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Home > Company Index > Financial Services > Mortgage Banking & Related Services > Long Beach Mortgage Company

Long Beach Mortgage Company
 PROFILE
They may not be able to afford beachfront property, but Long Beach Mortgage's customers do become homebuyers. A subsidiary of Washington Mutual, Long Beach Mortgage is one of the nation's leading subprime mortgage lenders, originating, purchasing, and selling subprime residential mortgages. The company's customers are individuals who have unfavorable credit histories, high debt-to-income ratios, or other issues that make it difficult for them to obtain mortgages through traditional channels. The company works through a nationwide network of independent loan brokers. Long Beach Mortgage sells its loans in the secondary market, retaining the servicing rights.

 COMPETITION
Countrywide Credit Industries, Inc. (CCR)
National City Corporation (NCC)
New Century Financial Corporation (NCEN)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 132.50
1-Yr. Sales Growth: 32.8%
Employees: 866
Revenue per employee: $153,002.31

 KEY PEOPLE
• M. Jack Mayesh
    CEO
• James H. Leonetti
    CFO

 CONTACT INFO
1100 Town and Country Rd., Ste. 1600
Orange, CA 92868
US
Phone: 714-541-5378
Fax: 714-560-0508
Online: Web Site

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