A House panel plans to take a critical look at Farmer Mac, formerly known as the Federal Agricultural Mortgage Corporation.

Panel Chairman Richard Baker, R-La., said last week that a General Accounting Office report raises concerns about Farmer Mac's relation to other government-sponsored enterprises.

"A determination of the net benefits generated by Farmer Mac and the extent to which its mission activities compete with or complement other GSEs [government-sponsored enterprises] must be reconsidered," Baker said.

Farmer Mac is involved in some rural residential securitizations as well as the secondary market for agricultural loans. - ES

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.