Deseret Morning News (UT) (07/25/08); Thalman, James
Utah Housing Corp. reports that foreclosures among participants in its first-time buyer assistance program declined by 52 percent in the fiscal year that ended June 30. Foreclosures were up 141 percent statewide during the same period, according to Utah Housing. The agency has helped about 10,000 moderate-income Utahns become homeowners. Although participants benefit from the program's below-market interest-rate loans, administrators tout their efforts to lend responsibly and allow borrowers buy only what they can actually afford.
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