Farmer Mac

(redirected from Federal Agricultural Mortgage)
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Federal Agricultural Mortgage Corporation (Farmer Mac)

A federal agency chartered in 1988 to provide a secondary market for farm mortgage loans.

Farmer Mac

Informal for Federal Agricultural Mortgage Corporation. A publicly-traded company chartered by the U.S. Congress to provide a secondary market for mortgages granted for agricultural real estate and rural housing. In order to do this, it buys mortgages and repackages them, selling them as mortgage-backed securities. Farmer Mac was established to make real estate easier to purchase for farmers, ranchers, and rural citizens. It was established in 1988. See also: Farm Credit System, Fannie Mae, Freddie Mac.

Farmer Mac

A nickname for the Federal Agricultural Mortgage Corporation (FAMC).

References in periodicals archive ?
The Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE:AGM) (NYSE:AGM.
Board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a third quarter dividend of USD0.
Title: Sr VP--Agricultural Finance, Federal Agricultural Mortgage Company, or Farmer Mac
0m facility with Federal Agricultural Mortgage Corp.
It has also had a unique relationship with the Federal Agricultural Mortgage Corporation (Farmer Mac) in recent years.
THE AMERICAN BANKERS ASSOCIATION--through its subsidiary the Corporation for American Ranking--and Federal Agricultural Mortgage Corporation have renewed their agreement to assist member banks with the sale of their agricultural loans into the secondary market.
Through its subsidiary the Corporation for American Banking, the American Bankers Association has announced the renewal of an agreement with Federal Agricultural Mortgage Corporation.
Previously, she has served for 15 years as chief financial officer of the Federal Agricultural Mortgage Corporation (FAMC), a New York Stock Exchange listed corporation that she co-started.
1362(d)(3)(F), as amended by AJCA Section 237(a), modifies the definition of passive income to exclude interest income earned by banks and bank holding companies, as well as dividend income earned from assets required, for regulatory purposes, to be held by banks or their holding companies (including stock in the Federal Home Loan Bank, Federal Reserve Bank and Federal Agricultural Mortgage Bank, or participation certificates issued by a Federal Intermediate Credit Bank) .
By law, Reserve Banks act as fiscal agents for the following GSEs and international organizations: Fannie Mae; the Federal Home Loan Mortgage Corporation; entities of the Federal Home Loan Bank System; the Farm Credit System; the Federal Agricultural Mortgage Corporation; the Student Loan Marketing Association; the Financing Corporation; the Resolution Funding Corporation; the World Bank; the Inter-American Development Bank; the Asian Development Bank; and the African Development Bank.
In the late 1990s, GAO found that the Federal Agricultural Mortgage Corporation (Farmer Mac), a federal government-sponsored enterprise, had significant assets in nonmission investments and analyzed its long-term viability.
RAK603) HENRY EDELMAN - FEDERAL AGRICULTURAL MORTGAGE CORPORATION (AGM).

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