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Farmer Mac programs are structured to help banks meet the challenge presented by farm and ranch customers as they cope with their evermore complex financial environment. Through meeting this need, Farmer Mac helps banks solidify their ag leadership roles within their communities while improving their financial performance.
The Alliance between Farmer Mac and ABA's subsidiary, Business Solutions, has been in place since 2005. See ABA-member benefits below.
Programs and Products
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Whole Loan Purchase Program: by selling qualified loans and their associated credit and interest-rate risk, you can offer your customers the opportunity to lock in long-term fixed rates on their farmland loans.
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Long-Term Standby Purchase Commitment (LTSPC): Farmer Mac's irrevocable commitment to purchase qualified loans from the bank's portfolio at the point they become 120 days delinquent. This shifts all of the loan's credit risk to Farmer Mac, allowing the bank to risk-weight these assets at 20% versus 100%).Loans subject to the commitment are excluded from the lender's concentration and lending limit calculations, allowing growth with your larger farm and ranch borrowers.
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AgVantage: Farmer Mac's funding vehicle allowing a bank to access funding at Farmer Mac's advantageous rates using qualified mortgage loans. Borrrowing terms range up to 15 years.
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USDA Guarantee Purchase Program: Farmer Mac's liquidity program for USDA guaranteed loans, with Farmer Mac purchasing the guaranteed portions of these loans, both Farm Service Agency and Rural Development Business and Industry and Community Facility.
Customer Support & Technology
- AgPowerŪ LOS (Loan Origination System): This web-based system facilitates loan submission and communication with underwriters
- Varied, in-depth knowledge resources at www.farmermac.com
- Read the latest Alliance Alert
- Training webinars and teleconferences to enhance the secondary market expertise of your staff
- General as well as customized e-based learning tools
- Preferred rates for ABA members
- A streamlined approval process for becoming a Farmer Mac Seller
- Customized learning tools, support and communications
- Dedicated support through a special email account: ABABanker@farmermac.com
- "Alliance Alert" published quarterly exclusively for ABA members
- Special periodic educational webinars: "Farmer Mac Live: A Special Event for ABA Members"
| ABA Contact Jerry Sebold, Senior Director, Mortgage Solutions 202-663-7540 Send Email Business Solutions Hotline: 202-663-5575 |
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