check or a direct bank transfer pursuant to the instructions located on the VALERI website at:
http://www.benefits.va.gov/HOMELOANS/documents/docs/Redemption_instructions.pdf.

3. Concerns. In some instances, loan servicers are providing the redeeming party an inaccurate redemption quote because it does not take into account fees and costs VA has incurred during the period in which VA owned the property, post-foreclosure sale. These fees and costs include, but are not limited to, homeowner association fees, real estate taxes, other assessments and certain VRM fees. VRM, not the loan servicer, is the only party who can calculate an accurate redemption amount because VRM facilitates the disbursement and tracking of VA funds expended during the period of VA ownership of foreclosed properties. When loan servicers provide a redemption quote without first consulting VRM for the exact figure, the amount redeemed may be insufficient to reimburse VA for property-related expenses.

4. Notice. Effective immediately, all loan servicers are required to request a redemption quote from VRM, through an email to VRM?redemption@vrmco.com, at least 5-business days before they intend to provide the information to the redeeming party. If the former borrower indicates that time is of the essence due to the imminent expiration of the redemption period, the loan servicer should indicate the urgency and request expedited processing. The e-mail request to VRM should include the property address, the VA loan identification number, the former borrower’s name, and the VRM Asset ID Number, if available.

VRM will provide an e-mail response containing the total redemption amount due within 2-business days of receipt. The figure provided by VRM will be the only redemption quote acceptable to VA. If a non-VRM quote is used by the loan servicer and VA or VRM later determines that the redemption amount collected was insufficient to reimburse VA’s costs, VA may request the amount of the deficiency from the loan servicer.

5. Rescission: This Circular is rescinded January 1, 2018.

By Direction of the Under Secretary for Benefits

Michael J. Frueh
Director, Loan Guaranty Service

Please click here to view the online circular.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

Representative Waters Asks HUD for More Transparency for Non-Borrowing Spouses on HECMs

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On May 28, DS News published an article discussing a letter written by U.S. Representative Maxine Waters (D-California) to Department of Housing and Urban Development (HUD) Secretary Julian Castro.

Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs

U.S. Representative Maxine Waters (D-California) has written a letter to Department of Housing and Urban Development (HUD) Secretary Julián Castro asking for relief and more transparency for seniors participating in HUD’s Home Equity Conversion Program (HECM).

At the center of the issue is the fate of surviving non-borrowing spouses upon the death of the last remaining note holder listed on the mortgage for HECM participants. In late April, the Federal Housing Administration (FHA) has issued a memo announcing the rescinding of a mortgagee letter written in January that would have allowed reverse mortgage lenders the option of delaying foreclosure proceedings on surviving non-borrowing spouses.

In an announcement regarding the letter to Castro, Waters said that many senior citizens have faced foreclosure or will face foreclosure due to “fraudulent lending practices” on the part of lenders surrounding HUD’s previous protocol for the HECM program. Until recently, the age of the youngest borrower was used in calculating the payout on the reverse mortgage, which Waters said created a “perverse incentive” for the lenders to remove the younger borrower from the mortgage title. Waters said lenders deceived borrowers in many cases about the consequences of removing the younger borrower from the title, and many non-borrowing spouses were foreclosed on as a result.

Waters told the HUD Secretary in her letter that while the Department has taken a number of steps to address the issue, she believes that HUD “has fallen short of providing meaningful relief or transparency in its decision-making process.”

As a result of this, she suggested that HUD revisit the issue in order to make some changes.

“[F]irst, I urge the Department to carefully study this issue, and recalibrate the Department’s response based on the concerns articulated in this letter,” Waters wrote. “Secondly, I urge you to share the data requested herein with my office so that Congress and the public can better understand the scope of the challenges facing impacted senior homeowners.”

Waters said she was especially concerned about non-borrowing spouses with HECM loans that were originated prior to August 4, 2014, saying there is a “lack of relief” provided to those affected and that HUD showed a “lack of transparency” in its decision-making process.

“I urge you to reconsider the limited scope of relief that HUD has offered thus far in response to the concerns raised by senior borrowers and advocates working on their behalf,” Waters said. “While I understand the tension created by the need to balance the fiscal condition of the MMIF (Mutual Mortgage Insurance Fund), and to protect borrowers who have been victimized by unfair lending tactics, I hope that HUD will do everything in its power to provide much needed relief to these senior citizens.”

A spokesperson for HUD told DS News in an email, “we’ve received Congresswoman Waters’ letter and will be responding to her concerns shortly.”

To read the full text of Waters’ letter, click here.

Please click here to view the article online.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

MHA Program Update: SD 15-04 Making Home Affordable Program Extension and Administrative Clarifications

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On May 21, Making Home Affordable (MHA) released an update titled MHA Program Extension and Administrative Clarifications.

MHA Program Update

Supplemental Directive 15-04: Making Home Affordable Program Extension and Administrative Clarifications

Today, May 21, 2015, Supplemental Directive (SD) 15-04: Making Home Affordable (MHA) Program – MHA Program Extension and Administrative Clarifications was issued providing guidance to servicers for implementation of the extension of MHA for Non-GSE Mortgages, specifically the:

  • Home Affordable Modification Program® (HAMP),
  • Home Affordable Unemployment Program?(UP),
  • Home Affordable Foreclosure Alternatives® (HAFA) Program,
  • Second Lien Modification Program? (2MP),
  • Treasury Federal Housing Administration HAMP (Treasury FHA-HAMP), and
  • Rural Development HAMP (RD-HAMP).

In addition, this Supplemental Directive provides administrative updates and clarifications to HAMP®, UP, and HAFA®.

The guidance in this SD applies to servicers that are subject to the terms of a Servicer Participation Agreement (SPA).

This Supplemental Directive amends and supersedes the notated portions of the Handbook and is effective immediately.

This SD does not apply to mortgage loans that are:

  • owned, securitized or guaranteed by Fannie Mae or Freddie Mac,
  • insured or guaranteed by the Department of Veterans Affairs, and
  • except as stated herein, insured or guaranteed by the Federal Housing Administration or by the Department of Agriculture’s Rural Housing Service.

Read SD 15-04 in its entirety for more information.

Please click here to view the online update.

About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.