Downey Financial, the parent company of West Coast option-ARM specialist Downey Savings, reported today that loan production dropped 19 percent in November to its lowest amount in two years. Loan production was reported at just over $171 million, versus $210 million in October. The currently reported loan production results are a far cry from a year ago, when Downey produced nearly $600 million in residential one-to-four loans. Non-permforming loans have more than doubled at Downey since November 2005, reaching nearly $91 million of the company's $16.5 billion in assets. Non-performing loans represented 0.55 percent of assets in November, up from 0.47 percent a month ago and continuing an upward trend that began in June of this year.