Exhibit 99.1
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended January 31, | ||||||
|
|
| As a % |
|
|
| As a % |
| 2006 |
| of Total |
| 2005 |
| of Total |
Non-conforming production volume |
|
|
|
|
|
|
|
Non-conforming |
|
|
|
|
|
|
|
Wholesale | $ 430,254 |
| 75% |
| $ 446,372 |
| 76% |
Correspondent/Bulk | 62,745 |
| 11% |
| 49,193 |
| 8% |
Retail * | 78,707 |
| 14% |
| 94,093 |
| 16% |
Total non-conforming production volume | $ 571,706 |
| 100% |
| $ 589,658 |
| 100% |
|
|
|
|
|
|
|
|
# of funding days in the month | 20 |
|
|
| 20 |
|
|
Average originations per funding day | $ 28,585 |
|
|
| $ 29,483 |
|
|
|
|
|
|
|
|
|
|
Retail production volume * |
|
|
|
|
|
|
|
Non-conforming |
|
|
|
|
|
|
|
Sold to non-affiliates | $ 14,795 |
| 13% |
| $ 103,605 |
| 35% |
Retained by NMI | 78,707 |
| 69% |
| 94,093 |
| 32% |
Total non-conforming | 93,502 |
| 82% |
| 197,698 |
| 67% |
|
|
|
|
|
|
|
|
Conforming/Government | 20,279 |
| 18% |
| 95,708 |
| 33% |
|
|
|
|
|
|
|
|
Total retail production volume | $ 113,781 |
| 100% |
| $ 293,406 |
| 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 1/31/2006 |
| For the Month Ended 12/31/2005 |
| For the Month Ended 11/30/2005 | ||||||||||||||||||
| 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 | 7.54% |
| 81.3% |
| 702 |
| 32% |
| 7.59% |
| 82.4% |
| 701 |
| 35% |
| 7.27% |
| 82.5% |
| 705 |
| 35% |
620 to 659 | 8.30% |
| 81.4% |
| 640 |
| 25% |
| 8.07% |
| 81.5% |
| 640 |
| 23% |
| 7.72% |
| 81.2% |
| 638 |
| 26% |
580 to 619 | 8.89% |
| 81.7% |
| 600 |
| 21% |
| 8.60% |
| 80.9% |
| 599 |
| 21% |
| 8.23% |
| 81.0% |
| 600 |
| 19% |
540 to 579 | 9.30% |
| 79.3% |
| 560 |
| 15% |
| 9.09% |
| 78.8% |
| 560 |
| 14% |
| 8.74% |
| 80.4% |
| 560 |
| 13% |
539 and below | 9.66% |
| 76.1% |
| 527 |
| 7% |
| 9.42% |
| 76.1% |
| 527 |
| 7% |
| 9.34% |
| 75.4% |
| 526 |
| 7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8.44% |
| 80.7% |
| 631 |
| 100% |
| 8.24% |
| 81.0% |
| 634 |
| 100% |
| 7.90% |
| 81.1% |
| 636 |
| 100% |
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
|
Summary by Program Type |
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|
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|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
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|
|
2-Year Fixed | 8.84% |
| 81.1% |
| 609 |
| 58% |
| 8.60% |
| 80.9% |
| 611 |
| 54% |
| 8.25% |
| 81.1% |
| 613 |
| 53% |
2-Year Fixed Interest-only | 7.83% |
| 80.5% |
| 662 |
| 17% |
| 7.63% |
| 80.5% |
| 666 |
| 21% |
| 7.22% |
| 81.4% |
| 669 |
| 24% |
3-Year Fixed | 8.49% |
| 78.0% |
| 624 |
| 1% |
| 7.69% |
| 75.9% |
| 636 |
| 1% |
| 7.51% |
| 75.3% |
| 630 |
| 1% |
3-Year Fixed Interest-only | 7.43% |
| 72.5% |
| 671 |
| 1% |
| 7.15% |
| 78.2% |
| 668 |
| 0% |
| 6.97% |
| 80.7% |
| 675 |
| 1% |
5-Year Fixed | 6.63% |
| 71.4% |
| 685 |
| 0% |
| 6.43% |
| 58.8% |
| 664 |
| 0% |
| 7.34% |
| 77.7% |
| 646 |
| 0% |
5-Year Fixed Interest-only | 7.04% |
| 79.4% |
| 661 |
| 0% |
| 7.75% |
| 72.5% |
| 683 |
| 0% |
| 7.22% |
| 79.0% |
| 653 |
| 0% |
15-Year Fixed | 9.24% |
| 79.3% |
| 666 |
| 1% |
| 9.31% |
| 83.8% |
| 661 |
| 1% |
| 8.81% |
| 79.6% |
| 643 |
| 1% |
30-Year Fixed | 8.02% |
| 75.2% |
| 646 |
| 11% |
| 7.94% |
| 76.0% |
| 639 |
| 12% |
| 7.73% |
| 75.9% |
| 641 |
| 10% |
30-Year Fixed Interest-only | 7.73% |
| 80.3% |
| 673 |
| 0% |
| 7.69% |
| 76.2% |
| 647 |
| 0% |
| 7.13% |
| 71.6% |
| 666 |
| 1% |
Other Products | 9.72% |
| 89.7% |
| 659 |
| 8% |
| 9.62% |
| 91.2% |
| 666 |
| 9% |
| 9.52% |
| 91.3% |
| 664 |
| 7% |
MTA | 1.83% |
| 74.9% |
| 714 |
| 3% |
| 1.80% |
| 74.0% |
| 709 |
| 2% |
| 1.88% |
| 75.6% |
| 724 |
| 2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8.44% |
| 80.7% |
| 631 |
| 100% |
| 8.24% |
| 81.0% |
| 634 |
| 100% |
| 7.90% |
| 81.1% |
| 636 |
| 100% |
Weighted Average |
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|
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|
|
|
|
|
|
|
|
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|
|
|
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|
|
Coupon Excluding MTA | 8.62% |
|
|
|
|
|
|
| 8.40% |
|
|
|
|
|
|
| 8.01% |
|
|
|
|
|
|