MBS legal services for acknowledgement agreements IV
Ended Awarded Last action
- Contract number
- 86615620F00007
- Awardee
-
Venable LLP UEI EC44BLNJVM99
- Awarding agency
-
Federal Housing Administration Support
Department of Housing and Urban Development
- Obligated
- $426,013
Award facts
- Opportunity
-
- Mortgage Backed Securities (MBS) Legal Services Ceiling Increase Justification Limited / Sole Source Justification · Posted Aug 17, 2021
- Contract value 100% obligated
- $426,012.50 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
- 541110 Offices of Lawyers
- PSC
- R418 Support- Professional: Legal
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Labor Hours
- Place of performance
- Baltimore, MD 21202, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$259,050 | |
| Original award | $685,063 |
About this award
The Department of Housing and Urban Development's Government National Mortgage Association (HUD GNMA) awarded a Delivery Order contract to Venable LLP, a law firm, for $426,012.50 in legal services to support the GNMA Mortgage-Backed Securities (MBS) Program. The contract is for MBS Legal Services for Acknowledgement Agreements IV and is not set aside. Venable has provided legal services to HUD GNMA on this program since 2019, with contracts totaling over $4 million. The services include assisting with the transition from the London Interbank Offered Rate, drafting acknowledgement agreements, advising on issuer liquidity matters, and supporting legislative and regulatory changes. The contract is a time and materials, labor hours agreement with a completion date of July 16, 2021.
Quick answers
Who was awarded contract 86615620F00007?
86615620F00007 was awarded to Venable LLP by Federal Housing Administration Support (Department of Housing and Urban Development) on May 15, 2020.
How much is contract 86615620F00007 worth?
The government has obligated $426,013 on 86615620F00007.
Which agency awarded contract 86615620F00007?
Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615620F00007, with funding from Government National Mortgage Association (Department of Housing and Urban Development).
Is contract 86615620F00007 an order under another contract?
Yes. 86615620F00007 is a delivery order under 86543E18D00002, an indefinite delivery contract.
Was contract 86615620F00007 competed?
The extent of competition for 86615620F00007 was full and open competition.
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