Zacks Investment Research downgraded shares of DORAL FINL CORP (DRL) from NEUTRAL to UNDERPERFORM on August 14, 2012, with a target price of $1.00.
Doral Financial Corporation is primarily engaged in a wide range of mortgage banking activities, including the origination, purchase, sale and servicing of mortgage loans on single-family residences, the issuance and sale of various types of mortgage-backed securities, the holding and financing of mortgage loans, mortgage-backed securities and other investment securities for sale or investment, the purchase and sale of servicing rights associated with such mortgage loans and, to a lesser extent, the origination of construction loans and mortgage loans.
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