Farmer Mac’s Chief Credit Officer Steps Down

Feb 14, 2020

Federal Agricultural Mortgage Corporation, also known as Farmer Mac, has announced that J. Curt Covington has resigned as executive vice president and chief credit officer, effective today.

Covington joined Farmer Mac in January 2015 as senior vice president for agricultural finance. Earlier in his career, he was he managing director for the agriculture and rural banking division at Bank of the West and held management roles within the Farm Credit System and at Rabobank

“I'm very proud of the experienced and talented credit team at Farmer Mac and what we've been able to accomplish in support of rural America,” Covington said. “My resignation comes at a time when I need to spend more time at home to put more attention on my family. Sometime in the future I look forward to working again within the ag industry–which has been my passion my entire career–and it would be great if that work intersected with Farmer Mac.”

About the author

Phil Hall

Link copied

Published

Feb 14, 2020

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...