Feb. 24: Subservicing, webinars, QC, verification, underwriting products; STRATMOR on 2022 trends; Ukraine helping rates, not 401(k)’s

Greetings from Little Rock, Arkansas (home of cheese dip, 1935)! George Thorogood’s music is alive and well here, and a happy 72nd birthday to he who wrote the lending anthem, “When I Do a Loan, I Prefer to be by Myself.” While George is busy celebrating his birthday week, and apps plunged to their lowest level in two years, residential lenders should know that the CFPB released a factsheet on the interest rate that is used for calculating prepaid interest under the price-based General QM APR calculation rule for certain ARMs and step-rate loans.