Page 9 – Safeguard Properties

Foreclosures Climb in This Major City – and Even the Most Elite ZIP Codes Aren’t Spared

Posted on July 30, 2025 by Safeguard

Industry Update
July 17, 2025

Source: Realtor.com

New York City saw a double-digit increase in foreclosure rates this spring, with mortgage defaults affecting even some of Manhattan’s most prestigious ZIP codes—although the borough did not lead in home seizures.

New York City’s overall foreclosure rate jumped 11% in the second quarter of 2025, covering the months of April-June, compared with a year ago, according to the latest metro foreclosure report from PropertyShark.com.

Home to 1,628,000 people, the borough of Manhattan experienced 46 new foreclosure filings this spring, representing a 15% year-over-year hike.

Eight of the defaults were concentrated in the high-priced 10022 ZIP code, which includes a portion of Park Avenue—famous for its luxury homes, upscale shops, and immaculately landscaped flower beds.

According to the latest available data from Realtor.com®, the median list price in the 10022 ZIP code was $1.3 million in June, making it one of the priciest areas in the Big Apple—but even this high concentration of wealth offers no guarantee against property repossession.

“Rising interest rates, broader economic distress, and the end of [COVID-19] pandemic-era protections against foreclosure could both be influencing foreclosure trends, even in historically wealthy areas like ZIP 10022,” says Realtor.com senior economic research analyst Hannah Jones. “This uptick in filings suggests that even the luxury market is feeling the stress of today’s broader economic uncertainty.”

Jones points out that “old money does not guarantee liquidity, and high carrying costs and interest rates could be weighing on owners.”

Another important thing to note is that Midtown Manhattan has long been a magnet for real estate investors, and according to Jones, the rise in foreclosures could signal that demand has softened for high-end rentals.

Brooklyn overtakes Queens for most foreclosures

In Q2 2025, Brooklyn earned the dubious distinction of dethroning Queens as New York City’s most bustling foreclosure market, with 129 first-time filings from April to June—a 36% increase from a year ago.

Having overtaken Queens, Brooklyn now has the city’s top foreclosure hot spot, identified as ZIP code 11236 covering the neighborhoods of Canarsie and East Flatbush, which logged 17 new cases.

Meanwhile, Queens registered 128 foreclosures during the second quarter, down 20% year over year.

Bronx foreclosures hit five-year high

In the Bronx, foreclosures surged a staggering 73% on an annual basis, rising from 33 first-time filings in spring 2024 to 57 this year. The borough has surpassed its five-year foreclosure record that it reached at the start of 2025.

Staten Island saw 48 foreclosure filings this spring, up 25% from the same period a year ago, making it the Big Apple’s fourth-busiest foreclosure market.

As previously mentioned, Manhattan recorded just 46 new cases in Q2, solidifying the borough’s status as New York City’s least active borough for property repossessions.

Two-family homes drove the city’s overall foreclosure activity, accounting for a third of the 408 cases filed across New York City from April through June.

Additionally, two-family homes saw the sharpest uptick in filings, increasing 25% year over year, as single-family foreclosures edged down 2%.

For full report, please click the source link above.

Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in June

Posted on July 30, 2025 by Safeguard

Industry Update
July 28, 2025

Source: CalculatedRisk Newsletter

Freddie Mac reported that the Single-Family serious delinquency rate in June was 0.55%, unchanged from 0.55% May. Freddie’s rate is up year-over-year from 0.50% in June 2024, however, this is below the pre-pandemic level of 0.60%.

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

Fannie Mae reported that the Single-Family serious delinquency rate in June was 0.53%, unchanged from 0.53% in May. The serious delinquency rate is up year-over-year from 0.48% in June 2024, however, this is below the pre-pandemic lows of 0.65%.

The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 during the pandemic.

These are mortgage loans that are “three monthly payments or more past due or in foreclosure”. Mortgages in forbearance are being counted as delinquent in this monthly report but are not reported to the credit bureaus.

