The number of Utah homeowners who are delinquent on their mortgages continues to drop, according to a new report from property information and analytics firm CoreLogic. In the Salt Lake City market, 2.9 percent of mortgages were delinquent by at least 30 days in May, the Loan Performance Insights Report from CoreLogic said. In May 2016, the same report showed that 3.6 percent of Utah mortgages were delinquent.
By comparison, the nationwide delinquency rate in May stood at 4.5 percent, down 0.8 percent from May 2016 when the rate was 5.3 percent. The CoreLogic numbers include those mortgages in foreclosure.
Salt Lake City mortgages in serious delinquency (90 days or more past due) totaled 1.0 percent in May compared with 1.4 percent in May 2016. The foreclosure inventory rate for this May was 0.2 percent compared with 0.3 percent a year earlier.