Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended March 31, |
|
| For the Three Months Ended March 31, | ||||||||||||
|
|
| As a % |
|
|
| As a % |
|
|
|
| As a % |
|
|
| As a % |
| 2006 (A) |
| of Total |
| 2005 |
| of Total |
|
| 2006 (A) |
| of Total |
| 2005 |
| of Total |
Non-conforming production volume |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-conforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale | $ 570,966 |
| 77% |
| $ 544,936 |
| 77% |
|
| $ 1,403,650 |
| 76% |
| $ 1,471,746 |
| 76% |
Correspondent/Bulk | 76,921 |
| 10% |
| 38,317 |
| 5% |
|
| 182,485 |
| 10% |
| 184,858 |
| 9% |
Retail (B) | 93,410 |
| 13% |
| 125,247 |
| 18% |
|
| 248,690 |
| 14% |
| 291,247 |
| 15% |
Total non-conforming production volume | $ 741,297 |
| 100% |
| $ 708,500 |
| 100% |
|
| $ 1,834,825 |
| 100% |
| $ 1,947,851 |
| 100% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
# of funding days in the month | 23 |
|
|
| 23 |
|
|
|
| 62 |
|
|
| 62 |
|
|
Average originations per funding day | $ 32,230 |
|
|
| $ 30,804 |
|
|
|
| $ 29,594 |
|
|
| $ 31,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail production volume (B) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-conforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sold to non-affiliates | $ 13,912 |
| 11% |
| $ 71,454 |
| 26% |
|
| $ 47,440 |
| 13% |
| $ 285,190 |
| 35% |
Retained by NMI | 93,410 |
| 72% |
| 125,247 |
| 45% |
|
| 248,690 |
| 69% |
| 291,247 |
| 35% |
Total non-conforming | 107,322 |
| 83% |
| 196,701 |
| 71% |
|
| 296,130 |
| 82% |
| 576,437 |
| 70% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conforming/Government | 21,761 |
| 17% |
| 79,684 |
| 29% |
|
| 66,747 |
| 18% |
| 246,840 |
| 30% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total retail production volume | $ 129,083 |
| 100% |
| $ 276,385 |
| 100% |
|
| $ 362,877 |
| 100% |
| $ 823,277 |
| 100% |
| (A) | Does not include approximately $987 million in bulk purchased MTA loans during the period. |
| (B) | 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 3/31/2006 (A) |
| For the Month Ended 2/28/2006 |
| For the Month Ended 1/28/2006 | ||||||||||||||||||
| 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 | 7.76% |
| 82.5% |
| 700 |
| 31% |
| 7.66% |
| 82.7% |
| 699 |
| 30% |
| 7.54% |
| 81.3% |
| 702 |
| 32% |
620 to 659 | 8.47% |
| 82.7% |
| 639 |
| 23% |
| 8.40% |
| 82.0% |
| 640 |
| 23% |
| 8.30% |
| 81.4% |
| 640 |
| 25% |
580 to 619 | 8.86% |
| 82.8% |
| 598 |
| 23% |
| 8.90% |
| 81.1% |
| 599 |
| 23% |
| 8.89% |
| 81.7% |
| 600 |
| 21% |
540 to 579 | 9.35% |
| 80.1% |
| 560 |
| 16% |
| 9.47% |
| 80.4% |
| 559 |
| 16% |
| 9.30% |
| 79.3% |
| 560 |
| 15% |
539 and below | 9.68% |
| 75.8% |
| 527 |
| 7% |
| 9.84% |
| 76.8% |
| 527 |
| 8% |
| 9.66% |
| 76.1% |
| 527 |
| 7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8.57% |
| 81.7% |
| 627 |
| 100% |
| 8.57% |
| 81.3% |
| 627 |
| 100% |
| 8.44% |
| 80.7% |
| 631 |
| 100% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary by Program Type |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2-Year Fixed | 8.91% |
| 81.6% |
| 608 |
| 56% |
| 8.95% |
| 81.4% |
| 607 |
| 58% |
| 8.84% |
| 81.1% |
| 609 |
| 58% |
2-Year Fixed Interest-only | 8.00% |
| 81.4% |
| 665 |
| 16% |
| 7.85% |
| 80.7% |
| 662 |
| 16% |
| 7.83% |
| 80.5% |
| 662 |
| 17% |
3-Year Fixed | 8.54% |
| 77.0% |
| 619 |
| 1% |
| 8.58% |
| 80.3% |
| 600 |
| 1% |
| 8.49% |
| 78.0% |
| 624 |
| 1% |
3-Year Fixed Interest-only | 7.56% |
| 71.5% |
| 633 |
| 0% |
| 7.48% |
| 85.2% |
| 708 |
| 0% |
| 7.43% |
| 72.5% |
| 671 |
| 1% |
5-Year Fixed | 7.87% |
| 74.1% |
| 685 |
| 0% |
| 7.98% |
| 81.7% |
| 657 |
| 1% |
| 6.63% |
| 71.4% |
| 685 |
| 0% |
5-Year Fixed Interest-only | 7.59% |
| 76.6% |
| 666 |
| 0% |
| 7.50% |
| 71.9% |
| 663 |
| 0% |
| 7.04% |
| 79.4% |
| 661 |
| 0% |
15-Year Fixed | 9.19% |
| 82.1% |
| 648 |
| 1% |
| 9.32% |
| 80.5% |
| 627 |
| 1% |
| 9.24% |
| 79.3% |
| 666 |
| 1% |
30-Year Fixed | 8.44% |
| 77.5% |
| 626 |
| 11% |
| 8.43% |
| 75.9% |
| 637 |
| 10% |
| 8.02% |
| 75.2% |
| 646 |
| 11% |
30-Year Fixed Interest-only | 8.00% |
| 81.0% |
| 680 |
| 0% |
| 8.31% |
| 78.1% |
| 705 |
| 0% |
| 7.73% |
| 80.3% |
| 673 |
| 0% |
Other Products | 9.56% |
| 89.1% |
| 648 |
| 12% |
| 9.67% |
| 89.6% |
| 651 |
| 10% |
| 9.72% |
| 89.7% |
| 659 |
| 8% |
MTA | 1.86% |
| 76.0% |
| 704 |
| 3% |
| 1.87% |
| 75.2% |
| 702 |
| 3% |
| 1.83% |
| 74.9% |
| 714 |
| 3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8.57% |
| 81.7% |
| 627 |
| 100% |
| 8.57% |
| 81.3% |
| 627 |
| 100% |
| 8.44% |
| 80.7% |
| 631 |
| 100% |
Weighted Average |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coupon Excluding MTA | 8.78% |
|
|
|
|
|
|
| 8.78% |
|
|
|
|
|
|
| 8.62% |
|
|
|
|
|
|
| (A) | Does not include approximately $987 million in bulk purchased MTA loans during the period. |