Four newspaper editors sentenced to a year’s forced labour for libelling president and ruling party

first_img EgyptMiddle East – North Africa RSF_en September 14, 2007 – Updated on January 20, 2016 Four newspaper editors sentenced to a year’s forced labour for libelling president and ruling party News A Cairo criminal court yesterday sentenced four newspaper editors to a year’s forced labour and the maximum possible fine of 20,000 Egyptian pounds (2,600 euros) for libel and “false information harming the country’s reputation and general interests.” Their conviction was the result of lawsuits brought last year by the ruling National Democratic Party (NDP). “We are witnessing a crackdown on independent publications which had enjoyed a relative respite in recent years,” Reporters Without Borders said. “Once again, it is the same journalists, ones known for being critical of the government, that are being targeted.”The lawsuits were filed on 15 September 2006 by Ibrahim Rabe’a Abdel-Rasul, a lawyer and NDP member, against Ibrahim Issa of the weekly Al Dustour, Adel Hammouda of the weekly Al-Fagr, Wael Al-Abrashi of the independent newspaper Sawt Al-Umma and Abdel-Halim Qandil of the weekly Karama. The suits accused them of libelling President Hosni Mubarak, his son, Gamal (the party’s deputy secretary-general), the prime minister and the interior minister in articles published from July to September 2006.The charge of “insulting the president” was dismissed, but judge Sherif Ismael ruled that the four editors libelled the NDP and its leaders and “harmed the general interest by publishing false information” under articles 188, 302, 303 and 306 of the criminal code.The four editors will have to pay bail of 10,000 Egyptian pounds (1,300 euros) to avoid immediate imprisonment and they now have 10 days to file appeals. They were also sentenced to 10,000 Egyptians pounds for damage award.The Union of Egyptian Journalists described the sentences as a “declaration of war on press freedom” and demanded the repeal of all laws that allow journalists to be jailed. The press law adopted last year defines no fewer than 35 press offences that are punishable by imprisonment.It has become very hard for journalists to criticise President Mubarak and his inner circle at a time when the question of his succession is constantly being raised. Issa is currently also being prosecuted by a state security court under articles 102 (b) and 188 of the criminal code for “spreading false news about the president’s health likely to cause disturbances of the peace and harm the country’s reputation.” His trial is due to open on 1 October. Follow the news on Egypt Help by sharing this information Receive email alerts News Less press freedom than ever in Egypt, 10 years after revolution Newscenter_img February 1, 2021 Find out more Al Jazeera journalist Mahmoud Hussein back home after four years in prison EgyptMiddle East – North Africa January 22, 2021 Find out more to go further Detained woman journalist pressured by interrogator, harassed by prison staff Organisation February 6, 2021 Find out more Newslast_img read more

Fitch Rates Nationstar’s U.S. RMBS

first_img Fitch Ratings mortgage Mr. Cooper Nationstar Mortgage LLC RMBS U.S. servicer ratings 2018-11-14 Donna Joseph Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Fitch Rates Nationstar’s U.S. RMBS Previous: Marion McDougall Stepping Down From Caliber Next: Rise and Fall Fitch Ratings, a credit rating agency released its affirmation of U.S. servicer ratings for Nationstar Mortgage LLC, (Nationstar), d/b/a Mr. Cooper, an indirect subsidiary of Mr. Cooper Group Inc., (Mr. Cooper).The rating, according to Fitch is stable. The affirmed ratings of Mr. Cooper is reflective of the company’s focus on operational enhancements, customer experience as well as experienced senior management, Fitch said in a statement. Given that a company’s financial status is a component of Fitch’s servicer rating analysis, the ratings agency’s financial institutions reviewed Mr. Cooper’s financial statements for internal assessment. However, the release stated, “Fitch does not publicly rate the credit and financial strength of Mr. Cooper.”The ratings were based on: —U.S. residential primary servicer rating for subprime product at ‘RPS2-‘—U.S. residential primary servicer rating for special servicing at ‘RSS2-‘—U.S. residential primary servicer rating for alt-a product at’RPS2-‘—U.S. residential primary servicer rating for master servicing at ‘RSM2+’Mr. Cooper completed a merger with WMIH Corp.(Washington Mutual, Inc.) on July 31, 2018, acquiring ownership from Fortress Investment Group, followed by an acquisition of the loan origination and servicing business of Pacific Union Financial with a scheduled closing in first-quarter 2019, bringing in $25 billion of loan servicing and an average annual loan origination production of over $10 billion, consisting of correspondent and warehouse channels.The affirmed ratings also elucidate on the company’s ‘Project Titan’ initiative to better align loan originations and servicing process flows and reduce cost. The company’s three lines of risk management framework across the loan servicing enterprise comprise continuous risk control self-assessment, governance and oversight functions, and internal audit. Internal audit results were satisfactory overall; however, Fitch analysts noted a continued opportunity for improvement in certain areas, which was taken into account in the rating assessment.There were no instances of material noncompliance identified in the Reg AB report for the year ended December 31, 2017.  Mr. Cooper’s customer service calls are routinely monitored for quality and compliance and the company engages a third party to conduct extensive customer feedback surveys to measure borrower satisfaction scores. Mr. Cooper’s call center performance metrics compare favorably with their industry peers, the ratings indicated. As of September 30, 2018, Nationstar serviced approximately 2.9 million loans with an unpaid principal balance (UPB) of $478 billion and was master servicer on 275,000 loans with an unpaid principal balance of $49.1 billion. Share 1Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] About Author: Donna Joseph The Best Markets For Residential Property Investors 2 days agocenter_img Tagged with: Fitch Ratings mortgage Mr. Cooper Nationstar Mortgage LLC RMBS U.S. servicer ratings Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News, Servicing Related Articles November 14, 2018 2,118 Views Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Fitch Rates Nationstar’s U.S. RMBSlast_img read more