For Fannie, by vintage, for loans made in 2004 or earlier (1% of portfolio), 1.36% are seriously delinquent (down from 1.37% the previous month).

For loans made in 2005 through 2008 (1% of portfolio), 1.93% are seriously delinquent (down from 1.94%).

For recent loans, originated in 2009 through 2025 (98% of portfolio), 0.48% are seriously delinquent (down from 0.49%). So, Fannie is still working through a handful of poor performing loans from the bubble years.

For full report, please click the source link above.

ICE First Look at Mortgage Performance: June 2025

Posted on July 30, 2025 by Safeguard

Industry Update
July 24, 2025

Source: ICE Mortgage Technology

ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released its June 2025 ICE First Look, which shows that while overall mortgage payment performance remains strong, delinquencies rose on a monthly basis while foreclosures trended notably higher year over year (YoY).

Key takeaways from the ICE First Look, which reports on month-end delinquency, foreclosure and prepayment statistics sourced from ICE’s loan-level database, include:

The national delinquency rate rose by 15 basis points (bps) from May to 3.35% driven by early-stage delinquencies.

FHA delinquencies, which tend to experience more seasonality, rose by 41 bps in the month, hitting their highest June level since 2013, excluding the 2020-2021 pandemic-era impact.

Serious delinquencies (SDQs) – loans 90+ days past due but not in foreclosure – held steady but are up +8% (35K) YoY, with FHA loans now accounting for +51% of all SDQs nationwide.

Foreclosure activity continues to rise off pandemic-era lows with the share of loans in active foreclosure up +10% from the same time last year. Foreclosure starts and sales both rose YoY in each of the past four months.

Prepayment activity, measured in single month mortality, slipped by 6 bps to 0.65% on higher rates, although it remains up +22% from the same time last year.

For full report, please click the source link above.

Foreclosure Rates by State – June 2025

Posted on July 30, 2025 by Safeguard

Industry Update
July 18, 2025

Source: ATTOM

In June 2025, foreclosure activity across the U.S. declined month-over-month, with a total of 187,659 properties with foreclosure filings — including default notices, scheduled auctions, or bank repossessions. This marked an 8.1% decrease from May, but a 17.4% increase compared to June 2024. One in every 4,361 housing units is facing a foreclosure filing. States with the worst foreclosure rates included South Carolina (1 in every 2,426 housing units), Nevada, Florida, Illinois, and Delaware.

A total of 21,782 properties began the foreclosure process during the month—down 10% from May but up 17% year-over-year. Meanwhile, lenders completed foreclosures on 3,892 properties, a slight 1% monthly increase and a 35% jump from June 2024.

Foreclosure Rates by State

Foreclosure rates varied widely by state in June 2025. Read on for June 2025 foreclosure rates across all 50 states, starting with the state that had the worst foreclosure rate.

South Carolina

In June, South Carolina ranked 1st nationally for foreclosure activity, recording one foreclosure for every 2426 housing units. Of its 2,401,638 housing units, 990 had foreclosure filings. Leading counties included Dorchester, Sumter, Orangeburg.

Nevada

One in every 2615 housing units faced foreclosure in Nevada during June, placing it 2nd nationally. The state had 500 filings across 1,307,338 homes. Top impacted counties were Lyon, Storey, Clark.

Florida

With a foreclosure rate of one in every 2716 housing units, Florida posted the 3rd worst rate in the country for June. The state saw 3712 filings out of 10,082,356 total homes. Top counties were Putnam, Hamilton, Charlotte.

Illinois

Illinois had the 4th worst foreclosure rate in the U.S. in June, with one in every 2766 housing units facing foreclosure. A total of 1968 properties were impacted out of 5,443,501 housing units. The counties with the worst foreclosure rates were Saint Clair, WILL, Whiteside.

Delaware

Delaware had the 5th worst foreclosure rate in the U.S. in June, with one in every 3074 housing units facing foreclosure. A total of 149 properties were impacted out of 457,958 housing units. The counties with the worst foreclosure rates were Kent, Sussex, New Castle.

