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TRAVELERS REALTY INVESTMENT COMPANY CERTIFIED AS A FARMER MAC POOLER

 WASHINGTON, Dec. 29 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac), announced today that The Travelers Realty Investment Company (Travelers Realty) has been certified as a "pooler" (Certified Facility) in the Farmer Mac I program. Travelers Realty, a Connecticut corporation formed in 1988, is the wholly owned subsidiary of The Travelers Company, an insurance company with assets of over $50 billion.
 Travelers Realty previously participated in the Farmer Mac program as the originator/seller of over $230 million worth of agricultural loans pooled by another Farmer Mac certified pooler last May. According to Travelers Realty, the successful completion of that pool, as well as two other Farmer Mac agricultural loan pools during the last six months, were instrumental in the company's decision to seek pooler certification.
 "We are pleased that Travelers Realty has recognized the value of the Farmer Mac program based on first hand experience and has decided to become more actively involved as a certified pooler," Farmer Mac President Henry Edelman said. Looking to the future, Travelers Realty representatives intend to proceed as a Farmer Mac pooler by purchasing whole loans from banks, Farm Credit System associations and other originators, pooling those loans and selling Farmer Mac guaranteed securities backed by those pools.
 The Travelers Company has been involved in lending to the agricultural community for over 100 years. Travelers Realty was formed to manage the real estate mortgage loan portfolio, including agricultural and agribusiness loans. Approximately $15 billion worth of mortgage loans and real properties are currently managed by Travelers Realty, including agricultural assets valued at almost $1 billion serviced by its Agribusiness Group. The Agribusiness Group is also involved in originating and purchasing agricultural mortgage loans in all regions of the United States.
 Headquarters offices of Travelers Realty are located in Hartford, Conn., and Agribusiness field offices are located in California, Colorado, Texas and Tennessee.
 A Year of Significant Progress
 1992 has been a year of major accomplishments and significant progress for Farmer Mac. Three major pools, representing agricultural loans worth almost $600 million were formed. Farmer Mac's Linked Portfolio Strategy was implemented and has proven effective. The first public sale of Farmer Mac mortgage-backed securities took place in October and achieved pricing levels approximately equivalent to comparable securities issued by the established housing secondary market agencies.
 "Now, with the certification of Travelers Realty, another major participant in the agricultural lending community has increased its commitment to the Farmer Mac program and become a certified pooler creating exciting new prospects for 1993," Edelman stated. The announcement of an additional pooler certification is expected to be made immediately after the first of the year, he added.
 The Travelers Realty Investment Company joins Equitable Agri- Business, Prudential Agricultural Credit, Inc., Prudential Securities Corporation, John Hancock Mutual Life Insurance Company, Goldman Sachs Mortgage Company and Chemical Securities Corporation as certified Farmer Mac poolers.
 -0- 12/29/92
 /CONTACT: Thomas R. Clark of Farmer Mac, 202-872-7700/


CO: Federal Agricultural Mortgage Corporation; The Travelers Realty
 Investment Company ST: District of Columbia IN: FIN SU:


TW -- DC011 -- 0359 12/29/92 14:07 EST
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Publication:PR Newswire
Date:Dec 29, 1992
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