Federal Agricultural Mortgage
Federal Agricultural Mortgage Corporation is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. The Company provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Company’s secondary market activities include 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. Under the Farm & Ranch line of business, Company provides a secondary market for mortgage loans secured by first liens on agricultural real estate.