Mortgage Prepayment Reports

Form / Attachment / Pricing Sheet

This document contains spreadsheet data related to 30-year prepayment lines and bar charts, specifically focusing on the fastest quartile based on a 3-month CPR (Constant Prepayment Rate). It provides historical data for Fannie Mae and Freddie Mac across various coupon rates (1.5% to 7.5%) and years (2019-2025).

• Coupon Rates: Data is segmented by coupon rates: 1.5%, 2%, 2.5%, 3%, 3.5%, 4%, 4.5%, 5%, 5.5%, 6%, 6.5%, and 7.5%.
• Time Series Data: For each coupon rate, data is presented monthly from January 2019 through December 2025 (with some gaps in earlier years).
• Fannie Mae vs. Freddie Mac: Performance metrics are provided separately for Fannie Mae and Freddie Mac.
• Summary Statistics: Annual and overall averages are included for each coupon rate and entity.

This data may be relevant for bidders to understand historical prepayment trends and performance metrics for mortgage-backed securities issued by Fannie Mae and Freddie Mac. This information could inform financial modeling, risk assessment, and strategic decision-making related to opportunities involving these types of securities.

Solicitation / RFP / RFQ

This is a combined synopsis/solicitation and Request for Quote (RFQ) for commercial items to procure Mortgage Prepayment Reports. The requirement is set-aside for small business concerns under NAICS code 541511, Custom Computer Programming Services.

• The core requirement is detailed in Attachment A, Statement of Work (SOW).

• Quoters must demonstrate their capability to perform the work outlined in the SOW, specifically addressing tasks in Sections 4.0 and 5.0.

• Quoters must describe their approach, methodology, data sources, and techniques for each task/requirement.

• A description of data sources, including data dictionary or equivalent documentation, is required.

• Information and Communication Technology (ICT) Accessibility Requirements (Section 508) must be addressed, including providing an Accessibility Conformance Report (ACR) for each ICT item using the Voluntary Product Accessibility Template (VPAT®).

• The contract will be a firm-fixed-price (FFP) purchase order.

• The award will be for a base period of one (1) year plus four (4) one-year option years.

• Quotes are due no later than Wednesday, June 10th, 2026, at 11:00 PM Eastern Time.

• Quotes must be submitted electronically to Jennifer.Sellers@fhfa.gov.

• The submission is divided into two volumes: Volume I (Technical Quotation) and Volume II (Price Quotation).

• Volume I includes Technical Capability and Approach (Item 1.0, limited to 20 pages excluding cover page, Item 2.0, and data dictionary) and ICT Accessibility Requirements (Item 2.0).

• Volume II includes Pricing Worksheets (Item 1.0) and License Agreement/Terms of Use Agreement (Item 2.0).

• FHFA will evaluate quotations considering positive attributes, negative attributes, and potential risk. Technical (Volume I) is more important than price (Volume II), but price importance may increase if technical evaluations are equal.

• FHFA may conduct exchanges with quoters.

• Award will be made to the quote(s) evaluated as best value and determined responsible.

• This requirement is set-aside for small business concerns.

• Quoters must be registered in the System for Award Management (SAM) at the time of quote submission to be eligible for award.

• Questions must be submitted via email by Wednesday, May 27, 2026, 4:00 PM Eastern Time.

• Any FAR clauses or provisions referenced can be obtained at www.acquisition.gov/far.

• The solicitation document and incorporated provisions and clauses are effective through Federal Acquisition Circular (FAC) 2026-01, March 13, 2026.

• The quotation must remain valid for a minimum of 90 calendar days.

• Quoters shall not include any price information in the technical quotation (Volume I).

• Attachments include: Statement of Work (SOW), Terms and Conditions, Pricing Worksheet, and Required Reports.

Statement of Work (SOW) / Performance Work Statement (PWS)

The primary objective is to obtain reports that present loan origination attributes and prepayment performance of mortgages guaranteed by Fannie Mae and Freddie Mac.

• Develop and deliver commercially available quarterly reports comparing loan origination and prepayment performance of mortgages guaranteed by Fannie Mae and Freddie Mac.

• Reports will be based on commercially available and marketed data accessible to the Contractor.

• FHFA will use these reports internally and may share them with other government agencies or the public.

• The scope may be bilaterally negotiated to include other reports on a firm-fixed-price (FFP) basis.

• FFP Quarterly Reports: Provide reports showing actual, historical loan origination and prepayment data for mortgages guaranteed by each Enterprise. Categories include, but are not limited to, deciles, cohorts, coupons, servicers, loan-to-value ratio, and other relevant groupings.

• Reports and supporting data tables/charts (machine-readable format) must be updated quarterly and provided electronically.

• Specific report requirements are detailed in Attachment D.

• Minor report criteria changes (e.g., font, format) are to be made without additional charge.