Connecticut

With a foreclosure rate of one in every 3600 housing units, Connecticut posted the 6th worst rate in the country for June. The state saw 425 filings out of 1,530,197 total homes. Top counties were New Haven, Windham, New London.

Iowa

With a foreclosure rate of one in every 3641 housing units, Iowa posted the 7th worst rate in the country for June. The state saw 392 filings out of 1,427,175 total homes. Top counties were Humboldt, Worth, Monroe.

North Carolina

North Carolina came in 8th place nationwide, with one foreclosure for every 3753 homes in June. The state recorded 1283 filings among 4,815,195 housing units. Foreclosure activity was worst in Jones, Craven, Pasquotank.

New Jersey

One in every 3818 housing units faced foreclosure in New Jersey during June, placing it 9th nationally. The state had 989 filings across 3,775,842 homes. Top impacted counties were Camden, Salem, Gloucester.

Ohio

Ohio came in 10th place nationwide, with one foreclosure for every 3856 homes in June. The state recorded 1367 filings among 5,271,573 housing units. Foreclosure activity was worst in Lake, Cuyahoga, Trumbull.

Indiana

One in every 3907 housing units faced foreclosure in Indiana during June, placing it 11th nationally. The state had 756 filings across 2,953,344 homes. Top impacted counties were Sullivan, Grant, Henry.

Texas

With a foreclosure rate of one in every 3961 housing units, Texas posted the 12th worst rate in the country for June. The state saw 3002 filings out of 11,890,808 total homes. Top counties were Cottle, Martin, Liberty.

California

California had the 13th worst foreclosure rate in the U.S. in June, with one in every 4019 housing units facing foreclosure. A total of 3616 properties were impacted out of 14,532,683 housing units. The counties with the worst foreclosure rates were Lake, Mendocino, Humboldt.

Utah

One in every 4044 housing units faced foreclosure in Utah during June, placing it 14th nationally. The state had 295 filings across 1,193,082 homes. Top impacted counties were Tooele, Daggett, Box Elder.

Maryland

In June, Maryland ranked 15th nationally for foreclosure activity, recording one foreclosure for every 4153 housing units. Of its 2,545,532 housing units, 613 had foreclosure filings. Leading counties included Baltimore City, Charles, Allegany.

Arizona

With a foreclosure rate of one in every 4201 housing units, Arizona posted the 16th worst rate in the country for June. The state saw 748 filings out of 3,142,443 total homes. Top counties were Pinal, Cochise, Pima.

Alabama

Alabama had the 17th worst foreclosure rate in the U.S. in June, with one in every 4234 housing units facing foreclosure. A total of 547 properties were impacted out of 2,316,192 housing units. The counties with the worst foreclosure rates were Greene, Franklin, Mobile.

Louisiana

One in every 4282 housing units faced foreclosure in Louisiana during June, placing it 18th nationally. The state had 489 filings across 2,094,002 homes. Top impacted counties were Union, Beauregard, East Feliciana.

New York

One in every 4613 housing units faced foreclosure in New York during June, placing it 19th nationally. The state had 1851 filings across 8,539,536 homes. Top impacted counties were Oswego, Orleans, Cayuga.

Pennsylvania

Pennsylvania had the 20th worst foreclosure rate in the U.S. in June, with one in every 4691 housing units facing foreclosure. A total of 1232 properties were impacted out of 5,779,663 housing units. The counties with the worst foreclosure rates were Sullivan, Philadelphia, Greene.

Alaska

With a foreclosure rate of one in every 4832 housing units, Alaska posted the 21st worst rate in the country for June. The state saw 66 filings out of 318,927 total homes. Top counties were Sitka, Kenai Peninsula, Matanuska-Susitna.

Hawaii

Hawaii came in 22nd place nationwide, with one foreclosure for every 4955 homes in June. The state recorded 114 filings among 564,905 housing units. Foreclosure activity was worst in Hawaii, Honolulu, Maui.

Michigan

Michigan came in 23rd place nationwide, with one foreclosure for every 4973 homes in June. The state recorded 925 filings among 4,599,683 housing units. Foreclosure activity was worst in Tuscola, Gratiot, Wexford.

