Citigroup Inc. managed to work out problem mortgages with more than 16 California borrowers for every home in the state it foreclosed on last quarter. The odds were considerably worse in Vegas.

In Nevada, workouts outnumbered foreclosures 4.6 to 1, according to a new report on Citi's foreclosure prevention efforts. Of the 22 markets for which Citi provided specific data, only Arizona had a thinner margin, with just 4.5 modifications, extensions, repayment plans or reinstatements for each foreclosure in the second quarter.

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