Virginia Association of REALTORS® Elects Bill White as 2016 President

Award-winning REALTOR® to lead organization of 31,000 members

Richmond, Va. – October 12, 2015 – (RealEstateRama) — William A. “Bill” White Jr., president and owner of Joyner Fine Properties, has been elected to serve as 2016 president of the Virginia Association of REALTORS® (VAR). He succeeds Deborah A Baisden as the top volunteer elected leader of VAR, which is the largest trade association in the state of Virginia with more than 31,000 members. White will assume his new VAR post in November 2015.

“It is an honor and privilege to serve as 2016 president of such an outstanding organization of real estate professionals,” said White, who has held a number of leadership and committee positions on VAR’s board over the years. “I have received significant value from VAR membership, including countless opportunities for career growth and many treasured lifelong relationships. I’m excited about working with the talented team of staff and volunteers at VAR, as well as building on the strong foundation of excellence established by Deborah Baisden and her predecessors.”

During his over 30-year career in the real estate industry, White has been involved in most aspects of commercial and residential sales and development. He holds several designations from the National Association of REALTORS®, is a past president of the Richmond Association of REALTORS® and the Roanoke Valley Association of REALTORS®. Awarded the Virginia Association of REALTORS®’ Salesman of the Year Award in 1983, White also earned the Richmond Association of REALTORS®’ REALTOR® of the Year Award in 2007.

As president and owner of Richmond-based Joyner Fine Properties since 1998, White runs a full service real estate company numbering over 200 agents and staff with residential, commercial, farm and estate, and property management divisions in three locations plus two satellite sales centers.

Terrie Suit, CEO of the Virginia Association of REALTORS®, commented, “Congratulations to Bill upon his election to the presidency of VAR and we extend sincere thanks to Deborah for her exceptional leadership as VAR president in 2015. Thanks to both of them, our organization has launched several new initiatives and strengthened its advocacy to benefit REALTORS® and the real estate profession across the Commonwealth.”

The Virginia Association of REALTORS® is the largest professional trade association in the state, representing approximately 31,000 REALTORS® engaged in the residential and commercial real estate business. VAR serves as an advocate for homeownership and homeowners and represents the interests of property owners in the Commonwealth of Virginia. For more information, visit

Note: The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.

Contact: Martin Johnson, Chief of Policy Advocacy
Email: Martin (at) varealtor (dot) com
Telephone: (804) 514-9830

Three Minnesota cities make realtor association’s best small town list

Austin, Minnesota — aka Spam Town USA — checked in at number five.

In rural America a firm handshake means something. Molecular gastronomy does not. Rooster calls are more common than sirens and the value of a dollar is appreciated. More importantly, patriot hero John Wayne is still afforded due reverence.

Small town livin’ isn’t for everyone. But for those into the lifestyle, several Minnesota cities are primo locations to plant roots. The National Association of Realtors recently compiled a list of the country’s “top 10 affordable small towns where you’d actually want to live” and three Minnesota cities made the cut.

The realtor group vetted 500 so-called “micropolitan” areas — where populations are in the 10,000 to 50,000 range — looking for cheap homes, low crime and unemployment rates, and places where there’s actually stuff to do. The open housers then ranked the top 10 by median listing price. Only Iowa matched Minnesota with three cities on the list, including top ranked/cheapest Oskaloosa.

Albert Lea, where the typical house costs $100,000, came in at No. 3. When the whistle blows at the local pork processing plant, workers can unwind on one of the handful of lakes encircling the town. At No. 5, Austin earned praise as the home of Fortune 500 company Hormel Foods (plus the expanding Spam Museum!), a sub-3 percent unemployment rate, and the Mayo Clinic Austin, which reportedly employs 900 medical pros. Austin Mayor Tom Stiehm is expectedly stoked about the ranking, but…

“Well, my reaction is how come Albert Lea is ahead of us?” he half jokes.

Nevertheless, Stiehm points to Austin’s bike trails, multiple theaters, and the Austin Symphony Orchestra as evidence of the city’s awesomeness. Not to mention that small-town friendliness.

“When you go out in Austin, everywhere you go you’re seeing neighbors and friends,” Stiehm says. “If you want to spend two hours getting $20 worth of groceries you can very easily. It’s just a neighborly thing that you have here.”

