Fannie Mae-No Politics (FNMA)

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AGM is trading at $133.00 with dividend of $1.10 quarterly.

AGM is known as Federal agricultural mortgage corporation .

AGM was the first government sponsored enterprise before gses of Fannie Mae and Freddie.

Federal Agricultural Mortgage Corporation (FAMC) Functionality

Farmer Mac operates its secondary market activities through four lines of business: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. Farmer Mac’s function within the marketplace is similar to that of other government-sponsored enterprises (GSEs), such as Fannie Mae and Freddie Mac. It purchases retail loans and then repackages them into pools of marketable.
securities. As a secondary market, the Federal Agricultural Mortgage Corporation (FAMC) provides a market for those securities.


Fannie Mae and Freddie Mac are following the same path like AGM.