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The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural loans such as mortgages for agricultural real estate and rural housing. The company purchases loans from ...
In May 2008, Edelman successfully lobbied the U.S. Congress to expand Farmer Mac's charter to authorize it to purchase and guarantee securities backed by rural utilities loans. The expansion was a provision in the Food, Conservation and Energy Act of 2008. [5]
Fannie Mae and Freddie Mac have a limit on the maximum sized loan they will guarantee. This is known as the "conforming loan limit". The conforming loan limit for Fannie Mae, along with Freddie Mac, is set by Office of Federal Housing Enterprise Oversight (OFHEO), the regulator of both GSEs.
The amendments allowed the Farm Credit Bank for Cooperatives to make loans for agricultural exports and established a new regulatory scheme and capital standards for the Federal Agricultural Mortgage Corporation (Farmer Mac). The law also established new handling requirements for eggs to help prevent food-borne illness.
The Farm Credit System (FCS) in the United States is a nationwide network of borrower-owned lending institutions and specialized service organizations. The Farm Credit System provides more than $373 billion (as of 2022) [1] in loans, leases, and related services to farmers, ranchers, rural homeowners, aquatic producers, timber harvesters, agribusinesses, and agricultural and rural utility ...
U.S. congressional negotiators on Tuesday reached a tentative deal on a stopgap funding bill to avert a partial government shutdown, provide about $100 billion in fresh disaster aid and $10 ...
A government-sponsored enterprise (GSE) is a type of financial services corporation created by the United States Congress.Their intended function is to enhance the flow of credit to targeted sectors of the economy, to make those segments of the capital market more efficient and transparent, and to reduce the risk to investors and other suppliers of capital.
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