Amend_0001.pdf

DEPARTMENT OF THE TREASURY

BUREAU OF THE PUBLIC DEBT

PARKERSBURG, WV 26106-5312

28 March 2013

Subject: Amended Request for Proposal (RFP) TBPDOFR13CI0013, Loan-Level Mortgage Data for the Office of Financial Research (OFR) and the Financial Stability Oversight Council

(FSOC)

The Bureau of the Public Debt (BPD) on behalf of the OFR and the FSOC is hereby issuing an amendment in regards to the subject requirement.

Please review the enclosures and provide your proposal via email to psb3@bpd.treas.gov (Attn:

CGropp) by not later than 1000 (10:00am ET) 9 April 2013. Any questions regarding this amended RFP shall be submitted in writing to psb3@bpd.treas.gov and must state "RFP TBPDOFR13CI0013 – Questions, Attn. CGropp" in the subject line. Any questions and/or comments received are not considered proprietary and will not be protected by the Government.

Please adhere to the amended RFP ADDENDUM TO 52.212-1, INSTRUCTIONS TO OFFERS

– COMMERCIAL ITEMS.

Prospective offerors are cautioned against discussing the preparation of their offer or asking questions to anyone other than the Bureau of the Public Debt Procurement Division. Discussions with anyone other than the Bureau of the Public Debt Procurement Division concerning the specifications, the documents incorporated by reference, pricing, or any technical matters are strictly forbidden. Verification of any such improper conduct may result in immediate rejection of the offeror’s proposal. Accordingly, all communications prior to award shall be directed to Ms. Carey Gropp, Contract Specialist via email at psb3@bpd.treas.gov (Attn: CGropp) or by phone at 304-480-8559.

Enclosures mailto:psb3@bpd.treas.gov

RESPONSES TO VENDOR SUBMITTED QUESTIONS

1. Concerning the Data Requirements presented on page 14 and 15, with respect to the borrowers, please clarify the required dataset elements. Available data includes public records, credit records (all trade lines) collection information and credit inquiries.

Please see the Amended Solicitation, specifically Attachment B.

2. Instructions To Offerors -- Commercial Items Technical Factor 2: Data Quality states, “The Contractor shall provide a detailed narrative description specific to indicators of data quality, including: source(s) of data; current processes for ensuring data integrity and complying with industry standards for data cleanliness and completeness of data attributes; and list of other federal government and/or research institutions currently using the data.”

With respect to the source(s) of the data, is the offeror required to provide the name(s) of firms that may represent (subcontractors) that would provide data under this contract to a prime contractor?

In order to evaluate Technical Factor 2, as amended, in regards to source(s) of data, OFR should be provided with names/affiliations of firms in which the vendor anticipates as source(s) of the data being proposed.

3. Evaluation -- Commercial Items Price states, “(b) Options. The Government will evaluate offers for award purposes by adding the total price for all options to the total price for the basic requirement. The Government may determine that an offer is unacceptable if the option prices are significantly unbalanced. Evaluation of options shall not obligate the Government to exercise the option(s).”

Can the government clarify how the price evaluation will be performed? Is government stating that the price evaluation will be for the maximum order (25 users for a five year period)?

A price analysis will be performed in accordance with FAR 12.209 and FAR 15.404-1(b). The prices proposed via Attachment C will be evaluated.

4. Evaluation -- Commercial Items Price - Can government clarify the test for unbalanced pricing? For example, how will Government assess price imbalance on minimum orders versus maximum orders? Does government expect the price per user to decline as more users are added?

The price analysis to be performed in accordance with FAR 12.209 and FAR 15.404-1(b) will identify unbalanced pricing. The prices proposed via Attachment C will be evaluated. It is at the Offeror’s discretion whether to propose prices per user that will decline as more users are added.

5. RFP Format -- In which volume should the VPAT for 1194.21 and 1194.22 be placed?

Volume I – Technical & Past Performance. Please see the Amended Solicitation, specifically the Addendum to 52.212-1.

6. RFP Format -- 52-212-3 (b) 1 and 2 – This section references ORCA which has been replaced by SAM.

Can the verbiage here be changed to reflect the “SAM” database or is there other language that should be used? In which volume should this acknowledgement be placed?

This clause is in accordance with the FAR and may not be changed until an applicable amendment to the FAR is effective. Please see the Amended Solicitation, specifically the Addendum to 52.212-1.

7. Web Portal Functionality -- Are any additional specifications available regarding the web portal functionality?

Please see the Amended Solicitation.

8. Web Portal Functionality -- Does the OFR intend to download the full loan level dataset monthly as well access the data via the portal?

Please see the Amended Solicitation.

9. Web Portal Functionality -- Does “download capability” via the web portal refer to the loan level data or the custom/standardized reports? (i.e. – does the web portal require the ability to extract loan level detail from a query?)

Please see the Amended Solicitation.

