Luminent Mortgage Capital Inc., San Francisco, has announced a $435 million repurchase agreement with Barclays Capital that will be used to acquire triple-A-rated mortgage-backed securities.The facility has a term of up to two years. The company said it will "help shield Luminent from liquidity risk" by diversifying its financing facilities and reducing its reliance on short-term repurchase financing. The company can be found online at http://www.luminentcapital.com.

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