SOLICITATION NOTICE
R -- Risk Management and Capital Assessment Projections (RMCAP)
- Notice Date
- 10/21/2014
- Notice Type
- Presolicitation
- NAICS
- 541618
— Other Management Consulting Services
- Contracting Office
- Department of Housing and Urban Development, OCPO, Office of Policy and Systems, FHA/ Housing Support Division, 451 7th Street S.W., Washington, District of Columbia, 20410, United States
- ZIP Code
- 20410
- Solicitation Number
- DU100H-14-R-0005
- Archive Date
- 10/31/2014
- Point of Contact
- Jerl S. Traylor, Phone: 2024026131
- E-Mail Address
-
JerL.S.Traylor@hud.gov
(JerL.S.Traylor@hud.gov)
- Small Business Set-Aside
- N/A
- Description
- This is a presolicitation notice for an upcoming solicitation. This is not a solicitation for proposals and no contract will be awarded from this synopsis. The purpose of this synopsis is to inform the public that a formal solicitation will be released on or around October 31, 2014. This will be a total small business set-aside under NAICS 541618 and PSC R710. The Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA) seeks expert analytical and related services to inform risk management, budget and related policy decisions with respect to the Mutual Mortgage Insurance Fund (MMIF). The Contractor will inform MMIF decisions through a series of risk management and financial reports to be known as Risk Management and Capital Assessment Projections (RMCAP). RMCAP's purpose is to ensure that the cash flows, net assets and valuations arising from the mortgage insurance and federal credit reform transactions of the MMIF and the level, direction and implications of the risks to the MMIF are made appropriately transparent and comprehensible as a basis for decisions. The Contractor will be responsible for identifying, measuring, monitoring, valuing and reporting on past, present and probable future risks to the accumulated net assets and contractual cash flows and valuations associated with MMIF insurance operations and federal credit reform transactions as described in Exhibit 1 (MMIF Balance Sheet Line Items) and Exhibit 2 (MMIF Cash Activity Line Items). The Contractor will also monitor probable MMIF capital ratios, provide menu-driven and extended policy analyses, information for FHA's annual report, analyses of independent actuarial reports, budget estimates and re-estimates and associated report storage and retrieval. Transactions associated with the FHA's guarantee programs for single-family mortgages are recorded in an account of the federal government known as the MMIF. FHA has insured 27.4 million mortgages through the MMIF since federal credit reform went into effect in 1992 of which 852,000 are reverse mortgages and roughly 8 million are active and on which aggregate insurance in force was $1.17 trillion as of 9/30/13. Cash flows on these insurance policies result from both FHA's insurance operations and from transactions mandated by federal credit reform. Aggregate MMIF cash flows and balances are reported monthly for the line items shown in the Exhibits below. Underwriting, servicing and property disposition information on FHA-insured loans and the resulting cash flows and accumulated net assets of the insurance operation resides on multiple systems. The RMCAP will have a monthly operating cycle in which appropriate information is drawn from FHA and other appropriate sources, evaluated, processed, analyzed, reviewed and reported. (Information drawn from FHA is the transfer of data the contractor might need from FHA. This pertains specifically to the FHA data subject to the MMI Fund for which RMCAP is requesting valuation and risk modeling. The data and frequency FHA will execute the transfers to the contractor will depend of what kind of data the contractor will need from FHA. It is anticipated these data will be transferred on a regular basis preferably monthly.) The Contractor will identify differences between previously forecast and subsequent actual values and evaluate them for out-of -tolerance outcomes requiring adjustments to models. New reports and forecasts will be generated after the current accuracy and reliability of the information has been established. The Contractor must provide sound and effective model risk management to RMCAP in accordance with principles and standards such as those established by the Federal Housing Finance Agency (AB-2013-07-Model-Risk-Management-Guidance) and The Federal Reserve Board and The Comptroller of the Currency (Supervisory Guidance on Model Risk Management). The Contractor must also develop, document, operate and manage the RMCAP in accordance with all applicable OMB Circulars (A-11, A-123 and A-129 (OMB Circulars)), and all applicable Federal Accounting and Audit Standards (FASAB Handbook).
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/notices/889407e37ff555b7778cf0ac7f1de1c7)
- Place of Performance
- Address: Contractor's Site, United States
- Record
- SN03554905-W 20141023/141021234334-889407e37ff555b7778cf0ac7f1de1c7 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
| FSG Index | This Issue's Index | Today's FBO Daily Index Page |