Use access key #2 to skip to page content.
$0.22 0.00 (0.00%)
5/1/2008 4:00 PM

Luminent Mortgage Capital, Inc. (LUMC)

CAPS Rating:
*

A Real Estate Investment Trust, which, together with its subsidiaries, invests in two core mortgage investment strategies.

View All Commentary (LUMC)

Recs

0

Avatar flapjackjerry (49.37) Submitted: 7/19/07 2:17 PM : Outperform Start Price: $9.03 LUMC Score: -65.15

The subprime loan debacle should not have much of a negative impact on this stock because LUM does not originate loans. Therefore they can choose to have the loan originator buy back loans that are not performing.

Report this Post Replies: 1 | Reply

Avatar jlmjlm77 (55.59) Submitted: 7/24/07 2:00 PM

Recs: 0 | Rec This

What happens if the loan originator does not have the funds to buy back the loans? Any material exposure there?

Report this Post Reply

Featured Broker Partners