86615623C00016
Definitive Contract
Overview
Government Description
SINGLE FAMILY MASTER SUBSERVICER SERVICES IN SUPPORT OF GINNIE MAE'S MORTGAGE-BACKED SECURITIES (MBS) PROGRAMS.
Awardee
Awarding Agency
Funding Agency
Place of Performance
Anaheim, CA 92806 United States
Pricing
Time And Materials
Set Aside
None
Extent Competed
Not Competed
Est. Average FTE
2859
Related Opportunity
None
Analysis Notes
Amendment Since initial award the Potential Award value has decreased 10% from $1,456,170,708 to $1,312,270,708.
Sole Source This Definitive Contract was awarded sole source to Carrington Mortgage Services because the government believes that only one company can provide the product / service (FAR 6.302-1).
Subcontracting Plan This Definitive Contract has an Individual Subcontract Plan. The Department of Housing and Urban Development has an overall small business subcontracting goal of 28%
Sole Source This Definitive Contract was awarded sole source to Carrington Mortgage Services because the government believes that only one company can provide the product / service (FAR 6.302-1).
Subcontracting Plan This Definitive Contract has an Individual Subcontract Plan. The Department of Housing and Urban Development has an overall small business subcontracting goal of 28%
Carrington Mortgage Services was awarded
Definitive Contract 86615623C00016 (866156-23-C-00016)
for Single Family Master Subservicer Services In Support Of Ginnie Mae'S Mortgage-Backed Securities (MBS) Programs.
worth up to $1,312,270,708
by Government National Mortgage Association
in August 2023.
The contract
has a duration of 3 years and
was awarded
full & open
with
NAICS 523150 and
PSC R408
via sole source acquisition procedures with 1 bid received.
As of today, the Definitive Contract has a total reported backlog of $554,750,213 and funded backlog of $57,975,057.
Status
(Open)
Last Modified 1/14/25
Period of Performance
8/10/23
Start Date
8/9/25
Current End Date
8/9/26
Potential End Date
Obligations and Backlog
$757.5M
Total Obligated
$815.5M
Current Award
$1.3B
Potential Award
$58.0M
Funded Backlog
$554.8M
Total Backlog
Award Hierarchy
Definitive Contract
86615623C00016
Subcontracts
Activity Timeline
Transaction History
Modifications to 86615623C00016
People
Suggested agency contacts for 86615623C00016
Competition
Number of Bidders
1
Solicitation Procedures
Sole Source
Other Than Full and Open Competition
Only One Source - Other
Evaluated Preference
None
Performance Based Acquisition
Yes
Commercial Item Acquisition
Commercial Item
Simplified Procedures for Commercial Items
No
Other Categorizations
Subcontracting Plan
Individual Subcontract Plan
Cost Accounting Standards
Exempt
Business Size Determination
Large Business
Awardee UEI
F4MUQB9W8KS9
Awardee CAGE
6EL69
Agency Detail
Awarding Office
866156 CPO : FHA HOUSING SUPPORT DIVISION
Funding Office
866489
Created By
clredding
Last Modified By
clredding
Approved By
clredding
Legislative
Legislative Mandates
None Applicable
Performance District
CA-46
Senators
Dianne Feinstein
Alejandro Padilla
Alejandro Padilla
Representative
J. Correa
Budget Funding
| Federal Account | Budget Subfunction | Object Class | Total | Percentage |
|---|---|---|---|---|
| Guarantees of Mortgage-Backed Securities Loan Guarantees, Program Account, Government National Mortgage Association, Housing and Urban Development (086-0186) | Mortgage credit | Advisory and assistance services (25.1) | $22,404,901 | 100% |
Modified: 1/14/25