Safeguard Properties

Fannie Mae: Recorded Webinars and More Training Opportunities Available

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On May 13, Fannie Mae announced several recorded webinars that are currently available on FannieMae.com.

Recorded Webinars Available on FannieMae.com
The following recorded webinars are currently available on the HFI™ Spotlight page:

Updates to Fannie Mae’s MyCity Modification:
Reviews updated requirements for Fannie Mae’s MyCity Modification as announced in Servicing Guide Announcement SVC-2014-22 and incorporated into the 2015 Servicing Guide at D2-3.2-11.

Updates to Borrower “Pay for Performance” Incentives for a Fannie Mae HAMP Modification:
Covers the policy updates and requirements indicated in Lender Letter 2015-01: Notification of Future Updates to Borrower “Pay for Performance” Incentives for a Fannie Mae HAMP Modification.

Third Party Sales Foreclosure Bidding Instructions:
Designed to help servicers understand Fannie Mae’s updates to foreclosure bidding instructions and third party sales as covered in Lender Letter LL-2014-09. This course explains the policy changes and the process for requesting foreclosure sale bidding instructions from Fannie Mae prior to a scheduled foreclosure sale.

Build the Skills You Need
With HFI InDepth, you’ll learn from expert instructors and get your questions answered — all in an online virtual classroom. Register today for an upcoming course:

Visit Fannie Mae’s HFI InDepth Page today to see the full calendar of classes and to register!

Please click here to view the Fannie Mae servicing news update 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.

White House Threatens to Veto Bill That Cuts CFPB Funding

Posted on by Safeguard

On April 21, DS News published an article discussing H.R. 1195, a proposed amendment that according to the White House, would reduce the amount of funding the Consumer Financial Protection Bureau (CFPB) director can request.

White House Threatens to Veto Bill That Cuts CFPB Funding

President Barack Obama has threatened to veto a proposed amendment to the Consumer Financial Protection Act of 2010 that the White House claims would reduce the amount of funding the CFPB director can request.

H.R. 1195, known as the Bureau of Consumer Financial Protection Advisory Boards Act, was introduced in the House by Robert Pittenger (R-North Carolina) and Denny Heck (D-Washington) on March 2. The bill calls for the establishment of advisory boards or councils within the CFPB of 15 to 20 members each for small businesses, credit unions, and community banks. The stated purpose of each advisory board or council is to “advise and consult” with the CFPB on issues that impact their respective groups. The bill was approved in the House Financial Services Committee earlier this year by a vote of 53 to 5.

A recently proposed amendment to the bill by House Financial Services Committee Jeb Hensarling (R-Texas), however, reduces the amount of funding the CFPB director can request by about $45 million and $100 million for the fiscal years of 2020 and 2025, respectively. The White House said in its statement that “These reductions to the caps could result in, among other things, undermining critical protections for families from abusive and predatory financial products.”

The bill’s co-sponsor, Heck, is urging his fellow Democrats to oppose the amendment to the bill, saying that Hensarling “put the torch” to his bill.

Republicans have been attempting to chip away at the CFPB, and at the Dodd-Frank Act which created the Bureau, for the last three years but have made an extra push since gaining a majority in both the House and the Senate last November. Democrats have vowed to fight the Republicans’ attempts to reduce Dodd-Frank or the CFPB’s power, but last week, a bill passed in the House with overwhelming bipartisan support (a vote of 401 to 2) that would subject the CFPB to the provisions of the Federal Advisory Committee Act, making the proceedings of each advisory committee and subcommittee of the CFPB open to the public. The bill was one of several introduced in early March by Representative Sean Duffy (R-Wisconsin).

Other legislation attempting to reform the CFPB is currently pending. In February, Representatives Steve Stivers (R-Ohio) and Tim Walz (D-Minnesota) revived a bipartisan bill that would create an independent Inspector General for the CFPB that is appointed by the president and approved by the Senate. The Bureau currently shares an IG with the Federal Reserve, a position that is appointed by the Fed chair and not subject to Senate approval.

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.

VALERI Servicer Newsflash

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On April 10, the U.S. Department of Veterans Affairs (VA) released a VALERI Servicer Newsflash.

VALERI Servicer Newsflash

IMPORTANT INFORMATION
Transfer of Custody (TOC) Processing Defect – VA has identified a defect regarding the TOC event submitted on the Bulk Upload spreadsheet. The TOC events are rejecting due to the “Date of Confirmation/ Ratification of Sale” fields not being populated; however, we have confirmed that the Date of Confirmation/Ratification of Sale is being reported on the bulk upload spreadsheet for the appropriate states, as required. This defect will be fixed with our VALERI 3.4 manifest release tentatively scheduled for June. If you find a TOC that rejected due to this reason, please report the TOC manually in the Servicer Web Portal (SWP). This action must be taken to correct the issue until the fix is released. If you have any questions or concerns, please reach out to the VALERI helpdesk at valerihelpdesk.vbaco@va.gov.

