Citigroup helped about 130,000 homeowners avoid foreclosure on mortgages valued at more than $20 billion in the third quarter, Citi reported today. Citi’s loss mitigation results outnumbered completed foreclosures by more than 15 to one, nearly four times the rate it reported in the third quarter of 2008.

Credit card delinquencies in the third quarter fell 6 percent, compared to the previous quarter, according to an analysis by TransUnion, one of the three U.S. credit bureaus. The results are somewhat encouraging; however, credit card issuers reported in recent days higher 30-day delinquencies for October.

The foreclosure crisis is taking a troubling turn. Even homeowners with good credit, and often employed, are walking away from their ‘underwater’ mortgages, experts are saying. And this trend can be seen in the hardest hit states, starting with Florida. One in four mortgages in Florida were either past due or in foreclosure, followed by Nevada, California and Arizona.

The mortgage delinquency rate reached a record 9.64 percent of all loans outstanding for the third quarter of this year, according to the Mortgage Bankers Association. That compares to 9.24 percent in the second quarter of this year, and 6.99 percent in the third quarter of last year.