Gnma mortgage backed securities (MBS) program legal support services
Ended Awarded Last action
- Contract number
- 86615622F00006
- Awardee
-
Venable LLP UEI EC44BLNJVM99
- Awarding agency
-
Federal Housing Administration Support
Department of Housing and Urban Development
- Obligated
- $223,535
Award facts
- Contract value 100% obligated
- $223,534.50 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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 | -$346 | |
| Original award | $223,880 |
About this award
This federal contract award provides $223,534.50 in legal support services to the Government National Mortgage Association (GNMA), which is part of the U.S. Department of Housing and Urban Development (HUD). The prime contractor is Venable LLP, a prominent law firm that has held multiple contracts to support GNMA's Mortgage-Backed Securities (MBS) program over the past decade, valued at over $4 million cumulatively. The services under this latest delivery order contract include assistance with the transition from the London Interbank Offered Rate, drafting acknowledgement agreements, advising on issuer liquidity matters, and supporting legislative and regulatory changes impacting the MBS program. This work is critical to GNMA's management of over $2 trillion in mortgage assets and efforts to strengthen access to affordable housing. The contract has an ultimate completion date of November 30, 2022 and does not utilize any set-aside designations.
Quick answers
Who was awarded contract 86615622F00006?
86615622F00006 was awarded to Venable LLP by Federal Housing Administration Support (Department of Housing and Urban Development) on May 14, 2022.
How much is contract 86615622F00006 worth?
The government has obligated $223,535 on 86615622F00006.
Which agency awarded contract 86615622F00006?
Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615622F00006, with funding from Government National Mortgage Association (Department of Housing and Urban Development).
Is contract 86615622F00006 an order under another contract?
Yes. 86615622F00006 is a delivery order under 86543E18D00002, an indefinite delivery contract.
Was contract 86615622F00006 competed?
The extent of competition for 86615622F00006 was full and open competition.
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