Federal Agricultural Mortgage Corporation (AGM-PE)

USD 23.2

(-0.13%)

Market Cap (In USD)

2.22 Billion

Revenue (In USD)

714.2 Million

Net Income (In USD)

200 Million

Avg. Volume

6721.00

Currency
USD
Country
Financial Services
Open
-
Prev. Close
-
Day Range
-
Year Range
22.39-24.9299
PE
-
EPS
-
Beta Value
1.059
ISIN
US3131488500
CUSIP
-
CIK
845877
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Financial Services
Industry
Financial - Credit Services
CEO
Mr. Bradford Todd Nordholm
Employee Count
-
Website
https://www.farmermac.com
Ipo Date
2020-05-15
Details
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities that are backed by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and purchases eligible rural utilities loans and guarantees of securities backed by those loans, as well as LTSPCs for pools of eligible rural utilities loans. The Institutional Credit segment guarantees and purchases general obligations of lenders and other financial institutions that are secured by pools of loans eligible under the Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.