Farmer Mac Closes $313.5 Million Agricultural Mortgage-Backed Securities Securitization
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Farmer Mac has completed a $313.5 million securitization of agricultural mortgage-backed securities (AMBS). The mortgage pool includes 343 agricultural mortgage loans. The issuance consists of a $290.0 million senior tranche, guaranteed by Farmer Mac, and a $23.5 million unguaranteed subordinate tranche. This is Farmer Mac’s seventh agricultural mortgage-backed securitization.
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