Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended June 30, |
| For the Six Months Ended June 30, | ||||||||||||
|
|
| 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-conforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale (A) | $ 942,004 |
| 89% |
| $ 749,021 |
| 81% |
| $ 3,838,726 |
| 82% |
| $ 3,377,204 |
| 78% |
Correspondent/Bulk | 30,568 |
| 3% |
| 26,758 |
| 3% |
| 311,424 |
| 7% |
| 235,286 |
| 6% |
Retail (C) | 88,643 |
| 8% |
| 146,341 |
| 16% |
| 503,261 |
| 11% |
| 692,993 |
| 16% |
Total non-conforming production volume | $1,061,215 |
| 100% |
| $ 922,120 |
| 100% |
| $ 4,651,411 |
| 100% |
| $ 4,305,483 |
| 100% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
# of funding days in the month | 22 |
|
|
| 22 |
|
|
| 126 |
|
|
| 126 |
|
|
Average originations per funding day | $ 48,237 |
|
|
| $ 41,915 |
|
|
| $ 36,916 |
|
|
| $ 34,170 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail production volume (C) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-conforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sold to non-affiliates | $ 12,223 |
| 12% |
| $ 42,423 |
| 18% |
| $ 85,852 |
| 12% |
| $ 436,416 |
| 28% |
Retained by NMI | 88,643 |
| 83% |
| 146,341 |
| 61% |
| 503,261 |
| 73% |
| 692,993 |
| 45% |
Total non-conforming | 100,866 |
| 95% |
| 188,764 |
| 79% |
| 589,113 |
| 85% |
| 1,129,409 |
| 73% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conforming/Government | 5,365 |
| 5% |
| 52,102 |
| 21% |
| 104,045 |
| 15% |
| 407,828 |
| 27% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total retail production volume | $ 106,231 |
| 100% |
| $ 240,866 |
| 100% |
| $ 693,158 |
| 100% |
| $ 1,537,237 |
| 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 6/30/2006 |
| For the Month Ended 5/31/2006 |
| For the Month Ended 4/30/2006 | ||||||||||||||||||
| 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 | 7.64% |
| 83.8% |
| 701 |
| 31% |
| 7.71% |
| 82.8% |
| 701 |
| 28% |
| 7.65% |
| 82.7% |
| 699 |
| 29% |
620 to 659 | 8.66% |
| 83.9% |
| 639 |
| 21% |
| 8.52% |
| 83.2% |
| 639 |
| 21% |
| 8.44% |
| 82.6% |
| 639 |
| 22% |
580 to 619 | 9.11% |
| 83.7% |
| 598 |
| 24% |
| 9.04% |
| 83.5% |
| 598 |
| 26% |
| 8.94% |
| 83.0% |
| 598 |
| 25% |
540 to 579 | 9.47% |
| 81.1% |
| 560 |
| 16% |
| 9.43% |
| 81.0% |
| 559 |
| 16% |
| 9.39% |
| 80.2% |
| 559 |
| 16% |
539 and below | 9.92% |
| 77.8% |
| 527 |
| 8% |
| 9.83% |
| 77.6% |
| 527 |
| 9% |
| 9.77% |
| 76.6% |
| 527 |
| 8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8.69% |
| 82.9% |
| 627 |
| 100% |
| 8.70% |
| 82.3% |
| 622 |
| 100% |
| 8.59% |
| 81.9% |
| 625 |
| 100% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary by Program Type |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2-Year Fixed | 9.28% |
| 83.8% |
| 609 |
| 46% |
| 9.21% |
| 82.9% |
| 603 |
| 49% |
| 9.07% |
| 82.5% |
| 606 |
| 51% |
2-Year Fixed Interest-only | 8.23% |
| 81.6% |
| 661 |
| 12% |
| 8.12% |
| 81.2% |
| 658 |
| 12% |
| 8.13% |
| 80.8% |
| 658 |
| 15% |
3-Year Fixed | 8.82% |
| 78.8% |
| 614 |
| 1% |
| 8.45% |
| 75.0% |
| 608 |
| 1% |
| 8.39% |
| 79.8% |
| 634 |
| 0% |
3-Year Fixed Interest-only | 8.45% |
| 81.7% |
| 657 |
| 0% |
| 7.94% |
| 80.7% |
| 648 |
| 0% |
| 7.94% |
| 80.4% |
| 669 |
| 0% |
5-Year Fixed | 8.39% |
| 76.8% |
| 632 |
| 0% |
| 7.71% |
| 75.4% |
| 653 |
| 0% |
| 8.03% |
| 72.0% |
| 632 |
| 0% |
5-Year Fixed Interest-only | 7.39% |
| 73.6% |
| 689 |
| 0% |
| 7.46% |
| 74.0% |
| 689 |
| 0% |
| 7.92% |
| 80.0% |
| 640 |
| 0% |
15-Year Fixed | 9.51% |
| 83.3% |
| 642 |
| 1% |
| 9.51% |
| 78.8% |
| 647 |
| 1% |
| 9.27% |
| 80.4% |
| 639 |
| 1% |
30-Year Fixed | 8.60% |
| 77.3% |
| 622 |
| 11% |
| 8.55% |
| 76.6% |
| 619 |
| 10% |
| 8.49% |
| 76.3% |
| 622 |
| 11% |
30-Year Fixed Interest-only | 7.71% |
| 76.3% |
| 648 |
| 1% |
| 8.11% |
| 75.3% |
| 653 |
| 1% |
| 7.81% |
| 72.1% |
| 638 |
| 0% |
Other Products | 9.21% |
| 85.7% |
| 629 |
| 23% |
| 9.17% |
| 85.6% |
| 632 |
| 22% |
| 9.02% |
| 85.8% |
| 636 |
| 18% |
MTA | 1.99% |
| 79.1% |
| 702 |
| 5% |
| 1.92% |
| 78.2% |
| 695 |
| 4% |
| 1.96% |
| 77.5% |
| 699 |
| 4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8.69% |
| 82.9% |
| 627 |
| 100% |
| 8.70% |
| 82.3% |
| 622 |
| 100% |
| 8.59% |
| 81.9% |
| 625 |
| 100% |
Weighted Average |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coupon Excluding MTA | 9.03% |
|
|
|
|
|
|
| 8.98% |
|
|
|
|
|
|
| 8.84% |
|
|
|
|
|
|
Note: The origination data on this report includes loans secured by second mortgages.