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Marc Giauque reporting
Utah's bad reputation for mortgage foreclosures may be fading. Bankers say far fewer Utahns are defaulting on their loans than have in almost a decade.
Utahns can thank rising property values and strong job growth for the dropping numbers, according to Kelly Matthews of Wells Fargo Bank. Bankers say people in Utah default on about 3/4 of 1% of all loans in Utah, compared to midwestern states like Ohio and Indiana, where the rate is about three times higher.
The Mortgage Bankers Association says locally the housing market remains strong, with overall prices still up by about 15%.