Circular 26-15-2 – Reconveyance Disputes Process was issued on March 13, 2015, and is located on the VALERI Internet site.

REMINDER
Deficiency Waiver Letter (DWL) – Under 38 CFR 36.4323, a DWL must be sent to the borrower no later than 15-calendar days after receipt of the guaranty claim payment on all loans where VA paid a maximum guaranty claim and the property was conveyed to VA. The DWL must include the amount of waived indebtedness. At time of post audit, if a servicer fails to provide evidence validating a deficiency waiver notice was sent, meeting all regulatory requirements, a regulatory infraction will be added to the loan.

DEVELOPMENT UPDATES
On Saturday, April 11, 2015, VALERI Manifest 3.3 will be deployed. The following system enhancements will be included:

CQ 10711 –The description of the DWL has changed. It now shows as “Deficiency Waiver Letter only when property conveyed and max guaranty claim”.

Please click here to view the newsflash online.

Please click here to view Circular 26-15-2 [pdf].

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 26-15-4 Policy Changes for Specially Adapted Housing Compliance Inspector Exam and Compliance Inspector Qualifications

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On April 9, the U.S. Department of Veterans Affairs (VA) issued Circular 26-15-4, subtitled Policy Changes for Specially Adapted Housing Compliance Inspector Exam and Compliance Inspector Qualifications.

Veterans Benefits Administration Circular 26-15-4
Department of Veterans Affairs
Washington, DC 20420

Policy Changes for Specially Adapted Housing Compliance Inspector Exam and Compliance Inspector Qualifications

1. Purpose. The purpose of this Circular is to update certain policies related to the Compliance Inspector (CI) exam and qualifications outlined in VA Manual M26-12, Revised, Specially Adapted Housing (SAH) Grant Processing Procedures, Loan Guaranty Operations for Regional Offices.

2. Background. Prior to the release of VA Manual M26-12, Revised, in February 2014, an exam was administered by Regional Loan Centers (RLCs) to test potential CIs on their knowledge of building codes and practices. In completing the revised manual, SAH policy staff determined that the exam was ineffective because building codes and practices vary significantly by state and region. Moreover, the exam did not address SAH-specific building practices, procedures, and minimum property requirements (MPRs). Upon release of VA Manual M26-12, Revised, SAH policy staff instructed RLCs to discontinue use of the existing CI exam until a replacement was provided.

a. The SAH policy staff created a new CI exam that focuses on SAH-specific building practices, procedures, and MPRs. This “open book” exam is designed to be used both as a training tool and a means of measuring a potential CI’s knowledge of relevant SAH material prior to being admitted to the CI panel.

3. Action. Effective immediately, the following policies are in effect regarding the CI exam and CI qualifications:

a. RLCs will begin administering the new CI exam to ALL new, potential CIs. This is an open book exam that must be passed with a score of 70 percent or greater. If the potential CI fails to achieve a score of 70 percent or greater on the first attempt, the test may be retaken after a waiting period of 10-business days. If the potential CI fails to achieve a score of 70 percent or greater on the second or future attempts, the waiting period between retakes is 6months.
b. CI applicants that possess the International Code Council (ICC) Certification or local/state licenses are no longer exempt from the testing requirement.
c. Current CI panel members are exempt from the testing requirement.
d. RLCs must record the CI’s application material in the Stakeholder Information Management (SIM) system prior to assigning any work to the CI. These documents include:
(1) VA Form 26-6681, Application for Fee or Roster Personnel Designation
(2) The Compliance Inspector Exam(s)
(3) Satisfactory Credit Alert Interactive Voice Response System (CAIVRS) screening results.
(4) An active inspector license, if required by the state. The RLC of jurisdiction is responsible for monitoring all CI licenses and ensuring that they are renewed/updated no later than the date of expiration.

(LOCAL REPRODUCTION AUTHORIZED)

4. Questions. If you have any questions regarding the implementation of these procedures, please contact Betty Rhoades at (202) 632-8801 or betty.rhoades@va.gov.

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.

OCC Bulletin 2015-25: Real Estate Settlement Procedures Act

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On April 14, the Office of the Comptroller of the Currency (OCC) issued OCC Bulletin 2015-25, subtitled Real Estate Settlement Procedures Act.

