Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended May 31, |
| For the Five Months Ended May 31, | ||||||||||||
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| As a % |
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| 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) | $ 853,284 |
| 86% |
| $ 602,357 |
| 77% |
| $ 2,894,722 |
| 81% |
| $ 2,628,183 |
| 78% |
Correspondent/Bulk | 41,006 |
| 4% |
| 42,832 |
| 5% |
| 280,856 |
| 8% |
| 208,528 |
| 6% |
Retail (C) | 93,134 |
| 10% |
| 139,239 |
| 18% |
| 414,618 |
| 11% |
| 546,652 |
| 16% |
Total non-conforming production volume | $ 987,424 |
| 100% |
| $ 784,428 |
| 100% |
| $ 3,590,196 |
| 100% |
| $ 3,383,363 |
| 100% |
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# of funding days in the month | 22 |
|
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| 21 |
|
|
| 104 |
|
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| 104 |
|
|
Average originations per funding day | $ 44,883 |
|
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| $ 37,354 |
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| $ 34,521 |
|
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| $ 32,532 |
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Retail production volume (C) |
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Non-conforming |
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Sold to non-affiliates | $ 10,958 |
| 9% |
| $ 56,149 |
| 23% |
| $ 73,629 |
| 12% |
| $ 393,993 |
| 30% |
Retained by NMI | 93,134 |
| 81% |
| 139,239 |
| 56% |
| 414,618 |
| 71% |
| 546,652 |
| 42% |
Total non-conforming | 104,092 |
| 90% |
| 195,388 |
| 79% |
| 488,247 |
| 83% |
| 940,645 |
| 72% |
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Conforming/Government | 10,985 |
| 10% |
| 50,872 |
| 21% |
| 98,680 |
| 17% |
| 355,726 |
| 28% |
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Total retail production volume | $ 115,077 |
| 100% |
| $ 246,260 |
| 100% |
| $ 586,927 |
| 100% |
| $ 1,296,371 |
| 100% |
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|
| (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 5/31/2006 |
| For the Month Ended 4/30/2006 |
| For the Month Ended 3/31/2006 (A) | ||||||||||||||||||
| 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 | 7.71% |
| 82.8% |
| 701 |
| 28% |
| 7.65% |
| 82.7% |
| 699 |
| 29% |
| 7.76% |
| 82.5% |
| 700 |
| 31% |
620 to 659 | 8.52% |
| 83.2% |
| 639 |
| 21% |
| 8.44% |
| 82.6% |
| 639 |
| 22% |
| 8.47% |
| 82.7% |
| 639 |
| 23% |
580 to 619 | 9.04% |
| 83.5% |
| 598 |
| 26% |
| 8.94% |
| 83.0% |
| 598 |
| 25% |
| 8.86% |
| 82.8% |
| 598 |
| 23% |
540 to 579 | 9.43% |
| 81.0% |
| 559 |
| 16% |
| 9.39% |
| 80.2% |
| 559 |
| 16% |
| 9.35% |
| 80.1% |
| 560 |
| 16% |
539 and below | 9.83% |
| 77.6% |
| 527 |
| 9% |
| 9.77% |
| 76.6% |
| 527 |
| 8% |
| 9.68% |
| 75.8% |
| 527 |
| 7% |
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| 8.70% |
| 82.3% |
| 622 |
| 100% |
| 8.59% |
| 81.9% |
| 625 |
| 100% |
| 8.57% |
| 81.7% |
| 627 |
| 100% |
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Summary by Program Type |
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2-Year Fixed | 9.21% |
| 82.9% |
| 603 |
| 49% |
| 9.07% |
| 82.5% |
| 606 |
| 51% |
| 8.91% |
| 81.6% |
| 608 |
| 56% |
2-Year Fixed Interest-only | 8.12% |
| 81.2% |
| 658 |
| 12% |
| 8.13% |
| 80.8% |
| 658 |
| 15% |
| 8.00% |
| 81.4% |
| 665 |
| 16% |
3-Year Fixed | 8.45% |
| 75.0% |
| 608 |
| 1% |
| 8.39% |
| 79.8% |
| 634 |
| 0% |
| 8.54% |
| 77.0% |
| 619 |
| 1% |
3-Year Fixed Interest-only | 7.94% |
| 80.7% |
| 648 |
| 0% |
| 7.94% |
| 80.4% |
| 669 |
| 0% |
| 7.56% |
| 71.5% |
| 633 |
| 0% |
5-Year Fixed | 7.71% |
| 75.4% |
| 653 |
| 0% |
| 8.03% |
| 72.0% |
| 632 |
| 0% |
| 7.87% |
| 74.1% |
| 685 |
| 0% |
5-Year Fixed Interest-only | 7.46% |
| 74.0% |
| 689 |
| 0% |
| 7.92% |
| 80.0% |
| 640 |
| 0% |
| 7.59% |
| 76.6% |
| 666 |
| 0% |
15-Year Fixed | 9.51% |
| 78.8% |
| 647 |
| 1% |
| 9.27% |
| 80.4% |
| 639 |
| 1% |
| 9.19% |
| 82.1% |
| 648 |
| 1% |
30-Year Fixed | 8.55% |
| 76.6% |
| 619 |
| 10% |
| 8.49% |
| 76.3% |
| 622 |
| 11% |
| 8.44% |
| 77.5% |
| 626 |
| 11% |
30-Year Fixed Interest-only | 8.11% |
| 75.3% |
| 653 |
| 1% |
| 7.81% |
| 72.1% |
| 638 |
| 0% |
| 8.00% |
| 81.0% |
| 680 |
| 0% |
Other Products | 9.17% |
| 85.6% |
| 632 |
| 22% |
| 9.02% |
| 85.8% |
| 636 |
| 18% |
| 9.56% |
| 89.1% |
| 648 |
| 12% |
MTA | 1.92% |
| 78.2% |
| 695 |
| 4% |
| 1.96% |
| 77.5% |
| 699 |
| 4% |
| 1.86% |
| 76.0% |
| 704 |
| 3% |
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|
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| 8.70% |
| 82.3% |
| 622 |
| 100% |
| 8.59% |
| 81.9% |
| 625 |
| 100% |
| 8.57% |
| 81.7% |
| 627 |
| 100% |
Weighted Average |
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Coupon Excluding MTA | 8.98% |
|
|
|
|
|
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| 8.84% |
|
|
|
|
|
|
| 8.78% |
|
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| (A) | Does not include approximately $987 million in bulk purchased MTA loans during the period. |