Financial Crisis: How It Happened, Why Agriculture Is in Better Shape Nov 20, 2008
Farmer Mac, which serves as the secondary market for ag loans, did maintain a substantial investment portfolio and suffer substantial capital losses due to investments in Fannie Mae, Freddie Mac, Lehman Brothers and similar securities. As a result of exposure to these positions, preferred stock was issued to increase effective capital ratio. (Agri-View, WI)
Landfill file grows Nov 5, 2008
Senator Hebert and Representative Champagne, they went to bat for the people and Parish Council, and also the Airport Authority, said local farmer Mac Viator. Copyright. (New Iberia, LA)
Wall Street Waits On Lehman Sep 13, 2008
Farmer Mac was created as a secondary market for agricultural real estate and rural housing mortgage loans. Wall Street appeared to largely ignored Friday's , which saw inflation drop, consumer confidence rise, and retail sales slide. (Forbes -- Markets)
Oil Buoys The Street Sep 13, 2008
Farmer Mac was created as a secondary market for agricultural real estate and rural housing mortgage loans. Restaurants also. (Forbes)
U.S. federal mortgage success stories Sep 10, 2008
The Federal Agricultural Mortgage Corp., or Farmer Mac, for example, has been on a roll lately ... Chartered by the U.S. government in 1988, Farmer Mac buys mortgages on farmland from agricultural lenders and then sells instruments backed by those loans. (International Herald Tribune -- Business)
Lehman Lurches Sep 10, 2008
NYT reports the Federal Agricultural Mortgage Corporation, or Farmer Mac, has seen thanks to the soaring price of farmland and farm commodities. And the Government National Mortgage Association, or Ginnie Mae, has had one of its best years selling government-guaranteed debt. (Slate)
New Yorker: Bailout is paying for recklessness Jul 22, 2008
Other G.S.E.s play similar roles in other markets: the Federal Home Loan Banks make loans to banks, credit unions, and thrifts; the Farm Credit Banks facilitate the flow of credit to farmers; and Farmer Mac buys up farm and rural-housing mortgages. In each case, the government saw a hole in the marketplace and chartered a company to fill it. (MSNBC -- Business)
Farmer Mac Directors Elected at Annual Meeting of Stockholders Jun 12, 2008
WASHINGTON, June 11 /PRNewswire-FirstCall/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE: AGM and AGM.A) announced today that ten directors were elected to one-year terms on the Corporation's Board of Directors at the Annual Meeting of Stockholders held Thursday, June 5, 2008. Pursuant to the Farmer Mac charter, holders of Class A Voting Common Stock elected five directors and holders of Class B Voting Common Stock elected five directors ... The remaining five members of... (PR Newswire)
Farmer Mac Reports Officers' Amendments to 10b5-1 Trading Plans May 31, 2008
WASHINGTON, May 30 /PRNewswire-FirstCall/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) reported that two of its officers have amended existing prearranged trading plans, in accordance with Securities and Exchange Commission Rule 10b5-1 and Farmer Mac's policy on securities trades by company personnel ... Farmer Mac is the stockholder-owned instrumentality of the United States chartered by Congress to establish a secondary market for agricultural real estate... (PR Newswire)
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock Apr 5, 2008
WASHINGTON, April 4, 2008 /PRNewswire-FirstCall/ - The Board of Directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a quarterly dividend on the Corporation's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: ) ... Farmer Mac's Board of Directors has also declared a quarterly dividend on the Corporation's 6 ... Farmer Mac is a... (PR Newswire)
Farmer Mac Reports Fourth Quarter Results Mar 18, 2008
Core Earnings Up 51% for the Period, 15% for 2007 WASHINGTON, March 17 /PRNewswire-FirstCall/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) reports financial results on a GAAP basis and also reports core earnings. Farmer Mac uses core earnings to measure corporate economic performance and develop financial plans because, in management's view, core earnings more accurately represent Farmer Mac's economic performance, transaction economics and business trends... (PR Newswire)
Ackman Devoured 140,000 Pages, Fought 5 Years to Show `MBIA Was Never AAA' Feb 1, 2008
Spitzer was investigating not only Ackman's position in MBIA, but also his trading in two other companies, Pre-Paid Legal Services and Federal Agricultural Mortgage Corp., or Farmer Mac. Spitzer, now the New York governor, didn't respond to a request for comment. (Bloomberg)
Stocks to Watch Aug 10, 2007
The Federal Agricultural Mortgage Corp., or Farmer Mac () , reported net income available to common stockholders for second quarter of 2007 was $18. 4 million, or $1. (Fox News)
Fannie and Freddie Rocky After Report Jul 28, 2007
Though there are other GSEs, including Farmer Mac, Freddie and Fannie are by far the largest ones. In a report that looked into GSEs, Rose and Peng found that the falling prices in subprime mortgages have resulted in approximately $4. (Forbes)
West Sac bank funds part-time farmer loans May 28, 2007
Farmer Mac program fills mortgage gap for homeowners with farm income ... These loans -- one of many offered by , commonly known as Farmer Mac -- are very much a niche product, and few banks even bother to offer it, which may explain why the 2005 startup bank's program has been noticed by borrowers from across the state. (Sacramento Business Journal, CA)
Farmer Mac Announces Offering of Agricultural Mortgage-Backed Guaranteed Notes Due 2017 Apr 12, 2007
WASHINGTON, April 11 /PRNewswire-FirstCall/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE: AGM and AGM.A), announced today the offering of 10-year bullet maturity Guaranteed Notes. The Notes will be secured by an obligation of Metropolitan Life Insurance Company that will, in turn, be collateralized by Farmer Mac-eligible agricultural real estate mortgage loans ... Farmer Mac will fully and unconditionally guarantee the timely payment of interest and principal on the Notes.... (PR Newswire)
Farmer Mac New Business Volume Reached $3 Billion in 2006 Mar 16, 2007
Portfolio Reflects Strength of Ag Economy As Farmer Mac Reports 4th Quarter and Full Year 2006 Results WASHINGTON, March 15 /PRNewswire-FirstCall/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac)(NYSE: AGM, AGM.A) today reported that it attained record new business volume of $3 ... Farmer Mac noted that this growth was achieved with a portfolio of loans underlying its guarantees and standbys that continues to perform well, with delinquencies remaining at low levels in terms of both... (PR Newswire)
