Ginnie MAE mortgage backed securities issuance and bond administration

Active Definitive Contract Awarded Last action

Contract number
47QFDA21C0001
Awardee
Awarding agency
Obligated
$283,544,661

Award facts

Contract value 33% obligated
  • $309,097,026.59 Current, with exercised options
  • $871,413,391.15 Potential, with all options
Completion date 58% complete
  • Current, with exercised options
  • Potential, with all options
Funding agency
Government National Mortgage Association Department of Housing and Urban Development
NAICS code
522110 Commercial Banking
Set-aside
No set-aside
Competition
Full and Open Competition · 2 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Washington, DC 20024, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Other Administrative Action P00025 $0
Funding Only Action P00024 $19,536,618
Exercise an Option P00023 $19,536,618
Funding Only Action P00022 $0
Funding Only Action P00021 $0
Funding Only Action P00020 $0
Exercise an Option P00019 $42,494,544
Funding Only Action P00018 $0
Other Administrative Action P00017 $0
Other Administrative Action P00016 $0
Funding Only Action P00015 $0
Exercise an Option P00014 $42,262,612
Supplemental Agreement for work within scope P00013 $0
Funding Only Action P00012 $0
Funding Only Action P00011 $0
Funding Only Action P00010 -$1,312,929
Funding Only Action P00009 $0
Exercise an Option P00008 $47,009,816
Supplemental Agreement for work within scope P00007 · Migrated ID11200023 ginnie MAE mortgage backed securities issuance and bond administration: MOD P00007 $0
Funding Only Action P00006 · The purpose of this modification is to exercise option year one(1) $49,163,303
Funding Only Action P00005 · Mortgage backed securities issuance and bond administration (MBSIBA). MOD P00005 funds realignment. $0
Supplemental Agreement for work within scope P00004 $0
Funding Only Action P00003 · Migrated ID11200023 ginnie MAE mortgage backed securities issuance and bond administration. MOD P0003 funds realignment $0
Funding Only Action P00002 $1,212,716
Funding Only Action P00001 $13,059,533
Original award $50,581,830
Show all 26

About this award

Written by GovTribe AI ·

The Government National Mortgage Association awarded a $871.4 million firm fixed-price definitive contract to Bank Of New York Mellon for Ginnie Mae mortgage-backed securities issuance and bond administration on January 1, 2021, with performance continuing through December 31, 2030.

The originating solicitation, posted March 13, 2020, requested proposals for mortgage pool processing, securities delivery, funds collection and payment, mortgage servicing rights transfer, systems operations and maintenance, and hosting of Ginnie Mae applications. The pre-solicitation notice identified contract value as exceeding $2 trillion with over $1.5 trillion in monthly mortgage-backed securities issuance volumes. Place of performance is Washington, DC.

Under Service Contract Inventory reporting, the contract invoiced $31.7 million across 18.2 FTEs in FY2021, growing to $47.7 million and 26.1 FTEs in FY2023 before declining to $40.8 million and 30.7 FTEs in FY2025. Government-paid blended hourly rates averaged $835.86 in FY2021 and declined to $616.21 by FY2024. The prime self-performed all reported hours through FY2025 with no subcontractors.

Quick answers

Who was awarded contract 47QFDA21C0001?

47QFDA21C0001 was awarded to Bank Of New York Mellon (The) by Assisted Acquisition Services Region 11 (Assisted Acquisition Services) on January 1, 2021.

How much is contract 47QFDA21C0001 worth?

The government has obligated $283,544,661 on 47QFDA21C0001. Its current value, with exercised options, is $309,097,027. Its potential value, with all options, is $871,413,391.

Which agency awarded contract 47QFDA21C0001?

Assisted Acquisition Services Region 11 (Assisted Acquisition Services) awarded 47QFDA21C0001, with funding from Government National Mortgage Association (Department of Housing and Urban Development).

Was contract 47QFDA21C0001 competed?

The extent of competition for 47QFDA21C0001 was full and open competition. The government received 2 offers.

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