Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands) (unaudited)
| For the Month Ended March 31, |
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|
| 2007 |
| As a % of Total |
| 2006 |
| As a % of Total |
| ||
Non-conforming Production Volume |
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Wholesale |
| $ | 183,726 |
| 58 | % | $ | 592,492 |
| 80 | % |
Correspondent Bulk |
|
| 13,386 |
| 4 |
|
| 55,395 |
| 7 |
|
Retail |
|
| 117,647 |
| 38 |
|
| 93,410 |
| 13 |
|
Total |
| $ | 314,759 |
| 100 | % | $ | 741,297 |
| 100 | % |
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|
Funding Days in the Month |
|
| 22 |
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| 23 |
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|
Average Originations Per Funding Day |
| $ | 14,307 |
|
|
| $ | 32,230 |
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| For the Three Months Ended March 31, |
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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 |
| $ | 1,048,068 |
| 73 | % | $ | 1,473,521 |
| 80 | % |
Correspondent Bulk |
|
| 45,361 |
| 3 |
|
| 112,614 |
| 6 |
|
Retail |
|
| 348,246 |
| 24 |
|
| 248,690 |
| 14 |
|
Total |
| $ | 1,441,675 |
| 100 | % | $ | 1,834,825 |
| 100 | % |
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Year to Date Funding Days |
|
| 62 |
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|
| 62 |
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|
Average Originations Per Funding Day |
| $ | 23,253 |
|
|
| $ | 29,594 |
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NOVASTAR FINANCIAL, INC.
SELECTED NON-CONFORMING LOAN ORIGINATION DATA
(unaudited)
|
| For the Month Ended March 31, 2007 |
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|
| Weighted |
|
| Weighted |
|
| Weighted |
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|
| Average |
|
| Average |
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| Average |
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| Percent |
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|
| Coupon |
|
| LTV |
|
| FICO |
|
| of Total |
|
Summary by Credit Grade |
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660 and above |
| 8.25 | % |
| 84.2 | % |
| 701 |
|
| 22 | % |
620 to 659 |
| 8.74 |
|
| 83.1 |
|
| 638 |
|
| 26 |
|
580 to 619 |
| 9.12 |
|
| 82.4 |
|
| 600 |
|
| 22 |
|
540 to 579 |
| 9.46 |
|
| 78.1 |
|
| 559 |
|
| 20 |
|
539 and below |
| 9.78 |
|
| 74.8 |
|
| 527 |
|
| 10 |
|
|
| 8.96 | % |
| 81.4 | % |
| 618 |
|
| 100 | % |
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Summary by Program Type |
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2-Year Fixed |
| 9.29 | % |
| 81.3 | % |
| 606 |
|
| 33 | % |
2-Year Fixed 40/30 |
| 8.95 |
|
| 83.1 |
|
| 609 |
|
| 22 |
|
30-Year Fixed |
| 8.82 |
|
| 77.3 |
|
| 612 |
|
| 18 |
|
2-Year Fixed Interest-only |
| 8.18 |
|
| 83.5 |
|
| 657 |
|
| 9 |
|
40/30-Year Fixed |
| 8.80 |
|
| 78.7 |
|
| 623 |
|
| 6 |
|
30/15-Year Fixed |
| 11.64 |
|
| 99.6 |
|
| 669 |
|
| 4 |
|
3-Year Fixed |
| 8.89 |
|
| 82.0 |
|
| 610 |
|
| 2 |
|
Other Products |
| 7.26 |
|
| 77.0 |
|
| 643 |
|
| 6 |
|
|
| 8.96 | % |
| 81.4 | % |
| 618 |
|
| 100 | % |
Weighted Average |
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Coupon Excluding MTA |
| 9.03 | % |
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Note: The origination data on this report includes loans secured by second mortgages.