NYT :: Business

Risky Loans Hurt Lender in California

Downey has been racked by the mortgage crisis and federal regulators ordered it to shore up its finances and provide a detailed plan to reduce its assets and strengthen management.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/09/06/business/06downey.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/09/06/business/06downey.html" border="0"/></a></span>