As of June, about 4.6 percent of all borrowers nationally were in foreclosure. In Utah, only about 3.4 percent of about 439,000 homeowners with a mortgage were in the process of losing their homes to foreclosure. While Utah’s foreclosure rate is lower than the national average, the state’s rate is climbing and is up from just under 3 percent last year. Utah is ranked 24th in the nation in foreclosures.
More than 8 percent of Utah households with a mortgage were at risk of foreclosure this summer, reflecting continued weakness in the state’s economy and housing market. Nationally, nearly 10 percent of homeowners had missed at least one mortgage payment as of June, the Mortgage Bankers Association said Thursday. The Salt Lake Tribune
