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Black Knight: Mortgage Delinquency Rate Increased Slightly in July

Posted on August 30, 2023August 31, 2023 by Safeguard
Black Knight: Mortgage Delinquency Rate Increased Slightly in July

Industry Update
August 23, 2023

Source: Calculated Risk

According to Black Knight’s First Look report, the percent of loans delinquent increased 2.9% in July compared to June and decreased 3.6% year-over-year.

Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.21% in July, up from 3.12% the previous month.

The percent of loans in the foreclosure process decreased slightly in July to 0.42%, from 0.42% the previous month.

The number of delinquent properties, but not in foreclosure, is down 39,000 properties year-over-year, and the number of properties in the foreclosure process is down 4,000 properties year-over-year.

 

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Posted in Industry Updates, Featured ResourcesTagged First Look Report, Mortgage Delinquency Rate, foreclosure rate, Industry Alert, Industry Update, Black KnightLeave a Comment on Black Knight: Mortgage Delinquency Rate Increased Slightly in July

FEMA Fire Management Assistance Declaration – Louisiana Providence Fire

Posted on August 29, 2023 by Safeguard
FEMA Fire Management Assistance Declaration – Louisiana Providence Fire

FEMA Alert
August 25, 2023

FEMA has issued a Fire Management Assistance Declaration for the state of Louisiana to supplement state, tribal and local response efforts in areas affected by the Providence Fire beginning August 25, 2023 and continuing.  The following areas have been approved for assistance:

Public Assistance:

  • Vernon (Parish)

 

Louisiana Providence Fire (FM-5484-LA)

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

Posted in FEMA Alerts, Featured ResourcesTagged FEMA Alert, Providence Fire, Fire Management Assistance Declaration, Industry Alert, Louisiana, FEMA

FEMA Fire Management Assistance Declaration – Louisiana Lions Camp Road Fire

Posted on August 29, 2023 by Safeguard
FEMA Fire Management Assistance Declaration – Louisiana Lions Camp Road Fire

FEMA Alert
August 27, 2023

FEMA has issued a Fire Management Assistance Declaration for the state of Louisiana to supplement state, tribal and local response efforts in areas affected by the Lions Camp Road Fire beginning August 26, 2023 and continuing.  The following areas have been approved for assistance:

Public Assistance:

  • Vernon (Parish)

 

Louisiana Lions Camp Road Fire (FM-5485-LA)

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

Posted in FEMA Alerts, Featured ResourcesTagged FEMA, Lions Camp Road Fire, Fire Management Assistance Declaration, FEMA Alert, Industry Alert, Louisiana

FEMA Major Disaster Declaration – Burns Paiute Tribe Severe Storm, Flooding, Landslides and Mudslides

Posted on August 29, 2023August 30, 2023 by Safeguard
FEMA Major Disaster Declaration – Burns Paiute Tribe Severe Storm, Flooding, Landslides and Mudslides

FEMA Alert
August 28, 2023

***Please note: Only properties located within the Burns Paiute Indian Reservation are eligible for assistance.***

FEMA has issued a Major Disaster Declaration to the Burns Paiute Tribe of Oregon to supplement response and recovery efforts due to a severe storm, flooding, landslides and mudslides from June 11-12, 2023.  The following areas has been approved for assistance:

Public Assistance:

  • Burns Paiute Indian Reservation

 

Burns Paiute Tribe Severe Storm, Flooding, Landslides and Mudslides (DR-4733-OR)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Burns Paiute Tribe

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

Posted in FEMA Alerts, Featured ResourcesTagged Burns Paiute Tribe, FEMA Alert, Industry Alert, major disaster declaration, Oregon, FEMA

FEMA Emergency Management Declaration – Florida Tropical Storm Idalia

Posted on August 28, 2023August 29, 2023 by Ashley Shepherd
FEMA Emergency Management Declaration – Florida Tropical Storm Idalia

FEMA Alert
August 28, 2023

***LAST UPDATED 8/29/23***

FEMA has issued an Emergency Management Declaration for the state of Florida to supplement state and local response efforts to the emergency conditions in the areas affected by Tropical Storm Idalia beginning August 27, 2023 and continuing.  The following areas has been approved for assistance:

Public Assistance:

