FHF-23-Q-0062 Questions and Answers.pdf

Attachment D:

Questions and Answers for Solicitation Number: RFQ# FHF-23-Q-0062

Controlled by FHFA

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QUESTION Answers

Attachment A (Scope of Work)

Section 3, Page 3 Who are the intended audiences for the whitepaper contemplated in the scope of work (e.g., internal stakeholders within the FHFA, the Enterprises, other inter-agency groups, or the public)?

The intended audience is internal to FHFA. The Contractor’s deliverables will serve as foundational material for FHFA personnel to develop a single-family white paper to support FHFA personnel building out the supervisory capital stress testing program for the Agency

Attachment A (Scope of Work)

Section 3, Page 3 We notice that the focus of the scope of work is primarily on single-family exposures. How does the agency plan to consider other exposures, notably including multi-family?

The focus is on single-family exposures. However, see the updated SOW and the changes made to other advisory services.

Attachment A (Scope of Work)

Section 3, Page 3 The Scope of Work notes evaluating the single-family credit and market risks. Does the FHFA wish for the whitepaper to also consider operational risks in the single-family portfolio?

The focus of the white paper is on credit and market risks associated with single-family exposures.

However, see the updated SOW and the changes made to other advisory services.

RFQ Page 1 We note the period of performance is 1 year followed by two potential optional 6 months periods. Do you have any specific vision for what would be included in these additional periods (e.g., transitioning to overseeing development and implementation of the whitepaper elements, etc.?)

To ensure a competitive contracting process and focused performance period, FHFA decided to focus only on the white paper and associated decisions surrounding supervisory stress testing methodology/model, not the actual construction of the supervisory stress test which, at this time, will be carried out by FHFA personnel.

RFQ N/A What team / resources is the FHFA planning to dedicate to this effort?

At a minimum, employees from the Office of Capital Policy and its Supervisory Stress Testing Branch will be available for the duration of the contract.

RFQ N/A Does the FHFA have an internal goal or estimate of when the Supervisory Capital Stress Testing framework needs to be operational?

FHFA prefers to have its supervisory stress test operational as soon as practicable.

Attachment D:

Questions and Answers for Solicitation Number: RFQ# FHF-23-Q-0062

Controlled by FHFA

RFQ N/A What will be the involvement of the GSEs (Fannie Mae and Freddie Mac) in the development of the whitepaper?

None.

RFQ – FHF-23-Q-0062 Solicitation If there are two firms presenting joint capabilities, is it necessary at this stage to identify prime and sub-contractor?

Yes. All quotations must include a cover page with subcontractor name information.

RFQ – FHF-23-Q-0062 Statement of Work To what extent is the firm that writes the white paper precluded from being part of the implementation of the model or suite of models?

The successful firm(s) selected for this contract will not be precluded from subsequent solicitations.

RFQ – FHF-23-Q-0062 Statement of Work, Section 2.0

“Numerical examples” can range from illustrative simplified mock-up sample calculations to simplified models in code that can be reviewed by FHFA.

Knowing that the approach depends on the situation, what does FHFA anticipate to be the level of effort on worked numerical examples?

The level of effort for numerical examples should be commensurate with the complexity of the modeling component under consideration.

Attachment A 4.0 Services Will the consultants have access to Enterprise’s single-family data and reporting related to the Capital Framework and DFAST?

The Enterprises’ single-family mortgage data and Enterprise Regulatory Capital Framework are already provided in public use files and through the electronic Code of Federal Regulations, respectively. FHFA does not intend to utilize contractor assistance for reviewing the Enterprises DFAST submissions.

s12 Attachment A 4.0 Services Will the government consider adding an Other Direct

Cost CLIN to cover potential costs associated with engaging with and analyzing and reviewing other federal regulators and vendor systems for scenarios?

No.

Attachment A 4.0 Services Will the government consider adding an Other Direct

Cost CLIN to cover potential costs associated with engaging with and analyzing and reviewing accounting vendor systems?

No.

Attachment A 4.0 Services Will the government consider adding an Other Direct

Cost CLIN to cover potential costs associated with engaging with and analyzing and reviewing risk-based capital engine vendor systems?

No.