Nonperforming assets at Downey Financial of Newport Beach, Calif., climbed to 13.24% at the end of April, a 45% increase over the past three months. At month's end, Downey had $13.15 billion in assets on its balance sheet which means $1.74 billion are in some stage of delinquency. Roughly 4.6% of its assets fall into a category it calls "performing trouble debt restructurings." During the month Downey originated $281.7 million in new one-to-four family loans, compared to $232.1 million in March. The thrift services $5.44 billion in loans for others.
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