Federal Agricultural Mortgage Corporation (AGM-PE) NYSE
Currency In USD
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Currency In USD
Address
1999 K Street, NW
Washington, DC 20006
United States of America (the)
Phone
800-879-3276
Website
Sector
Financial Services
Industry
Financial - Credit Services
Employees
191
First IPO Date
May 15, 2020
| Name | Title | Pay | Year Born |
| Bradford Todd Nordholm | Chief Executive Officer | 2.44M | 1957 |
| Matthew Michael Pullins | Executive Vice President, Chief Financial Officer & Treasurer | 539,264 | 1979 |
| Geraldine Idrizi Hayhurst | Executive Vice President, Chief Legal Officer & Secretary | 680,703 | 1974 |
| Brian Brinch | Executive VP & Chief Risk Officer | 818,192 | 1978 |
| Zachary N. Carpenter | President & Chief Operating Officer | 1.24M | 1983 |
| Michelle Nichols | Senior Director of Governance, Risk & Compliance | 0 | N/A |
| Jalpa Nazareth | Senior Director of Investor Relations & Finance Strategy | 0 | N/A |
| Kerry T. Willie | Senior Vice President & Chief Human Resources Officer | 0 | 1966 |
| Mandy Talan | MD, Principal Accounting Officer & Corporate Controller | 0 | 1981 |
| Lisa Meyer | Vice President of Marketing & Corporate Communications | 0 | N/A |
| Sean T. Datcher | Senior Vice President & Chief Information Officer | 0 | 1966 |
Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, provides a vital secondary market for diverse loans extended to borrowers throughout the United States. The company operates through four key business divisions: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. Within its Farm & Ranch segment, Farmer Mac acquires and retains mortgage loans secured by first liens on agricultural real estate. It also bundles eligible mortgage loans into securities, offering guarantees for the timely repayment of principal and interest on these instruments, and issues long-term standby purchase commitments for specified eligible mortgage loans. The USDA Guarantees segment focuses on purchasing portions of agricultural and rural development loans that are backed by the U.S. Department of Agriculture. The Rural Utilities segment is involved in both purchasing and guaranteeing securities supported by loans for electric or telecommunications infrastructure, typically made by cooperative lenders. This division also directly acquires eligible rural utilities loans, provides guarantees for their associated securities, and extends long-term standby purchase commitments for pools of such loans. Finally, the Institutional Credit segment offers guarantees for, and acquires, general obligations from lenders and other financial institutions. These obligations are collateralized by loan portfolios that align with Farmer Mac's other business lines, specifically Farm & Ranch, USDA Guarantees, or Rural Utilities. Established in 1987, Federal Agricultural Mortgage Corporation maintains its headquarters in Washington, D.C.