Farmer Mac

AGM NYSE
74.35
-0.67
-0.89%
After Hours: 74.35 0 0.00% 16:33 07/15 EDT
Open
75.22
Prev Close
75.02
High
75.22
Low
73.64
Volume
66.92K
Avg Vol (3M)
40.69K
52 Week High
99.11
52 Week Low
55.64
% Turnover
0.63%
Market Cap
794.72M
1D
5D
1M
3M
1Y
5Y

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Company Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company's segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans. The loans eligible for the secondary market provided by Farmer Mac include mortgage loans secured by first liens on agricultural real estate, including part-time farms and rural housing (comprising the assets eligible for the Farm & Ranch line of business).
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