CONFIRMING STATEMENT

This Statement confirms that the undersigned,
Joseph E. Whitters, has authorized and designated Christopher J. Zyda and
Karen Chang, signing singly, to execute and file on the undersigned's
behalf all Forms 3, 4 and 5 (including any amendments thereto) that the
undersigned may be required to file with the U.S. Securities and Exchange
Commission as a result of the undersigned's ownership of or transactions in
securities of Luminent Mortgage Capital, Inc.  The authority of each of the
attorneys-in-fact under this Statement shall continue until the undersigned
is no longer required to file Forms 3, 4 and 5 with regard to the
undersigned's ownership of or transactions in securities of Luminent
Mortgage Capital, Inc., unless earlier revoked in writing.  The undersigned
acknowledges that none of the aforementioned attorneys-in-fact is assuming
any of the undersigned's responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934.


Date:  November 22, 2005

/s/ JOSEPH E. WHITTERS