This is an online subscription service that allows the user access to reliable foreclosure, delinquency, and residential sales data to be used in analysis and research to inform public policy and provide information.
The objectives of the contract are to provide HUD with robust panel data reports that achieve the following:
(1) To support formal evaluations of HUD programs addressing foreclosure and neighborhood stabilization
(2) To provide data for geo-spatial mortgage analysis and other mortgage market research projects.
(3) To facilitate flow analysis and production of Scorecard for HUD
(4) To provide timely responses to Congressional and Administration requests
(5) To detail national, state, and metro flow data for use in public policy decisions
The contractor must furnish the necessary professional, technical, and clerical services, involving the foreclosure process and sales activity across the United States at the national, state, metropolitan area, city, county, and zip code or neighborhood levels from local recording offices. They must also provide monthly flow data for foreclosure completions. HUD requires monthly flow data for reporting purposes.
The contractor must provide a database that covers approximately 95% of U.S. households and incudes property level observations of all stages of the foreclosure process, and residential sales. The database shall include a historical time series back to April 2005 and will continue to be updated.
