Stock Report: Federal Agricultural Mortgage Corp. Cl C (AGM) Report Updated: May 20, 2013 | Print This Page

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It engages in 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 company also purchases or commits to purchase eligible mortgage loans secured by first liens on agricultural real estate; purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture; and purchases, guarantees securities, and issues LTSPCs for eligible rural utilities loans made by cooperative lenders to finance electrification and telecommunications systems in rural areas. Federal Agricultural Mortgage Corporation was founded in 1987 and is based in Washington, D.C.