610 Credit Mortgage Score Second

Luminent Mortgage Capital, Inc. Second Quarter Earnings ...

SAN FRANCISCO, Aug. 9 /PRNewswire-FirstCall/ -- Luminent Mortgage Capital, Inc. LUM today reported net income for the quarter ended June 30, 2006 of $17.6 million, or $0.45 per share and REIT taxable net income for the quarter of $11.2 million, or $0.29 per share. REIT taxable net income per share increased 38% versus the first quarter of 2006 and 21% year-over-year. REIT taxable net income is the basis upon which Luminent determines its dividends. The difference between GAAP net income and REIT taxable net income is due to a variety of factors, as detailed in the additional financial information provided on pages seven and eight of this release.

Luminent declared a second quarter dividend of $0.20 per share which was paid on July 24, 2006 to stockholders of record on June 22, 2006.

Sterling Financial Corporation of Spokane, Washington, Announces ...

SPOKANE, Wash., Aug. 4 /PRNewswire-FirstCall/ -- Sterling Financial Corporation (Nasdaq: STSA - News) today announced that INTERVEST-Mortgage Investment Company ("INTERVEST"), a wholly owned subsidiary of Sterling Savings Bank, has acquired the servicing portfolio and other assets of Mason-McDuffie Financial Corporation, a well known mortgage banking operation in Northern California.

In connection with the transaction, which closed on July 31, 2006, INTERVEST acquired certain assets of the Mason-McDuffie Financial Corporation, including the name. The Mason-McDuffie name has been synonymous with real estate in the Northern California area since 1887. Located in Oakland, California, Mason-McDuffie services over $625,000,000 of commercial real estate loans for several life insurance companies.

Northwest Airlines 2Q Loss Widens

EAGAN, Minn. -- Northwest Airlines Corp., which has been operating under Chapter 11 bankruptcy protection, on Monday posted a wider second-quarter loss as restructuring costs mount.

After paying dividends on preferred stock, losses totaled $285 million, or $3.27 per share, foe the three months ended June 30 compared with $234 million, or $2.69 per share, in the prior-year quarter.

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