Well, foreclosure rates vary from Mormon neighborhood to Mormon neighborhood. Overall, it hasn't looked well for Utah. According to one February 2010 Christian Science Monitor article:
A RealtyTrac report released Thursday showed they [Utah] had the fifth-highest foreclosure rate among the states, with 1 in 231 homes receiving a foreclosure notice in January. That's nearly double the national rate and not far from No. 4 Florida's rate of 1 in 187...In mid-decade, when Utah was tops in bankruptcies, various commentators pinned the blame on Mormon religious and cultural practices, such as tithing, creating large families, buying homes at a young age, and as one critic put it: "the pressure in Mormonism to be, or at least appear, financially successful as proof the Lord is blessing them." Indeed, Mormons in 2004 had a bankruptcy rate that was approaching twice that of the national average.
Source: Foreclosure mystery: Why can't conservative Utahns afford their mortgage?
According to a July 2009 Salt Lake Tribune article, Provo-Orem at that time was topping Utah in foreclosure-related filings. That area -- Utah County --"coincidentally" has the HIGHEST % of Lds concentration in the entire state!)
In fact a 2003 article says that 88% of this county is LDS! 88% of Utah County is LDS And the 2009 Trib article says: The Provo-Orem area is ranked No. 31 in foreclosure-related filings among more than 200 areas nationwide, a new report shows.
According to the Trib, the other 2 areas (known for having 56-58% Lds population) that were responsible for the second & third highest rates: The Salt Lake metro area was at No. 58, with Ogden-Clearfield at No. 59 in the report by RealtyTrac, which monitors a wide range of filings from default notices -- in which homeowners are simply behind on their payments but not yet in danger of losing their properties -- to notices that the bank is taking possession of the property. In the Salt Lake metro area, 5,322 properties -- 1.4 percent of all housing units...
I live in Colorado