Exhibit 99
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands) (unaudited)
| For the Month Ended June 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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Wholesale |
| $ | 158,013 |
| 62 | % | $ | 942,004 |
| 89 | % |
Correspondent Bulk |
|
| 54 |
| 0 |
|
| 30,568 |
| 3 |
|
Retail |
|
| 96,407 |
| 38 |
|
| 88,643 |
| 8 |
|
Total |
| $ | 254,474 |
| 100 | % | $ | 1,061,215 |
| 100 | % |
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|
Funding Days in the Month |
|
| 21 |
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|
| 22 |
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|
Average Originations Per Funding Day |
| $ | 12,118 |
|
|
| $ | 48,237 |
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| For the Six Months Ended June 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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Wholesale |
| $ | 1,518,410 |
| 69 | % | $ | 3,836,726 |
| 82 | % |
Correspondent Bulk |
|
| 46,276 |
| 2 |
|
| 311,424 |
| 7 |
|
Retail |
|
| 650,722 |
| 29 |
|
| 503,261 |
| 11 |
|
Total |
| $ | 2,215,408 |
| 100 | % | $ | 4,651,411 |
| 100 | % |
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Year to Date Funding Days |
|
| 126 |
|
|
|
| 126 |
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|
Average Originations Per Funding Day |
| $ | 17,583 |
|
|
| $ | 36,916 |
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NOVASTAR FINANCIAL, INC.
SELECTED NON-CONFORMING LOAN ORIGINATION DATA
(unaudited)
|
| For the Month Ended June 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 |
| 8.01 | % |
| 82.4 | % |
| 698 |
|
| 24 | % |
620 to 659 |
| 8.79 |
|
| 82.2 |
|
| 639 |
|
| 27 |
|
580 to 619 |
| 9.34 |
|
| 79.3 |
|
| 599 |
|
| 25 |
|
540 to 579 |
| 9.45 |
|
| 73.8 |
|
| 560 |
|
| 17 |
|
539 and below |
| 10.17 |
|
| 70.2 |
|
| 526 |
|
| 7 |
|
|
| 8.94 | % |
| 79.3 | % |
| 622 |
|
| 100 | % |
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Summary by Program Type |
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2-Year Fixed |
| 9.65 | % |
| 81.3 | % |
| 607 |
|
| 31 | % |
2-Year Fixed 40/30 |
| 9.24 |
|
| 83.0 |
|
| 621 |
|
| 26 |
|
30-Year Fixed |
| 8.32 |
|
| 74.7 |
|
| 630 |
|
| 24 |
|
40/30-Year Fixed |
| 8.37 |
|
| 76.6 |
|
| 621 |
|
| 7 |
|
2-Year Fixed Interest-only |
| 8.94 |
|
| 82.9 |
|
| 649 |
|
| 4 |
|
15-Year Fixed |
| 8.42 |
|
| 67.5 |
|
| 632 |
|
| 3 |
|
Other Products |
| 7.31 |
|
| 76.9 |
|
| 657 |
|
| 5 |
|
|
| 8.94 | % |
| 79.3 | % |
| 622 |
|
| 100 | % |
Weighted Average |
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Coupon Excluding MTA |
| 9.02 | % |
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Note: The origination data on this report includes loans secured by second mortgages.