Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands) (unaudited)
| For the Month Ended February 28, |
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|
| 2007 |
| As a % of Total |
| 2006 |
| As a % of Total |
| ||
Non-conforming Production Volume |
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| ||
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Wholesale |
| $ | 278,808 |
| 72 | % | $ | 416,530 |
| 80 | % |
Correspondent Bulk |
|
| 89 |
| - |
|
| 28,719 |
| 5 |
|
Retail |
|
| 107,352 |
| 28 |
|
| 76,573 |
| 15 |
|
Total |
| $ | 386,249 |
| 100 | % | $ | 521,822 |
| 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 |
| $ | 20,329 |
|
|
| $ | 27,464 |
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| For the Two Months Ended February 28, |
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|
| 2007 |
| As a % of Total |
| 2006 |
| As a % of Total |
| ||
Non-conforming Production Volume |
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|
|
|
|
|
|
|
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|
Wholesale |
| $ | 864,342 |
| 77 | % | $ | 881.029 |
| 81 | % |
Correspondent Bulk |
|
| 31,975 |
| 3 |
|
| 57,219 |
| 5 |
|
Retail |
|
| 230,599 |
| 20 |
|
| 155,280 |
| 14 |
|
Total |
| $ | 1,126,916 |
| 100 | % | $ | 1,093,528 |
| 100 | % |
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Year to Date Funding Days |
|
| 40 |
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|
|
| 39 |
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|
Average Originations Per Funding Day |
| $ | 28,173 |
|
|
| $ | 28,039 |
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NOVASTAR FINANCIAL, INC.
SELECTED NON-CONFORMING LOAN ORIGINATION DATA
(unaudited)
|
| For the Month Ended February 28, 2007 |
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|
| Weighted |
|
| Weighted |
|
| Weighted |
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|
| Average |
|
| Average |
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| Average |
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| Percent |
|
|
| Coupon |
|
| LTV |
|
| FICO |
|
| of Total |
|
Summary by Credit Grade |
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660 and above |
| 7.98 | % |
| 83.5 | % |
| 698 |
|
| 22 | % |
620 to 659 |
| 8.50 |
|
| 82.7 |
|
| 638 |
|
| 26 |
|
580 to 619 |
| 8.89 |
|
| 82.9 |
|
| 599 |
|
| 25 |
|
540 to 579 |
| 9.26 |
|
| 79.0 |
|
| 559 |
|
| 19 |
|
539 and below |
| 9.59 |
|
| 74.2 |
|
| 527 |
|
| 8 |
|
|
| 8.71 | % |
| 81.5 | % |
| 617 |
|
| 100 | % |
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Summary by Program Type |
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2-Year Fixed |
| 9.12 | % |
| 82.4 | % |
| 599 |
|
| 36 | % |
2-Year Fixed 40/30 |
| 8.62 |
|
| 82.8 |
|
| 621 |
|
| 22 |
|
30-Year Fixed |
| 8.47 |
|
| 78.0 |
|
| 617 |
|
| 20 |
|
2-Year Fixed Interest-only |
| 8.25 |
|
| 80.4 |
|
| 653 |
|
| 8 |
|
40/30-Year Fixed |
| 8.55 |
|
| 78.6 |
|
| 617 |
|
| 5 |
|
30/15-Year Fixed |
| 11.54 |
|
| 99.3 |
|
| 663 |
|
| 3 |
|
30-Year MTA |
| 2.01 |
|
| 79.7 |
|
| 708 |
|
| 1 |
|
Other Products |
| 8.55 |
|
| 79.1 |
|
| 626 |
|
| 5 |
|
|
| 8.71 | % |
| 81.5 | % |
| 617 |
|
| 100 | % |
Weighted Average |
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Coupon Excluding MTA |
| 8.82 | % |
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Note: The origination data on this report includes loans secured by second mortgages.