Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands) (unaudited)
| For the Month Ended November 30, |
| |||||||||
|
| 2006 |
| As a % of Total |
| 2005 |
| As a % of Total |
| ||
Non-conforming Production Volume |
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|
Wholesale (A) |
| $ | 749,140 |
| 86 | % | $ | 547,876 |
| 77 | % |
Correspondent Bulk |
|
| 63,093 |
| 7 |
|
| 48,799 |
| 7 |
|
Retail (C) |
|
| 62,176 |
| 7 |
|
| 117,358 |
| 16 |
|
Total |
| $ | 874,409 |
| 100 | % | $ | 714,033 |
| 100 | % |
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|
Funding Days in the Month |
|
| 19 |
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|
| 19 |
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|
Average Originations Per Funding Day |
| $ | 46,022 |
|
|
| $ | 37,581 |
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| For the Eleven Months Ended November 30, |
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|
| 2006 (B) |
| As a % of Total |
| 2005 |
| As a % of Total |
| ||
Non-conforming Production Volume |
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Wholesale (A) |
| $ | 8,009,084 |
| 86 | % | $ | 6,593,017 |
| 77 | % |
Correspondent Bulk |
|
| 448,917 |
| 5 |
|
| 530,161 |
| 6 |
|
Retail (C) |
|
| 856,819 |
| 9 |
|
| 1,419,838 |
| 17 |
|
Total |
| $ | 9,314,820 |
| 100 | % | $ | 8,543,016 |
| 100 | % |
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Funding Days in the Month |
|
| 229 |
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|
|
| 229 |
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|
Average Originations Per Funding Day |
| $ | 40,676 |
|
|
| $ | 37,306 |
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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
(unaudited)
|
| For the Month Ended November 30, 2006 |
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|
| Weighted |
|
| Weighted |
|
| Weighted |
|
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|
| Average |
|
| Average |
|
| Average |
|
| Percent |
|
|
| Coupon |
|
| LTV |
|
| FICO |
|
| of Total |
|
Summary by Credit Grade |
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|
660 and above |
| 7.83 | % |
| 83.9 | % |
| 700 |
|
| 29 | % |
620 to 659 |
| 8.63 |
|
| 83.9 |
|
| 640 |
|
| 24 |
|
580 to 619 |
| 8.85 |
|
| 83.9 |
|
| 600 |
|
| 23 |
|
540 to 579 |
| 9.22 |
|
| 79.9 |
|
| 559 |
|
| 16 |
|
539 and below |
| 9.67 |
|
| 77.2 |
|
| 527 |
|
| 8 |
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|
| 8.63 | % |
| 82.7 | % |
| 626 |
|
| 100 | % |
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Summary by Program Type |
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2-Year Fixed |
| 9.15 | % |
| 83.9 | % |
| 612 |
|
| 40 | % |
2-Year Fixed 40/30 |
| 8.56 |
|
| 83.6 |
|
| 628 |
|
| 20 |
|
30-Year Fixed |
| 8.52 |
|
| 78.1 |
|
| 612 |
|
| 16 |
|
2-Year Fixed Interest-only |
| 8.12 |
|
| 82.9 |
|
| 656 |
|
| 10 |
|
30/15-Year Fixed |
| 11.36 |
|
| 96.9 |
|
| 670 |
|
| 4 |
|
30-Year MTA |
| 1.94 |
|
| 78.4 |
|
| 700 |
|
| 3 |
|
40/30-Year Fixed |
| 8.36 |
|
| 78.6 |
|
| 626 |
|
| 3 |
|
Other Products |
| 8.31 |
|
| 76.0 |
|
| 624 |
|
| 4 |
|
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|
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|
| 8.63 | % |
| 82.7 | % |
| 626 |
|
| 100 | % |
Weighted Average |
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Coupon Excluding MTA |
| 8.85 | % |
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Note: The origination data on this report includes loans secured by second mortgages.