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Contract 86615623C00016

Carrington Mortgage Services Llc · Department Of Housing And Urban Development · August 8, 2024

Time And MaterialsSole SourceNAICS 523150

Carrington Mortgage Services Llc was awarded a federal contract by Department Of Housing And Urban Development on August 8, 2024 for $565.51 million of work in investment banking and securities intermediation. Performance is in Anaheim, CA. It was awarded under full and open competition. The contract has been modified 7 times since the base award It uses time-and-materials contract pricing. The most recent modification was on November 10, 2025. If all options are exercised, the contract could reach $1.04 billion.

Obligated to date
$565.51M
$565,514,859
Current value
$1.04B
Modifications
7
Latest November 10, 2025

Contract details

PIID
86615623C00016
Award type
Definitive Contract
Pricing
Time And Materials
Set-aside
No Set Aside Used.
Competition
Not Competed
NAICS
523150 · Investment Banking And Securities Intermediation
Product / service
Support- Professional: Program Management/Support
Place of performance
Anaheim, CA
First action
August 8, 2024
Latest action
November 10, 2025

Description

SINGLE FAMILY MASTER SUBSERVICER (SF MSS) SERVICES

Modification timeline

  • November 10, 2025
    Mod P00017 · Funding Only Action
    $981.98M
  • September 30, 2025
    Mod P00016 · Funding Only Action
    $837.22M
  • September 30, 2025
    Mod P00015 · Funding Only Action
    $837.22M
  • July 23, 2025
    Mod P00014 · Exercise An Option
    $837.22M
  • June 26, 2025
    Mod P00013 · Funding Only Action
    $757.52M
  • September 28, 2024
    Mod P00007 · Other Administrative Action
    THE PURPOSE OF THIS MODIFICATION IS TO INSERT FAR CLAUSE 52.203-17 CONTRACTOR EMPLOYEE WHISTLEBLOWER RIGHTS
    $757.12M
  • September 25, 2024
    Mod P00006 · Other Administrative Action
    $757.12M
  • August 8, 2024
    Mod P00005 · Exercise An Option
    $901.42M
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Top contractors in NAICS 523150

Lifetime obligated dollars across all federal contracts in this NAICS code.

#ContractorContractsObligated
1Carrington Mortgage Services Llc1$144.77M
2Charles Schwab & Co., Inc1$-81.4K

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Frequently asked questions

What is contract 86615623C00016?

Contract 86615623C00016 is a federal contract awarded to Carrington Mortgage Services Llc by Department Of Housing And Urban Development on August 8, 2024 for $565.51 million of work classified under INVESTMENT BANKING AND SECURITIES INTERMEDIATION. It has been modified 7 times since the base award.

Who won contract 86615623C00016?

Carrington Mortgage Services Llc won contract 86615623C00016 from Department Of Housing And Urban Development.

How much is contract 86615623C00016 worth?

Contract 86615623C00016 has obligated $565.51 million to date, with a total potential value of $1.04 billion if all options are exercised.