  • Alachua
  • Baker
  • Bay
  • Bradford
  • Calhoun
  • Charlotte
  • Citrus
  • Clay
  • Collier
  • Columbia
  • DeSoto
  • Dixie
  • Duval
  • Flager
  • Franklin
  • Gadsden
  • Gilchrist
  • Gulf
  • Hamilton
  • Hardee
  • Hernando
  • Hillsborough
  • Jefferson
  • Lafayette
  • Lake
  • Lee
  • Leon
  • Levy
  • Liberty
  • Madison
  • Manatee
  • Marion
  • Nassau
  • Pasco
  • Pinellas
  • Polk
  • Putnam
  • Sarasota
  • Seminole
  • St. Johns
  • Sumter
  • Suwannee
  • Taylor
  • Union
  • Volusia
  • Wakulla

 

Florida Tropical Storm Idalia (EM-3596-FL)

President Joseph R. Biden, Jr. Approves Emergency 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

Posted in FEMA Alerts, Featured ResourcesTagged FEMA Alert, Tropical Storm Idalia, Emergency Management Declaration, Industry Alert, FEMA, Florida

Idalia Live Briefing: Florida Braces for Major Hurricane as Storm Strengthens

Posted on August 28, 2023August 28, 2023 by Safeguard
Idalia Live Briefing: Florida Braces for Major Hurricane as Storm Strengthens

Disaster Alert
August 28, 2023

Source:  MSN/The Washington Post

Tropical Storm Idalia (pronounced “ee-DAL-ya”) strengthened quickly Sunday night and is forecast to strike Florida’s Gulf Coast as a major hurricane Wednesday after drawing strength from the record-warm Gulf of Mexico. The storm is projected to come ashore between Tampa Bay and the eastern Florida Panhandle, unleashing “a life-threatening storm surge and hurricane-force winds,” according to the National Hurricane Center. The greatest risk is in the Big Bend region of Florida, particularly overnight Tuesday into Wednesday morning.

Hurricane and storm surge warnings have been issued for the zone that includes Tampa, Tampa Bay, Clearwater, Cedar Key and the coastal zone south of Tallahassee.

Gov. Ron DeSantis (R) emphasized that many of those living in the storm’s path will lose electricity for an extended period, which is why the state will position utility workers on Monday to respond.

“The risk continues to increase for a life-threatening storm surge and hurricane-force winds along portions of the west coast of Florida and the Florida Panhandle beginning as early as Tuesday,” the Hurricane Center wrote.

Track the storm path of Idalia

Even after Idalia makes landfall and then pulls away from Florida into Thursday, its moisture could interact with a cold front and drop up to half a foot of rain across the Southeast. Eastern Georgia and the Carolinas could face flooding rains, as well as the risk of a few tornadoes.

Key developments

Idalia is picking up speed and is on the move toward the Gulf of Mexico. As of 11 a.m. Eastern time, the center of Tropical Storm Idalia was located 80 miles south-southwest of the western tip of Cuba. After hardly budging Sunday, it was moving due north at 8 mph.

The storm is strengthening. Maximum sustained winds in the core of the storm increased to 65 mph Monday morning, and it is likely that Idalia will become a hurricane — meaning it has winds of at least 74 mph — by evening. The Hurricane Center wrote the storm’s satellite presentation had “improved” with tall thunderstorms surrounding the storm center.

Hurricane warnings stretch from just north of Sarasota into the eastern Florida Panhandle, as far west as the coastal zone south of Tallahassee. A warning is also in effect for the western Cuban province of Pinar del Río. Tropical storm warnings affect the zone from around Sarasota to just south of Naples and a sliver of the Panhandle coast from southwest of Tallahassee to southeast of Panama City. A hurricane watch is in effect for the area around Sarasota.

Storm surge warnings stretch from just north of Port Charlotte through Sarasota, Tampa Bay and Cedar Key into the coastal zone south of Tallahassee.

The Hurricane Center is now forecasting that the storm will make landfall as a Category 3 hurricane with peak winds of 115 mph; any storm rated Category 3 or higher is considered a “major” hurricane.

President Biden spoke to Gov. DeSantis on Monday morning, noting that he had approved an emergency declaration for the state as the storm approaches, according to a White House pool report.

Tampa International Airport will close beginning at 12:01 a.m. Tuesday, and will remain so until it can “assess any damages later in the week.”

Forecasters see two key ingredients that will help the storm gain strength:

Water temperatures in the eastern Gulf of Mexico are in the upper 80s to near 90 degrees, several degrees above average and in record territory, which will fuel intensification.

An approaching dip in the jet stream over the eastern United States will effectively evacuate “exhaust” air at high altitudes away from Idalia, allowing it to ingest more warm, humid air from below and continue to strengthen — perhaps right up until the point of landfall.