Minnesota

With a foreclosure rate of one in every 5090 housing units, Minnesota posted the 24th worst rate in the country for June. The state saw 495 filings out of 2,519,538 total homes. Top counties were Sibley, Renville, Isanti.

Georgia

One in every 5226 housing units faced foreclosure in Georgia during June, placing it 25th nationally. The state had 858 filings across 4,483,873 homes. Top impacted counties were Dooly, Crawford, Marion.

Oklahoma

Oklahoma had the 26th worst foreclosure rate in the U.S. in June, with one in every 5579 housing units facing foreclosure. A total of 316 properties were impacted out of 1,763,036 housing units. The counties with the worst foreclosure rates were Greer, Latimer, Kingfisher.

Maine

In June, Maine ranked 27th nationally for foreclosure activity, recording one foreclosure for every 5699 housing units. Of its 746,552 housing units, 131 had foreclosure filings. Leading counties included Aroostook, Penobscot, Oxford.

New Mexico

New Mexico had the 28th worst foreclosure rate in the U.S. in June, with one in every 5790 housing units facing foreclosure. A total of 164 properties were impacted out of 949,524 housing units. The counties with the worst foreclosure rates were Union, Valencia, Chaves.

Idaho

With a foreclosure rate of one in every 5884 housing units, Idaho posted the 29th worst rate in the country for June. The state saw 132 filings out of 776,683 total homes. Top counties were Lincoln, Washington, Bannock.

Rhode Island

One in every 6058 housing units faced foreclosure in Rhode Island during June, placing it 30th nationally. The state had 80 filings across 484,615 homes. Top impacted counties were Kent, Providence, Newport.

Colorado

In June, Colorado ranked 31st nationally for foreclosure activity, recording one foreclosure for every 6133 housing units. Of its 2,545,124 housing units, 415 had foreclosure filings. Leading counties included Dolores, Logan, Pueblo.

Wyoming

One in every 6253 housing units faced foreclosure in Wyoming during June, placing it 32nd nationally. The state had 44 filings across 275,131 homes. Top impacted counties were Crook, Lincoln, Converse.

Massachusetts

In June, Massachusetts ranked 33rd nationally for foreclosure activity, recording one foreclosure for every 6428 housing units. Of its 3,014,657 housing units, 469 had foreclosure filings. Leading counties included Hampden, Berkshire, Franklin.

Arkansas

One in every 6584 housing units faced foreclosure in Arkansas during June, placing it 34th nationally. The state had 210 filings across 1,382,664 homes. Top impacted counties were Marion, Cleveland, Van Buren.

Tennessee

In June, Tennessee ranked 35th nationally for foreclosure activity, recording one foreclosure for every 6600 housing units. Of its 3,095,472 housing units, 469 had foreclosure filings. Leading counties included Crockett, Sequatchie, Lauderdale.

Washington

Washington had the 36th worst foreclosure rate in the U.S. in June, with one in every 7047 housing units facing foreclosure. A total of 463 properties were impacted out of 3,262,667 housing units. The counties with the worst foreclosure rates were Cowlitz, Okanogan, Jefferson.

North Dakota

North Dakota came in 37th place nationwide, with one foreclosure for every 7209 homes in June. The state recorded 52 filings among 374,866 housing units. Foreclosure activity was worst in Bowman, Traill, Bottineau.

Virginia

With a foreclosure rate of one in every 7339 housing units, Virginia posted the 38th worst rate in the country for June. The state saw 498 filings out of 3,654,784 total homes. Top counties were Norton City, Buena Vista City, Portsmouth City.

Wisconsin

One in every 7578 housing units faced foreclosure in Wisconsin during June, placing it 39th nationally. The state had 363 filings across 2,750,750 homes. Top impacted counties were Langlade, Juneau, Douglas.

Missouri

Missouri came in 40th place nationwide, with one foreclosure for every 7761 homes in June. The state recorded 362 filings among 2,809,501 housing units. Foreclosure activity was worst in Hickory, Bates, Scotland.

