Federal Agricultural Mortgage Corporation · Washington, DC United States ·(NYSE: AGM)
Company Description
Phone: 202-872-7700
Fax: 202-872-7713
Toll Free: 800-879-3276
View Federal Agricultural Mortgage Corporation Locations On A US Map
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This link will open in a new window Farmer Mac (Federal Agricultural Mortgage Corporation) is Fannie Mae and Freddie Mac 's country cousin. Like its city-slicker kin, it provides liquidity in its markets (agricultural real estate and rural housing mortgages) by buying loans from lenders and then securitizing the loans into Farmer Mac Guaranteed Securities. Farmer Mac buys both conventional loans and those guaranteed by the US Department of Agriculture . About 40% of Farmer Mac's outstanding loans are secured by real estate in the southwestern US; the Northwest and the Upper Midwest account for nearly 20% apiece. More than 40% of its loans are for crops, some 25% for livestock facilities, and about another 20% for permanent plantings. To read the full description, subscribe now.
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Key Federal Agricultural Mortgage Corporation Financials
| Company Type | Public - NYSE: AGM Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | -$126.1 |
| 2008 Employees | 43 |
Federal Agricultural Mortgage Corporation Executives
19 executives listed for Federal Agricultural Mortgage Corporation's Washington, DC location.
| Title | Name & Bio | Contact |
| Acting Chairman | Lowell Junkins | Network |
| President, CEO, and Director | Michael Gerber | Network |
| EVP Agricultural Finance and COO | Tom Stenson | Network |
Competition
Competitive Landscape for Federal Agricultural Mortgage Corporation
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Federal Agricultural Mortgage Corporation Competitors
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