• Additional Services: Include subject matter expert/technical support via email and/or telephone at no extra cost.

• Data precision in delivered reports must match examples provided in Attachment D.

• Section 508 of the Rehabilitation Act requirements for Information Technology Accessibility (ICT) must be met for all deliverables, including web products and electronic documents.

• Period of Performance: One (1) year base period and four (4) one-year option periods.

• Place of Performance: Contractor will perform work at its own facilities. No security access to FHFA facilities is required.

• License Agreement: Must conform to specific requirements, including FHFA's right to use reports indefinitely, authorized end-user access, no indemnification by FHFA, and governing law being federal US law. The purchase order governs in case of conflict with the license agreement.

• Government-Furnished Property: None will be provided.

Form / Attachment / Pricing Sheet

This document, "Attachment B - Terms and Conditions," outlines the general terms, Federal Acquisition Regulation (FAR) provisions, and specific FAR clauses that will govern the contract. It details the contractual obligations, rights, and responsibilities of both the Government and the Contractor.

• General Terms: Acknowledgment of compliance with Federal anti-discrimination laws.
• FAR Provisions Incorporated by Reference: Includes clauses such as FAR 52.204-16 (Commercial and Government Entity Code Reporting) and FAR 52.209-7 (Information Regarding Responsibility Matters).
• FAR Clauses Included by Reference: Lists various FAR clauses related to System for Award Management, Safeguarding Contractor Information Systems, Accelerated Payments to Small Business Subcontractors, and Stop-Work Orders.
• FAR Clauses: Details specific clauses like FAR 52.212-4 (Contract Terms and Conditions -- Commercial Items), covering inspection/acceptance, assignment, changes, disputes, excusable delays, invoicing, patent indemnity, payment terms, overpayments, interest, risk of loss, taxes, and termination for convenience or cause.
• FHFA Specialty Clauses: Includes clauses specific to the Federal Housing Finance Agency (FHFA), such as Availability of Funds, Disputes, Public Release of Contract Award and Publicity Information, Invoicing via Invoice Processing Platform, Commercial Supplier Agreement Terms and Conditions, and Order of Precedence.

This attachment is crucial for bidders as it defines the legal and contractual framework of the potential agreement. Understanding these terms and conditions is essential for preparing a compliant proposal and for assessing the overall risks and obligations associated with the contract. Key areas for bidders to note include payment terms, dispute resolution processes, termination clauses, and any specific compliance requirements mandated by FAR or FHFA.

Form / Attachment / Pricing Sheet

This document, "Attachment C - Pricing Worksheet.xlsx", is a pricing schedule associated with RFQ FHF-26-Q-0046. It is intended for bidders to provide their quoted unit prices and calculate extended totals for the required services.

• Line Item: Identifies specific services or periods (e.g., Base Period, Option Year One).
• Description of Requirement: Specifies the service, which is "Mortgage Prepayment Reports" for all line items.
• Quoted Unit Price: Field for bidders to enter their price per unit.
• Quantity (Year): Indicates the quantity for each period. For all listed line items, the quantity is 0.0.
• Extended Total: Calculated field for the total cost per line item (Unit Price * Quantity).
• Total Evaluated Price: The sum of all Extended Totals.

Bidders must use this worksheet to input their pricing for Mortgage Prepayment Reports for the base period and all four option years. Although the provided quantity is 0.0 for all periods, bidders should carefully review the solicitation and any accompanying documents to understand the expected pricing structure and how their quoted prices will be evaluated. The "Total Evaluated Price" will be a key component in the overall evaluation of proposals.

Form / Attachment / Pricing Sheet

This Excel file, "Attachment D - 30-year Prepayment Line and Bar Charts 1-month CPR.xlsx", contains historical data presented in various charts and tables. It appears to provide monthly data for Fannie Mae and Freddie Mac from 2016 through projected dates in 2025, broken down by coupon rates (1.5%, 2%, 2.5%, 3%, 3.5%, 4%, 4.5%, 5%, 5.5%, 6%, 6.5%, and 7%).

• Coupon Rates: Data is organized by specific coupon rates (e.g., 1.5% Coupon, 2% Coupon).
• Entities: Information is provided for Fannie Mae and Freddie Mac.
• Time Series Data: Monthly data is presented for various years, including historical data and projections.
• Metrics: The data likely represents prepayment speeds or similar financial metrics, as indicated by "1-month CPR" (Constant Prepayment Rate) in the filename.
• Summary Tables: Each coupon rate sheet includes "All" columns summarizing data across years.

This attachment provides historical and projected prepayment data for mortgage-backed securities issued by Fannie Mae and Freddie Mac. Bidders may use this data to understand historical performance trends, model future prepayment behavior, and inform their financial analysis and bidding strategies related to opportunities involving these types of securities.

