| Business Summary | | Federal
Agricultural
Mortgage
Corporation
is
a
federally
chartered
instrumentality
of
the
United
States
that
was
created
to
establish
a
secondary
market
for
agricultural
real
estate
and
rural
housing
mortgage
loans.
Farmer
Mac
provides
liquidity
to
the
agricultural
mortgage
market
by:
purchasing
newly
originated
Qualified
Loans;
exchanging
securities
issued
and
guaranteed
by
Farmer
Mac
for
newly
originated
and
seasoned
Qualified
Loans
that
back
those
securities
through
its
"swap"
program;
issuing
long-term
standby
purchase
commitments
for
newly
originated
and
seasoned
Qualified
Loans;
and
purchasing
mortgage-backed
bonds
secured
by
Qualified
Loans
through
its
"AgVantage"
program. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AGM
is
a
federally
chartered
instrumentality
which
attracts
new
capital
for
the
financing
of
agricultural
real
estate
and
rural
housing
loans
and
provides
liquidity
to
rural
housing
lenders.
For
the
six
months
ended
6/30/01,
revenues
rose
6%
to
$103.4
million.
Net
income
before
acct.
change
rose
37%
to
$6.6
million.
Results
reflect
the
retention
of
guaranteed
agricultural
mortgage-backed
securities,
reduced
debt
levels,
and
increased
guarantee
fees
received. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Charles Branstool, 63 Chairman,
Director | -- | Henry Edelman, 51 Pres,
CEO | $681K | Gordon Southern, 73 Vice
Chairman, Director | -- | Nancy Corsiglia, 44 CFO,
Treasurer, VP-Bus. Devel. | 322K | Jerome Oslick, 53 VP,
Gen. Counsel, Sec. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|