Get the recipe of your success


Turn Your Light
Business On!

Click here

American Federal Mortgage

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 31st. Shareholders of record on Friday, December 16th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Wednesday, December 14th. Federal Agricultural Mortgage Corporation’s dividend payout ratio (DPR) is currently 20.97%.

In related news, CFO Robert Dale Lynch sold 2,264 shares of the firm’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $56.60, for a total value of $128,142.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Gregory Ramsey sold 799 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $52.53, for a total transaction of $41,971.47. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 30,648 shares of company stock valued

at $1,474,799. Insiders own 4.84% of the company’s stock.

“Home buyers in California, who would have saved an average of $860 a year, will be negatively impacted more than any other state by the decision to not reduce the FHA premium,” California of Realtors Association President Geoff McIntosh said in a statement.

On the other hand, Ed Pinto, a resident fellow with the American Enterprise Institute, said that halting the premium cut “is actually good news for first-time buyers.” His research shows that when you cut the mortgage insurance premium in a seller’s market where there’s very little inventory, like we have in most parts of the country, it increases demand for FHA loans and increases home prices, making homes less affordable for FHA borrowers.

FHA loans are popular with first-time home buyers because they require lower down payments (as little as 3.5 percent) and lower credit scores (generally down to 580) than Fannie Mae and Freddie Mac. Fannie and Freddie require mortgage insurance on loans with less than 20 percent down, but it comes from private-sector companies.

Category: American mortgage

Similar articles: