As predicted, the US Department of Housing and Urban Development (HUD) rolled out the Atlanta HOC and it will be a free for all just like the Santa Ana HOC. We are off to the races and it is going to be anyone’s game in Region 3A Illinois; Region 4A Indiana and Kentucky; Region 5A North Carolina and South Carolina; Region 6A Tennessee, Mississippi, and Alabama; Region 7A Georgia; and Region 8A Florida, Puerto Rico and the US Virgin Islands. For those of you living under a rock, I am referring to HUD’s release of the Management and Marketing (M&M), Field Service Manager (FSM) Contract commonly referred to as the HUD M&M FSM 3.10 for the Atlanta HOC. While not larger than usual, the legalese weighs in at a hefty 156 pages. The National Association of Mortgage Field Services (NAMFS) had best Cowboy Up on this roll out as every two bit Contract Writer will be gearing up for what is to be the most rapid deployment of a HUD Contract in history.
Neither the Santa Ana HOC offering nor this one, are anticipated to bring NAMFS, as an Association, back from the brink of financial insolvency, though. Eric Miller, the Executive Director of NAMFS, has been unable to comment on the release on the @NAMFS Twitter feed, so go figure. There are the NAMFS Member Dues working hard for you!
Cursory observations on Page 154, Section M.2, point to no requirements for past performance. This means that while many might have thought the Wild Wild West was gone, you had better strap in for this one! Here is the precise language,
In accordance with FAR 15.101-2(b)(1), the Contracting Officer has determined that Past Performance will not be considered as a specific evaluation factor under this solicitation.
Foreclosurepedia will have more on this fast breaking story as it unfolds and has been having coverage on the Foreclosurepedia Podcast the past several nights on the Foreclosurepedia Radio Network.