Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended April 30, |
|
| For the Four Months Ended April 30, | ||||||||||||
|
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| As a % |
|
|
| As a % |
|
|
|
| As a % |
|
|
| As a % |
| 2006 |
| of Total |
| 2005 |
| of Total |
|
| 2006 (B) |
| of Total |
| 2005 |
| of Total |
Non-conforming production volume |
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Non-conforming |
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Wholesale (A) | $ 567,917 |
| 74% |
| $ 521,007 |
| 80% |
|
| $ 2,041,438 |
| 78% |
| $ 2,025,826 |
| 78% |
Correspondent/Bulk | 127,236 |
| 17% |
| 13,911 |
| 2% |
|
| 239,850 |
| 9% |
| 165,696 |
| 6% |
Retail (C) | 72,794 |
| 9% |
| 116,166 |
| 18% |
|
| 321,484 |
| 13% |
| 407,413 |
| 16% |
Total non-conforming production volume | $ 767,947 |
| 100% |
| $ 651,084 |
| 100% |
|
| $ 2,602,772 |
| 100% |
| $ 2,598,935 |
| 100% |
|
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# of funding days in the month | 20 |
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| 21 |
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|
|
| 82 |
|
|
| 83 |
|
|
Average originations per funding day | $ 38,397 |
|
|
| $ 31,004 |
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|
|
| $ 31,741 |
|
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| $ 31,312 |
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Retail production volume (C) |
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Non-conforming |
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Sold to non-affiliates | $ 15,231 |
| 14% |
| $ 52,654 |
| 23% |
|
| $ 62,671 |
| 13% |
| $ 337,844 |
| 32% |
Retained by NMI | 72,794 |
| 67% |
| 116,166 |
| 51% |
|
| 321,484 |
| 68% |
| 407,413 |
| 39% |
Total non-conforming | 88,025 |
| 81% |
| 168,820 |
| 74% |
|
| 384,155 |
| 81% |
| 745,257 |
| 71% |
|
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Conforming/Government | 20,948 |
| 19% |
| 58,014 |
| 26% |
|
| 87,695 |
| 19% |
| 304,854 |
| 29% |
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|
Total retail production volume | $ 108,973 |
| 100% |
| $ 226,834 |
| 100% |
|
| $ 471,850 |
| 100% |
| $ 1,050,111 |
| 100% |
| (A) | Starting in April of 2006 correspondent loans purchased on a flow basis are being included in the wholesale channel. Prior periods have been reclassified to reflect this change. |
| (B) | Does not include approximately $987 million in bulk purchased MTA loans during the period. |
| (C) | 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 4/30/2006 |
| For the Month Ended 3/31/2006 (A) |
| For the Month Ended 2/28/2006 | ||||||||||||||||||
| 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 |
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660 and above | 7.65% |
| 82.7% |
| 699 |
| 29% |
| 7.76% |
| 82.5% |
| 700 |
| 31% |
| 7.66% |
| 82.7% |
| 699 |
| 30% |
620 to 659 | 8.44% |
| 82.6% |
| 639 |
| 22% |
| 8.47% |
| 82.7% |
| 639 |
| 23% |
| 8.40% |
| 82.0% |
| 640 |
| 23% |
580 to 619 | 8.94% |
| 83.0% |
| 598 |
| 25% |
| 8.86% |
| 82.8% |
| 598 |
| 23% |
| 8.90% |
| 81.1% |
| 599 |
| 23% |
540 to 579 | 9.39% |
| 80.2% |
| 559 |
| 16% |
| 9.35% |
| 80.1% |
| 560 |
| 16% |
| 9.47% |
| 80.4% |
| 559 |
| 16% |
539 and below | 9.77% |
| 76.6% |
| 527 |
| 8% |
| 9.68% |
| 75.8% |
| 527 |
| 7% |
| 9.84% |
| 76.8% |
| 527 |
| 8% |
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| 8.59% |
| 81.9% |
| 625 |
| 100% |
| 8.57% |
| 81.7% |
| 627 |
| 100% |
| 8.57% |
| 81.3% |
| 627 |
| 100% |
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Summary by Program Type |
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2-Year Fixed | 9.07% |
| 82.5% |
| 606 |
| 51% |
| 8.91% |
| 81.6% |
| 608 |
| 56% |
| 8.95% |
| 81.4% |
| 607 |
| 58% |
2-Year Fixed Interest-only | 8.13% |
| 80.8% |
| 658 |
| 15% |
| 8.00% |
| 81.4% |
| 665 |
| 16% |
| 7.85% |
| 80.7% |
| 662 |
| 16% |
3-Year Fixed | 8.39% |
| 79.8% |
| 634 |
| 0% |
| 8.54% |
| 77.0% |
| 619 |
| 1% |
| 8.58% |
| 80.3% |
| 600 |
| 1% |
3-Year Fixed Interest-only | 7.94% |
| 80.4% |
| 669 |
| 0% |
| 7.56% |
| 71.5% |
| 633 |
| 0% |
| 7.48% |
| 85.2% |
| 708 |
| 0% |
5-Year Fixed | 8.03% |
| 72.0% |
| 632 |
| 0% |
| 7.87% |
| 74.1% |
| 685 |
| 0% |
| 7.98% |
| 81.7% |
| 657 |
| 1% |
5-Year Fixed Interest-only | 7.92% |
| 80.0% |
| 640 |
| 0% |
| 7.59% |
| 76.6% |
| 666 |
| 0% |
| 7.50% |
| 71.9% |
| 663 |
| 0% |
15-Year Fixed | 9.27% |
| 80.4% |
| 639 |
| 1% |
| 9.19% |
| 82.1% |
| 648 |
| 1% |
| 9.32% |
| 80.5% |
| 627 |
| 1% |
30-Year Fixed | 8.49% |
| 76.3% |
| 622 |
| 11% |
| 8.44% |
| 77.5% |
| 626 |
| 11% |
| 8.43% |
| 75.9% |
| 637 |
| 10% |
30-Year Fixed Interest-only | 7.81% |
| 72.1% |
| 638 |
| 0% |
| 8.00% |
| 81.0% |
| 680 |
| 0% |
| 8.31% |
| 78.1% |
| 705 |
| 0% |
Other Products | 9.02% |
| 85.8% |
| 636 |
| 18% |
| 9.56% |
| 89.1% |
| 648 |
| 12% |
| 9.67% |
| 89.6% |
| 651 |
| 10% |
MTA | 1.96% |
| 77.5% |
| 699 |
| 4% |
| 1.86% |
| 76.0% |
| 704 |
| 3% |
| 1.87% |
| 75.2% |
| 702 |
| 3% |
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|
| 8.59% |
| 81.9% |
| 625 |
| 100% |
| 8.57% |
| 81.7% |
| 627 |
| 100% |
| 8.57% |
| 81.3% |
| 627 |
| 100% |
Weighted Average |
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Coupon Excluding MTA | 8.84% |
|
|
|
|
|
|
| 8.78% |
|
|
|
|
|
|
| 8.78% |
|
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| (A) | Does not include approximately $987 million in bulk purchased MTA loans during the period. |