Farmer Mac has established an eight-digit alphanumeric pool numbering system to identify specific characteristics of the Qualified Loans in each pool and to facilitate Holders’ access to the factor and other loan information that Farmer Mac publishes periodically. The first four digits are “loan identifiers.” The first digit denotes the owner of a specified loan product; the second and third digits together denote the type of loan product and maximum original term to maturity of the Qualified Loans in the pool; and the fourth digit denotes the scheduled payment frequency with respect to the Qualified Loans in the pool. The last four digits sequentially designate pools with the same loan identifiers. The table below summarizes Farmer Mac’s current pool numbering system:
1st Digit
F = Farmer Mac
M = MONY
Z = Zions
2nd and 3rd Digits
A1 = 15 year fixed rate
B1 = 7 year fixed rate
C1 = 5 year conditional balloon reset
D1 = 1 year adjustable rate (15 year maturity)
E1 = 3 year adjustable rate (15 year maturity)
F1 = 5 year adjustable rate (15 year maturity)
G1 = 10 year fixed rate
H1 = 30 year fixed rate (part-time farm)
I1 = 15 year fixed rate (partial open prepay)
J1 = 5 year fixed/1 year adjustable rate (part-time farm; 30 year maturity)
K1 = 7 year fixed/1 year adjustable rate (part-time farm; 30 year maturity)
L1 = 10 year fixed/1 year adjustable rate (part-time farm; 30 year maturity)
M1 = 15 year fixed rate (part-time farm)
N1 = 5 year fixed/1 year adjustable rate (part-time farm; 15 year maturity)
O1 = 7 year fixed/1 year adjustable rate (part-time farm; 15 year maturity)
P1 = 10 year fixed/1 year adjustable rate (part-time farm; 15 year maturity)
Q1 = 10 year fixed/1 year adjustable rate (full-time farm, 15 year maturity)*
R1 = 3 year fixed/1 year adjustable rate (part-time farm; 30 year maturity)
U1 = 3 year fixed/1 year adjustable rate (part-time farm; 15 year maturity)
V1 = 1 month LIBOR adjustable rate (15 year maturity)
Y1 = 5 year draw AgEquity revolver (15 year maturity)
Z1 = 10 year draw AgEquity revolver (10 year maturity)
AQ = 7 year fixed/1 year adjustable rate (farm and ranch, 15 year maturity)*
BQ = 5 year fixed/1 year adjustable rate (farm and ranch, 15 year maturity)*
CQ = 3 year fixed/1 year adjustable rate (farm and ranch, 15 year maturity)*
*For loans with code Q, AQ, BQ and CQ originated on or after January 1, 2003; the 1 Year Adjustable Rate reset index is 12-month LIBOR following initial fixed rate period. For other product’s resets please contact the Farmer Mac Client Services Team at clientservices@farmermac.com.
4th Digit
A – Annual
S – Semi Annual
Q – Quarterly
M – Monthly