While border town Breckenridge got a shout-out for its proximity to No. 7 Wahpeton, North Dakota, New Ulm was the third Minnesota city with a bona fide spot on the list. At No. 8, the proud German community earned points for its location along the lush Minnesota River Valley, its billing as the polka capital of the nation (birthplace of the Six Fat Dutchmen), and being home to the Minnesota Music Hall of Fame.

Of course, every good German settlement needs a brewery and New Ulm boasts August Schell Brewing Company — the nation’s second oldest family owned beer factory and most romantic bluff-side brewery in the state. From the lager aces’ Bock Fest to three-day stein and sauerkraut celebration Bavarian Blast, there’s always something going on in New Ulm, Mayor Robert Beussman says.

“This weekend we were partying with Oktoberfest,” he notes.

Since the typical house is listed at a modest $114,000, home owners should still have plenty of beer money.

Fannie Mae Announces Third NPL Sale

Fannie Mae has announced that it is selling three pools of nonperforming loans (NPLs) with about $1.2 billion in unpaid principal balance (UPB).

The portfolio of about 7,000 loans is being marketed in collaboration with Credit Suisse Securities (USA) LLC, J.P. Morgan Securities, Bank of America Merrill Lynch and the Williams Capital Group LP.

Pool 1 of the portfolio is approximately $419 million in UPB, Pool 2 is approximately $590 million in UPB, and Pool 3 is approximately $235 million in UPB.

Bids are due by Nov. 2.

“This is our third sale of nonperforming loans – meant to reduce the number of severely delinquent loans we hold and provide borrowers with additional options to avoid foreclosure,” says Joy Cianci, senior vice president of credit portfolio management at Fannie Mae, in a release. “As with previous loan sales, servicers are required to apply a range of options to help borrowers avoid foreclosure whenever possible. These actions help in stabilizing neighborhoods and reducing severely delinquent loans on our books.”

As required under Freddie Mac’s rules related to NPL sales, in the event that a foreclosure cannot be prevented, the loan owner must market the property to owner-occupants and nonprofits exclusively before offering it to investors.

Embattled official at center of Fannie Mae litigation retires

The Washington official at the center of the Fannie Mae and Freddie Mac shareholder litigation has left the building.

Mario Ugoletti, a senior official at the Federal Housing Finance Agency, retired in September, an agency spokesman told The Post.

Ugoletti became publicly enmeshed in the controversy over the future of Fannie and Freddie after lawyers for Fairholme Funds, a shareholder, alleged in August that Ugoletti misled a federal court in 2013 when he swore the government did not know the two mortgage giants were about to return to profitability.

Then the No. 2 official at FHFA, Fannie and Freddie’s regulator, Ugoletti, a career civil servant, was intimately involved in the agency’s decision in 2012 to sweep all of companies’ future profits to

Treasury. The mortgage giants were supposed to pay back a $187 billion taxpayer bailout through a dividend, but FHFA argued that profits produced by the two companies would be so small that all their profits needed to be swept to Treasury.

But soon after the sweep was enacted, both companies returned to profitability.

Since then, they’ve sent more than $230 billion in profits to Treasury.
Bruce Berkowitz’s Fairholme, which owns more than $1 billion in Fannie and Freddie preferred shares, sued the government over the sweep decision.

Ugoletti’s FHFA exit came shortly after an Aug. 19 Fairholme court filing alleged that he had made “at a minimum, misleading” statements to a federal court that aren’t “credible.”

It is unknown whether his departure is related to the court case.

On May 15, Fairholme lawyers deposed Ugoletti. His deposition is under seal, but Fairholme lawyers suggested in the August filing that he contradicted his December 2013 statement, made in a federal court filing.

The lawyers also said that a deposition of former Fannie Chief Financial Officer Susan McFarland indicated Ugoletti’s sworn statement “is not credible.”

Ugoletti did not return a call for comment.


40 Bethesda Area Jobs: T-Mobile, Enterprise, Fannie Mae and More

News Alerts: Subscribe to a free email newsletter:BETHESDAROCKVILLESILVER SPRING

Here’s a roundup of recent job postings in Montgomery County:

-Council of Landscape Architectural Registration Boards (clarb)

-Koch Hoos


-Michaels Stores

-Michaels Stores

-Vitas Innovative Hospice Care

-Gecko Hospitality

-Medical Staffing Services


Find more employment listings under our Jobs tab at the top of the page.

