Washington Mutual Inc. was rumored Monday to be considering the purchase of Long Beach (Calif.) Financial Corp. a subprime mortgage lender.

Analysts and executives of competitng firms said Washington Mutual, the nation's largest thrift, based in Seattle, may buy Long Beach, which made $752 million in loans during the first quarter, a 53% increase from a year ago.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.