Safeguard Properties

Archives For: Fannie Mae

Fannie Mae Taps Reinsurance Industry in New Risk Sharing Transaction

On December 10, Fannie Mae published a news release announcing its completion of a new credit risk sharing transaction.

11 Dec 2014

Massachusetts AG Urges FHFA to Make More Changes to Buyback Policy

On December 10, DS News published an article discussing a letter written by Massachusetts Attorney General Martha Coakley to FHFA Director Mel Watt featuring changes the agency could make to its Fannie Mae and Freddie Mac REO buyback policy.

 

11 Dec 2014

Fannie Mae Announces Eviction Moratorium for the Holidays

On December 9, Fannie Mae published a news release announcing that it will suspend evictions of foreclosed single family properties from December 17, 2014 through January 2, 2015.

10 Dec 2014

Fannie Mae National Housing Survey Results Mirror Uneven 2014 Activity, Support Forecast for Gradual Recovery in 2015

On December 8, Fannie Mae published a release titled National Housing Survey Results Mirror Uneven 2014 Activity, Support Forecast for Gradual Recovery in 2015.

9 Dec 2014

FHFA AB 2014-07 Oversight of Single-Family Seller/Servicer Relationships

On December 1, the Federal Housing Finance Agency (FHFA) released Advisory Bulletin AB 2014-07, titled Oversight Of Single-Family Seller/Servicer Relationships.

2 Dec 2014

Fannie Mae LL-2014-08 Confirmation of Conventional Loan Limits for 2015

On November 25, Fannie Mae released Lender Letter LL-2014-08, subtitled Confirmation of Conventional Loan Limits for 2015.

26 Nov 2014

Fannie Mae to Sell Foreclosed Vacant Properties to Detroit Land Bank

On November 24, DS News published an article announcing the agreement of Fannie Mae to sell 44 foreclosed vacant properties to the Detroit Land Bank Authority as part of an effort to stabilize greater Detroit neighborhoods.

25 Nov 2014

FHFA Directs Fannie Mae and Freddie Mac to Change Requirement Relating to Sales of Existing REO

On November 25, the Federal Housing Finance Agency (FHFA) published a news release announcing its direction of Fannie Mae and Freddie Mac to alter one of their policies relating to the sale of real estate owned (REO) properties in their current inventory.

 

25 Nov 2014

HUD’s Castro Wants to Restart Debate Over GSE Reform

On November 17, National Mortgage News published an article featuring comments by Housing and Urban Development Secretary Julian Castro on restarting the debate over the future of Fannie Mae and Freddie Mac.

21 Nov 2014

Fannie Mae LL-2014-07 Updates to Compensatory Fees

On November 17, Fannie Mae released Lender Letter LL-2014-07, subtitled Updates to Compensatory Fees for Delays in the Liquidation Process, Foreclosure Time Frames and Allowable Foreclosure Attorney Fees.

18 Nov 2014

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CEO

Alan Jaffa

Alan Jaffa is the Chief Executive Officer for Safeguard Properties, steering the company as the mortgage field services industry leader. He also serves on the board of advisors for SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.

Alan joined Safeguard in 1995, learning the business from the ground up. He was promoted to Chief Operating Officer in 2002, and was named CEO in May 2010. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguard’s processes to assure that the company adheres to the highest standards of quality and customer service.

Under Alan’s leadership, Safeguard has grown significantly with strategies that have included new and expanded services, technology investments that deliver higher quality and greater efficiency to clients, and strategic acquisitions. He takes a team approach to process improvement, involving staff at all levels of the organization to address issues, brainstorm solutions, and identify new and better ways to serve clients.

In 2008, Alan was recognized by Crain’s Cleveland Business in its annual “40-Under-40” profile of young leaders. He also was named a NEO Ernst & Young Entrepreneur Of The Year® Award finalist in 2013.

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Esq., General Counsel and EVP

Linda Erkkila

Linda Erkkila is the General Counsel and Executive Vice President for Safeguard Properties, with oversight of legal, human resources, training, and compliance. Linda’s broad scope of oversight covers regulatory issues that impact Safeguard’s operations, risk mitigation, strategic planning, human resources and training initiatives, compliance, insurance, litigation and claims management, and counsel related to mergers, acquisition and joint ventures.

Linda assures that Safeguard’s strategic initiatives align with its resources, leverage opportunities across the company, and contemplate compliance mandates. She has practiced law for 25 years and her experience, both as outside and in-house counsel, covers a wide range of corporate matters, including regulatory disclosure, corporate governance compliance, risk assessment, compensation and benefits, litigation management, and mergers and acquisitions.

Linda earned her JD at Cleveland-Marshall College of Law. She holds a degree in economics from Miami University and an MBA. Linda was previously named as both a “Woman of Influence” by HousingWire and as a “Leading Lady” by MReport.

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COO

Michael Greenbaum

Michael Greenbaum is the Chief Operating Officer of Safeguard Properties, where he has played a pivotal role since joining the company in July 2010. Initially brought on as Vice President of REO, Mike’s exceptional leadership and strategic vision quickly propelled him to Vice President of Operations in 2013, and ultimately to COO in 2015. Over his 14-year tenure at Safeguard, Mike has been instrumental in driving change and fostering innovation within the Property Preservation sector, consistently delivering excellence and becoming a trusted partner to clients and investors.

A distinguished graduate of the United States Military Academy at West Point, Mike earned a degree in Quantitative Economics. Following his graduation, he served in the U.S. Army’s Ordnance Branch, where he specialized in supply chain management. Before his tenure at Safeguard, Mike honed his expertise by managing global supply chains for 13 years, leveraging his military and civilian experience to lead with precision and efficacy.

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CFO

Joe Iafigliola

Joe Iafigliola is the Chief Financial Officer for Safeguard Properties. Joe is responsible for the Control, Quality Assurance, Business Development, Marketing, Accounting, and Information Security departments. At the core of his responsibilities is the drive to ensure that Safeguard’s focus remains rooted in Customer Service = Resolution. Through his executive leadership role, he actively supports SGPNOW.com, an on-demand service geared towards real estate and property management professionals as well as individual home owners in need of inspection and property preservation services. Joe is also an integral force behind Compliance Connections, a branch of Safeguard Properties that allows code enforcement professionals to report violations at properties that can then be addressed by the Safeguard vendor network. Compliance Connections also researches and shares vacant property ordinance information with Safeguard clients.

Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelor’s degree from The Ohio State University’s Honors Accounting program.

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Business Development

Carrie Tackett

Business Development Safeguard Properties