Post a job listing at Patch here.

-Fannie Mae

-Gecko Hospitality




-Pizza Hut




-Patrice and Associates

-Eagle Wellness



-Booz Allen Hamilton

-Fannie Mae

-Smart Synergies

-Pizza Hut


-Guardian Protection Services

-Patrice and Associates

-José Andrés Thinkfoodgroup

-Momofuku Washington DC

-R A


-Dsw – Fashion Industry



-Comfort One Shoes

-Rise Solutions Group

-Trak Services

Fannie Mae: Recent Dip a Blip as Buying Sentiment Spikes

2015 Digital Edition

THE DESIGN ISSUE: BUILDER Custom Home announce their yearly design award winners showcasing the best of the best in home design and trends.

MAR’s Annual Realtor Awards For 2015

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The Massachusetts Association of Realtors has selected its four annual award winners for 2015. The winners were honored at the association’s professional awards reception, held in conjunction with the association’s 2w015 Conference and Tradeshow at the Hilton DoubleTree in Danvers, on Sept. 28 and 29.

Banker Tradesman congratulates Eileen Jonah-Daly, Sandra Berkenbush, Robert Nahigian and Kevin Sears on these well-deserved honors.

Realtor of the Year

2015-MAR-Awards-3_twgEileen Jonah-Daly, a Realtor at Annmarie Jonah Reaaltors in Lynn, is the Massachusetts Realtor of the Year for 2015.

The state’s Realtor of the Year is selected annually from among the nominees of the 15 local associations of Realtor and more than 20,100 Realtors in Massachusetts. Judging for the award is based on service to the local community, business accomplishments and service to the Realtor organization on the local, state and national levels.

Jonah-Daly is the 2015 president of the North Shore Association of Realtors (NSAR). She serves on the NSAR Finance and Budget and Orientation committees and was a member of the NSAR board of directors from 2011 to 2013.

At the state level, Jonah-Daly serves on the board of directors and is a member of Government Affairs, FPC and Forms committees.

On the national level, she is the Federal Political Coordinator for Rep. Seth Moulton.

Jonah-Daly has been a Realtor since 2005.

Good Neighbor Award

MARs 2015 Good Neighbor award winner Sandra Berkenbush with MAR President Corinne Fitzgerald.

MAR’s 2015 Good Neighbor award winner Sandra Berkenbush with MAR President Corinne Fitzgerald.

Sandra Berkenbush of Stone Ridge Properties in Newburyport was named MAR’s 2015 Good Neighbor Award winner for her work on behalf of The Cruise, an annual dinner cruise on the Merrimack River that raises money for cancer research. The Good Neighbor Award recognizes Realtors for their community activism.

In 1991, Berkenbush’s 11-year-old daughter was being treated for osteosarcoma at the Dana Farber/Boston Children’s Cancer and Blood Disorders Center. She was so thankful for her daughter’s recovery that in 1994 she launched The Cruise to raise money for the Claudia Adams Barr Program in Innovative Basic Cancer Research at Dana-Farber Cancer Institute. The Barr program supports cornerstone science research in its earliest stages, providing researchers with critical resources to test their leading-edge ideas. This past spring, Dana-Farber recognized Berkenbush with a Dana-Farber Marathon Challenge Lifetime Achievement award for her work with The Cruise and contributing $250,000 to the Barr program.

Real Estate Educator of the Year

Robert Nihigian, MARs 2015 Real Estate Educator of the Year award winner, with Annie Blatz, president-elect of MAR.

Robert Nihigian, MAR’s 2015 Real Estate Educator of the Year award winner, with Annie Blatz,
president-elect of MAR.

Robert Nahigian, state-approved continuing education instructor and commercial broker/owner of Auburndale Realty Co. in Newton, was named 2015 Massachusetts Real Estate Educator of the Year.

Besides being a full-time commercial real estate corporate broker and real estate counselor, Nahigian writes, designs and teaches real estate courses and programs for state and local Realtor associations across the country. On the national level, in 2012 Nahigian became faculty of CoreNet Global, the Association for Real Estate Directors of the Fortune 1000. He was also appointed a visiting assistant professor for Realtor University’s master’s program.

