Detail akcie Farmer Mac online

Business Summary: Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company's segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. 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 (LTSPCs) for eligible loans. The loans eligible for the secondary market provided by Farmer Mac include mortgage loans secured by first liens on agricultural real estate, including part-time farms and rural housing (comprising the assets eligible for the Farm & Ranch line of business).
Financial Summary: BRIEF: For the fiscal year ended 31 December 2019, Federal Agricultural Mortgage Corp. revenues increased 19% to $645.1M. Net income applicable to common stockholders decreased 1% to $93.7M. Revenues reflect Farmer Mac Guaranteed Securities and USD increase of 15% to $333.9M, Loans For Securitaz. increase of 16% to $229.7M. Net income was offset by Provision for loan losses increase from $238K to $3.5M (expense).