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  <TITLE> Luminent Mortgage Capital, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	October 31, 2006
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  	Luminent Mortgage Capital, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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  	Maryland
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  	012-36309
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  	06-1694835
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	101 California Street, Suite 1350, San Francisco, California
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  	94111
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	415 217-4500
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
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  Effective March 13, 2007, the Board of Directors appointed Frank L. Raiter, age 59, as an additional independent director and member of the Governance and Nominating Committee of the Board of Directors.  Mr. Raiter currently serves on the Board of Directors of Clayton Holdings Inc.  Mr. Raiter served as Managing Director of Standard & Poor's Ratings Group from March 1995 to April 2005.  Previously, Mr. Raiter was the Chief Investment Officer and Treasurer of Caliber Bank in Phoenix, Arizona, and served as the Assistant Director, Office of Securities Transactions, of the Resolution Trust Corporation.  Mr. Raiter earned a B.A. of Economics with honors from North Carolina State University and his MBA in Finance from the University of North Carolina Chapel Hill.  Mr. Raiter also served as Captain and Company Commander in the United States Marine Corps.  <br><br>A copy of the press release issued by Luminent announcing the appointment of Mr. Raiter is attached as an exhibit to this report.
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  	Item 9.01 Financial Statements and Exhibits.
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  Exhibits<br><br>99.1  Press release dated November 3, 2006
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Luminent Mortgage Capital, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	November 6, 2006
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  <I>
  	By:
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  <I>
  	/s/ Christopher J. Zyda
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  	&nbsp;
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  <I>
  	Name: Christopher J. Zyda
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	99.1
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  	&nbsp;
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  Press Release dated November 3, 2006
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_16084.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10803}]
metadata_filer: {"company-data": {"conformed-name": "LUMINENT MORTGAGE CAPITAL INC", "cik": "0001236309", "assigned-sic": "6798", "irs-number": "061694835", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31828", "film-number": "061189004"}, "business-address": {"street1": "ONE MARKET, SPEAR TOWER", "street2": "30TH FLOOR", "city": "SAN FRANCISCO", "state": "CA", "zip": "94105", "phone": "415-978-3000"}, "mail-address": {"street1": "ONE MARKET, SPEAR TOWER", "street2": "30TH FLOOR", "city": "SAN FRANCISCO", "state": "CA", "zip": "94105"}}
text: Luminent Mortgage Capital, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  October 31, 2006
  Luminent Mortgage Capital, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Maryland
  012-36309
  06-1694835
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  101 California Street, Suite 1350, San Francisco, California
  94111
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  415 217-4500
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
  Effective March 13, 2007, the Board of Directors appointed Frank L. Raiter, age 59, as an additional independent director and member of the Governance and Nominating Committee of the Board of Directors.  Mr. Raiter currently serves on the Board of Directors of Clayton Holdings Inc.  Mr. Raiter served as Managing Director of Standard & Poor's Ratings Group from March 1995 to April 2005.  Previously, Mr. Raiter was the Chief Investment Officer and Treasurer of Caliber Bank in Phoenix, Arizona, and served as the Assistant Director, Office of Securities Transactions, of the Resolution Trust Corporation.  Mr. Raiter earned a B.A. of Economics with honors from North Carolina State University and his MBA in Finance from the University of North Carolina Chapel Hill.  Mr. Raiter also served as Captain and Company Commander in the United States Marine Corps.
  A copy of the press release issued by Luminent announcing the appointment of Mr. Raiter is attached as an exhibit to this report.
  Item 9.01 Financial Statements and Exhibits.
  Exhibits
  99.1  Press release dated November 3, 2006
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Luminent Mortgage Capital, Inc.
  November 6, 2006
  By:
  /s/ Christopher J. Zyda
  Name: Christopher J. Zyda
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Press Release dated November 3, 2006