This is a definitive, time and materials contract awarded by the Government National Mortgage Association (Ginnie Mae), a civilian agency, to Carrington Mortgage Services LLC for $1,771,982,062.77 to provide single family master subservicer services in support of Ginnie Mae's Mortgage-Backed Securities (MBS) programs. The contract has an ultimate completion date of August 9, 2023 and was awarded on August 10, 2019. The contract does not have a set-aside designation.
The prime contractor, Carrington Mortgage Services LLC, has awarded a subcontract to Arthuro Santiago, a Hispanic American-owned small disadvantaged business, to provide various services including executive compensation, housing, and tenant relocation under this contract.
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