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COMMERCE BUSINESS DAILY ISSUE OF SEPTEMBER 16,1999 PSA#2433Federal Deposit Insurance Corporation, Division of
Administration-Acquisition Services Branch, 550 17th Street, N.W., Room
1700PA-4139, Washington, DC 20429 99 -- LEAD AND BACKUP LOAN SERVICER TO PROVIDE A FULL RANGE OF
SERVICING, FULL AND MASTER, FOR RESIDENTIAL MORTGAGE LOANS. DUE 092499
POC Barry Aldridge, Sr. Contracting Specialist (972)761-2151 or 2545
The Federal Deposit Insurance Corporation (FDIC) intends to issue a
Request for Proposal (RFP) to engage a Lead and Backup Loan Servicer to
provide a full range of servicing, Full and Master, for Residential
Mortgage Loans obtained through FDIC's appointment as Receivers for
various failed financial institutions. The portfolio will generally
consist of performing and non-performing residential loans mainly
collateralized by one to four family residential real estate; however,
there may be pools of loans that qualify as Real Estate Mortgage
Investment Conduits (REMIC) under the Internal Revenue Code, or
REMIC-like product. Additionally, loans may be primary serviced by
others (LSBO), Loans Serviced For Others (LSFO), ownership or
participation interests in securitizations, and similar type products.
To be considered under the RFP, an offeror must be a rated servicer
and maintain a rating level, from a recognized industry-rating agency,
equivalent to "average" or "acceptable" or better for residential loan
servicing and master servicing. To receive the RFP, please send a
letter, on company letterhead and signed by an Officer of the
organization, stating your firm is a rated servicer and has the
capabilities to perform Residential Loan Servicing. Your response must
be received no later than Friday, September 24, 1999. Send your
response to: Federal Deposit Insurance Corporation, Barry C. Aldridge,
Senior Contracting Specialist, 1910 Pacific Avenue, Suite 3050,
Dallas, Texas 75201, Facsimile Number: 972/761-2545 or 2151. Late
responses will not be accepted. Note: The FDIC is not subject to the
Federal Acquisition Regulations (FAR). Posted 09/14/99 (W-SN380151).
(0257) Loren Data Corp. http://www.ld.com (SYN# 0346 19990916\99-0011.SOL)
99 - Miscellaneous Index Page
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