Downey Financial Corp. operates as the holding company for Downey Savings and Loan Association, F.A. that provides various financial services to individual and corporate customers. It attracts funds from the general public and institutions; and originates and invests in loans, such as residential real estate mortgage loans, investment securities, and mortgage-backed securities; and originates and sells loans to investors in the secondary markets. The bank offers various deposit products, which include noninterest and interest-bearing checking accounts, money market accounts, and regular passbook accounts. It originates a portfolio of other loans, including multifamily loans, commercial...