“The bottom line is that rapid intensification is becoming increasingly likely before landfall” on Wednesday morning, the Hurricane Center wrote. Computer modeling indicates that the odds of rapid intensification are between 5 and 10 times the average.

The storm surge — or rise in seawater above normally dry land at the coast — could reach 11 feet in the hardest-hit areas. Florida’s Big Bend area could see the biggest surge and is particularly vulnerable because of the adjacent gently sloping sea floor, which makes it easy for water to pile up along the coast and for the surge to penetrate miles inland. The current forecast calls for a surge of 4 to 7 feet around Tampa if the peak surge coincides with high tide, which would be its highest on record.

 

***Note: This event has not yet been declared a FEMA disaster.  We will update you as more information becomes available.***

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To read the full articles, please click the source links above.

Posted in Disaster Updates, Featured ResourcesTagged Tropical Storm Idalia, Industry Alert, Disaster Alert, natural disaster, National Hurricane Center, Florida

FEMA Major Disaster Declaration – Colorado Severe Storms, Flooding and Tornadoes

Posted on August 27, 2023November 28, 2023 by Safeguard
FEMA Major Disaster Declaration – Colorado Severe Storms, Flooding and Tornadoes

FEMA Alert
August 25, 2023

***LAST UPDATED 11/28/23***

FEMA has issued a Major Disaster Declaration for areas of the state of Colorado to supplement state, tribal and local recovery efforts in the areas affected by severe storms, flooding, and tornadoes from June 8 – June 23, 2023.  The following areas has been approved for assistance:

Public Assistance:

  • Arapahoe
  • Baca
  • Cheyenne
  • Douglas
  • El Paso
  • Elbert
  • Jefferson
  • Kiowa
  • Kit Carson
  • Lincoln
  • Logan
  • Prowers
  • Teller
  • Washington

 

Colorado Severe Storms, Flooding and Tornadoes (DR-4731-CO)

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

Posted in FEMA Alerts, Featured ResourcesTagged FEMA Alert, Industry Alert, FEMA, major disaster declaration, tornadoes, severe storms, flooding, Colorado

FEMA Major Disaster Declaration – Iowa Flooding

Posted on August 27, 2023August 30, 2024 by Safeguard
FEMA Major Disaster Declaration – Iowa Flooding

FEMA Alert
August 25, 2023

FEMA has issued a Major Disaster Declaration for areas of the state of Iowa to supplement state, tribal and local recovery efforts in the areas affected by flooding from April 24 – May 13, 2023.  The following areas has been approved for assistance:

Public Assistance:

  • Allamakee
  • Clayton
  • Des Moines
  • Dubuque
  • Jackson
  • Lee
  • Scott

 

Iowa Flooding (DR-4732-IA)

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

Posted in FEMA Alerts, Featured ResourcesTagged major disaster declaration, Iowa, FEMA, flooding, Industry Alert, FEMA Alert

FEMA Fire Management Assistance Declaration – Oregon Liberty Fire

Posted on August 25, 2023 by Safeguard
FEMA Fire Management Assistance Declaration – Oregon Liberty Fire

FEMA Alert
August 24, 2023

FEMA has issued a Fire Management Assistance Declaration for the state of Oregon to supplement state, tribal and local response efforts in areas affected by the Liberty Fire beginning August 24, 2023 and continuing.  The following areas have been approved for assistance:

Public Assistance:

  • Marion

 

Oregon Liberty Fire (FM-5483-OR)

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

Posted in FEMA Alerts, Featured ResourcesTagged Oregon, Liberty Fire, Fire Management Assistance Declaration, FEMA Alert, Industry Alert, FEMA

FEMA Fire Management Assistance Declaration – Louisiana Tiger Island Fire

Posted on August 25, 2023 by Safeguard
FEMA Fire Management Assistance Declaration – Louisiana Tiger Island Fire

FEMA Alert
August 23, 2023

FEMA has issued a Fire Management Assistance Declaration for the state of Alaska to supplement state, tribal and local response efforts in areas affected by the Tiger Island Fire beginning August 23, 2023 and continuing.  The following areas have been approved for assistance:

Public Assistance:

  • Beauregard (Parish)

 

Louisiana Tiger Island Fire (FM-5482-LA)

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

Posted in FEMA Alerts, Featured ResourcesTagged Tiger Island Fire, Fire Management Assistance Declaration, FEMA Alert, Industry Alert, Louisiana, FEMA

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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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    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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