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Farm Credit System

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Farm Credit System

The oldest government-sponsored enterprise (GSE) (www.farmcreditffcb.com) in the country, created in 1916. It is a nationwide network of borrower-owned lending institutions and affiliated service entities that makes loans to agricultural and rural borrowers.The members do not take deposits.The funds for loans are obtained through the issuance of Farm Credit debt securities on a worldwide basis in the domestic and global capital markets.
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These regulations would meet the registration requirements of the SAFE Mortgage Licensing Act of 2008, which requires the regulators to develop and maintain a system for registering residential mortgage loan originators who are employees of credit unions, national and state banks, savings associations, and Farm Credit System institutions and some of their subsidiaries.
New rules proposed on mortgage originations by Credit Union Times
Tonsager currently is on the board of both the Farm Credit Administration and Farm Credit System Insurance Corporation, and was director of USDA's, rural development activities in South Dakota during the Clinton administration.
Vilsack to get additional help at USDA by The Food & Fiber Letter
Changes to Farm Credit System Lending The Farm Credit System is asking for changes in its lending authority that would allow a wide expansion of its charter to offer loans and other financial services to businesses that weren't previously included in its lending mandate.
2007 in review: Congressional impact on CPA profession by Dinackus, Lisa M. / Journal of Accountancy
 
 
 
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