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Federal Agricultural Mortgage Corporation |
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Federal Agricultural Mortgage Corporation (Farmer Mac) Federal Agricultural Mortgage Corporation A publicly-traded company chartered by the U.S. Congress to provide a secondary market for mortgages and real estate in the agricultural sector. In order to do this, it buys mortgages on farms, ranches, and rural housing and repackages them, selling them as mortgage-backed securities. It also provides guarantees on some agricultural mortgages. The Federal Agricultural Mortgage Corporation uses these tools to help maintain a reasonable interest rate and steady funding for farmers and agricultural companies. It is informally called Farmer Mac. See also: Fannie Mae, Freddie Mac. Federal Agricultural Mortgage Corporation (FAMC) Commonly called Farmer Mac (www.farmermac.com), it is one of the system entities in the Farm Credit System. Its purpose is to attract new capital for the financing of agricultural real estate and to provide liquidity to agricultural lenders. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Rabobank purchases a $354 million portfolio of agricultural loans from the Federal Agricultural Mortgage Corporation (Farmer Mac). Federal Agricultural Mortgage Corporation (Farmer Mac) Federal Agricultural Mortgage Corporation (Farmer Mac) |
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