Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands) (unaudited)
| For the Month Ended May 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 |
| $ | 155,965 |
| 61 | % | $ | 853,284 |
| 86 | % |
Correspondent Bulk |
|
| 861 |
| 0 |
|
| 41,006 |
| 4 |
|
Retail |
|
| 99,939 |
| 39 |
|
| 93,134 |
| 10 |
|
Total |
| $ | 256,765 |
| 100 | % | $ | 987,424 |
| 100 | % |
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|
Funding Days in the Month |
|
| 22 |
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|
| 22 |
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|
Average Originations Per Funding Day |
| $ | 11,671 |
|
|
| $ | 44,883 |
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| For the Five Months Ended May 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 |
| $ | 1,360,397 |
| 70 | % | $ | 2,894,722 |
| 81 | % |
Correspondent Bulk |
|
| 46,222 |
| 2 |
|
| 280,856 |
| 8 |
|
Retail |
|
| 554,315 |
| 28 |
|
| 414,618 |
| 11 |
|
Total |
| $ | 1,960,934 |
| 100 | % | $ | 3,590,196 |
| 100 | % |
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|
Year to Date Funding Days |
|
| 105 |
|
|
|
| 104 |
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|
Average Originations Per Funding Day |
| $ | 18,676 |
|
|
| $ | 34,521 |
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NOVASTAR FINANCIAL, INC.
SELECTED NON-CONFORMING LOAN ORIGINATION DATA
(unaudited)
|
| For the Month Ended May 31, 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 |
| 8.89 | % |
| 86.4 | % |
| 696 |
|
| 21 | % |
620 to 659 |
| 9.37 |
|
| 83.0 |
|
| 639 |
|
| 25 |
|
580 to 619 |
| 9.67 |
|
| 79.3 |
|
| 599 |
|
| 23 |
|
540 to 579 |
| 10.00 |
|
| 75.1 |
|
| 559 |
|
| 19 |
|
539 and below |
| 10.35 |
|
| 70.8 |
|
| 528 |
|
| 12 |
|
|
| 9.57 | % |
| 79.9 | % |
| 614 |
|
| 100 | % |
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Summary by Program Type |
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2-Year Fixed |
| 10.14 | % |
| 81.3 | % |
| 603 |
|
| 37 | % |
2-Year Fixed 40/30 |
| 9.57 |
|
| 82.3 |
|
| 616 |
|
| 27 |
|
30-Year Fixed |
| 9.12 |
|
| 74.6 |
|
| 610 |
|
| 18 |
|
40/30-Year Fixed |
| 9.31 |
|
| 76.6 |
|
| 610 |
|
| 6 |
|
2-Year Fixed Interest-only |
| 9.11 |
|
| 85.5 |
|
| 660 |
|
| 5 |
|
15-Year Fixed |
| 8.91 |
|
| 71.4 |
|
| 617 |
|
| 2 |
|
Other Products |
| 8.01 |
|
| 76.6 |
|
| 646 |
|
| 5 |
|
|
| 9.57 | % |
| 79.9 | % |
| 614 |
|
| 100 | % |
Weighted Average |
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Coupon Excluding MTA |
| 9.62 | % |
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Note: The origination data on this report includes loans secured by second mortgages.