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Ethiopian journalist ID’d in WikiLeaks cable flees country

first_img Help by sharing this information September 15, 2011 – Updated on January 20, 2016 Ethiopian journalist ID’d in WikiLeaks cable flees country RSF_en U.S. diplomatic cables disclosed last month by WikiLeaks cited an Ethiopian journalist by name and referred to his unnamed government source, forcing the journalist to flee the country after police interrogated him over the source’s identity. center_img News Organisation last_img read more

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Layton: GSE Scorecard Brings Little Value to the Public

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Tagged with: Don Layton Edward DeMarco Fannie Mae Federal Housing Finance Agency (FHFA) FHFA Scorecard Freddie Mac GSEs The Best Markets For Residential Property Investors 2 days ago Don Layton Edward DeMarco Fannie Mae Federal Housing Finance Agency (FHFA) FHFA Scorecard Freddie Mac GSEs 2021-03-18 Eric C. Peck March 18, 2021 1,229 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Layton: GSE Scorecard Brings Little Value to the Public Servicers Navigate the Post-Pandemic World 2 days ago About Author: Eric C. Peck Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Fed to Keep Rates Locked Near 0% Next: Advancing Fair Housing, Racial Equity Through Federal Policy Home / Daily Dose / Layton: GSE Scorecard Brings Little Value to the Public Share Save Demand Propels Home Prices Upward 2 days ago Related Articles Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. in Daily Dose, Featured, Journal, News The Federal Housing Finance Agency (FHFA) recently released its 2021 Scorecard, outlining specific conservatorship priorities for Fannie Mae and Freddie Mac (the government-sponsored enterprises or GSEs), and their joint venture, Common Securitization Solutions LLC (CSS).The 2021 version of the Scorecard was the 10th such installment, a tool originally developed in 2012 by FHFA Acting Director Edward DeMarco to give the GSEs—who have been in conservatorship since September 2008—specific policy direction in providing transparency to the mortgage industry and policy community. It was also meant to show transparency to the American taxpayers, who are financially supporting the companies, what was being done with their tax dollars.The three primary objectives of the 2021 Scorecard are to ensure the GSEs continue to:Focus on their core mission responsibilities to foster competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing;Operate in a safe and sound manner appropriate for entities in conservatorship; andPrepare for their eventual exits from the conservatorships.Don Layton, Senior Industry Fellow for Harvard University’s Joint Center for Housing Studies and former CEO of Freddie Mac (from May 2012-June 2019), has authored The Many Flaws and Weaknesses of FHFA’s 2021 GSE Scorecard: A Hollowed-Out Document, arguing that the 36 specific stated goals of the 2021 Scorecard are riddled with problems.“Not every one of the 36 goals is problematic, but enough are so that the document is quite weak. At times, the Scorecard appears to engage in signaling about ideology rather than providing implementable direction for the GSEs,” said Layton. “Furthermore, the criteria for its goals are entirely qualitative and judgmental, never quantitative; this absence of quantitative criteria further erodes the scorecard’s transparency. Taken together, these weaknesses greatly decrease the Scorecard’s value as a communications vehicle: it conveys less content with less value, and it does so less transparently.”Layton notes that the intent of the FHFA’s Scorecards from day one was to bring clarity to the public in terms of its conservatorship. However, he feels it has done nothing of the sort.“The concept of the scorecard, going back to its first appearance in 2012, is to provide transparency to the activities of the FHFA as conservator of the two GSEs,” said Layton in his paper. “The Scorecard should therefore clearly explain what the GSEs must do as they seek to meet the Scorecard’s stated goals. Unfortunately, the 2021 Scorecard fails to provide that clarity, leaving even the most knowledgeable reader unsure of what is being proposed. In other words, the Scorecard is sometimes worded so unclearly that one can’t figure out what it really means, leaving the FHFA with a blank check of sorts.”Layton found the “flaws and weaknesses of the 2021 GSE Scorecard rather extensive,” but came to three main conclusions:The Scorecard’s value has diminished dramatically from 2012-2019 (the years Acting Director DeMarco and Director Mel Watt led the FHFA), describing fewer goals with less specificity, and duplicating already-known requirements.The 2021 Scorecard uses some key “ideological virtue signaling,” verbiage not suited for a document from an independent regulator.The FHFA seems to care little for the Scorecard and its value as a means of communication with the public that, as Layton states “one wonders why it bothered to produce one at all.”Layton commented: “We now have a hollowed-out GSE Scorecard, with little value to the public.”Click here to view the report, The Many Flaws and Weaknesses of FHFA’s 2021 GSE Scorecard: A Hollowed-Out Document. 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