Doral Financial Corporation Reports Results for 2007 Third Quarter

Business Wire, Nov 12, 2007

Forward Looking Statements

This press release contains forward-looking statements. In addition, Doral Financial may make forward-looking statements in its press releases or in other public or shareholder communications and its senior management may make forward-looking statements orally to analysts, investors, the media and others. These "forward-looking statements" are identified by the use of words or phrases such as "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project" or similar expressions.

Doral Financial cautions readers not to place undue reliance on any of these forward-looking statements since they speak only as of the date made and represent Doral Financial's expectations of future conditions or results and are not guarantees of future performance. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, the following:

* the relative strength or weakness of the Puerto Rico and the United States economies;

* changes in interest rates and the potential impact of such changes in interest rates on Doral Financial's net interest income;

* the performance of U.S. capital markets;

* the fiscal and monetary policy of the federal government and its agencies;

* the relative strength or weakness of the real estate markets and of the consumer or commercial credit sectors and its impact in the credit quality of Doral Financial's loans and other assets;

* Doral Financial's ability to derive sufficient income to realize the benefit of its deferred tax assets;

* potential adverse development from ongoing enforcement actions by bank regulatory agencies;

* risks arising from material weaknesses in Doral Financial's internal control over financial reporting; and

* developments in the regulatory and legal environment for financial services companies in Puerto Rico and the United States.

Doral Financial does not undertake and specifically disclaims any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of those statements.

Investors should carefully consider these factors and the risk factors outlined under Item 1A, Risk Factors, in Doral Financial's 2006 Annual Report on Form 10-K.