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Present Trend: Federal Agricultural Mortgage Corporation (NYSE: AGM)

Federal Agricultural Mortgage Corporation is in the financial services sector and credit services industry. The company CEO is Bradford T. Nordholm. Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of four segments: Farm and Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit.

Previous Intraday Performance:

The AGM shares had a previous change of 2.14% which opened at 65.11 and closed at 66.41. It moved to an intraday high of 66.92 and a low of 65.11.

SeekingAlpha:   The Federal Agricultural Mortgage’s (AGM) CEO Brad Nordholm on Q3 2018 Results – Earnings Call Transcript

Historical Performance:

Over the last five trading days, AGM shares returned -1.98% and in the past 30 trading days it returned -3.74%. Over three months, it changed -15.46%. In one year it has changed -5.15% and within that year its 52-week high was 99.11 and its 52-week low was 64.55. AGM stock is 2.88% above its 52 Week Low.

New owners pay $2.6M for hotel in west Little Rock, plan to keep it 'forever'; steakhouse property sells for $2M

Bri and Dee Corp. of Little Rock paid $2.6 million last month for a 99-room former Studio 6 hotel at 1010 Breckenridge Drive in west Little Rock.

Dipesh Patel is president and registered agent for Bri and Dee Corp. He has rebranded the three-story hotel as Mstar, a European brand. It previously was a La Quinta, among other brands.

Glenn Everton incorporated the company in 2014. Mukeshbhai Patel was secretary.

Bri and Dee Corp. borrowed $2.3 million from Entegra Bank of Franklin, N.C., to help finance the deal. About $2.1 million went to buy the hotel, $69,000 was to cover closing costs, $25,000 as working capital and $154,000 for renovations, the mortgage said.

The mortgage on the 2.2 acres and hotel matures in 2043.

Dipesh Patel said he is trying to improve the hotel so he can get an affiliation with a bigger name.

Dipesh Patel sold the hotel he owned in Ozark and bought the Little Rock property.

"It was my wife's dream that we buy this kind of hotel someday," he said. "So I made it true for her. Maybe we can make it a five-star someday. Maybe we can put in a gym room, a conference room and a pool someday. Or a restaurant and bar."

I have a mortgage with Bradford & Bingley......?

....from today B&B have effectively been nationalised. The Mortgage arm of the Business is unlikely to be bought by anyone. What implications are there for me paying my mortgage to the Government?


it won't make any difference, when you come off your fixed rate you would be looking across the whole market for your new deal, not just staying with BnB so whether or not they increase their SVR is immaterial to you.