Archives For: Industry Updates

Land Bank, Town Partner to Convert Beach Homes into Attainable Housing

The Nantucket Affordable Housing Trust and Land Bank are moving existing residential structures to a vacant lot to become attainable housing.

29 Jan 2026

HUD Mortgagee Letter 2026-03: Updates to Bidding at Foreclosure and Post-Foreclosure Sales Efforts

HUD has released Mortgagee Letter 2026-03: Updates to Bidding at Foreclosure and Post-Foreclosure Sales Efforts.

29 Jan 2026

ICE First Look at Mortgage Performance: December 2025

ICE Mortgage Technology released the December 2025 First Look at mortgage delinquency, foreclosure and prepayment trends.

26 Jan 2026

Foreclosure Prevention, Refinance, and Federal Property Manager’s Report – October 2025

FHFA released the October 2025 Foreclosure Prevention Report showing the enterprises completed over 17,000 foreclosure prevention actions.

22 Jan 2026

Trumbull Neighborhood Partnership Breaks New Ground in 2025

Last year, Trumbull Neighborhood Partnership built four new construction, affordable single-family homes that were sold to owner-occupants.

19 Jan 2026

U.S. Foreclosure Rates by State – December 2025

ATTOM released the complete list of foreclosure rankings by state, including the counties with the worst rates in each area for Dec. 2025.

16 Jan 2026

Lorain County Land Bank Partners on Regional Affordable Housing Initiative

The Lorain County Land Bank is partnering with surrounding cities and Habitat for Humanity on a regional housing initiative tied to Ohio’s Welcome Home Ohio program.

16 Jan 2026

U.S. Foreclosure Activity Increases in 2025

ATTOM released the Year-End 2025 U.S. Foreclosure Market Report, showing foreclosure filings were up 14% over 2024.

15 Jan 2026

Commercial and Multifamily Mortgage Debt Outstanding Increased in Third-Quarter 2025

MBA released the latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, showing mortgage debt outstanding increased to $53.4 billion.

13 Jan 2026

The US State with the Highest Rate of Underwater Mortgages

As of Q3 2025, 11.2% of Louisiana mortgages were considered ‘seriously underwater’, far higher than the less than 2% reported nationwide.

12 Jan 2026

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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.

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