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Federal Agricultural Mortgage Corp. (AGM.A) [hlAlert]

The Federal Agricultural Mortgage Corporation (Farmer Mac) is a federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. Farmer Mac was created to establish a secondary market for agricultural real estate and rural housing mortgage loans. This
secondary market was designed to increase the availability of long-term credit at stable interest rates to America?s rural communities, farmers, ranchers and rural homeowners. Farmer Mac conducts these activities through three programs: Farmer Mac I, Farmer Mac II and Rural Utilities. The loans eligible for the Farmer Mac secondary market include mortgage loans secured by first liens on agricultural real estate and rural housing; certain agricultural and rural loans guaranteed by the United States Department of Agriculture, and loans to finance electrification and telecommunications systems in rural areas.
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( Total: Current Stock Recommendations )
Federal Agricultural Mortgage Corp.   ()
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AGM.A 25.50 down  -2.03 %

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