Name | Type | Posted | Actions |
|---|---|---|---|
DRAFT_PWS Default Strategy_Recompete.pdf | Mar 20, 2026 |
Default Strategy
Contact and place of performance
Kimberly M. Campbell
Washington, DC 20410
USA
The U.S. Department of Housing and Urban Development (HUD), Office of Chief Procurement Officer (OCPO), on behalf of the Government National Mortgage Association (Ginnie Mae), Office of Issuer Portfolio Management (OIPM), is issuing this sources sought synopsis as a means of conducting market research to identify parties having an interest in and the resources to support this requirement for Issuer Default Management...
View moreThe government will evaluate market information to ascertain potential market capacity to 1) provide services consistent in scope and scale with those described in this notice and otherwise anticipated; 2) secure and apply the full range of corporate financial, human capital, and technical resources required to successfully perform similar requirements; 3) implement a successful project management plan that includes: compliance with program schedules; cost containment; meeting and tracking performance; hiring and retention of personnel and risk mitigation; and 4) provide services under a performance based service acquisition contract.
Based on the responses to this sources sought notice/market research, this requirement may be set-aside for small businesses or procured through full and open competition. Telephone inquiries will not be accepted or acknowledged, and no feedback or evaluations will be provided to companies regarding their submissions.
Submission Instructions: Interested parties who consider themselves qualified to perform the above-listed services and tasks within the attached draft performance work statement (PWS) are invited to submit a response to this Sources Sought Notice by no later than 2:00pm EST, on Monday, March 30, 2026. All responses under this Sources Sought Notice must be emailed to James Glenn at [email protected] and Kimberly Campbell at [email protected]. Additional information on the required services is listed below.
If you have any questions concerning this opportunity, please contact James Glenn at [email protected] and Kimberly Campbell at [email protected].
Background:
The Department of Housing and Urban Development (HUD), Government National Mortgage Association (Ginne Mae), Office of Issuer Portfolio Management (OIPM) embarked on an Issuer Default Management transformation in 2016, with the intention of developing, documenting, and implementing a more advanced, comprehensive end-to-end Issuer Default Management process. The Issuer Default Management process spans from the point where an Issuer enters Enhanced Monitoring through Pre-Extinguishment, Extinguishment, and Post-Extinguishment. This body of work created the Issuer Default Playbook, a management process that walks through special Issuer designation, and the Pre-Extinguishment, Extinguishment, and Post-Extinguishment phases of an Issuer default and extinguishment from the Ginnie Mae program
The current requirement is being performed under BPA order 47QFDA18A0002M / 47QFDA23F0007, awarded competitively to Deloitte and Touche, LLP under the GSA MAS by GSA as the procuring activity. The current BPA order is a Hybrid, Firm-Fixed Price (FFP) and Labor Hours (LH) type.
General Description of Work:
The Department of Housing and Urban Development (HUD), Government National Mortgage Association (Ginne Mae), Office of Issuer Portfolio Management (OIPM) is looking to obtain a contractor to provide Issuer Default Management services in support of Ginnie Mae’s Issuer Default risk management activities. By obtaining these services, Ginnie Mae will be able to protect and support Ginnie Mae’s faith and credit guaranty and bring capital into the American housing mortgage system with minimal risk to the American taxpayers.
Below are the critical characteristics of the requirements:
The tasks require a set of skill categories based on the following approximate breakdown:
Contemplated performance metrics:
Please see Draft Performance Work Statement (PWS).
Contemplated report requirements:
Please see Draft PWS, Section 6 – Deliverables, for deliverables.
Contemplated dollar value of the project:
It is anticipated that the dollar value will be $14M for a one (1) 12-month base period and four (4) 12-month option periods.
Contemplated place of performance:
The services shall be performed at the Contractor’s facility.
The Department of Housing and Urban Development, Office of Chief Procurement Officer, on behalf of the Government National Mortgage Association (Ginnie Mae), Office of Issuer Portfolio Management, is conducting market research to identify qualified sources for Issuer Default Management support services. This requirement involves managing the end-to-end Issuer Default Management process, spanning from enhanced monitoring through pre-extinguishment, extinguishment, and post-extinguishment phases. The contractor will be responsible for developing project management plans, providing Default Playbook audit readiness support, modernizing asset management and disposition strategies, and implementing a Subservicer Default Guidance Framework. These services support Ginnie Mae’s risk management activities to protect its faith and credit guaranty.
The anticipated procurement is classified under NAICS 541990: All Other Professional, Scientific, and Technical Services and PSC R408: Support- Professional: Program Management/Support. There is currently no set-aside designated for this effort, which is identified by solicitation number RCST202600020. The project has a contemplated value of $14 million over a performance period consisting of one 12-month base period and four 12-month option periods. Work is expected to be performed at the contractor’s facility, with Washington, DC, noted as the primary place of performance location.
Interested parties must submit capability statements by 2:00 PM EST on March 30, 2026. Submissions should address the organization's technical capacity, staff expertise in asset and risk management, mortgage-backed securities, and regulatory compliance, as well as the ability to provide services under a performance-based contract. The government will use the information gathered from this notice and the single attachment, DRAFT_PWS Default Strategy_Recompete.pdf, to determine the final procurement method and potential set-aside status. This requirement is a follow-on to work currently performed under a hybrid Firm-Fixed Price and Labor Hours BPA order.
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