“The Department of Housing and Urban Development has awarded a blanket purchase agreement for modernizing the securitization software used by the Government National Mortgage Association (Ginnie Mae).”
“Accenture Federal Services, CGI, KPMG and Deloitte are all part of the potential $127 million, five-year contract.”
“Part of HUD, Ginnie Mae is a guarantor for the timely payment of principals and interest on mortgage-backed securities. The organization’s services, it says, minimize risks to taxpayers and make it easier for underserved populations to obtain mortgages.”
“The goal of the new BPA is to help Ginnie Mae modernize the…” Read the full article here.
Source: HUD awards $127M contract for Ginnie Mae software modernization – By Tajha Chappellet-Lanier, January 9, 2020. FedScoop.