Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 157

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 157
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 by any recourse provisions, recoveries from third parties, or collateral for the underlying loans:Table 6.1Outstanding Balance of Off-Balance Sheet Farmer Mac Guaranteed Securities  As of March 31, 2025As of December 31, 2024  (in thousands)Agricultural Finance  Farmer Mac Guaranteed Securities$414,291 $426,310 Total off-balance sheet Farmer Mac Guaranteed Securities$414,291 $426,310 Eligible loans and other eligible assets may be placed into trusts that are used as vehicles for the securitization of the transferred assets and the Farmer Mac-guaranteed beneficial interests in the trusts are sold to investors. The following table summarizes the cash flows received from trusts used for Farmer Mac securitizations:Table 6.2 For the Three Months Ended  March 31, 2025March 31, 2024  (in thousands)Guarantee fees received$404 $449     Farmer Mac presents a liability for its obligation to stand ready under its guarantee in "Guarantee and commitment obligation" on the consolidated balance sheets. The following table presents the liability and the weighted-average remaining maturity of all loans underlying off-balance sheet Farmer Mac Guaranteed Securities:Table 6.3As of March 31, 2025As of December 31, 2024(dollars in thousands)Guarantee and commitment obligation$5,423 $5,595 Weighted average remaining maturity:  Farmer Mac Guaranteed Securities21.0 years21.2 years

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Long-Term Standby Purchase CommitmentsFarmer Mac has recorded a liability for its obligation to stand ready under the commitment in the guarantee and commitment obligation on the consolidated balance sheets. The following table presents the liability, the maximum principal amount of potential undiscounted future payments that Farmer Mac could be requested to make under all LTSPCs, not including offsets provided by any recourse provisions, recoveries from third parties, or collateral for the underlying loans, as well as the weighted-average remaining maturity of all loans underlying LTSPCs:Table 6.4As of March 31, 2025As of December 31, 2024(dollars in thousands)Guarantee and commitment obligation(1)$42,256 $42,731 Maximum principal amount4,146,719 4,029,