Nahigian has been appointed to the National Association of Realtor’s Commercial Speaker’s Bureau. He is also a senior instructor with the Society of Industrial and Office Realtors.

At the state level, Nahigian serves on the Massachusetts Real Estate Licensing Board’s Education Subcommittee to develop specific commercial real estate courses for CE licensees state-wide. He has exclusively developed and revised over 30 commercial courses for Massachusetts licensees and recently developed a CE-approved course on supply chain real estate decision-making.

This the second time he has received this award; the first was in 2011.

Distinguished Service Award

Kevin Sears (left) receives the Milton H. Shaw Distinguished Service Award from Gill Woods, past president of MAR.

Kevin Sears (left) receives the Milton H. Shaw Distinguished Service Award from Gill Woods, past president of MAR.

Kevin Sears, a broker and partner of Sears Real Estate in Springfield, was the recipient of MAR’s Milton H. Shaw Distinguished Service Award for 2015.

First awarded in 1984, the Milton H. Shaw Distinguished Service Award is presented annually to one MAR member or staff executive who has demonstrated outstanding leadership abilities and volunteered countless hours of personal time to serve on state association committees and participate in MAR activities.

A Realtor since 1994, Sears served as MAR president in 2010 and secretary-treasurer in 2008. Sears was also chairman of the Government Affairs Committee in 2007, the chairman of the Finance Committee in 2008 and has been a MAR director for 10 years. Sears served two consecutive one-year terms as chairman of the state Association’s Realtor Political Action Committee (RPAC) from 2005 to 2006. He currently serves on the RPAC board of trustees. In 2006, he was named the Massachusetts Realtor of the Year.

On the national level, Sears has served the Realtor organization as a federal political coordinator to Bay State Rep. Richard Neal (D-Springfield). He served as a trustee of the Realtor Political Action Committee of the National Association of Realtors (NAR), served as a member of NAR’s board of directors in 2008 and 2009, and participated in NAR’s home build to support Habitat for Humanity’s Operation Home Delivery, an initiative to construct new homes for hurricane victims on the Gulf Coast. He also served on NAR’s Realtor Political Involvement Committee from 2003-2008. Sears graduated as a member of NAR’s 2007/2008 inaugural Leadership Academy class.

On the local level, he was a director and chairman of the Government Affairs Committee for the Realtor Association of the Pioneer Valley (RAPV) in 2006 and has been a member of the committee since 1994. A past president of his local association, he also is a former treasurer and secretary of the RAPV, and a past chairman of its Finance and Strategic Planning committees. Additionally, he was a member and former chairman of the RAPV’s Communications Technology Task Force, and has served on the association’s RPAC sub-committee since 1994.

can be reached at


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Pleasantville native Clark is President of Realtors’ association

Ken Clark

Ken Clark

Ken Clark

Posted: Friday, October 9, 2015 8:31 am

Pleasantville native Clark is President of Realtors’ association

The Iowa Association of REALTORS® introduced its 2016 Leadership Team at the Annual Convention held recently at the Prairie Meadows Conference Center.

Ken Clark of West Des Moines was installed as the 2016 President. The remaining members of the 2016 Leadership Team include Cindy Miller of Burlington as President-Elect, Mark Kamps of Iowa City as Vice President, John Goede as Treasurer, and Jon Yocum as Immediate Past President.

Clark began his career in real estate over 40 years ago in his hometown of Pleasantville. He was very involved in the Marion County Board of REALTORS® and served as President in the late 1970s. Ken enjoyed serving in variety of local organizations, such as President of the Red Rock Lake Association, President of the Pleasantville Chamber, Chairman of the Marion County Republican Central Committee, and the finance chairman of his local church for many years.

Ken joined Coldwell Banker Mid-America Group in 1991 and spent nearly 25 years as a broker manager and later as Senior Vice-President for Coldwell Banker Mid-America Group. Ken and his wife, Diane, moved to West Des Moines in 2003. Recently they started a new company VIA Group, REALTORS®. Ken has been active on various committees for the Des Moines Area Association of REALTORS® (DMAAR). Clark was selected as REALTOR® of the Year in 2013. After serving as a long-time member on the DMAAR Board of Directors, Clark stepped into leadership culminating as the President of DMAAR in 2012.

