Draft_SOW_3.1.2018.docx

Statement of Work Commercial/Multifamily Data and Database

Office of Risk Management Operations - ORMRA/Housing/FHA Office of Finance and Budget Office of Housing

U.S. Department of Housing and Urban Development

March 1, 2018

TABLE OF CONTENTS

I. INTRODUCTION

II. BACKGROUND

III. DATABASE SUBSCRIPTION AND ACCESS

IV. APPLICABLE DOCUMENTS SECTION

V. PERFORMANCE REQUIREMENTS

STATEMENT OF WORK fOR COMMERCIALLY AVAILABE MORTGAGE DATA AND DATABASE ACCESS

I. INTRODUCTION

Within the Office of Housing in the Department of Housing and Urban Development (HUD), Office of Risk Management and Regulatory Affairs (ORMRA) is responsible for the risk assessment services to inform risk management, budget and related policy decisions with respect to the Mutual Mortgage Insurance Fund (MMIF).

Specifically, this procurement is for an expert analytical annual subscription of commercially available mortgage databases accessible on the Internet for all data that are currently accessible in Subscription based access to an Excel database of key data series and Excel database finance data series. Includes the most recent and historical aggregate series from MBA's Annual Origination Summation, Annual Report on Multifamily Lending, Quarterly Mortgage Bankers Origination Index, Commercial/Multifamily Mortgage Debt Outstanding and Loan Maturity Volumes reports. Data is updated as new series are released

II. BACKGROUND

The Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Office of Risk Management and Regulatory Affairs (ORMRA) Apart from its involvement in single family and multifamily risk assessment and risk scoring, the Office of Risk Management and Regulatory Affairs, located in the Office of Finance and Budget in the Office of Housing.

ORMRA: is responsible for the risk assessment of FWD-insured and-assisted single family and multifamily properties. Economic, financial and mortgage data are needed to support this function. A comprehensive data service is needed to accomplish HUD's Strategic Plan of FHA loan performance analysis and loan scoring responsibilities, and the new Single-Family Insurance Reform Initiatives

With the advent of credit reform, the Office of Evaluation has become responsible for developing, maintaining, and updating cash flow models used to estimate credit subsidy rates for FHA’s budget and liability for loan guarantee for FHA’s annual financial statement. These cash flow models use historical data for loans grouped into risk categories to calculate the net present value of cash flows over the life of a book of business. Cash flows are estimated for premiums, claims, and recoveries. A credit subsidy rate for each risk category is calculated by dividing the net present value of cash flows by projected endorsements. If the credit subsidy rate is positive, FHA needs appropriations of credit subsidy (as well as commitment authority) before it can endorse new loans.

The data procured through this request will allow 1) superior single-family risk assessments and 2) more program and related data available to program managers to help improve program performance, hold down costs, and increase the effectiveness with which HUD can maintain and increase the supply of affordable housing.

III. APPLICABLE DOCUMENTS SECTION

The contractor will provide access to commercial/multifamily servicing data and the databases through a website accessible through the Internet.

IV. PERFORMANCE REQUIREMENTS

This procurement is a subscription for a commercial/family database – not work or services from a contractor.

PART A – PROVIDE COMMERICAL/MULTIFAMLY DATABASE AND SUPPORT

Company Overview: Database access and subscription analytics in a context of:

Regular updates of Excel database of Contractor’s Credit Risk Evaluation finance data series

• Special delivery of the Contractor’s regular and special commercial/multifamily research reports

• Subscriber-only webinar on Credit Risk Evaluation finance market conditions and outlook

PART B – DATABASE SUBSCRIPTIONS

Subscription to the following databases is required:

1. Annual Origination Summation,

2. Annual Report on Multifamily Lending,

3. Quarterly Volumes reports

PART C – SOFTWARE

Licensing use is for the HUD Headquarters location.

PART D – PASSWORDS AND SITE LOCATIONS

Five (5) Passwords for users at HUD HQ is to be included.

V. SCHEDULE OF DELIVERABLES

Deliverables

The contractor will update all data unless otherwise noted on a monthly basis. This data will be available to all Users electronically at all times.

On a quarterly basis, no later than 31 days (including non-business days) after the end of a quarter, the contractor will provide EXCEL files of downloaded data on rental vacancy and price data for all primary markets, submarkets and class distinctions.

Acceptance of Deliverables

All products shall be delivered under the cover transmittal to the Contracting Officer Representative. All work products, analyses, computer models, documentation, work flows, data models, interface modules, design documents and risk analysis results developed by the Contractor shall be the property of the Government and are to be provided to HUD no later than at the conclusion of this effort.

Period of Performance

A base period of 12 months plus four 1-year option periods

Place of Performance

This is a subscription: to an Internet database.

Schedule of Deliverables

The Contractor shall be responsible for, and its performance shall in part be measured by, the timeliness and quality of the deliverables listed below. The deliverable dates listed below may vary as deadlines pertaining to the financial statement audit are finalized. The Contracting Officer must approve revisions to this schedule.

Schedule of Deliverables

PART A – DATABASE

Award Commencement 07/1/2018

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