FarmerMac (Fed Agricultural Housing Corp) Sued For Securities Fraud

Farmer Mac and certain of the Company's officers and/or directors are charged with making a series of materially false and misleading statements related to the Company's business and operations in violation of the Securities Exchange Act of 1934 (the "Exchange Act"). Farmer Mac was chartered by Congress for the purpose of establishing a market for agricultural real estate and rural housing mortgage loans and rural utilities loans, as well as to facilitate capital market funding for USDA-guaranteed farm program and rural development loans.