Farmer Mac mini-poolers: Making ag loans profitable to more banks

Kelly O Brien-Wray

American Bankers Association, 1994, vol. 07, issue 4

Abstract: Federal Agricultural Mortgage Corp., better known as Farmer Mac, was created to establish a secondary market for mortgages secured by agricultural real estate and rural housing. While Farmer Mac programs have been around for several years, they initially had very little impact on agricultural lending for a variety of reasons. This is changing, with mini-poolers making Farmer Mac more accessible and profitable to lenders. Mini-poolers are lenders that either originate or buy Farmer Mac qualified loans originated by other lenders. The loans are then sold to one of the certified poolers. The originator can generate income from loan fees and servicing income for the life of the loan.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1994
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