Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended December 31, |
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| For the Twelve Months Ended December 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 | $ 576,147 |
| 78% |
| $ 529,634 |
| 73% |
|
| $ 6,981,943 |
| 75% |
| $ 5,513,841 |
| 65% |
Correspondent/Bulk | 62,515 |
| 8% |
| 72,842 |
| 10% |
|
| 779,897 |
| 9% |
| 845,557 |
| 10% |
Retail * | 101,460 |
| 14% |
| 126,238 |
| 17% |
|
| 1,521,298 |
| 16% |
| 2,064,963 |
| 25% |
Total non-conforming production volume | $ 740,122 |
| 100% |
| $ 728,714 |
| 100% |
|
| $ 9,283,138 |
| 100% |
| $ 8,424,361 |
| 100% |
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# of funding days in the month | 21 |
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| 22 |
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| 250 |
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| 250 |
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Average originations per funding day | $ 35,244 |
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| $ 33,123 |
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| $ 37,133 |
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| $ 33,697 |
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Retail production volume * |
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Non-conforming |
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Sold to non-affiliates | $ 19,391 |
| 13% |
| $ 145,699 |
| 34% |
|
| $ 706,957 |
| 24% |
| $ 2,031,420 |
| 29% |
Retained by NMI | 101,460 |
| 67% |
| 126,238 |
| 29% |
|
| 1,521,298 |
| 52% |
| 2,064,963 |
| 30% |
Total non-conforming | 120,851 |
| 80% |
| 271,937 |
| 63% |
|
| 2,228,255 |
| 76% |
| 4,096,383 |
| 59% |
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Conforming/Government | 30,629 |
| 20% |
| 158,900 |
| 37% |
|
| 684,108 |
| 24% |
| 2,845,146 |
| 41% |
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Total retail production volume | $ 151,480 |
| 100% |
| $ 430,837 |
| 100% |
|
| $ 2,912,363 |
| 100% |
| $ 6,941,529 |
| 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 12/31/2005 |
| For the Month Ended 11/30/2005 |
| For the Month Ended 10/31/2005 | ||||||||||||||||||
| Weighted |
| Weighted |
| Weighted |
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| Weighted |
| Weighted |
| Weighted |
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| Weighted |
| Weighted |
| Weighted |
|
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| 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 | 7.59% |
| 82.4% |
| 701 |
| 35% |
| 7.27% |
| 82.5% |
| 705 |
| 35% |
| 7.02% |
| 82.1% |
| 700 |
| 36% |
620 to 659 | 8.07% |
| 81.5% |
| 640 |
| 23% |
| 7.72% |
| 81.2% |
| 638 |
| 26% |
| 7.49% |
| 81.0% |
| 640 |
| 23% |
580 to 619 | 8.60% |
| 80.9% |
| 599 |
| 21% |
| 8.23% |
| 81.0% |
| 600 |
| 19% |
| 7.91% |
| 80.9% |
| 598 |
| 20% |
540 to 579 | 9.09% |
| 78.8% |
| 560 |
| 14% |
| 8.74% |
| 80.4% |
| 560 |
| 13% |
| 8.56% |
| 79.0% |
| 559 |
| 14% |
539 and below | 9.42% |
| 76.1% |
| 527 |
| 7% |
| 9.34% |
| 75.4% |
| 526 |
| 7% |
| 8.97% |
| 76.3% |
| 528 |
| 7% |
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| 8.24% |
| 81.0% |
| 634 |
| 100% |
| 7.90% |
| 81.1% |
| 636 |
| 100% |
| 7.67% |
| 80.7% |
| 633 |
| 100% |
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Summary by Program Type |
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2-Year Fixed | 8.60% |
| 80.9% |
| 611 |
| 54% |
| 8.25% |
| 81.1% |
| 613 |
| 53% |
| 8.03% |
| 81.0% |
| 608 |
| 52% |
2-Year Fixed Interest-only | 7.63% |
| 80.5% |
| 666 |
| 21% |
| 7.22% |
| 81.4% |
| 669 |
| 24% |
| 6.97% |
| 80.6% |
| 666 |
| 23% |
3-Year Fixed | 7.69% |
| 75.9% |
| 636 |
| 1% |
| 7.51% |
| 75.3% |
| 630 |
| 1% |
| 7.36% |
| 76.6% |
| 634 |
| 1% |
3-Year Fixed Interest-only | 7.15% |
| 78.2% |
| 668 |
| 0% |
| 6.97% |
| 80.7% |
| 675 |
| 1% |
| 7.04% |
| 78.2% |
| 659 |
| 1% |
5-Year Fixed | 6.43% |
| 58.8% |
| 664 |
| 0% |
| 7.34% |
| 77.7% |
| 646 |
| 0% |
| 7.19% |
| 72.7% |
| 664 |
| 0% |
5-Year Fixed Interest-only | 7.75% |
| 72.5% |
| 683 |
| 0% |
| 7.22% |
| 79.0% |
| 653 |
| 0% |
| 6.88% |
| 79.5% |
| 667 |
| 1% |
15-Year Fixed | 9.31% |
| 83.8% |
| 661 |
| 1% |
| 8.81% |
| 79.6% |
| 643 |
| 1% |
| 8.86% |
| 81.7% |
| 645 |
| 1% |
30-Year Fixed | 7.94% |
| 76.0% |
| 639 |
| 12% |
| 7.73% |
| 75.9% |
| 641 |
| 10% |
| 7.50% |
| 75.4% |
| 639 |
| 12% |
30-Year Fixed Interest-only | 7.69% |
| 76.2% |
| 647 |
| 0% |
| 7.13% |
| 71.6% |
| 666 |
| 1% |
| 6.87% |
| 73.3% |
| 691 |
| 1% |
Other Products | 9.62% |
| 91.2% |
| 666 |
| 9% |
| 9.52% |
| 91.3% |
| 664 |
| 7% |
| 9.88% |
| 94.5% |
| 668 |
| 6% |
MTA | 1.80% |
| 74.0% |
| 709 |
| 2% |
| 1.88% |
| 75.6% |
| 724 |
| 2% |
| 1.84% |
| 75.7% |
| 704 |
| 2% |
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| 8.24% |
| 81.0% |
| 634 |
| 100% |
| 7.90% |
| 81.1% |
| 636 |
| 100% |
| 7.67% |
| 80.7% |
| 633 |
| 100% |
Weighted Average |
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Coupon Excluding MTA | 8.40% |
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| 8.01% |
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| 7.79% |
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