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Citigroup released its eighth quarterly mortgage data report today, touting the fact that it had helped "approximately 130,000 distressed homeowners with loans it owns or services remain in their homes and avoid foreclosure on mortgages valued at more than $20 billion."
Other banks, like Bank of America [ BAC 14.59 
+0.12 (+0.83%) ], issue similar monthly reports, but what makes Citi's [ C 3.175 
-0.005 (-0.16%) ] unique is that it is not being shy about disclosing re-default rates.
Take a look:
I've been asking Treasury Department officials to disclose redefault rates on modifications in the Home Affordable Modification Program, or at least to release the number of trial modifications that have been converted to permanent mods. The trial period is three months, so if a borrower misses a payment (redefault) they are supposed to be immediately dropped from the program. The program really kicked into gear in June, so by now, at the very least, we should know how many borrowers have missed a payment.
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