Farmer Mac’s earnings increase as its portfolio grows

Long-Term Standby Purchase Commitment (LTSPC): Farmer Mac’s commitment to purchase qualified loans from the bank’s portfolio at the point they become 90 days delinquent allows banks to transfer credit risk on those loans to Farmer Mac. Banks can free up capital for other purposes, including funding new growth, by reducing risk weighting on LTSPC loans to 20%.

2016 Farm Bank Performance Report The U.S. banking industry is a major provider of credit to agriculture with more than $176 billion in farm loans extended-nearly 50 percent of the total farm credit outstanding in the U.S.-as of year-end 2016. Moreover, the U.S. banking industry is a major source of credit to small farmers. Banks reported

Farmer Mac has responded by tightening its lending standards and the portfolio’s loan-to-value ratio has fallen to 60 percent from 70 percent, Buzby said. That has helped the 90-day delinquencies rate in its farm and ranch portfolio fall to 0.69 percent of loans in the second quarter of 2013, compared with a 1.30 percent delinquency rate in the.

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The trend of increasing off-farm income and its growing role in farm household finances has enabled many young and beginning farmers the means to enter agriculture. It will play an even larger part in allowing these groups to maintain viable operations during this current period of adjustment.

Average mortgage rates hold steady amid global trade disputes

Farmer Mac’s net income attributable to common stockholders for first quarter 2017 was $18.6 million ($1.73 per diluted common share), compared to $25.5 million ($2.38 per diluted common share) in.

The latest Tweets from Farmer Mac (@FarmerMacNews). Financing Rural America – Become a fan on Facebook: Washington, DC

SoFi’s loan losses pile up as even wealthy borrowers default Average mortgage rates hold steady amid global trade disputes That math is not good: breia harris takes in $1,400 a month, and pays about $800 of that toward her students loans of $65,000. She graduated from Ferris State University with a degree in communications and eventually got a job in event planning.

MicroEconomics – Pearson – week 5 -homework Quiz. Farmer Smith grows corn. The average total cost and marginal cost of growing corn for an individual farmer are illustrated in the graph to the right. Suppose the market for corncorn is perfectly competitive. If the market price is $32 per bushel, then to maximize profits,

[ID:nN05623395] Freddie Mac’s total portfolio grew at a 3.0 percent annualized rate in April, compared with an annualized fall of 9.1 percent in March. It was the first monthly increase since the 5.7.

Farmer Mac typically issues an earnings press release the day it files 10-Q and 10-K SEC financial reports. Each earnings press release is normally followed by an investor conference call. In addition, press releases are issued as necessary throughout the year whenever a material matter should be disclosed.

Arch’s capital cushion grew even after increased delinquencies In spite of rising interest rates, the U.S. consumer credit market is poised to perform well in 2018, with well-managed delinquencies and continued wide access to credit across all products. TransUnion’s (NYSE: TRU) 2018 consumer credit forecast found that expected increases to GDP, personal income, total employment and the Housing Price Index,