Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended November 30, |
|
| For the Eleven Months Ended November 30, | ||||||||||||
|
|
| As a % |
|
|
| As a % |
|
|
|
| As a % |
|
|
| As a % |
| 2005 |
| of Total |
| 2004 |
| of Total |
|
| 2005 |
| of Total |
| 2004 |
| of Total |
Non-conforming production volume |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-conforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale | $ 525,815 |
| 74% |
| $ 474,932 |
| 68% |
|
| $ 6,405,796 |
| 75% |
| $ 4,984,206 |
| 65% |
Correspondent/Bulk | 70,860 |
| 10% |
| 80,781 |
| 12% |
|
| 717,382 |
| 8% |
| 772,716 |
| 10% |
Retail * | 117,358 |
| 16% |
| 137,323 |
| 20% |
|
| 1,419,838 |
| 17% |
| 1,938,725 |
| 25% |
Total non-conforming production volume | $ 714,033 |
| 100% |
| $ 693,036 |
| 100% |
|
| $ 8,543,016 |
| 100% |
| $ 7,695,647 |
| 100% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
# of funding days in the month | 19 |
|
|
| 19 |
|
|
|
| 229 |
|
|
| 228 |
|
|
Average originations per funding day | $ 37,581 |
|
|
| $ 36,476 |
|
|
|
| $ 37,306 |
|
|
| $ 33,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail production volume * |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-conforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sold to non-affiliates | $ 75,527 |
| 34% |
| $ 153,467 |
| 32% |
|
| $ 687,566 |
| 25% |
| $ 1,885,721 |
| 29% |
Retained by NMI | 117,358 |
| 52% |
| 137,323 |
| 28% |
|
| 1,419,838 |
| 51% |
| 1,938,725 |
| 30% |
Total non-conforming | 192,885 |
| 86% |
| 290,790 |
| 60% |
|
| 2,107,404 |
| 76% |
| 3,824,446 |
| 59% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conforming/Government | 32,131 |
| 14% |
| 196,867 |
| 40% |
|
| 653,479 |
| 24% |
| 2,686,246 |
| 41% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total retail production volume | $ 225,016 |
| 100% |
| $ 487,657 |
| 100% |
|
| $ 2,760,883 |
| 100% |
| $ 6,510,692 |
| 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 11/30/2005 |
| For the Month Ended 10/31/2005 |
| For the Month Ended 9/30/2005 | ||||||||||||||||||
| Weighted |
| Weighted |
| Weighted |
|
|
| Weighted |
| Weighted |
| Weighted |
|
|
| 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
660 and above | 7.27% |
| 82.5% |
| 705 |
| 35% |
| 7.02% |
| 82.1% |
| 700 |
| 36% |
| 7.14% |
| 82.7% |
| 699 |
| 33% |
620 to 659 | 7.72% |
| 81.2% |
| 638 |
| 26% |
| 7.49% |
| 81.0% |
| 640 |
| 23% |
| 7.40% |
| 81.7% |
| 639 |
| 24% |
580 to 619 | 8.23% |
| 81.0% |
| 600 |
| 19% |
| 7.91% |
| 80.9% |
| 598 |
| 20% |
| 7.82% |
| 81.8% |
| 600 |
| 22% |
540 to 579 | 8.74% |
| 80.4% |
| 560 |
| 13% |
| 8.56% |
| 79.0% |
| 559 |
| 14% |
| 8.41% |
| 79.8% |
| 559 |
| 14% |
539 and below | 9.34% |
| 75.4% |
| 526 |
| 7% |
| 8.97% |
| 76.3% |
| 528 |
| 7% |
| 8.91% |
| 75.6% |
| 528 |
| 7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7.90% |
| 81.1% |
| 636 |
| 100% |
| 7.67% |
| 80.7% |
| 633 |
| 100% |
| 7.65% |
| 81.4% |
| 632 |
| 100% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary by Program Type |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2-Year Fixed | 8.25% |
| 81.1% |
| 613 |
| 53% |
| 8.03% |
| 81.0% |
| 608 |
| 52% |
| 7.91% |
| 82.0% |
| 612 |
| 53% |
2-Year Fixed Interest-only | 7.22% |
| 81.4% |
| 669 |
| 24% |
| 6.97% |
| 80.6% |
| 666 |
| 23% |
| 7.00% |
| 81.4% |
| 662 |
| 24% |
3-Year Fixed | 7.51% |
| 75.3% |
| 630 |
| 1% |
| 7.36% |
| 76.6% |
| 634 |
| 1% |
| 7.55% |
| 78.9% |
| 619 |
| 2% |
3-Year Fixed Interest-only | 6.97% |
| 80.7% |
| 675 |
| 1% |
| 7.04% |
| 78.2% |
| 659 |
| 1% |
| 6.91% |
| 82.0% |
| 686 |
| 1% |
5-Year Fixed | 7.34% |
| 77.7% |
| 646 |
| 0% |
| 7.19% |
| 72.7% |
| 664 |
| 0% |
| 7.36% |
| 78.1% |
| 663 |
| 0% |
5-Year Fixed Interest-only | 7.22% |
| 79.0% |
| 653 |
| 0% |
| 6.88% |
| 79.5% |
| 667 |
| 1% |
| 6.61% |
| 75.3% |
| 668 |
| 0% |
15-Year Fixed | 8.81% |
| 79.6% |
| 643 |
| 1% |
| 8.86% |
| 81.7% |
| 645 |
| 1% |
| 7.79% |
| 72.0% |
| 643 |
| 1% |
30-Year Fixed | 7.73% |
| 75.9% |
| 641 |
| 10% |
| 7.50% |
| 75.4% |
| 639 |
| 12% |
| 7.29% |
| 75.2% |
| 640 |
| 12% |
30-Year Fixed Interest-only | 7.13% |
| 71.6% |
| 666 |
| 1% |
| 6.87% |
| 73.3% |
| 691 |
| 1% |
| 6.89% |
| 73.3% |
| 651 |
| 1% |
Other Products | 9.52% |
| 91.3% |
| 664 |
| 7% |
| 9.88% |
| 94.5% |
| 668 |
| 6% |
| 9.80% |
| 94.7% |
| 665 |
| 5% |
MTA | 1.88% |
| 75.6% |
| 724 |
| 2% |
| 1.84% |
| 75.7% |
| 704 |
| 2% |
| 1.73% |
| 76.1% |
| 702 |
| 1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7.90% |
| 81.1% |
| 636 |
| 100% |
| 7.67% |
| 80.7% |
| 633 |
| 100% |
| 7.65% |
| 81.4% |
| 632 |
| 100% |
Weighted Average |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coupon Excluding MTA | 8.01% |
|
|
|
|
|
|
| 7.79% |
|
|
|
|
|
|
| 7.69% |
|
|
|
|
|
|