American Veterans Group approved as diversity-owned firm by Fannie Mae, Freddie Mac

Status enables AVG to underwrite fixed-income securities for government-sponsored, shareholder-owned mortgage corporations

MELVILLE, N.Y., March 8, 2023 /PRNewswire/ — American Veterans Group (AVG), a social impact investment bank and Wall Street’s first and only public benefit corporation, has been approved as a diversity-owned broker dealer by Freddie Mac and Fannie Mae. The designations enable AVG to underwrite and distribute fixed income securities for the government-sponsored, shareholder-owned mortgage corporations.

At Fannie Mae, AVG has been approved as an ACCESS program firm. The program, established in 1992, provides opportunities for diversity-owned broker dealers to distribute Fannie Mae fixed income securities, including debt, mortgage-backed securities, and credit risk transfer, to the capital markets.

At Freddie Mac, AVG has been designated as a participating Diverse Business Enterprise, enabling the firm to support Freddie Mac reference bill securities, discount note securities, medium term notes and reference note securities.

AVG is a rapidly growing social-impact investment banking firm that dedicates 25% of its earnings to support veterans causes. The firm directs its philanthropic giving to communities where it and its clients do business. Since its inception, AVG has donated about $614,000 to 40 veteran non-profit organizations across the U.S., directly impacting the lives of 3,200 U.S. military veterans. 

About American Veterans Group 

American Veterans Group, PBC, is a military veteran-owned, social impact-focused broker dealer that delivers value to institutional clients while providing meaningful philanthropic support to the military veteran community. The company reinvests 25% of its earnings in national and local military veteran nonprofit organizations that provide worthy services and support to one of America’s most vulnerable, at-risk populations. As Wall Street’s only public benefit corporation, American Veterans Group empowers institutional clients to partner in its social mission while enabling them to remain focused on key business objectives and goals. To learn more about American Veterans Group, visit their website at www.americanvetsgroup.com

Media Contact:  
For American Veterans Group 
Mark Kroeger 
The Boldsquare Group 
(513) 236-3109 
[email protected] 

SOURCE American Veterans Group

Originally published at https://www.prnewswire.com/news-releases/american-veterans-group-approved-as-diversity-owned-firm-by-fannie-mae-freddie-mac-301766181.html
Images courtesy of https://pixabay.com

Related Stories

best marketing company in Miami

Discover

Los Angeles Unified Launches Ed, a Pioneering Learning Acceleration...

LOS ANGELES, March 21, 2024 /PRNewswire/ -- Los Angeles Unified has launched a first-of-its-kind...

National Trust for Historic Preservation and American Express Seeking...

WASHINGTON, March 18, 2024 /PRNewswire/ -- The National Trust for Historic Preservation and American...

BeCause Expands its Solution, Enabling Hotels with European Operations...

The sustainability data management platform, designed exclusively for hotels and travel, will introduce a...

Liquid I.V. Partners with FORMULA 1 CRYPTO.COM MIAMI GRAND...

The multi-year collaboration announces Liquid I.V. as the premiere hydration partner for the first...

Yum China to Report First Quarter 2024 Financial Results

SHANGHAI, March 19, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987,...

WORLD’S MOST EXCLUSIVE EPICUREAN EVENT ‘ONCE UPON A KITCHEN’...

Once Upon a Kitchen presented by GR8 Experience and W South Beach offers an...
watch free celebrity tv