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Thomas O’Grady quoted in HousingWire: Higher LTVs lead to steep price drops

HousingWire has quoted CEO Thomas O’Grady in their latest article on the effects of higher LTVs on the housing market.

“We have found that as home prices decline, homeowners with high LTVs are much less inclined to stay in their homes since they have little or no equity to protect. This leads to more price declines, which has a cascading effect on other high LTV owners and a further depreciation in home values.” 

Click here to read the full article or click here to read our full Home Value Forecast Update.