Single family master subservicer services in support of ginnie MAE's mortgage-backed securities (MBS) programs.

Active Definitive Contract Awarded Last action

Contract number
86615623C00016
Awardee
Awarding agency
Obligated
$1,084,807,598

Award facts

Contract value 96% obligated
$1,130,982,654.52 Current and potential, with all options
Completion date 91% complete
Current and potential, with all options
Contracting staff
Funding agency
Government National Mortgage Association Department of Housing and Urban Development
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
Exercise an Option P00020 $91,023,131
Supplemental Agreement for work within scope P00019 $11,800,000
Funding Only Action P00017 $144,765,926
Funding Only Action P00016 $700,000
Funding Only Action P00015 -$700,000
Exercise an Option P00014 $79,698,044
Funding Only Action P00013 $700,000
Funding Only Action P00012 -$700,000
Funding Only Action P00010 -$1,000,000
Funding Only Action P00011 $1,000,000
Other Administrative Action P00009 $0
Funding Only Action P00008 · Single family master subservicer (SF MSS) services $400,000
Other Administrative Action P00007 · The purpose of this modification is to insert far clause 52.203-17 contractor employee whistleblower rights $0
Other Administrative Action P00006 -$144,300,000
Exercise an Option P00005 $484,650,889
Funding Only Action P00004 $3,460,700
Other Administrative Action P00003 -$3,460,700
Other Administrative Action P00002 $0
Funding Only Action P00001 · Single family master subservicer (SF MSS) services $390,652,561
Original award $26,117,046
Show all 20

About this award

Written by GovTribe AI ·

The Government National Mortgage Association awarded a $1.13 billion definitive contract to Carrington Mortgage Services LLC for single family master subservicer services in support of Ginnie Mae's mortgage-backed securities programs on August 10, 2023.

The contract operates on a time and materials pricing model with a ceiling value of $1.13 billion and an ultimate completion date of February 9, 2027. Place of performance is Anaheim, California. No set-aside was used.

Quick answers

Who was awarded contract 86615623C00016?

86615623C00016 was awarded to Carrington Mortgage Services LLC by Federal Housing Administration Support (Department of Housing and Urban Development) on August 10, 2023.

How much is contract 86615623C00016 worth?

The government has obligated $1,084,807,598 on 86615623C00016. Its current value, with exercised options, is $1,130,982,655.

Which agency awarded contract 86615623C00016?

Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615623C00016, with funding from Government National Mortgage Association (Department of Housing and Urban Development).

Was contract 86615623C00016 competed?

The extent of competition for 86615623C00016 was not competed. The government received 1 offer.

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