Luminent Mortgage Capital, Inc. (fka LUMCQ)

[I-Man]

.75% interest rate cut by Feds should have some impact for companies with loans on the book, as though banks are not generally lending new monies out still, they are trying to refinance everything on the books with existing homeowners, and this event could benefit LUM and many others in time in all honestly as you creatively erase a lot of "supposed" debt off the books (increasing bottom lines) by basically seeing the banks willing to lend at lower % rate than before but yet the loans still good and being serviced by borrowers and loan balances reduced substantially........

We will have to see.