Nearly four out every five Connecticut residents who completed the state's foreclosure-mediation program wound up keeping their homes or making a graceful exit, according to a report released Thursday by the Federal Reserve Bank of Boston.

The report, "State Foreclosure Efforts in New England: Mediation and Assistance," said Connecticut's foreclosure-prevention program - one of the first and most comprehensive in the nation - resulted over a three-year period in 64 percent of people retaining their homes and 15 percent backing out of mortgages through bank-supported short sales, debt forgiveness and other means.

"Connecticut's mediation program appears to be quite successful in meeting its objectives," according to a summary of the report penned by Fed policy analyst Robert Clifford. 

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