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Industry Center - Mortgage Investment
Industry Center > Mortgage Investment > Long Beach Mortgage Company Company Profile
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Long Beach Mortgage Company 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 (WaMu), Long Beach Mortgage is one of the nation's leading wholesale subprime lenders, originating, purchasing, and selling subprime residential mortgages and home equity loans. 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. Long Beach Mortgage, working through a nationwide network of independent loan brokers, usually sells its loans into the secondary market, while retaining the servicing rights.
Headlines for Long Beach Mortgage Company
Run from Cuba, Americans cling to claims for seized property
- Sat 12:11 pm ET
Contact Information
Address: 1400 S. Douglass Rd., Ste. 100
Anaheim, CA 92806
Financial Highlights
Fiscal Year End:December
Revenue (2007):257.50 M
Employees (2007):984
Key People
President: David C. Schneider
Industry Information
Sector: Financial
Industry: Mortgage Investment
Top Competitors
Accredited Home Lenders Holding Co.
Bank of America Corporation (bac)
Wells Fargo Home Mortgage

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