Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands) (unaudited)
| For the Month Ended August 31, |
| |||||||||
|
| 2006 |
| As a % of Total |
| 2005 |
| As a % of Total |
| ||
Non-conforming Production Volume |
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| ||
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|
Wholesale (A) |
| $ | 976,667 |
| 90 | % | $ | 787,152 |
| 72 | % |
Correspondent Bulk |
|
| 27,263 |
| 3 |
|
| 120,706 |
| 11 |
|
Retail (C) |
|
| 78,219 |
| 7 |
|
| 186,844 |
| 17 |
|
Total |
| $ | 1,082,149 |
| 100 | % | $ | 1,094,702 |
| 100 | % |
|
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|
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|
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|
|
|
Funding Days in the Month |
|
| 23 |
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|
|
| 23 |
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|
|
Average Originations Per Funding Day |
| $ | 47,050 |
|
|
| $ | 47,596 |
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| For the Eight Months Ended August 31, |
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|
| 2006 (B) |
| As a % of Total |
| 2005 |
| As a % of Total |
| ||
Non-conforming Production Volume |
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|
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|
Wholesale (A) |
| $ | 5,702,435 |
| 85 | % | $ | 4,849,871 |
| 77 | % |
Correspondent Bulk |
|
| 349,470 |
| 5 |
|
| 398,275 |
| 6 |
|
Retail (C) |
|
| 655,274 |
| 10 |
|
| 1,034,307 |
| 17 |
|
Total |
| $ | 6,707,179 |
| 100 | % | $ | 6,282,453 |
| 100 | % |
|
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|
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Funding Days in the Month |
|
| 169 |
|
|
|
| 169 |
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|
|
Average Originations Per Funding Day |
| $ | 39,687 |
|
|
| $ | 37,174 |
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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 8/31/2006 |
| |||||||||
|
| Weighted |
|
| Weighted |
|
| Weighted |
|
|
|
|
|
| Average |
|
| Average |
|
| Average |
|
| Percent |
|
|
| Coupon |
|
| LTV |
|
| FICO |
|
| of Total |
|
Summary by Credit Grade |
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|
660 and above |
| 8.01 | % |
| 84.3 | % |
| 700 |
|
| 28 | % |
620 to 659 |
| 8.88 |
|
| 84.6 |
|
| 639 |
|
| 23 |
|
580 to 619 |
| 9.36 |
|
| 83.6 |
|
| 599 |
|
| 25 |
|
540 to 579 |
| 9.71 |
|
| 80.9 |
|
| 559 |
|
| 16 |
|
539 and below |
| 10.09 |
|
| 77.7 |
|
| 527 |
|
| 8 |
|
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|
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|
| 9.00 | % |
| 83.1 | % |
| 624 |
|
| 100 | % |
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Summary by Program Type |
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2-Year Fixed |
| 9.53 | % |
| 83.8 | % |
| 608 |
|
| 47 | % |
2-Year Fixed 40/30 |
| 9.05 |
|
| 83.1 |
|
| 620 |
|
| 18 |
|
30-Year Fixed |
| 8.80 |
|
| 78.3 |
|
| 618 |
|
| 11 |
|
2-Year Fixed Interest-only |
| 8.49 |
|
| 81.6 |
|
| 658 |
|
| 11 |
|
30/15-Year Fixed |
| 11.45 |
|
| 99.7 |
|
| 660 |
|
| 4 |
|
30-Year MTA |
| 1.97 |
|
| 79.7 |
|
| 697 |
|
| 4 |
|
40/30-Year Fixed |
| 8.77 |
|
| 78.3 |
|
| 615 |
|
| 2 |
|
Other Products |
| 8.31 |
|
| 79.2 |
|
| 634 |
|
| 3 |
|
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|
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|
|
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|
|
|
|
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|
| 9.00 | % |
| 83.1 | % |
| 624 |
|
| 100 | % |
Weighted Average |
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Coupon Excluding MTA |
| 9.29 | % |
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Note: The origination data on this report includes loans secured by second mortgages.