The board of directors of the Federal Agricultural Mortgage Corp., Washington, has for the first time declared a quarterly dividend on its three classes of common stock.The Farmer Mac board declared a dividend of $0.10 per share of class A and class B voting common stock and class C nonvoting common stock. The dividend will be payable on Dec. 31 to stockholders of record as of Dec. 15. The board also declared a regular quarterly dividend of $0.80 per share on the corporation's 6.40% cumulative preferred stock, series A.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18