Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
11 |
Employees |
211 |
Revenues (TTM) (Millions $) |
350 |
Net Income (TTM) (Millions $) |
200 |
Cash Flow (TTM) (Millions $) |
28 |
Capital Exp. (TTM) (Millions $) |
0 |
Federal Agricultural Mortgage Corporation
The Federal Agricultural Mortgage Corporation (also known as Farmer Mac) is a US government-sponsored enterprise (GSE) that was established in 198 The main purpose of Farmer Mac is to provide a secondary market for agricultural real estate loans and rural housing mortgage loans. This helps farmers, ranchers, and other rural borrowers to obtain better access to credit and capital, which enables them to finance their operations and improve their livelihoods.
Farmer Mac operates as a private corporation, but it is authorized by Congress and supervised by the Federal Housing Finance Agency (FHFA). The company is headquartered in Washington, D.C. and has regional offices in California, Kentucky, and Texas.
Farmer Mac provides several types of products and services to its customers, including:
1. Agricultural Real Estate Loans:
Farmer Mac purchases or guarantees mortgage loans that are secured by a first lien on agricultural real estate. These loans are originated by lenders who serve the agricultural and rural markets. Farmer Mac provides liquidity to these lenders by purchasing their loans or issuing guarantees that reduce their risk.
2. Rural Housing Loans:
Farmer Mac also purchases or guarantees mortgage loans that are secured by residential properties in rural areas. These loans are originated by lenders who specialize in serving rural communities. Farmer Mac provides liquidity to these lenders by purchasing their loans or issuing guarantees that reduce their risk.
3. USDA-Guaranteed Loans:
Farmer Mac participates in the USDA's guaranteed loan program, which provides lenders with a government guarantee on rural housing and agricultural real estate loans. Farmer Mac purchases or guarantees these loans, which enables lenders to originate more loans and better serve their customers.
4. Correspondent Lending:
Farmer Mac also operates a correspondent lending program, which allows approved lenders to sell their loans to Farmer Mac. These loans must meet Farmer Mac's underwriting and eligibility requirements, and they can be sold on a flow or bulk basis.
In addition to the above products and services, Farmer Mac also provides financial reporting, risk management, and asset/liability management services to its customers. The company is known for its innovative and flexible approach to agribusiness lending, and it has helped thousands of rural borrowers to achieve their financial goals.
Company Address: 1999 K Street, N.W. Washington, 20006 DC
Company Phone Number: 872-7700 Stock Exchange / Ticker: 0 AGMA
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