Attachment 1 - Requirements List.pdf
PDF 111 KB Posted
- Attached to
- Mortgage Origination & Post Origination Performance Data Federal contract opportunity
- Solicitation number
- 50310220Q0086
- Issued by
- Securities and Exchange Commission
About this file
This request for quote solicits access to a commercial off-the-shelf data subscription for mortgage origination and post-origination performance data. The Securities and Exchange Commission requires loan-level data for U.S.-originated mortgages and home equity loans since 2000, including origination details for at least 140 million loans and post-origination performance for 75% of outstanding loans. Responses are due by August 3, 2020. The firm-fixed price contract would have a one-year base period and four option years. The technical evaluation will assess the vendor's ability to meet requirements, while price will also be considered in the best value determination.
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Other files for this federal contract opportunity
| File | Type | Posted |
|---|---|---|
| 50310220Q0086 AMD 00001_CombinedSynopsisSolicitation.pdf | ||
| 50310218Q0086 AMD 00001 Questions Answers.pdf | ||
| 50310220Q0086_CombinedSynopsisSolicitation.pdf | ||
| Attachment 2_Pricing.xlsx | XLSX spreadsheet | |
| Attachment 3 - FAR 52.209-7.docx | DOCX document |
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Attachment 1 – Requirements List
Background
The U.S. Securities and Exchange Commission (SEC) requires mortgage origination data and mortgage post-origination performance data for mortgages and home equity loans originated in the U.S. since 2000.
SEC economists will use this data in their economic analysis in support of Dodd-Frank mandated and discretionary regulation related to RMBS, in enforcement support activities, academic publications, and in research of market trends and developments. In particular, the SEC will use the data to support the Credit Risk Retention final rule, which requires regular review of the Qualified Residential Mortgage (QRM) criteria. A dataset that includes all or most of the U.S.-originated mortgages all home equity loans is required in order to conduct a proper review.
Data Requirements
The following data characteristics are required: Historical loan-level data for U.S.-originated mortgages from 2000 forward covering at least 95% of all historical and current mortgages. Coverage shall include at least 140 million loans, of which at least 40 million should be active. It shall include home equity loans from 2000 forward covering at least 95% of home equity loans and at least 7 million home equity loans.
• Origination information shall include the following: Mortgage loan characteristics should include originator firm, origination date, loan purpose, original loan amount, loan type, interest rate (for a FRM), rate schedule (for an ARM), prepayment penalty, term of the loan, documentation status, lien position, occupancy status, LTV, CL TV, origination credit score, DTI ( reported to mortgage originator, not an estimate), PMI.
• Property information shall include, at a minimum; property ID over time (track properties over time), property census tract, zip code, number of units in the property, property, type, property value, etc.
• Post-origination performance data shall include the following for at least 75% of all outstanding residential mortgages at monthly frequency: servicer name, outstanding balance, information on delinquency status, prepayments, foreclosures, payoffs, and modifications.
It is desirable that post-origination performance data also include dynamically merged credit file information.
Technical Requirements for Data Delivery
• Data delivery in flat files through FTP/SFTP for use by multiple users across the organization.
• Ability to download the full data sets into a SAS, Stata, or R database.
• Monthly updates on newly originated mortgages and performance of outstanding mortgages in the same format.
File details come from the government source that posted it. Updated .