Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands) (unaudited)
| For the Month Ended April 30, |
| |||||||||
|
| 2007 |
| As a % of Total |
| 2006 |
| As a % of Total |
| ||
Non-conforming Production Volume |
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| ||
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|
Wholesale |
| $ | 156,364 |
| 60 | % | $ | 567,917 |
| 74 | % |
Correspondent Bulk |
|
| - |
| - |
|
| 127,236 |
| 17 |
|
Retail |
|
| 106,130 |
| 40 |
|
| 72,794 |
| 9 |
|
Total |
| $ | 262,494 |
| 100 | % | $ | 767,947 |
| 100 | % |
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|
Funding Days in the Month |
|
| 21 |
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|
|
| 20 |
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|
Average Originations Per Funding Day |
| $ | 12,500 |
|
|
| $ | 38,397 |
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| For the Four Months Ended April 30, |
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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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|
|
|
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|
Wholesale |
| $ | 1,204,432 |
| 71 | % | $ | 2,041,438 |
| 78 | % |
Correspondent Bulk |
|
| 45,361 |
| 3 |
|
| 239,850 |
| 9 |
|
Retail |
|
| 454,376 |
| 26 |
|
| 321,484 |
| 13 |
|
Total |
| $ | 1,441,675 |
| 100 | % | $ | 2,602,772 |
| 100 | % |
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|
Year to Date Funding Days |
|
| 83 |
|
|
|
| 82 |
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|
Average Originations Per Funding Day |
| $ | 20,532 |
|
|
| $ | 31,741 |
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NOVASTAR FINANCIAL, INC.
SELECTED NON-CONFORMING LOAN ORIGINATION DATA
(unaudited)
|
| For the Month Ended April 30, 2007 |
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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 |
| 8.58 | % |
| 83.1 | % |
| 697 |
|
| 21 | % |
620 to 659 |
| 9.06 |
|
| 81.3 |
|
| 638 |
|
| 24 |
|
580 to 619 |
| 9.57 |
|
| 79.2 |
|
| 598 |
|
| 24 |
|
540 to 579 |
| 9.81 |
|
| 74.6 |
|
| 559 |
|
| 20 |
|
539 and below |
| 10.22 |
|
| 71.6 |
|
| 528 |
|
| 11 |
|
|
| 9.36 | % |
| 78.7 | % |
| 613 |
|
| 100 | % |
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Summary by Program Type |
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2-Year Fixed |
| 9.89 | % |
| 79.6 | % |
| 598 |
|
| 36 | % |
2-Year Fixed 40/30 |
| 9.45 |
|
| 81.8 |
|
| 617 |
|
| 24 |
|
30-Year Fixed |
| 8.92 |
|
| 73.4 |
|
| 610 |
|
| 21 |
|
2-Year Fixed Interest-only |
| 8.69 |
|
| 83.9 |
|
| 668 |
|
| 5 |
|
40/30-Year Fixed |
| 9.05 |
|
| 77.9 |
|
| 619 |
|
| 6 |
|
15-Year Fixed |
| 8.62 |
|
| 72.3 |
|
| 626 |
|
| 3 |
|
30/15-Year Fixed |
| 11.83 |
|
| 97.9 |
|
| 665 |
|
| 1 |
|
Other Products |
| 7.75 |
|
| 75.6 |
|
| 635 |
|
| 4 |
|
|
| 9.36 | % |
| 78.7 | % |
| 613 |
|
| 100 | % |
Weighted Average |
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Coupon Excluding MTA |
| 9.41 | % |
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Note: The origination data on this report includes loans secured by second mortgages.