Form / Attachment / Pricing Sheet

This document, "Attachment D - Issuance Q4 2025.xlsx", appears to be a data spreadsheet providing statistical information related to loan issuance, likely for a financial or housing-related opportunity. It details loan counts, unpaid principal balances (UPB), production volume percentages, weighted average note rates, loan age, FICO scores, loan-to-value (LTV) ratios, and other borrower characteristics across different loan types (FNM, FRE) and interest rate tiers.

• Loan Data: Breakdown of loan counts and UPB by interest rate and loan type.
• Production Volume: Percentage of total production volume for each category.
• Loan Characteristics: Weighted averages for note rate, loan age, FICO score, and LTV.
• Risk Factors: Percentages of loans with FICO below 680, FICO above 740, LTV above 80, DTI above 40, and combinations thereof.
• Loan Purpose: Distribution of purchase, rate/term, cash-out loans.
• Occupancy Type: Breakdown of owner-occupied, second home, and investor loans.

This attachment provides detailed historical data on loan performance and borrower profiles. Bidders may use this information to understand the typical characteristics of loans relevant to the opportunity, assess potential risks, and inform their pricing strategies or operational planning if the opportunity involves financial instruments, loan servicing, or related services.

Form / Attachment / Pricing Sheet

This Excel file, "Attachment D - Quartiles Q4 2025.xlsx", provides detailed financial data related to mortgage-backed securities, specifically focusing on prepayment speeds across different quartiles for 30-year mortgage products. This data is likely intended to inform bidders about market conditions, risk assessments, or pricing considerations relevant to the opportunity.

• Prepayment Speeds: The document presents prepayment speeds (CPR) for Fannie Mae and Freddie Mac for various 30-year mortgage products, ranging from 1.5% to 7.0% coupon rates.
• Quartile Analysis: Data is broken down into four quartiles (Q1, Q2, Q3, Q4) for each coupon rate, indicating different segments of the market or borrower behavior.
• Attribute Data: For each quartile and coupon rate, the document includes attributes such as Weighted Average Loan Age (WALA), Weighted Average Coupon (WAC), Actual Loan Seasoning (ALS), and FICO scores.
• Differences: The "Difference" rows highlight the variation in prepayment speeds between Fannie Mae and Freddie Mac.

Bidders should review this attachment to understand the historical prepayment behavior and associated loan characteristics for 30-year mortgage pools. This information can be crucial for:

• Pricing Proposals: Accurately pricing financial instruments or services related to mortgage assets.
• Risk Assessment: Evaluating the potential risks associated with prepayment speeds and loan performance.
• Market Understanding: Gaining insights into the mortgage market dynamics relevant to the opportunity.
• Compliance: Ensuring any proposed solutions align with observed market trends and regulatory considerations (e.g., FHFA omissions noted in the footnotes).

Form / Attachment / Pricing Sheet

This document, titled "Attachment D - Vintage Comparison Q4 2025.xlsx", is an Excel spreadsheet containing detailed vintage comparison data. It appears to provide historical financial data related to loans, likely for analytical or modeling purposes within the context of the opportunity.

The spreadsheet includes data organized by year and coupon rate, detailing:

• Weighted Average Coupon (percent)
• Weighted Average Maturity (months)
• Weighted Average Loan Age (months)
• Unpaid Principal Balance ($ billions)
• Three Month Conditional Prepayment Rates (percent) for both FNM (Fannie Mae) and FRE (Freddie Mac).

This attachment provides specific historical financial performance data for different loan vintages. Bidders may need to analyze this data to understand the underlying asset performance, risk profiles, or market conditions relevant to the opportunity. It could be used for financial modeling, risk assessment, or to inform pricing strategies if the opportunity involves financial instruments or services related to mortgage-backed securities or loan portfolios.

Form / Attachment / Pricing Sheet

This document, "Attachment D - WAC_to_Coupon_Comparison.xlsx", contains a series of spreadsheets detailing "factor_date" along with corresponding "Fannie Mae" and "Freddie Mac" values for various "30-year TBA" and "15-year TBA" interest rate scenarios. These values likely represent adjustment factors or coupons used in mortgage-backed securities pricing or origination.

The document is organized into sheets, each corresponding to a specific "30-year TBA" or "15-year TBA" rate (e.g., 1.0, 1.5, 2.0, up to 8.0 for 30-year and 5.5 for 15-year). Each sheet contains a "factor_date" column and columns for "Fannie Mae" and "Freddie Mac" values. The data spans from January 2020 through January 2026.

Bidders should review these factor comparisons to understand the pricing or valuation methodologies relevant to mortgage-related financial instruments. This data may be critical for accurately preparing financial proposals, understanding risk assessments, or evaluating the economic aspects of the opportunity if it involves mortgage finance, securitization, or related services.