OCC BULLETIN 2015-25

Subject: Real Estate Settlement Procedures Act

Description: Revised Comptroller’s Handbook Booklet and Rescissions

Summary

The Office of the Comptroller of the Currency (OCC) issued today the “Real Estate Settlement Procedures Act” booklet of the Comptroller’s Handbook. This revised booklet replaces a similarly titled booklet issued in October 2011 and provides updated information resulting from recent changes made to Regulation X (12 CFR 1024) regarding mortgage servicing and loss mitigation.
 
Note for Community Banks

The “Real Estate Settlement Procedures Act” booklet applies to examinations of all national banks and federal savings associations (collectively, banks) that engage in residential mortgage lending. Specific changes to this booklet are applicable to banks that service mortgage loans and offer loss mitigation programs.
 
Highlights

The “Real Estate Settlement Procedures Act” booklet reflects the

  • transfer of rulemaking authority for Regulation X from the U.S. Department of Housing and Urban Development (HUD) to the Consumer Financial Protection Bureau (CFPB).
  • new requirements relating to mortgage servicing.
  • new loss mitigation procedures.
  • new prohibitions against certain acts and practices by servicers of federally related mortgage loans with regard to responding to borrower assertions of error and requests for information.
  • new examination procedures for determining compliance with the new requirements relating to mortgage servicing.

Background

The Dodd-Frank Wall Street Reform and Consumer Protection Act granted rulemaking authority under the Real Estate Settlement Procedures Act (RESPA) to the CFPB. In December 2011, the CFPB restated HUD’s implementing regulation at 12 CFR 1024.

On January 17, 2013, the CFPB issued a final rule to amend Regulation X. The final rule includes substantive and technical changes to the servicing transfer notice requirements and implements new procedures and notice requirements related to borrower’s error resolution and information requests. The final rule also includes new provisions related to escrow payments, force-placed insurance, and general servicing policies, procedures, and requirements.

On July 10, 2013, and September 13, 2013, the CFPB issued final rules to further amend Regulation X. The new language includes changes to the provisions on the relation to state law for Regulation X’s servicing provisions, to the procedure requirements for loss mitigation, and to the requirements relating to notices of error and information requests. On October 15, 2013, the CFPB issued an interim final rule to further amend Regulation X to exempt servicers from the early-intervention requirements in certain circumstances. The Regulation X amendments became effective on January 10, 2014.

In November 2013, the Federal Financial Institutions Examination Council’s Consumer Compliance Task Force approved the updated interagency examination procedures, which are contained in the revised “Real Estate Settlement Procedures Act” booklet.

The issuance of this booklet rescinds the following documents:

  • OCC Bulletin 2002-3, “Real Estate Settlement Procedures Act: Examiner Guidance—Mark-Up of Settlement Service Fees” (January 15, 2002)
  • OCC Bulletin 2010-35, “Real Estate Settlement Procedures Act: Updated Examination Procedures” (September 9, 2010)
  • OCC Bulletin 2014-7, “Consumer Compliance: Interagency Examination Procedures for Consumer Compliance” (March 14, 2014

The issuance of this booklet makes applicable to federal savings associations the following OCC document:

  • Advisory Letter 1998-15, “Real Estate Settlement Procedures Act (RESPA),
    Escrow Accounts” (September 24, 1998)
     

For further information, contact your supervisory office or the OCC’s Compliance Policy Division at (202) 649 5470.

 Grovetta N. Gardineer
 Deputy Comptroller for Compliance Operations and Policy

Related Link
 “Real Estate Settlement Procedures Act” (PDF)

Please click here to view the online bulletin.

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 HAMP Reporting Update September 2015 Release Communications Plan Posted

Posted on by Safeguard

On April 24, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled September 2015 Release Communications Plan Posted.

HAMP REPORTING UPDATE April 24, 2015

September 2015 Release Communications Plan Posted

The communications plan for the September 2015 Release has been posted on the open and secure sections of HMPadmin.com. This plan provides a high-level overview of the upcoming release with key milestones identified.

Please review the September 2015 Release Communications Plan for more details. This plan can be found in the Release Notes tab under the Loan Reporting Documents section on HMPadmin.com.

Questions?
Email the HAMP Solution Center or call 1-866-939-4469.

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.

MHA HAMP Reporting Update March 2015 UP Survey Reminder

Posted on by Safeguard

On April 9, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled March 2015 UP Survey Reminder.

HAMP REPORTING UPDATE

March 2015 UP Survey Reminder

The March 2015 Home Affordable Unemployment Program (UP) survey will be available on HMPadmin.com (login required) beginning Wednesday, April 15, 2015. Servicers that have executed a Servicer Participation Agreement (SPA) and have cumulative UP forbearance activity must complete and upload their UP survey response to the HAMP Reporting Tool by Wednesday, April 22, 2015.

