Downey financial just posted update for non-performing assets:

  • June 1.81%
  • August 2.27%
  • September 2.94%
  • October 3.86%
  • November 5.77%
  • December 7.77%
  • January 9.14%

Let’s try to make a prediction – when exactly they will go under? I will take few hours myself to think