Default Strategy
Overview
Buyer
Place of Performance
NAICS
PSC
Set Aside
Original Source
Timeline
Qualification Details
Fit reasons
- NAICS alignment with historical contract wins in similar service areas.
- Scope strongly matches core technical capabilities and delivery model.
Risks
- Past performance thresholds may require one additional teaming partner.
- Potential clarification needed on staffing minimums before bid/no-bid.
Next steps
Validate eligibility requirements, assign capture owner, and schedule partner outreach to confirm teaming strategy before submission planning.
Quick Summary
The U.S. Department of Housing and Urban Development (HUD), on behalf of the Government National Mortgage Association (Ginnie Mae), is conducting market research through this Sources Sought notice. The objective is to identify qualified organizations capable of providing Issuer Default Management support services to protect Ginnie Mae's mortgage-backed securities (MBS) guaranty. This effort aims to advance and refine Ginnie Mae's end-to-end Issuer Default Management process. Responses are due by March 30, 2026, at 2:00 PM EST.
Scope of Work
The required services encompass comprehensive Issuer Default Management, including program management, project planning, and process documentation. Key tasks involve:
- Developing and maintaining a Project Management Plan (PMP).
- Providing Default Playbook Audit Readiness support, including proposing, documenting, and updating the Issuer Default Playbook.
- Improving and modernizing Asset Management and Disposition strategies.
- Developing and implementing a Subservicer Default Guidance Framework.
- Offering specialized advisory support for emerging challenges.
Required skill categories include Asset and Risk Management, Issuer Default Management, Mortgage-Backed Securities Expertise, and Regulatory Compliance.
Contract & Timeline
- Type: Sources Sought / Market Research (no solicitation at this time).
- Anticipated Value: Approximately $14 million for a one (1) 12-month base period and four (4) 12-month option periods.
- Place of Performance: Primarily at the Contractor's facility, with limited performance at Ginnie Mae's physical office potentially requested.
- NAICS Code: 541990 - All Other Professional, Scientific and Technical.
- Response Due: March 30, 2026, 2:00 PM EST.
- Published: March 19, 2026.
Evaluation
Responses will be used for market research to ascertain potential market capacity, assess corporate resources, and evaluate project management capabilities. This information will help determine the method of procurement, which may be set-aside for small businesses or conducted through full and open competition.
Additional Notes
This request for capability information is purely voluntary, and the government assumes no financial responsibility for costs incurred. No feedback or evaluations will be provided to companies regarding their submissions. Interested parties should submit tailored capability statements addressing the requirements, including organizational details and documentation supporting claims. Subcontracting or teaming arrangements should also be addressed. All responses must be emailed to James Glenn (James.J.Glenn@hud.gov) and Kimberly Campbell (Kimberly.M.Campbell@hud.gov).