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Business Times - Singapore
Oct 20
Comment
LUM Chang Holdings' fully owned subsidiary Lum Chang Building Contractors (LCBC) has clinched a $46.5 million deal to build an industrial project of 10 blocks in Tuas for Dril-Quip Asia Pacific. The project is expected to be completed in 16 months.
Mortgage REIT Journal
Jul 14
Comment
Just an update on a few late Friday afternoon filings...
Thornburg Mortgage (TMA) entered into a consent with the majority participants in the Override Agreement to change the requirement that a successful tender offer for the preferred...
Mortgage REIT Journal
Apr 1
Comment
The most seriously injured mREITs belated reported in today, capped off by Thornburg Mortgage's (TMA) announcement that it had finally closed its Hail Mary debt deal.
Impac Mortgage (IMH) still can't file its 10-K (not that Impac was a timely...
Mortgage REIT Journal
Feb 2
Comment
Maybe it was just the rate cuts, maybe it was talk of a bailout for insurers, but money has been flowing into the Alt-A investors over the past two weeks.
Redwood Trust (RWT), which closed at $33.41 on January 22, has risen 34.5% since to close...
Mortgage REIT Journal
Jan 16
Comment
It's just a matter of time before the Big Board boots Luminent Mortgage Capital (LUM). The struggling mortgage REIT disclosed earlier today that the NYSE had notified it of its noncompliance with the share price deficiency rule, as LUM hasn't...
Mortgage REIT Journal
Nov 9
Comment
We've still got a few accelerated filers in the mREIT universe who have yet to report Q3 results, despite 5:30 p.m. today being the deadline for filing third quarter 10-Qs. None of the outstanding delinquents have good news to...
Random Roger's Big Picture
Aug 8
Comment
Add Luminent Mortgage and Impac Mortgage to the list of mortgage calamities. Also the market breadth has not been too hot.
Companies getting pasted and poor market internals is what happened back in the Internet meltdown too. This is just a...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS| This company has recently filed for protection under Chapter 11 of the U.S. Bankruptcy Code. |
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LUM AT A GLANCE
Headquartered in San Francisco, California, Luminent Mortgage Capital, Inc. (LUM) is an asset management company that operates as a real estate investment trust (REIT). Incorporated in April 2003, the company primarily engages in investments in prime whole loans, US agency and other highly-rated, single-family, adjustable-rate, hybrid adjustable-rate and fixed-rate mortgage-backed securities acquired in the secondary market. The company also invests in residential mortgage loans and securitizes them. In addition, LUM invests in MBS with credit ratings below AAA. The company also generates fee income from managing mortgage back securities for other companies or institutions.
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