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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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More loan options for farmers--The American Bankers Association and Federal Agricultural Mortgage Corporation have entered into an exclusive agreement to bring ABA members special pricing discounts on selected Farmer Mac products and new AgPower customized loan packaging services. WASHINGTON -- The Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE: AGM and AGM. Farmer Mac, the Federal Agricultural Mortgage Corporation, can now work directly with local agricultural lenders who submit their institution's Own loan documentation for intermediate- and long-term fixed loan rates, thereby eliminating the hassle of completing additional forms. |
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