Company Description
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.
Country | United States |
IPO Date | May 21, 2021 |
Industry | Financial - Credit Services |
Sector | Financial Services |
Employees | 185 |
CEO | Bradford Todd Nordholm |
Contact Details
Address: 1999 K Street, NW Washington, DC United States | |
Website | https://www.farmermac.com |
Stock Details
Ticker Symbol | AGM-PG |
Exchange | NYSE |
Fiscal Year | January - December |
Reporting Currency | USD |
CIK Code | 0000845877 |
CUSIP Number | 313148835 |
ISIN Number | US3131488351 |
Employer ID | 52-1578738 |
SIC Code | 6111 |
Key Executives
Name | Position |
---|---|
Bradford Todd Nordholm | President & Chief Executive Officer |
Aparna Ramesh | Executive Vice President, Chief Financial Officer & Treasurer |
Sean T. Datcher | Senior Vice President & Chief Information Officer |
Gregory N. Ramsey | Vice President, Principal Accounting Officer & Chief Accounting Officer |
Jalpa Nazareth | Senior Director of Investor Relations & Finance Strategy |
Marc J. Crady | Senior Vice President & Chief Credit Officer |
Michelle Nichols | Senior Director of Governance, Risk & Compliance |
Robert J. Maines | Senior Vice President of Operations |
Stephen P. Mullery | Executive Vice President, General Counsel & Corporate Secretary |
Zachary N. Carpenter | Executive Vice President & Chief Business Officer |
Latest SEC Filings
Date | Type | Title |
---|---|---|
Dec 06, 2024 | 4 | Filing |
Nov 26, 2024 | 4 | Filing |
Nov 26, 2024 | 8-K | Current Report |
Nov 21, 2024 | 4 | Filing |
Nov 15, 2024 | 4 | Filing |
Nov 14, 2024 | 4 | Filing |
Nov 14, 2024 | 4 | Filing |
Nov 14, 2024 | 4 | Filing |
Nov 12, 2024 | 4 | Filing |
Nov 12, 2024 | 4 | Filing |