Re-default rates on modified mortgages for some servicers have hit 80.0 percent, but CitiMortgage has managed to keep re-defaults relatively low, in part by not taking loss mitigation actions on the vast majority of its non-prime portfolio. According to a recent loss mitigation report by the servicer, Citi’s re-default rate did not exceed 24.0 percent for mortgages modified... [Includes one graph]