Department of Housing and Urban Development Awarded a Contract to SELENE FINANCE LP for $1,128,703,159.68

Q: Where is SELENE FINANCE LP located?

3501 OLYMPUS BLVD DALLAS TEXAS UNITED STATES

Signed on

8/10/2023, 12:00 AM

SELENE FINANCE LP Government Contract #86615623C00015

SELENE FINANCE LP was awarded a contract with the United States Government for $1,128,703,159.68. The contract was awarded by the agency office CPO : FHA HOUSING SUPPORT DIVISION, which is a division with the Department of Housing and Urban Development within the Department of Housing and Urban Development.

Summary of Award

The recipient of the federal contract is Selene Finance LP, located in Dallas, Texas, a U.S.-owned business. The contract is for providing single family master subservicer services in support of Ginnie Mae's mortgage-backed securities programs, funded by the Department of Housing and Urban Development. The contract is worth $64,857,503.01. Notable spending patterns include total outlays of $5,864,315.05 related to the contract.

Contract Details

Contract ID86615623C00015

Contract TypeD

Total Obligation$64,857,503.01

Exercised Options$1,128,703,159.68

Base Amount + Options$1,128,703,159.68

Date Signed2023-08-10

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

Start Date2023-08-12

End Date2026-08-11

Agency Details

Awarding AgencyDepartment of Housing and Urban Development

Awarding Sub AgencyDepartment of Housing and Urban Development

Awarding OfficeCPO : FHA HOUSING SUPPORT DIVISION

Funding AgencyDepartment of Housing and Urban Development

Funding Sub AgencyDepartment of Housing and Urban Development

Funding OfficeGNMA : OFFICE OF MANAGEMENT OPERATI

Recipient Details

RecipientSELENE FINANCE LP

Recipient Location3501 OLYMPUS BLVD DALLAS TEXAS, UNITED STATES

Business CategoriesCategory Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business