DELIVERY ORDER

VERDI CONSULTING INC - 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

PIID: DU100H14T00003
Effective Date: Sep 30, 2014End Date: Closed on Aug 29, 2020
Award $
$25.6M
Vendor
VERDI CONSULTING INC

Key Details

Dollars Obligated
$25.6M
Awarding Sub-Agency
Department of Housing and Urban Development

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

Context & Analysis

Department of Housing and Urban Development obligated $25,576,155.88 to VERDI CONSULTING INC for 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 defaul. This award is one of several similar procurements from Department of Housing and Urban Development — related awards are listed below.

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