Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
| For the Month Ended July 31, |
|
| For the Seven Months Ended July 31, | ||||||||||||
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| As a % |
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| As a % |
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| As a % |
|
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| 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) | $ 889,042 |
| 91% |
| $ 685,515 |
| 78% |
|
| $ 4,725,768 |
| 84% |
| $ 4,062,720 |
| 78% |
Correspondent/Bulk | 10,783 |
| 1% |
| 42,284 |
| 5% |
|
| 322,207 |
| 6% |
| 277,569 |
| 6% |
Retail (C) | 73,794 |
| 8% |
| 154,470 |
| 17% |
|
| 577,055 |
| 10% |
| 847,463 |
| 16% |
Total non-conforming production volume | $ 973,619 |
| 100% |
| $ 882,269 |
| 100% |
|
| $ 5,625,030 |
| 100% |
| $ 5,187,752 |
| 100% |
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# of funding days in the month | 20 |
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| 20 |
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|
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| 146 |
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| 146 |
|
|
Average originations per funding day | $ 48,681 |
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| $ 44,113 |
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| $ 38,528 |
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| $ 35,533 |
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Retail production volume (C) |
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Non-conforming |
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Sold to non-affiliates | $ 2,834 |
| 4% |
| $ 46,525 |
| 18% |
|
| $ 88,686 |
| 11% |
| $ 482,941 |
| 27% |
Retained by NMI | 73,794 |
| 94% |
| 154,470 |
| 62% |
|
| 577,055 |
| 75% |
| 847,463 |
| 47% |
Total non-conforming | 76,628 |
| 98% |
| 200,995 |
| 80% |
|
| 665,741 |
| 86% |
| 1,330,404 |
| 74% |
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Conforming/Government | 1,834 |
| 2% |
| 49,750 |
| 20% |
|
| 105,879 |
| 14% |
| 457,578 |
| 26% |
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Total retail production volume | $ 78,462 |
| 100% |
| $ 250,745 |
| 100% |
|
| $ 771,620 |
| 100% |
| $ 1,787,982 |
| 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 7/31/2006 |
| For the Month Ended 6/30/2006 |
| For the Month Ended 5/31/2006 | ||||||||||||||||||
| Weighted |
| Weighted |
| Weighted |
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|
| 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 | 7.75% |
| 84.0% |
| 699 |
| 27% |
| 7.64% |
| 83.8% |
| 701 |
| 31% |
| 7.71% |
| 82.8% |
| 701 |
| 28% |
620 to 659 | 8.76% |
| 84.7% |
| 638 |
| 24% |
| 8.66% |
| 83.9% |
| 639 |
| 21% |
| 8.52% |
| 83.2% |
| 639 |
| 21% |
580 to 619 | 9.16% |
| 83.5% |
| 599 |
| 25% |
| 9.11% |
| 83.7% |
| 598 |
| 24% |
| 9.04% |
| 83.5% |
| 598 |
| 26% |
540 to 579 | 9.60% |
| 81.9% |
| 560 |
| 16% |
| 9.47% |
| 81.1% |
| 560 |
| 16% |
| 9.43% |
| 81.0% |
| 559 |
| 16% |
539 and below | 10.06% |
| 78.0% |
| 527 |
| 8% |
| 9.92% |
| 77.8% |
| 527 |
| 8% |
| 9.83% |
| 77.6% |
| 527 |
| 9% |
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| 8.82% |
| 83.2% |
| 623 |
| 100% |
| 8.69% |
| 82.9% |
| 627 |
| 100% |
| 8.70% |
| 82.3% |
| 622 |
| 100% |
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Summary by Program Type |
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2-Year Fixed | 9.41% |
| 83.9% |
| 606 |
| 46% |
| 9.28% |
| 83.8% |
| 609 |
| 46% |
| 9.21% |
| 82.9% |
| 603 |
| 49% |
2-Year Fixed Interest-only | 8.40% |
| 82.7% |
| 655 |
| 13% |
| 8.23% |
| 81.6% |
| 661 |
| 12% |
| 8.12% |
| 81.2% |
| 658 |
| 12% |
3-Year Fixed | 8.99% |
| 76.5% |
| 608 |
| 0% |
| 8.82% |
| 78.8% |
| 614 |
| 1% |
| 8.45% |
| 75.0% |
| 608 |
| 1% |
3-Year Fixed Interest-only | 7.96% |
| 83.0% |
| 657 |
| 0% |
| 8.45% |
| 81.7% |
| 657 |
| 0% |
| 7.94% |
| 80.7% |
| 648 |
| 0% |
5-Year Fixed | 7.84% |
| 72.2% |
| 657 |
| 0% |
| 8.39% |
| 76.8% |
| 632 |
| 0% |
| 7.71% |
| 75.4% |
| 653 |
| 0% |
5-Year Fixed Interest-only | 8.19% |
| 75.0% |
| 675 |
| 0% |
| 7.39% |
| 73.6% |
| 689 |
| 0% |
| 7.46% |
| 74.0% |
| 689 |
| 0% |
15-Year Fixed | 9.66% |
| 83.3% |
| 625 |
| 1% |
| 9.51% |
| 83.3% |
| 642 |
| 1% |
| 9.51% |
| 78.8% |
| 647 |
| 1% |
30-Year Fixed | 8.73% |
| 78.2% |
| 616 |
| 11% |
| 8.60% |
| 77.3% |
| 622 |
| 11% |
| 8.55% |
| 76.6% |
| 619 |
| 10% |
30-Year Fixed Interest-only | 8.16% |
| 79.8% |
| 634 |
| 0% |
| 7.71% |
| 76.3% |
| 648 |
| 1% |
| 8.11% |
| 75.3% |
| 653 |
| 1% |
Other Products | 9.27% |
| 85.5% |
| 627 |
| 24% |
| 9.21% |
| 85.7% |
| 629 |
| 23% |
| 9.17% |
| 85.6% |
| 632 |
| 22% |
MTA | 1.97% |
| 79.3% |
| 700 |
| 5% |
| 1.99% |
| 79.1% |
| 702 |
| 5% |
| 1.92% |
| 78.2% |
| 695 |
| 4% |
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| 8.82% |
| 83.2% |
| 623 |
| 100% |
| 8.69% |
| 82.9% |
| 627 |
| 100% |
| 8.70% |
| 82.3% |
| 622 |
| 100% |
Weighted Average |
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Coupon Excluding MTA | 9.15% |
|
|
|
|
|
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| 9.03% |
|
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|
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| 8.98% |
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Note: The origination data on this report includes loans secured by second mortgages.