$1.0 billion November originations
By MortgageDaily.com staff
12/13/2005

Downey Financial Corp.'s volume drifted down at for the third consecutive month.

Single-family loan production in November neared $1.0 billion, off about $0.1 billion from a month earlier and down $0.4 billion from a year ago, according to Downey's selected financial data report released today.

Fundings have slipped each month since August.

The Newport Beach, Calif.-based company said the latest numbers included over $0.02 billion in subprime loans.

Mortgage loans serviced for others totaled $10.5 billion at month's end, Downey reported.

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