themortgagellm™Use Case · Current Market Analysis
Use The Mortgage LLM to summarize what is happening right now across the US housing-finance market — denial rates, origination volume by program, FICO and LTV mix, geographic flows — and to compare current snapshots against any prior period.
Sample prompts
FHA share of purchase originations: 2024 vs 2019
“What is the FHA share of purchase originations in 2024, and how does it compare to 2019?”
FHA's share of first-lien purchase originations was nearly identical in both years — 17.83% in 2019 vs 17.95% in 2024. What changed was absolute volume: the purchase universe contracted 22.5% (4.39M → 3.40M) but the FHA-vs-conventional mix held steady…
Top 10 metros by refinance volume in the 2021 rate-bottom peak
“Which 10 metros had the largest first-lien refinance volume in 2021, the rate-bottom peak before the rate-shock collapse?”
2021 was the refi peak — ~8.55M first-lien refis nationally. The top 10 metros account for roughly 35-40% of that volume, and these are the same metros that subsequently saw the largest absolute 2023 declines (~91% national drop)…
Cash-out vs rate-and-term refi mix in 2024
“What was the cash-out vs rate-and-term refinance mix in 2024, and how does it compare to the 2020-2021 boom?”
2024 was the first year in the post-2018 HMDA window where cash-out refis edged past rate-and-term — 51% cash-out vs 49% rate-and-term on roughly 1.1M first-lien refinance originations, a meaningful tilt from the 2020-2021 boom-era mix (76% rate-and-term in 2020) though at a fraction of the absolute volume…