Single family master subservicer services in support of ginnie MAE's mortgage-backed securities (MBS) programs.
Ended Definitive Contract Awarded Last action
- Contract number
- 86615619C00007
- Awardee
-
Carrington Mortgage Services LLC UEI F4MUQB9W8KS9
- Awarding agency
-
Federal Housing Administration Support
Department of Housing and Urban Development
- Obligated
- $291,649,409
Award facts
- Contract value 100% obligated
- $291,649,408.80 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- Government National Mortgage Association Department of Housing and Urban Development
- NAICS code
- 523110 Investment Banking and Securities Dealing
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Time and Materials
- Place of performance
- Anaheim, CA 92806, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Funding Only Action | -$72,550,220 | |
| Funding Only Action | -$751,221,245 | |
| Funding Only Action | $2,400,000 | |
| Supplemental Agreement for work within scope | $111,713,692 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $57,094,860 | |
| Additional Work (new agreement, FAR part 6 applies) | $50,624,821 | |
| Exercise an Option | $303,568,736 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $1,501,922 | |
| Exercise an Option | $303,826,089 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $284,690,755 |
Show all 16
About this award
This is a federal contract awarded by the Government National Mortgage Association (Ginnie Mae), a federal agency, to Carrington Mortgage Services LLC. The contract is for single family master subservicer services in support of Ginnie Mae's mortgage-backed securities (MBS) programs. The contract is a definitive contract with a time and materials pricing type, and has a ceiling value of $291,649,408.80. The contract does not have a set-aside designation. A subcontract under this award was issued to Arthuro Santiago, a minority-owned small disadvantaged business, for executive compensation and housing services. The contract has an ultimate completion date of August 9, 2023.
Subawards
| Subcontractor | Amount | Awarded |
|---|---|---|
| Arthuro Santiago | $1,131,694,369 |
Quick answers
Who was awarded contract 86615619C00007?
86615619C00007 was awarded to Carrington Mortgage Services LLC by Federal Housing Administration Support (Department of Housing and Urban Development) on August 10, 2019.
How much is contract 86615619C00007 worth?
The government has obligated $291,649,409 on 86615619C00007.
Which agency awarded contract 86615619C00007?
Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615619C00007, with funding from Government National Mortgage Association (Department of Housing and Urban Development).
Was contract 86615619C00007 competed?
The extent of competition for 86615619C00007 was not competed. The government received 1 offer.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award