THE Department of Housing and Urban Development (HUD), Under the Auspices of the Federal Housing Administration S (FHA) Single Family Loan Sale (sfls) Program Sells Certain of ITS Single Family Defaulted Portfolio to Expedite the Disposition of Defaulted Assets, Maximize the Recoveries From Sales Proceeds to the FHA Insurance Fund, and Address the FHA S Public Policy Objectives of Homeownership and Neighborhood Stabilization. This Requirement Includes the Tasks of Assembling and Presenting Information About the Assets, Marketing the Offering of Assets in Pools to Qualified Investors, Advertising, Accepting the Bids on Sale DAY and Assisting With the Settlement With the Winning Purchasers and Transfer of Servicing of the Assets Sold. Igf::ot::igf
Contract Overview
Contract Amount: $25,576,156 ($25.6M)
Contractor: Verdi Consulting Inc
Awarding Agency: Department of Housing and Urban Development
Start Date: 2014-09-30
End Date: 2020-08-29
Contract Duration: 2,160 days
Daily Burn Rate: $11.8K/day
Official Description: THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), UNDER THE AUSPICES OF THE FEDERAL HOUSING ADMINISTRATION S (FHA) SINGLE FAMILY LOAN SALE (SFLS) PROGRAM SELLS CERTAIN OF ITS SINGLE FAMILY DEFAULTED PORTFOLIO TO EXPEDITE THE DISPOSITION OF DEFAULTED ASSETS, MAXIMIZE THE RECOVERIES FROM SALES PROCEEDS TO THE FHA INSURANCE FUND, AND ADDRESS THE FHA S PUBLIC POLICY OBJECTIVES OF HOMEOWNERSHIP AND NEIGHBORHOOD STABILIZATION. THIS REQUIREMENT INCLUDES THE TASKS OF ASSEMBLING AND PRESENTING INFORMATION ABOUT THE ASSETS, MARKETING THE OFFERING OF ASSETS IN POOLS TO QUALIFIED INVESTORS, ADVERTISING, ACCEPTING THE BIDS ON SALE DAY AND ASSISTING WITH THE SETTLEMENT WITH THE WINNING PURCHASERS AND TRANSFER OF SERVICING OF THE ASSETS SOLD. IGF::OT::IGF
Place of Performance
Location: Virginia, 22102
State: Virginia Government Spending