Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 44

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
 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:

35

Table 6.2 For the Six Months Ended  June 30, 2025June 30, 2024  (in thousands)Proceeds from new securitizations$286,511 $343,654 Guarantee fees received790 857     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 June 30, 2025As of December 31, 2024(dollars in thousands)Guarantee and commitment obligation$5,221 $5,595 Weighted average remaining maturity:  Farmer Mac Guaranteed Securities21.0 years21.2 yearsLong-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 June 30, 2025As of December 31, 2024(dollars in thousands)Guarantee and commitment obligation$42,255 $42,731 Maximum principal amount4,416,846 4,029,019 Weighted-average remaining maturity14.5 years14.5 years

36

Reserve for Losses -  LTSPCs and Farmer Mac Guaranteed Securities The following table is a summary, by asset type, of the reserve for losses as of June 30, 2025 and December 31, 2024:Table 6.5June 30, 2025December 31, 2024Reserve for LossesReserve for Losses(in thousands)Agricultural Finance$1,432 $1,431 Infrastructure Finance188 192