Gov. Fortuño signs foreclosure mediation law
August 21, 2012
Despite intense last minute lobbying by Puerto Rico's banking sector, Gov. Luis G. Fortuño has signed a law requiring that all foreclosure proceedings of a primary residence include compulsory mediation. The law is effective in July 2013.
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Signing deadline looms for bill mandating foreclosure mediation
August 16, 2012
A bill establishing mandatory mediation in foreclosures of a primary residence seemed a shoe-in for the governor's signature, but now the anticipated outcome is not so certain.
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Doral loses $1.6M in 2Q ’12, signs consent decree with regulators
August 9, 2012
Doral Financial Corporation, parent company of Doral Bank, lost $1.6 million during the second quarter ended June 30, and announced it entered into a Consent Order with the Federal Deposit Insurance Corporation and the Office of the Puerto Rico Commissioner of Financial Institutions Wednesday.
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