The report released Wednesday showed the state had a delinquency rate of 8.03 percent, compared to the national average of 9.38 percent. The delinquency rate excludes loans in the process of foreclosure, a news release said.
The percentage of loans in Utah on which foreclosure proceedings were started during the quarter was unchanged from the prior quarter at 1.19 percent, while the percentage of loans in the foreclosure process at the end of the quarter increased 0.13 percentage point to 3.43 percent.
Among the 50 states and the District of Columbia, Utah ranked 30th in delinquencies and 14th in foreclosures started. Nevada ranked first in delinquencies with a rate of 14.03 percent, as well as first in foreclosure starts at a rate of 3.23 percent. The Deseret News
