Foreclosures ease grip on Utah, but rate still high

Among those in the state with mortgages, 9.7 percent either were at least 30 days late on their payments or in some stage of foreclosure in the first quarter, according to the Mortgage Bankers Association. The state’s combined default and foreclosure rate remains abnormally high, as it does nationally. However, Utah’s rate is down from 11 percent in the first quarter of last year and is now more 2½ percentage points lower than the national rate, according to the report. Nationally, 12.3 percent of mortgages are either delinquent or in foreclosure, according to the Mortgage Bankers Association. Salt Lake Tribune