Federal Agricultural Mortgage traded at $214.79 this Friday October 2nd, increasing $5.60 or 2.68 percent since the previous trading session. Looking back, over the last four weeks, Federal Agricultural Mortgage gained 5.03 percent. Over the last 12 months, its price rose by 31.68 percent. Looking ahead, we forecast Federal Agricultural Mortgage to be priced at 210.13 by the end of this quarter and at 196.74 in one year, according to Trading Economics global macro models projections and analysts expectations.
Federal Agricultural Mortgage Corporation is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. The Company provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Company’s secondary market activities include 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. Under the Farm & Ranch line of business, Company provides a secondary market for mortgage loans secured by first liens on agricultural real estate.