Oregon

In June, Oregon ranked 41st nationally for foreclosure activity, recording one foreclosure for every 7925 housing units. Of its 1,838,631 housing units, 232 had foreclosure filings. Leading counties included Wheeler, Malheur, Klamath.

Kentucky

In June, Kentucky ranked 42nd nationally for foreclosure activity, recording one foreclosure for every 8484 housing units. Of its 2,010,655 housing units, 237 had foreclosure filings. Leading counties included Robertson, Hart, Lewis.

New Hampshire

With a foreclosure rate of one in every 10066 housing units, New Hampshire posted the 43rd worst rate in the country for June. The state saw 64 filings out of 644,253 total homes. Top counties were Carroll, Sullivan, Merrimack.

Nebraska

In June, Nebraska ranked 44th nationally for foreclosure activity, recording one foreclosure for every 10309 housing units. Of its 855,631 housing units, 83 had foreclosure filings. Leading counties included Garden, Clay, Gage.

West Virginia

West Virginia came in 45th place nationwide, with one foreclosure for every 10484 homes in June. The state recorded 82 filings among 859,653 housing units. Foreclosure activity was worst in Wetzel, Hampshire, Kanawha.

Kansas

Kansas came in 46th place nationwide, with one foreclosure for every 11274 homes in June. The state recorded 114 filings among 1,285,221 housing units. Foreclosure activity was worst in Morris, Elk, Lincoln.

Mississippi

Mississippi had the 47th worst foreclosure rate in the U.S. in June, with one in every 11691 housing units facing foreclosure. A total of 114 properties were impacted out of 1,332,811 housing units. The counties with the worst foreclosure rates were Humphreys, Clarke, Marshall.

Vermont

In June, Vermont ranked 48th nationally for foreclosure activity, recording one foreclosure for every 14045 housing units. Of its 337,072 housing units, 24 had foreclosure filings. Leading counties included Essex, Orange, Windsor.

Montana

With a foreclosure rate of one in every 15847 housing units, Montana posted the 49th worst rate in the country for June. The state saw 33 filings out of 522,939 total homes. Top counties were Teton, Sweet Grass, Sheridan.

South Dakota

South Dakota ranked 50th for foreclosure rate in the U.S. in June, with one in every 36264 housing units facing foreclosure. A total of 11 properties were impacted out of 398,903 housing units. The counties with the worst foreclosure rates were Clay, Codington, Minnehaha.

For full report, please click the source link above.

FHFA Proposes to Repeal Fair Lending Rule

Posted on July 30, 2025 by Safeguard

Industry Update
July 28, 2025

Source: ABA Banking Journal

The Federal Housing Finance Agency is proposing to repeal a 2024 final rule that codified many of its existing practices and programs regarding fair housing and fair lending oversight of its regulated entities: Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

In a notice published today in the Federal Register, FHFA said it was seeking public comment on repealing the Fair Lending, Fair Housing, and Equitable Housing Finance Plans regulation. The agency cited President Trump’s executive order in February directing federal agencies to repeal “unnecessary” regulations as a reason for walking back the final rule.

Among other things, the 2024 rule made changes to Fannie’s and Freddie’s Equitable Housing Finance Plans to promote greater accountability; added oversight of unfair or deceptive acts or practices to FHFA’s fair housing and fair lending oversight programs; required additional certification of compliance by all the entities; and established more precise standards related to fair housing, fair lending and equitable housing principles for the entities’ boards. The rule also created a new requirement for FHLBs to annually report on any actions they voluntarily take to address barriers to sustainable housing opportunities for underserved communities.

Comments on the proposed repeal must be submitted to FHFA by Sept. 26.

For full report, please click the source link above.

