Answers to Questions to Solicitation.pdf

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Attached to
ABS/MBS Loan Level Dataset
Solicitation number
FHF-23-Q-0093
Issued by

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This document contains answers to questions regarding Federal Housing Finance Agency Solicitation Number FHF-23-Q-0093 for an ABS/MBS Loan Level Dataset. The contractor is required to provide a dataset covering at least 98% of the non-agency mortgage-backed securities market, including 144A transactions, with specified static and monthly loan performance data fields. The data must go back to 1992 and be used by FHFA for purposes including constructing loan performance statistics, developing econometric models, and publishing reports. All collateral types in the ABS and MBS spaces are of interest, particularly transactions including HELOCs, home equity loans, and second liens. The current contract value is $132,000 per year, and data files will be delivered via SFTP as specified in the statement of work. VPAT and Section 508 accessibility standards do not apply to this procurement.

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Request for Quotation FHF-23-Q-0093 Questions and Answers

1. How important is historical data if already available? What vintage start year or range is/are most important/relevant? Please clarify the 98% coverage requirement (e.g is this 98% of all non-agency RMBS, is it inclusive of 144As, for which years/vintages)?

Answer: As stated in the SOW, the contractor is required to provide a dataset that covers at least 98% of non-agency market, inclusive of 144As, with the fields of static and monthly performance information specified below. All the loans in the dataset are collateral in non-agency, publicly placed mortgage-backed securities. Historical data will have to go back to 1992.

2. What other use cases beyond refinance incentive/opportunities are needed?

Answer: As stated in the SOW, the licensing agreement under which the contractor supplies the data shall permit FHFA staff and contractors to use the data to:

• Construct and publicly release summary statistics (delinquency, default, prepayment, loan modification, etc.) for vintages, different geographic areas and market segments.

• Develop econometric models to forecast cash flows of ABS/MBS loans.

• Publish reports, working papers, and journal articles using results from the data.

3. What collateral types are of interest/use in the ABS, MBS space (e.g. RPL/NPL, jumbo, non-QM)?

Answer: FHFA is interested in all collateral types in the ABS and MBS space. In particular, FHFA is interested in identifying transactions with HELOCs, Home Equity loans, and second-liens mortgages.

4. Is FHFA receiving all the 144A transactions? Are there any gaps/needs in this sector?

Answer: Yes, FHFA is receiving all 144A transactions and there is no gap.

5. What is the current contract amount?

Answer: The current contract is $132,000 per annum.

6. The data files will be delivered via SFTP site as required in Attachment A – Statement of Work.

Based on the foregoing, our understanding is that VPAT and Section 508/WCAG accessibility standards are not applicable. Please confirm whether this is a correct/appropriate interpretation.

Answer: Yes, the VPAT and Section 508/WCAG accessibility standards are not applicable.

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