SPA servicers that have any cumulative UP forbearance activity as of March 31, 2015 should submit an UP survey by April 22, 2015.

For details on downloading and submitting the UP survey response, log in to HMPadmin.com, navigate to the HAMP Loan Reporting Tools & Documents area, and select the UP Survey tab.

Questions?
For more information, email the HAMP Solution Center or call 1-866-939-4469.

For questions specifically regarding the survey contents, email the HAMP Servicer Survey team.

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.

MHA HAMP Reporting Update March 2015 UP Survey Now Available

Posted on by Safeguard

On April 15, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled March 2015 UP Survey Now Available.

HAMP REPORTING UPDATE

March 2015 UP Survey Now Available

The March 2015 UP survey is now available on HMPadmin.com (login required). Servicers that have executed a Servicer Participation Agreement (SPA) and that have cumulative UP activity must complete and upload their UP survey response to the HAMP Reporting Tool (login required) by Wednesday, April 22, 2015.

SPA servicers that have any cumulative UP activity as of March 31, 2015 must submit an UP survey at this time.

For details on downloading and submitting the UP survey response, log in to HMPadmin.com, navigate to the HAMP Loan Reporting Tools & Documents area, and select the UP Survey tab.

Questions?
For more information, email the HAMP Solution Center or call 1-866-939-4469.

For questions specifically regarding the survey contents, email the HAMP Servicer Survey team.

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.

MHA HAMP Reporting Update HMPadmin.com Weekend Availability

Posted on by Safeguard

On April 27, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled HMPadmin.com Weekend Availability.

HAMP REPORTING UPDATE

HMPadmin.com Weekend Availability

Due to system maintenance, users of HMPadmin.com may find the site intermittently unavailable from 8:00 a.m. through midnight on Saturday, May 2, 2015. Servicers may not be able to access HMPadmin.com during those hours.

The HAMP Reporting Tool and NPV Transaction Portal will not be impacted by this system maintenance.

Servicers can use the links in this email to navigate directly to those portals.

Questions?
Email the HAMP Solution Center or call 1-866-939-4469.

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.

HUD Returns Detroit Housing Commission to Local Control

Posted on by Safeguard

On March 31, the U.S. Department of Housing and Urban Development (HUD) issued a press release titled HUD Returns Detroit Housing Commission to Local Control.

HUD RETURNS DETROIT HOUSING COMMISSION TO LOCAL CONTROL

WASHINGTON – After almost 10 years, the U.S. Department of Housing and Urban Development (HUD) announced today that it returned the Detroit Housing Commission (DHC) to local control from federal receivership effective March 16, 2015.  HUD took possession of the DHC in July 2005 because of un-auditable financial records, the distressed physical condition of housing units, significant regulatory compliance deficiencies, and HOPE VI grants that were in default for lack of progress with redevelopment projects.

Part of the improvement actions taken by HUD and the DHC included hiring an Executive Director to manage and oversee day-to-day operations, completing reductions in staffing levels to fit the current asset management of the DHC, increasing the occupancy rate of public housing units to 97 percent (up from 70% in 2005). 

“Today represents an important milestone in Detroit’s road to recovery,” said HUD Secretary Julián Castro.  “After a decade of federal oversight, I am pleased to say that the once-troubled Detroit Housing Commission has made a complete turnaround and that HUD is handing back the keys to Mayor Mike Duggan and the agency’s Board of Commissioners.  It’s because of our partnership with local leaders and public housing residents that the people of this great city once again have a housing commission that they can count on.”

“The Detroit Housing Commission plays a critical role in making sure low-income Detroiters have access to quality, affordable housing,” said Detroit Mayor, Mike Duggan. “I’d like to thank our partners at HUD and the Housing Commission for their hard work in making this day possible. We look forward to building on the progress they already have made.”

The DHC has demonstrated consistent accountability and progress, which prompted HUD to return the Housing Commission to local control. Since 2007 the DHC has received a full audit with an unqualified financial opinion, and since 2010 it has met significant financial and management requirements to comply with HUD regulations.  In 2014, the DHC received a passing HUD inspection score for every public housing development for the first time in more than two decades, and achieved the designation of “Standard Performer” while improving their public housing assessment score of 84 percent, up from 24 percent in 2005.

The DHC has also substantially completed the construction of the delayed HOPE VI projects, including the Cornerstone Estates, Emerald Springs Apartments, the Woodbridge Estates and the Gardenview Estates, creating or rehabilitating over 500 public housing units.

A new five member Board of Commissioners was appointed by Mayor Mike Duggan on March 16, 2015 and will be providing oversight of the DHC. For more information on the DHC please visit www.dhcmi.org.

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.