Gnma mortgage backed securities (MBS) legal support services - libor
Ended Awarded Last action
- Contract number
- 86615620F00008
- Awardee
-
Venable LLP UEI EC44BLNJVM99
- Awarding agency
-
Federal Housing Administration Support
Department of Housing and Urban Development
- Obligated
- $181,406
Award facts
- Opportunity
-
- Mortgage Backed Securities (MBS) Legal Services Ceiling Increase Justification Limited / Sole Source Justification · Posted Aug 17, 2021
- Contract value 100% obligated
- $181,405.50 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
- Firm Fixed Price
- 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 | -$364,445 | |
| Original award | $545,850 |
About this award
This federal contract award was issued by the Department of Housing and Urban Development's Government National Mortgage Association (HUD GNMA) to Venable LLP, a law firm, for $181,405.50 in Mortgage-Backed Securities (MBS) legal support services. The contract is for GNMA MBS legal support, including assistance with the transition from the London Interbank Offered Rate (LIBOR), drafting acknowledgement agreements, advising on issuer liquidity matters, and supporting legislative and regulatory changes. Venable LLP has been awarded over $4 million in similar contracts from HUD GNMA since 2019 to provide these legal services, with no set-aside designations and no subcontractors. The contract is a firm fixed-price delivery order with a completion date of October 30, 2021.
Quick answers
Who was awarded contract 86615620F00008?
86615620F00008 was awarded to Venable LLP by Federal Housing Administration Support (Department of Housing and Urban Development) on July 22, 2020.
How much is contract 86615620F00008 worth?
The government has obligated $181,406 on 86615620F00008.
Which agency awarded contract 86615620F00008?
Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615620F00008, with funding from Government National Mortgage Association (Department of Housing and Urban Development).
Is contract 86615620F00008 an order under another contract?
Yes. 86615620F00008 is a delivery order under 86543E18D00002, an indefinite delivery contract.
Was contract 86615620F00008 competed?
The extent of competition for 86615620F00008 was full and open competition.
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