86615623C00016↗

Name: 86615623C00016: Single Family Master Subservicer Services in Support of Ginnie Mae'S Mortgage-Backed Securities (MBS) Programs.
Creator: SpendQuery
License: https://www.usa.gov/government-works

SINGLE FAMILY MASTER SUBSERVICER SERVICES IN SUPPORT OF GINNIE MAE'S MORTGAGE-BACKED SECURITIES (MBS) PROGRAMS.

Definitive Contract · Department of Housing and Urban Development · to Carrington Mortgage Services LLC (UEI F4MUQB9W8KS9) · data as of 2026-10-21

Obligated to date$1.07B21 actions

Current value$1.13Bwith options exercised

Period2023-08-10 → 2027-02-09current end date

Up for re-bid: ends 2027-02-09. Recompete brief →

What it is

Product or service: Support- Professional: Program Management/Support (PSC R408)
Industry: Investment Banking and Securities Intermediation (NAICS 523150)
Contracting office: Cpo : Fha Housing Support Division (866156)
Competition: Not competed · 1 offer received
Pricing: Time and materials
How it was bought: Standalone contract
Where the work is: Orange, CA · district CA-46

Obligations by fiscal year

FY2023$26.12M

FY2024$731.00M

FY2025$80.10M

FY2026$235.79M

SpendQuery holds FY2023 on; earlier years are on USAspending.gov.

Subcontractors: where the money went next

No subawards reported for this award. Primes report subawards of $30,000 or more; many awards have none.

Every action

21 actions since 2023-08-09. Each is a modification or amendment with the money it added or took back.

Date	Modification	Kind	Amount	What the agency wrote
2026-07-23	P00020	Option exercised	$91.02M	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2026-07-08	P00019	Supplemental agreement (work within scope)	$11.80M	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2026-06-30	P00018	Funding only	-$11.80M	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2025-11-10	P00017	Funding only	$144.77M	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2025-09-30	P00016	Funding only	$700.0K	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2025-09-30	P00015	Funding only	-$700.0K	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2025-07-23	P00014	Option exercised	$79.70M	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2025-06-26	P00013	Funding only	$700.0K	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2025-06-24	P00012	Funding only	-$700.0K	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2025-01-14	P00011	Funding only	$1.00M	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2025-01-14	P00010	Funding only	-$1.00M	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES
2024-12-03	P00009	Administrative change	$0	SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES

Source: USAspending.gov prime award transactions and FSRS subaward reports, as loaded by SpendQuery (data as of 2026-10-21). Amounts are obligations (money committed), not outlays. The official record on USAspending.gov ↗

Putting the award page together from the records…