Doral Financial Corp., San Juan, Puerto Rico, has announced the signing of consent orders with banking regulators that assess no monetary penalties but restrict its payment of dividends and require it to review its mortgage portfolio and submit plans on maintaining capital adequacy and liquidity.The orders -- with the Federal Reserve Board, the Federal Deposit Insurance Corp., and the Commissioner of Financial Institutions of Puerto Rico -- arise out of Doral's Feb. 27 restatement of earnings for 2000-2004 to correct the accounting for certain mortgage loan sales and the valuation of its interest-only strips, the company said. Doral and its principal Puerto Rico banking subsidiary, Doral Bank, "neither admit nor deny any unsafe and unsound banking practices" under the terms of the consent orders, Doral said. Doral Bank FSB, Doral's New York City-based thrift, is not a party to the orders. Doral can be found online at http://www.doralfinancial.com.

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