Items Tagged with 'Downey, California'


  • HW 30 lands in positive territory

    CoreLogic takes the prize, rising 19% on solid earnings
    In daily trading on the HW 30 Index, research and real estate data firm CoreLogic took the top prize Thursday, with the firm’s stock price up 19.81%, closing at $32.35 per share on solid quarterly earnings.
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  • Downey Gets Cease-and-Desist from OTS

    Troubles are continuing to mount at Newport Beach, Calif.-baed Downey Financial Corp. [stock DSL][/stock], with the Office of Thrift Supervision issuing a cease-and-desist order that represents regulators' latest attempt to put the screws to the troubled option ARM specialist.
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  • Downey: Growth in Non-Performing Assets Slows

    There is good news and bad news in the monthly report released Friday by option ARM specialist Downey Financial Corp. [stock DSL][/stock]. First, the good: growth in non-performing assets slowed dramatically during July, to just over 3 percent compared to June. And July's growth in NPAs was the slowest rate this year, by far; the previous low-growth month was May's 5.26 percent.
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  • Loan Production Lowest in Two Years at Downey Financial

    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.
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