10. Data Requirements -- Does the response need to meet all stated data requirements or is the OFR willing to accept the “best available” solution?

Please see the Amended Solicitation.

11. Data Requirements -- OFR has stated that it requires information on loan-level mortgage data. There are additional data elements available with respect to the associated borrowers to the mortgage; Available data includes information in credit records, including all trade lines, collection accounts, public records, and inquiries.

This data will show the full picture of the borrower and potential impact to the mortgage being tracked. Can OFR provide a complete list of required data elements as it relates to the associated borrowers?

Please see the Amended Solicitation, specifically Attachment B.

12. Data Use -- We don’t believe any commercially available dataset will meet the OFR’s requirements and permit the “Use of Information” required by the RFP. Is the OFR willing to negotiate on information use if the other requirements are met?

Per the Solicitation, Addendum to 52.212-1, please include with your proposal an acknowledgement that you agree to the terms of the “Use of Information” provision. If not, the reasons why you do not agree. The Government will review and take the concerns under advisement.

13. Data Use -- Is OFR planning to match the loan-level mortgage data being requested in this RFP to other datasets? If so, what datasets will OFR match to the loan-level mortgage dataset and what data elements will be used in the match?

The OFR is likely to match the loan-level mortgage data to house price index information using ZIP code information. The OFR is also likely to match these data to aggregate economic data (e.g., employment, GDP) by geography, as well. Any restrictions on matching should be explicitly defined in the proposal; OFR otherwise wishes to retain the right to match the information in any way it chooses, subject to applicable laws and executive orders.

14. Clarifications regarding Data Specifications (RFP, Page 14-15) -- Please clarify minimum descriptive detail criteria for the dataset. The data specification lists 30 individual data elements; however, Technical Factor 1 (RFP page 18) specifies that the dataset must include the following descriptive details: Origination Date, Original Term, Original Loan Amount, Property State, Property Zip, FICO/Credit Score – Original, Principal Balance, ARM Information, LTV Ratio at Origin, Origination Fees, Mortgage Insurance, Loan History.

Please see the Amended Solicitation.

15. Clarifications regarding Data Specifications (RFP, Page 14-15) -- Please clarify the difference between providing FICO/Credit Score at Closing and at Origination. Is this to be interpreted as a score available prior to closing the loan and an updated score from the first month following the loan closing?

Credit score at origination.

16. Clarifications regarding Data Specifications (RFP, Page 14-15) -- Please clarify the nature of information regarding “Mortgage Insurance Details” being requested.

Whether there is mortgage insurance, the identity of the mortgage insurer, and any additional information you can provide.

17. Clarifications regarding Web Portal (RFP, Page 15) -- Please confirm whether the web portal requirements for downloading refer to downloading reports, or downloading loan level detail.

Per the Amended Solicitation, Section 3.1 of the Specifications, the Web Portal option shall “have view and download capabilities”. To further clarify, this refers to the ability to do both downloading reports and downloading loan level detail.

18. Clarifications regarding Instructions to Offerors (RFP, Page 18-19) -- Please clarify whether there are any page limitations on either Volume I (Technical and Past Performance) or Volume II (Pricing).

Volume I has a 20 page limitation, excluding the PPIFs, License Agreement and VPAT. There is no page limitation for Volume II (Pricing). Please see the Amended Solicitation for specific page limitations, specifically the Addendum to 52.212-1.

19. In general, will we be aggregating data provided to member agencies or sourcing it as well?

You will source the data you provide.

20. Fannie Mae and Freddie Mac have only recently released loan level data, will the FHFA be providing historical data?

No.

21. Specifically, for Loans Held, will we be aggregating data provided to member agencies? If not, sourcing this data could be problematic.

No. Please see the response to question 19.

22. Historical loan-level data for private-label MBS is controlled primarily by CoreLogic and Bloomberg. Is the Vendor responsible for the acquisition cost and acquiring redistribution rights?

Yes. However, the Offeror may choose to submit a proposal that does not contain this data in which its proposal will be evaluated in accordance with the Addendum to 52.212-2.

23. Ginnie Mae (FHA/VA) will not release loan level data until Q4 2013, should we anticipate providing this data set after 2013?

Ginnie Mae data is not required. However, the Offeror may choose to submit a proposal stating whether it has this data in which its proposal will be evaluated in accordance with the Addendum to 52.212-2.

24. Is this a stand-alone requirement that has not been previously announced?

Yes, this is a stand-alone requirement that has not been previously announced.

25. Does an incumbent exist? If so, could you please provide the vendor and the contract number?

No, an incumbent does not exist.

26. Based on previously procured data sets, has a value range been established for the requirement and if so, could you provide it?

The Government has completed an Independent Government Cost Estimate; however, this will not be released.

27. Has an estimated award date been established, if so can you please provide it?

An estimated award date has not yet been established.