Federal Agricultural Mortgage Corp.
Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation that provides a secondary market for qualified agricultural mortgage loans and rural utilities loans, rural utilities loans and USDA-guaranteed farm program and rural development loans. It combines private capital and public sponsorship to serve a public purpose. The company conducts its lending activities through three programs: Farmer Mac I, Farmer Mac II and Rural Utilities. 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 for eligible loans. The company was founded in 1987 and is headquartered in Washington, DC.