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
|