The U.S. Government National Mortgage Association (Ginnie Mae) awarded a $871,413,391.15 definitive contract to The Bank of New York Mellon (BNY Mellon) for Mortgage Backed Securities (MBS) Issuance and Bond Administration services. This 10-year, firm fixed-price contract covers a range of services including mortgage pool processing, securities delivery, funds collection and payment, mortgage servicing rights transfer, systems operations and maintenance, and hosting of Ginnie Mae applications. The award is not set-aside and follows a pre-solicitation notice that outlined the $2+ trillion annual MBS issuance and processing volume. BNY Mellon, as the incumbent contractor, has extensive experience supporting critical government financial operations through prime contracts and subcontracts with various federal agencies. Key subcontractors include Deloitte Consulting, Mythics, Actualize Consulting, and Lunarline, who are providing IT consulting, security monitoring, and other professional services to support this large-scale contract.
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