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Department of Housing and Urban Development Awarded a Contract to CARRINGTON MORTGAGE SERVICES LLC for $1,312,270,708.02

Signed on

8/9/2023, 12:00 AM

CARRINGTON MORTGAGE SERVICES LLC Government Contract #86615623C00016

CARRINGTON MORTGAGE SERVICES LLC was awarded a contract with the United States Government for $1,312,270,708.02. 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 Carrington Mortgage Services LLC, a U.S.-owned business located in Anaheim, California. The contract, funded by the Department of Housing and Urban Development, is for single-family master subservicer services supporting Ginnie Mae's mortgage-backed securities programs. The total contract value is $1,312,270,708.02. Notable transactions include multiple amendments varying in amounts, with the largest transaction being $484,650,888.79 and the largest negative transaction being -$144,300,000.04.

Contract Details

Contract ID86615623C00016
Contract TypeD
Total Obligation$757,520,495.45
Exercised Options$815,495,552.40
Base Amount + Options$1,312,270,708.02
Date Signed2023-08-09
Contract DescriptionSINGLE FAMILY MASTER SUBSERVICER SERVICES IN SUPPORT OF GINNIE MAE'S MORTGAGE-BACKED SECURITIES (MBS) PROGRAMS.
Start Date2023-08-10
End Date2025-08-09

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

RecipientCARRINGTON MORTGAGE SERVICES LLC
Recipient Location1600 S DOUGLASS RD ANAHEIM CALIFORNIA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00012 | $-700,000.00June 24, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010 | $-1,000,000.00January 14, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-1,000,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011 | $1,000,000.00January 14, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $1,000,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009 | $0.00December 3, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008 | $400,000.00October 11, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $400,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007 | $0.00September 28, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006 | $-144,300,000.04September 25, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-144,300,000.04 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $484,650,888.79August 8, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $484,650,888.79 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $3,460,700.00April 15, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $3,460,700.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-3,460,700.00March 25, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-3,460,700.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $0.00December 13, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $390,652,560.94October 6, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $390,652,560.94 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $26,117,045.76August 9, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $26,117,045.76 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013 | $700,000.00June 26, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012 | $-700,000.00June 24, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010 | $-1,000,000.00January 14, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-1,000,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011 | $1,000,000.00January 14, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $1,000,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009 | $0.00December 3, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008 | $400,000.00October 11, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $400,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007 | $0.00September 28, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006 | $-144,300,000.04September 25, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-144,300,000.04 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $484,650,888.79August 8, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $484,650,888.79 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $3,460,700.00April 15, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $3,460,700.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-3,460,700.00March 25, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-3,460,700.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $0.00December 13, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $390,652,560.94October 6, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $390,652,560.94 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $26,117,045.76August 9, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $26,117,045.76 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00017 | $144,765,926.38November 10, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $144,765,926.38 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00015 | $-700,000.00September 30, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00016 | $700,000.00September 30, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00014 | $79,698,044.28July 23, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $79,698,044.28 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013 | $700,000.00June 26, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012 | $-700,000.00June 24, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011 | $1,000,000.00January 14, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $1,000,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00010 | $-1,000,000.00January 14, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-1,000,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00009 | $0.00December 3, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008 | $400,000.00October 11, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $400,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007 | $0.00September 28, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006 | $-144,300,000.04September 25, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-144,300,000.04 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $484,650,888.79August 8, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $484,650,888.79 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $3,460,700.00April 15, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $3,460,700.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-3,460,700.00March 25, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-3,460,700.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $0.00December 13, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $390,652,560.94October 6, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $390,652,560.94 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $26,117,045.76August 9, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $26,117,045.76 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00018 | $-11,800,000.00June 30, 2026

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-11,800,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00017 | $144,765,926.38November 10, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $144,765,926.38 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00015 | $-700,000.00September 30, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00016 | $700,000.00September 30, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00014 | $79,698,044.28July 23, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $79,698,044.28 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013 | $700,000.00June 26, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012 | $-700,000.00June 24, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-700,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011 | $1,000,000.00January 14, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $1,000,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00010 | $-1,000,000.00January 14, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-1,000,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00009 | $0.00December 3, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008 | $400,000.00October 11, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $400,000.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007 | $0.00September 28, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006 | $-144,300,000.04September 25, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-144,300,000.04 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $484,650,888.79August 8, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $484,650,888.79 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $3,460,700.00April 15, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $3,460,700.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-3,460,700.00March 25, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $-3,460,700.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $0.00December 13, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $390,652,560.94October 6, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $390,652,560.94 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $26,117,045.76August 9, 2023

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $26,117,045.76 to CARRINGTON MORTGAGE SERVICES LLC. The payment included a Subsidy Cost of $0.00.