FARMER MAC


Also found in: Financial.
AcronymDefinition
FARMER MACFederal Agricultural Mortgage Corporation
References in periodicals archive ?
Farmer Mac provides a secondary market for various loans made to borrowers in the US.
Leibold started her career in public accounting and held various roles of increasing leadership responsibility at Sallie Mae and Freddie Mac before joining Farmer Mac.
Farmer Mac announced today that it will release its financial results for the fiscal quarter ending June 30, 2018, on Thursday, August 9, 2018, prior to the opening of equity markets.
"Our alliance has proven to be a mutually beneficial platform that brings the benefits of our product offerings to bankers across the country," said 'Vim Buzby, Farmer Mac president and CEO.
Farmer Mac, a government-sponsored enterprise (GSE), was established to provide a secondary market for agricultural real estate and rural housing loans and to increase agricultural mortgage credit.
Farmer Mac (Federal Agriculture Mortgage Corporation) was created in 1987 and originally only guaranteed farm-based securities other institutions pooled.
First, authority to fund other rural loans might be given to Farmer Mac, a GSE chartered to increase the supply of funds for farm mortgages.
Rather than create another FHA coinsurance program, the federal government might pattern its support for the secondary market after Farmer Mac I.
Jackson Takach, (jtakach@farmermac.com), is Director of Economic and Financial Research, Farmer Mac.
Board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a third quarter dividend of USD0.26 per share for each of Farmer Mac's three classes of common stock, the company said.
WASHINGTON: The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter ended March 31, 2016, which included $317 million in net new business volume growth that brought total outstanding business volume to $16.2 billion as of March 31, 2016.
(NYSE: AGM and AGM.A), bringing the total principal amount outstanding under the Farmer Mac Facility to USD 107.2m.