Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended February 28, |
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| For the Two Months Ended February 28, | ||||||||||||
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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 | $ 402,430 |
| 77% |
| $ 480,438 |
| 74% |
|
| $ 832,684 |
| 76% |
| $ 926,810 |
| 75% |
Correspondent/Bulk | 42,819 |
| 8% |
| 97,348 |
| 15% |
|
| 105,564 |
| 10% |
| 146,540 |
| 12% |
Retail * | 76,573 |
| 15% |
| 71,907 |
| 11% |
|
| 155,280 |
| 14% |
| 166,000 |
| 13% |
Total non-conforming production volume | $ 521,822 |
| 100% |
| $ 649,693 |
| 100% |
|
| $ 1,093,528 |
| 100% |
| $ 1,239,350 |
| 100% |
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# of funding days in the month | 19 |
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| 19 |
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| 39 |
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| 39 |
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Average originations per funding day | $ 27,464 |
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| $ 34,194 |
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| $ 28,039 |
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| $ 31,778 |
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Retail production volume * |
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Non-conforming |
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Sold to non-affiliates | $ 18,733 |
| 15% |
| $ 110,131 |
| 44% |
|
| $ 33,528 |
| 14% |
| $ 213,736 |
| 39% |
Retained by NMI | 76,573 |
| 64% |
| 71,907 |
| 28% |
|
| 155,280 |
| 67% |
| 166,000 |
| 30% |
Total non-conforming | 95,306 |
| 79% |
| 182,038 |
| 72% |
|
| 188,808 |
| 81% |
| 379,736 |
| 69% |
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Conforming/Government | 24,707 |
| 21% |
| 71,448 |
| 28% |
|
| 44,986 |
| 19% |
| 167,156 |
| 31% |
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Total retail production volume | $ 120,013 |
| 100% |
| $ 253,486 |
| 100% |
|
| $ 233,794 |
| 100% |
| $ 546,892 |
| 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 2/28/2006 |
| For the Month Ended 1/28/2006 |
| For the Month Ended 12/31/2005 | ||||||||||||||||||
| 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 | 7.66% |
| 82.7% |
| 699 |
| 30% |
| 7.54% |
| 81.3% |
| 702 |
| 32% |
| 7.59% |
| 82.4% |
| 701 |
| 35% |
620 to 659 | 8.40% |
| 82.0% |
| 640 |
| 23% |
| 8.30% |
| 81.4% |
| 640 |
| 25% |
| 8.07% |
| 81.5% |
| 640 |
| 23% |
580 to 619 | 8.90% |
| 81.1% |
| 599 |
| 23% |
| 8.89% |
| 81.7% |
| 600 |
| 21% |
| 8.60% |
| 80.9% |
| 599 |
| 21% |
540 to 579 | 9.47% |
| 80.4% |
| 559 |
| 16% |
| 9.30% |
| 79.3% |
| 560 |
| 15% |
| 9.09% |
| 78.8% |
| 560 |
| 14% |
539 and below | 9.84% |
| 76.8% |
| 527 |
| 8% |
| 9.66% |
| 76.1% |
| 527 |
| 7% |
| 9.42% |
| 76.1% |
| 527 |
| 7% |
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| 8.57% |
| 81.3% |
| 627 |
| 100% |
| 8.44% |
| 80.7% |
| 631 |
| 100% |
| 8.24% |
| 81.0% |
| 634 |
| 100% |
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Summary by Program Type |
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2-Year Fixed | 8.95% |
| 81.4% |
| 607 |
| 58% |
| 8.84% |
| 81.1% |
| 609 |
| 58% |
| 8.60% |
| 80.9% |
| 611 |
| 54% |
2-Year Fixed Interest-only | 7.85% |
| 80.7% |
| 662 |
| 16% |
| 7.83% |
| 80.5% |
| 662 |
| 17% |
| 7.63% |
| 80.5% |
| 666 |
| 21% |
3-Year Fixed | 8.58% |
| 80.3% |
| 600 |
| 1% |
| 8.49% |
| 78.0% |
| 624 |
| 1% |
| 7.69% |
| 75.9% |
| 636 |
| 1% |
3-Year Fixed Interest-only | 7.48% |
| 85.2% |
| 708 |
| 0% |
| 7.43% |
| 72.5% |
| 671 |
| 1% |
| 7.15% |
| 78.2% |
| 668 |
| 0% |
5-Year Fixed | 7.98% |
| 81.7% |
| 657 |
| 1% |
| 6.63% |
| 71.4% |
| 685 |
| 0% |
| 6.43% |
| 58.8% |
| 664 |
| 0% |
5-Year Fixed Interest-only | 7.50% |
| 71.9% |
| 663 |
| 0% |
| 7.04% |
| 79.4% |
| 661 |
| 0% |
| 7.75% |
| 72.5% |
| 683 |
| 0% |
15-Year Fixed | 9.32% |
| 80.5% |
| 627 |
| 1% |
| 9.24% |
| 79.3% |
| 666 |
| 1% |
| 9.31% |
| 83.8% |
| 661 |
| 1% |
30-Year Fixed | 8.43% |
| 75.9% |
| 637 |
| 10% |
| 8.02% |
| 75.2% |
| 646 |
| 11% |
| 7.94% |
| 76.0% |
| 639 |
| 12% |
30-Year Fixed Interest-only | 8.31% |
| 78.1% |
| 705 |
| 0% |
| 7.73% |
| 80.3% |
| 673 |
| 0% |
| 7.69% |
| 76.2% |
| 647 |
| 0% |
Other Products | 9.67% |
| 89.6% |
| 651 |
| 10% |
| 9.72% |
| 89.7% |
| 659 |
| 8% |
| 9.62% |
| 91.2% |
| 666 |
| 9% |
MTA | 1.87% |
| 75.2% |
| 702 |
| 3% |
| 1.83% |
| 74.9% |
| 714 |
| 3% |
| 1.80% |
| 74.0% |
| 709 |
| 2% |
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| 8.57% |
| 81.3% |
| 627 |
| 100% |
| 8.44% |
| 80.7% |
| 631 |
| 100% |
| 8.24% |
| 81.0% |
| 634 |
| 100% |
Weighted Average |
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Coupon Excluding MTA | 8.78% |
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| 8.62% |
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| 8.40% |
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