Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands) (unaudited)
| For the Month Ended December 31, |
| |||||||||
|
| 2006 |
| As a % of Total |
| 2005 |
| As a % of Total |
| ||
Non-conforming Production Volume |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale (A) |
| $ | 743,832 |
| 81 | % | $ | 597,461 |
| 81 | % |
Correspondent Bulk |
|
| 78,202 |
| 9 |
|
| 41,201 |
| 5 |
|
Retail (C) |
|
| 95,827 |
| 10 |
|
| 101,460 |
| 14 |
|
Total |
| $ | 917,861 |
| 100 | % | $ | 740,122 |
| 100 | % |
|
|
|
|
|
|
|
|
|
|
|
|
Funding Days in the Month |
|
| 20 |
|
|
|
| 21 |
|
|
|
Average Originations Per Funding Day |
| $ | 45,893 |
|
|
| $ | 35,244 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Twelve Months Ended December 31, |
| ||||||||
|
| 2006 (B) |
| As a % of Total |
| 2005 |
| As a % of Total |
| ||
Non-conforming Production Volume |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale (A) |
| $ | 8,752,916 |
| 86 | % | $ | 7,190,478 |
| 78 | % |
Correspondent Bulk |
|
| 527,119 |
| 5 |
|
| 571,362 |
| 6 |
|
Retail (C) |
|
| 952,646 |
| 9 |
|
| 1,521,298 |
| 16 |
|
Total |
| $ | 10,232,681 |
| 100 | % | $ | 9,283,138 |
| 100 | % |
|
|
|
|
|
|
|
|
|
|
|
|
Funding Days in the Month |
|
| 249 |
|
|
|
| 250 |
|
|
|
Average Originations Per Funding Day |
| $ | 41,095 |
|
|
| $ | 37,133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (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 December 31, 2006 |
| |||||||||
|
| Weighted |
|
| Weighted |
|
| Weighted |
|
|
|
|
|
| Average |
|
| Average |
|
| Average |
|
| Percent |
|
|
| Coupon |
|
| LTV |
|
| FICO |
|
| of Total |
|
Summary by Credit Grade |
|
|
|
|
|
|
|
|
|
|
|
|
660 and above |
| 7.90 | % |
| 83.9 | % |
| 703 |
|
| 28 | % |
620 to 659 |
| 8.49 |
|
| 84.1 |
|
| 639 |
|
| 25 |
|
580 to 619 |
| 8.77 |
|
| 83.8 |
|
| 600 |
|
| 22 |
|
540 to 579 |
| 9.11 |
|
| 79.7 |
|
| 559 |
|
| 16 |
|
539 and below |
| 9.61 |
|
| 77.8 |
|
| 527 |
|
| 9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8.59 | % |
| 82.7 | % |
| 625 |
|
| 100 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary by Program Type |
|
|
|
|
|
|
|
|
|
|
|
|
2-Year Fixed |
| 9.05 | % |
| 83.6 | % |
| 607 |
|
| 39 | % |
2-Year Fixed 40/30 |
| 8.50 |
|
| 83.0 |
|
| 623 |
|
| 19 |
|
30-Year Fixed |
| 8.35 |
|
| 80.1 |
|
| 624 |
|
| 18 |
|
2-Year Fixed Interest-only |
| 8.06 |
|
| 82.1 |
|
| 660 |
|
| 10 |
|
30/15-Year Fixed |
| 11.26 |
|
| 95.9 |
|
| 669 |
|
| 4 |
|
30-Year MTA |
| 1.90 |
|
| 77.8 |
|
| 709 |
|
| 2 |
|
40/30-Year Fixed |
| 8.14 |
|
| 79.9 |
|
| 624 |
|
| 3 |
|
Other Products |
| 8.21 |
|
| 78.0 |
|
| 637 |
|
| 5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8.59 | % |
| 82.7 | % |
| 625 |
|
| 100 | % |
Weighted Average |
|
|
|
|
|
|
|
|
|
|
|
|
Coupon Excluding MTA |
| 8.74 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: The origination data on this report includes loans secured by second mortgages.