Ken has served in many capacities at the state level. As a long-time Council of Residential Specialist (CRS) Designee, Ken served in leadership roles for the Iowa CRS Chapter, including President in 2005. Clark was named CRS of the Year in 2005. Clark has volunteered to serve on several committees at the Iowa Association of REALTORS® (IAR). He has been a member of the Legislative Committee, Housing Opportunity Committee, Legal Reference and Pro Standards Committee. Ken has served on the Executive Committee and the Board of Directors for several years.

In addition to his local and state volunteerism, Clark has served on the Professional Development Committee and the Risk Management Committee for the National Association of REALTORS® (NAR). Ken is currently serving on the Membership Policy and Board Jurisdiction Committee and the Board of Directors for NAR.

Ken and his wife Diane reside in West Des Moines and enjoy spending time with their two sons and four grandchildren.

Per IAR’s bylaws, the 2016 IAR Leadership Team will start the terms of their positions on November 17, after the end of the National Association of REALTORS® Conference.

IAR officers volunteer in these leadership positions while still selling real estate in their respective communities. The term REALTOR® is a registered trademark, which identifies real estate professionals who follow a strict code of ethics as members of the National Association of REALTORS ®. The Iowa Association of REALTORS ® is the state’s largest real estate professional organization representing over 6,800 members and affiliates. REALTORS® are the number one voice for real estate and defenders of home ownership. To find a local REALTOR® visit

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Friday, October 9, 2015 8:31 am.

Fannie Mae: It Is Bob Corker Versus Bill Ackman

After Senator Bob Corker’s surprise call for Americans to short Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) (FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) (FMCC) during an interview with CNBC’s Rick Santelli on Wednesday, in a new twist, Bill Ackman revealed that Political Alpha has circulated a new research note on the GSEs that could signal a shift in the Obama administration’s handling of the GSEs.

“Multiple sources have confirmed that the White House has reached out to the housing finance community to understand better its options on what to do with the GSEs after conservatorship,” according to Andrew Taylor, director of research at the investment intelligence agency. There’s already been rumours by various Hedge Funds that Obama’s team wants to privatise the GSEs; is this the beginning of the end?

Perhaps Obama’s team is coming around to the Republican senator from Tennessee’s camp, who was quoted on CNBC saying “people should just short it, because it’s major BS.”

“The Administration is in the very early stages of looking at various options to end the GSEs conservatorship. This is a major shift in thinking as it would entail ending the GSE profit sweep allowing Fannie and Freddie to begin to retain capital. We have been told the Administration is not close to deciding how to proceed,” said the Political Alpha note.

This follows on the heels of the latest litigation that arose from the Treasury Department’s 2012 profit-seeking takeover of Fannie Mae and Freddie Mac. On Sept 30, Judge Margaret Sweeney of the Court of Federal Claims agreed to the the plaintiffs’ demands in Fairholme Funds vs. United States to file all materials classified as “protected information” in relations to Fannie Mae and Freddie Mac. This essentially forces the administration to disclose the internal dealings behind the takeover they’ve been trying to suppress.

Corker on Fannie Mae

In Corker’s controversial CNBC interview, he changed tack and said the Republican-led Congress is “inept” and cannot be trusted to take up GSE reform, and in fact, many are no longer interested in reform as they were in 2008. But many on the hill and on the street are beginning to think he has a personal business interest in winding down the GSEs. Congress cannot act because without the GSEs, the housing market could crash and there’s just no substitute for the GSEs.

What do we know so far? The GSEs need to “pay back” what’s been invested by the government so far, which is $132 billion. They “may” need to pay interest on this at a rate that the government incurs to borrow from the public market. But then would the government have to pay them for their services in stabilizing the financial markets and creating liquidity in the market? There’s just too many unanswered questions left: was the SPSPA agreement needed and lawful when cheaper credit was already available from the fed? Did the conservatorship violate the fiduciary duties to shareholders? Are 80% equity warrants still valid?

Perhaps what we’ve seen this week is the two camps hunkering down for a big fight, with Corker dumping the stock while Ackman pumps them up. The ongoing legal battles could shed a light on what’s to come this season.

Fannie Mae Bethany McLeanFannie Mae Bethany McLean

Fannie Mae

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