Farmer Mac Reports Note Offering

Published July 11, 2006, 2:00 p.m. EDT

1 Min Read

The Federal Agricultural Mortgage Corp., a government-sponsored enterprise commonly known as Farmer Mac, has announced an offering of guaranteed notes by Farmer Mac Guaranteed Notes Trust 2006-2.Farmer Mac said the five-year notes will be collateralized by an obligation of Metropolitan Life Insurance Co. that, in turn, will be collateralized by Farmer Mac-eligible agricultural real estate mortgage loans. The GSE, which was chartered to provide a secondary market for agricultural real estate and rural housing mortgage loans, can be found on the Web at http://www.farmermac.com.

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