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Market Commentary on Doral Financial Corp.

Publication: M2 Presswire
Publication Date: 29-DEC-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 December 2006-Small Cap News: Market Commentary on Doral Financial Corp.(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:29122006

The Caribbean is home to more than just sun and fun. Doral Financial (NYSE:DRL) is one of the leading mortgage banking institutions in Puerto Rico. The firm writes, buys, and sells mortgages on single-family residences and issues mortgage-backed securities for sale and investment. It also purchases and sells the servicing rights to residential mortgage loans, construction loans, and loans secured by commercial real estate. Almost all loans are written in Puerto Rico, but the firm also has operations in New York. Subsidiary Doral Securities offers institutional brokerage, advisory, and investment banking services. Doral Financial also owns Doral Bank and Doral Insurance Agency.

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