Based on the information provided, Doral Bank seems to have a stable loan portfolio, with a majority of mortgages being 30-year fixed-rate loans with a 20% down payment and no rate adjustments. The bank estimates its Loan-to-Value ratio to be just under 80%, and it believes that only 1% of its borrowers are underwater. Additionally, the bank has been working with borrowers who are past due on their payments, and only 30% of loans past due for 240 days actually go to foreclosure.

In terms of the Puerto Rican economy, while it is not experiencing significant growth, it is not getting worse either. Retail sales are flat, and the unemployment rate has stabilized. The US government has a strong interest in stabilizing the Puerto Rican economy for security reasons, and there have been favorable credit rating upgrades for Puerto Rico’s government debt.

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