Inactive

AMENDMENT 0001 - amendment is published to answer questions received. the closing date and time remain the same. Is there an incumbent? If yes, why is the bureau seeking a second date source/service p... AMENDMENT 0001 - amendment is published to answer questions received. the closing date and time remain the same. Is there an incumbent? If yes, why is the bureau seeking a second date source/service provider? No Will there be one award, multiple awards, or (potentially) no award from this RFP? One award Will this RFP be awarded in calendar year 2022? We expect to award by end of 2022. What is the most important criteria for the Bureau? What, if any, data/information gaps are needed? The most important criterion is obtaining data for all of the variables in the RFP every Thursday. Would a submission be considered if lender fees, origination fees or APR are not included? Total points/fees defined as discount points + origination points, as well as APR are required. Given the upcoming holiday would the Bureau consider a one week due date extension? An extension will not be provided at this time. The Bureau is responsible for publishing weekly Average Prime Offer Rates (APOR) values, a measure of what qualified borrowers would pay for a mortgage. Three primary uses of APOR are (1) to determine if a mortgage is a Higher Priced Mortgage Loan under Regulation Z, (2) to generate the rate spread variable in Home Mortgage Disclosure Act (HMDA) data, and (3) to determine whether a mortgage is a Qualified Mortgage (QM) under the Bureau’s Ability to Repay (ATR) rules. The Research, Markets, and Regulations (RMR) Division seeks to acquire APOR data, the right to use the mortgage pricing data to replace the PMMS for a period to include the base period and up to four additional government option periods, and the right to use and maintain an archive of data acquired by the Bureau during all base and executed option periods (if exercised) to generate and publish the weekly APORs. There was a previous notice under RFP 9531CB22R0014 that was canceled. The requirement has an increased data need as included in the attached RFP. CFPB Market Research has only identified one vendor that packages and sells the data. Please see attached Justificaiton.