Doral Financial Corporation - DRL- Profile

Doral Financial Corporation. The Group's principal activities are to provide mortgage banking, banking, institutional securities operations and insurance agency activities. It is a financial holding company with the commercial banking activities conducted through its wholly owned subsidiaries, Doral Bank PR and Doral Bank, FSB. The mortgage banking activities are conducted through its HF Mortgage Bankers division, and through its subsidiaries, Doral Mortgage Corporation, Centro Hipotecario de Puerto Rico Inc and Sana Investment Mortgage Bankers Inc. As of 31-Dec-2006, the group operates 44 branches in Puerto Rico. The primary business of the Group includes origination, purchase, sale and servicing of mortgage loans. The Group also issues and sells various types of mortgage-backed securities and other investment securities. Provides mortgage banking, investment, broker-dealer and other banking services