Exhibit 99.1
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended August 31, |
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| For the Eight Months Ended August 31, | ||||||||||||
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| As a % |
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| As a % |
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| As a % |
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| As a % |
| 2005 |
| of Total |
| 2004 |
| of Total |
|
| 2005 |
| of Total |
| 2004 |
| of Total |
Non-conforming production volume |
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Non-conforming |
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Wholesale | $ 766,116 |
| 70% |
| $ 570,760 |
| 63% |
|
| $ 4,732,231 |
| 75% |
| $ 3,536,678 |
| 65% |
Correspondent/Bulk | 141,742 |
| 13% |
| 120,289 |
| 13% |
|
| 515,916 |
| 8% |
| 413,769 |
| 8% |
Retail * | 186,844 |
| 17% |
| 215,192 |
| 24% |
|
| 1,034,307 |
| 17% |
| 1,451,003 |
| 27% |
Total non-conforming production volume | $1,094,702 |
| 100% |
| $ 906,241 |
| 100% |
|
| $ 6,282,454 |
| 100% |
| $ 5,401,450 |
| 100% |
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# of funding days in the month | 23 |
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| 22 |
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| 169 |
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| 168 |
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Average originations per funding day | $ 47,596 |
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| $ 41,193 |
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| $ 37,174 |
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| $ 32,151 |
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Retail production volume * |
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Non-conforming |
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Sold to non-affiliates | $ 50,595 |
| 17% |
| $ 169,814 |
| 26% |
|
| $ 533,536 |
| 25% |
| $ 1,453,233 |
| 29% |
Retained by NMI | 186,844 |
| 63% |
| 215,192 |
| 33% |
|
| 1,034,307 |
| 50% |
| 1,451,003 |
| 29% |
Total non-conforming | 237,439 |
| 80% |
| 385,006 |
| 59% |
|
| 1,567,843 |
| 75% |
| 2,904,236 |
| 58% |
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Conforming/Government | 60,688 |
| 20% |
| 267,361 |
| 41% |
|
| 518,266 |
| 25% |
| 2,118,751 |
| 42% |
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Total retail production volume | $ 298,127 |
| 100% |
| $ 652,367 |
| 100% |
|
| $ 2,086,109 |
| 100% |
| $ 5,022,987 |
| 100% |
*Branch production volumes are considered a part of our retail operations and are included within the retail production volumes shown above.
NOVASTAR FINANCIAL, INC.
SELECTED NON-CONFORMING LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended 8/31/2005 |
| For the Month Ended 7/31/2005 |
| For the Month Ended 6/30/2005 | ||||||||||||||||||
| Weighted |
| Weighted |
| Weighted |
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|
| Weighted |
| Weighted |
| Weighted |
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| Weighted |
| Weighted |
| Weighted |
|
|
| Average |
| Average |
| Average |
| Percent |
| Average |
| Average |
| Average |
| Percent |
| Average |
| Average |
| Average |
| Percent |
| Coupon |
| LTV |
| FICO |
| of Total |
| Coupon |
| LTV |
| FICO |
| of Total |
| Coupon |
| LTV |
| FICO |
| of Total |
Summary by Credit Grade |
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660 and above | 6.93% |
| 82.2% |
| 702 |
| 33% |
| 6.89% |
| 83.0% |
| 700 |
| 33% |
| 7.07% |
| 83.9% |
| 703 |
| 34% |
620 to 659 | 7.33% |
| 81.7% |
| 640 |
| 24% |
| 7.22% |
| 83.3% |
| 640 |
| 26% |
| 7.35% |
| 83.4% |
| 639 |
| 25% |
580 to 619 | 7.60% |
| 81.4% |
| 599 |
| 22% |
| 7.54% |
| 81.7% |
| 600 |
| 20% |
| 7.65% |
| 82.4% |
| 600 |
| 19% |
540 to 579 | 8.18% |
| 80.7% |
| 559 |
| 13% |
| 8.04% |
| 80.7% |
| 559 |
| 14% |
| 8.19% |
| 81.0% |
| 560 |
| 15% |
539 and below | 8.64% |
| 78.4% |
| 528 |
| 8% |
| 8.71% |
| 78.3% |
| 528 |
| 7% |
| 8.81% |
| 77.8% |
| 528 |
| 7% |
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| 7.47% |
| 81.4% |
| 632 |
| 100% |
| 7.40% |
| 82.1% |
| 632 |
| 100% |
| 7.54% |
| 82.6% |
| 634 |
| 100% |
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Summary by Program Type |
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2-Year Fixed | 7.79% |
| 82.2% |
| 612 |
| 54% |
| 7.67% |
| 83.1% |
| 610 |
| 54% |
| 7.77% |
| 83.2% |
| 612 |
| 57% |
2-Year Fixed Interest-only | 6.95% |
| 82.0% |
| 659 |
| 21% |
| 6.75% |
| 81.6% |
| 663 |
| 21% |
| 6.88% |
| 81.9% |
| 673 |
| 21% |
3-Year Fixed | 7.26% |
| 78.3% |
| 624 |
| 1% |
| 7.00% |
| 76.2% |
| 613 |
| 2% |
| 7.19% |
| 80.3% |
| 624 |
| 1% |
3-Year Fixed Interest-only | 6.79% |
| 78.8% |
| 643 |
| 1% |
| 6.50% |
| 79.6% |
| 673 |
| 1% |
| 6.57% |
| 82.1% |
| 673 |
| 1% |
5-Year Fixed | 7.27% |
| 80.6% |
| 668 |
| 0% |
| 6.72% |
| 75.7% |
| 649 |
| 1% |
| 6.98% |
| 80.9% |
| 675 |
| 0% |
5-Year Fixed Interest-only | 6.70% |
| 76.6% |
| 669 |
| 1% |
| 6.53% |
| 78.1% |
| 678 |
| 1% |
| 6.87% |
| 80.4% |
| 682 |
| 0% |
15-Year Fixed | 7.97% |
| 74.7% |
| 647 |
| 2% |
| 7.59% |
| 75.5% |
| 656 |
| 2% |
| 8.09% |
| 78.9% |
| 646 |
| 2% |
30-Year Fixed | 6.99% |
| 75.1% |
| 644 |
| 13% |
| 7.03% |
| 76.3% |
| 641 |
| 12% |
| 7.17% |
| 77.1% |
| 642 |
| 12% |
30-Year Fixed Interest-only | 6.67% |
| 78.6% |
| 666 |
| 1% |
| 6.49% |
| 78.4% |
| 671 |
| 0% |
| 6.89% |
| 79.2% |
| 679 |
| 1% |
Other Products | 9.68% |
| 93.0% |
| 672 |
| 4% |
| 9.97% |
| 95.5% |
| 671 |
| 5% |
| 10.24% |
| 97.3% |
| 677 |
| 4% |
MTA | 1.64% |
| 79.1% |
| 703 |
| 2% |
| 1.81% |
| 75.4% |
| 716 |
| 1% |
| 2.27% |
| 81.4% |
| 693 |
| 1% |
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| 7.47% |
| 81.4% |
| 632 |
| 100% |
| 7.40% |
| 82.1% |
| 632 |
| 100% |
| 7.54% |
| 82.6% |
| 634 |
| 100% |
Weighted Average |
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Coupon Excluding MTA | 7.56% |
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| 7.47% |
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| 7.59% |
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