Mutabar Tadjibayeva

first_img Muhammad Bekjanov Uzbekistan Find out more to go further Ganimat Zahid Azerbaijan Find out more Europe – Central AsiaUzbekistan Six years ago, Mutabar Tadjibayeva was fighting for her life in an Uzbek prison. While jailed from October 2005 to June 2008, this independent journalist and human rights right defender spent more than 100 days in solitary and was subjected to monstrous forms of mistreatment for refusing to sign a confession. Her crime? Documenting human rights violations by the Uzbek authorities for several years, defending their victims and, above all, investigating the 2005 Andijan massacre, in which hundreds died when soldiers opened fire on protesters. Freed in 2008 after being given the Martin Ennals Award, she now lives in France. Despite a new smear campaign, she has not lost any of her combativeness, running an NGO called the “Fiery Hearts Club”, which has launched the news site Jarayon. Using a vast network of citizen-journalists and local activists, this trilingual site is one of the few sources of independent information about Uzbekistan and its neighbours. Follow the news on Uzbekistan Svetlana Reiter Russia Find out more Blaž Zgaga Slovenia Find out morecenter_img Information hero Mutabar Tadjibayeva Help by sharing this information Europe – Central AsiaUzbekistan Oleksiy Matsuka Ukraine Find out more Receive email alerts See morelast_img read more

Congress Members Call for Pause on GSE Capital Framework

first_img Demand Propels Home Prices Upward 2 days ago GSEs Mark Calabria Maxine Waters Secondary Market 2020-07-29 David Wharton About Author: Krista F. Brock Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Share Save Three members of Congress have requested the Federal Housing Finance Agency (FHFA) pause on its capital framework rulemaking for the GSEs during the pandemic and extend its comment period on the rule proposed this spring. They also requested in-depth analysis on how the proposed rule would impact underserved borrowers.Maxine Waters, Chairwoman of the House Financial Services Committee; William Lacy Clay, Chair of the Subcommittee on Housing, Community Development and Insurance; and Congressman Denny Heck this week sent a letter to FHFA Director Mark Calabria outlining their requests.One concern expressed in the letter is that industry stakeholders simply will not have enough time to respond to the 424-page rule by the August 31 deadline for comments. They urged FHFA to extend its comment period and even hold a series of public hearings to allow stakeholders to express any concerns with the rule.The proposed rule, released May 20, aims to “establish a new regulatory capital framework for the Enterprises” and is “a critical step in furtherance of FHFA’s stated intention to responsibly end the conservatorships,” FHFA stated in a fact sheet with the release of the proposed rule.The proposal includes risk-based capital requirements and leverage ratio requirements to serve as a backstop to the capital obligations.The other two major concerns expressed by the representatives are that the new capital requirements may negatively impact low-income and minority borrowers and that “the goals of quickly recapitalizing the Enterprises may inadvertently interfere with the broader economy’s recovery from today’s crisis,” according to the letter.The representatives ask FHFA to “prioritize economic recovery” during the pandemic by pausing the rulemaking process. They say the 2008 financial crisis was followed by a “slow economic and housing recovery” and that the proposed rule could lead to a slow recovery from today’s pandemic-induced economic recession by impeding the GSEs’ ability to provide liquidity to the housing market.The letter references estimates that the proposed capital requirements could increase guarantee fees at the GSEs by 15 to 20 basis points.In addition to pausing the rulemaking process, the representatives ask FHFA to provide further analysis into the rule’s potential impact on underserved borrowers. They ask that FHFA provide insight into the average cost to borrowers, broken down by race and ethnicity.Calabria has remained steadfast in his goal to prepare the GSEs to exit conservatorship, and as of the release of the rule in May, he did not feel the pandemic provided a reason to waver. In fact, he implied the opposite.”This national health crisis has affirmed the importance of the Enterprises’ mission to serve the American housing market during good times and bad. When credit dries up, low- and moderate-income households are hurt most. We must chart a course for the Enterprises toward a sound capital footing so they can help all Americans in times of stress,” Calabria said. “More capital means a stronger foundation on which to weather crises. The time to act is now.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe July 29, 2020 1,834 Views Home / Daily Dose / Congress Members Call for Pause on GSE Capital Framework Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Postcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Housing Market Snapshot: What Three New Reports Reveal Next: GSEs Report Boosts in Q2 Income in Daily Dose, Featured, Government, Journal, News, Secondary Market Tagged with: GSEs Mark Calabria Maxine Waters Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Congress Members Call for Pause on GSE Capital Frameworklast_img read more