FEMA Major Disaster Declaration – New Mexico Severe Storms, Flooding, and Landslides

Posted on July 24, 2025August 26, 2025 by Safeguard

FEMA Alert
July 22, 2025

***LAST UPDATE: 8/26/25***

FEMA has issued a Major Disaster Declaration for the state of New Mexico to supplement state, tribal, and local recovery efforts in areas affected by severe storms, flooding, and landslides beginning June 23, 2025 and continuing. The following counties have been approved for assistance:

Individual Assistance:

Dona Ana
Lincoln

Public Assistance:

Dona Ana
Lincoln
Mescalero Tribe
Otero

New Mexico Severe Storms, Flooding, and Landslides (DR-4886-NM)

Map of Affected Areas

President Donald J. Trump Approves Major Disaster Declaration for New Mexico

List of Affected Zip Codes

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Major Disaster Declaration – Missouri Severe Storms and Flooding

Posted on July 24, 2025July 29, 2025 by Safeguard

FEMA Alert
July 22, 2025

***LAST UPDATE: 7/29/25***

FEMA has issued a Major Disaster Declaration for the state of Missouri to supplement state, tribal, and local recovery efforts in areas affected by severe storms and flooding from May 23-26, 2025. The following counties have been approved for assistance:

Public Assistance:

Dade
Douglas
Ozark
Vernon
Webster

Missouri Severe Storms and Flooding (DR-4885-MO)

Map of Affected Areas

President Donald J. Trump Approves Major Disaster Declaration for Missouri

List of Affected Zip Codes

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Major Disaster Declaration – West Virginia Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides

Posted on July 24, 2025October 7, 2025 by Safeguard

FEMA Alert
July 22, 2025

***LAST UPDATE: 10/7/25***

FEMA has issued a Major Disaster Declaration for the state of West Virginia to supplement state, tribal, and local recovery efforts in areas affected by severe storms, straight-line winds, flooding, landslides, and mudslides from June 14-15, 2025. The following counties have been approved for assistance:

Individual Assistance:

Marion
Ohio

Public Assistance:

Marion
Ohio

West Virginia Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides (DR-4884-WV)

Map of Affected Areas

President Donald J. Trump Approves Major Disaster Declaration for West Virginia

List of Affected Zip Codes

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Major Disaster Declaration – Kansas Severe Storms, Straight-line Winds, Tornadoes, and Flooding

Posted on July 24, 2025 by Safeguard

FEMA Alert
July 22, 2025

FEMA has issued a Major Disaster Declaration for the state of Kansas to supplement state, tribal, and local recovery efforts in areas affected by severe storms, straight-line winds, tornadoes, and flooding from May 18-19, 2025. The following counties have been approved for assistance:

Public Assistance:

Bourbon
Cheyenne
Edwards
Gove
Kiowa
Logan
Pratt
Reno
Scott
Sheridan
Stafford

Kansas Severe Storms, Straight-line Winds, Tornadoes, and Flooding (DR-4883-KS)

Map of Affected Areas

President Donald J. Trump Approves Major Disaster Declaration for Kansas

List of Affected Zip Codes

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Major Disaster Declaration – Indiana Severe Storms, Straight-line Winds, Tornadoes, and Flooding

Posted on July 24, 2025August 26, 2025 by Safeguard

FEMA Alert
July 22, 2025

***LAST UPDATE: 8/26/25***

FEMA has issued a Major Disaster Declaration for the state of Indiana to supplement state, tribal, and local recovery efforts in areas affected by severe storms, straight-line winds, tornadoes, and flooding from March 30 – April 9, 2025. The following counties have been approved for assistance:

Public Assistance:

Bartholomew
Brown
Clark
Clay
Crawford
Decatur
Floyd
Franklin
Greene
Harrison
Jefferson
Lawrence
Madison
Marshall
Martin
Montgomery
Morgan
Orange
Owen
Perry
Switzerland
Vanderburgh
Warren
Warrick
Washington

Indiana Severe Storms, Straight-line Winds, Tornadoes, and Flooding (DR-4882-IN)

Map of Affected Areas

President Donald J. Trump Approves Major Disaster Declaration for Indiana

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

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.

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.

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.

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.

Business Development

Carrie Tackett

Business Development Safeguard Properties