Exhibit 99.1
NOVASTAR FINANCIAL, INC.
MONTHLY LOAN ORIGINATION DATA
(dollars in thousands)
(unaudited)
For the Month Ended June 30, | For the Six Months Ended June 30, | |||||||||||||||||||||||
2005 | As a % of Total | 2004 | As a % of Total | 2005 | As a % of Total | 2004 | As a % of Total | |||||||||||||||||
Non-conforming production volume | ||||||||||||||||||||||||
Non-conforming | ||||||||||||||||||||||||
Wholesale | $ | 730,436 | 79 | % | $ | 496,260 | 68 | % | $ | 3,299,912 | 77 | % | $ | 2,466,998 | 66 | % | ||||||||
Correspondent/Bulk | 45,343 | 5 | % | 40,535 | 5 | % | 312,578 | 7 | % | 245,206 | 6 | % | ||||||||||||
Retail * | 146,341 | 16 | % | 194,240 | 27 | % | 692,993 | 16 | % | 1,049,716 | 28 | % | ||||||||||||
Total non-conforming production volume | $ | 922,120 | 100 | % | $ | 731,035 | 100 | % | $ | 4,305,483 | 100 | % | $ | 3,761,920 | 100 | % | ||||||||
# of funding days in the month | 22 | 21 | 126 | 125 | ||||||||||||||||||||
Average originations per funding day | $ | 41,915 | $ | 34,811 | $ | 34,170 | $ | 30,095 | ||||||||||||||||
Retail production volume * | ||||||||||||||||||||||||
Non-conforming | ||||||||||||||||||||||||
Sold to non-affiliates | $ | 42,423 | 18 | % | $ | 219,606 | 33 | % | $ | 436,416 | 28 | % | $ | 1,083,939 | 29 | % | ||||||||
Retained by NMI | 146,341 | 61 | % | 194,240 | 30 | % | 692,993 | 45 | % | 1,049,716 | 28 | % | ||||||||||||
Total non-conforming | 188,764 | 79 | % | 413,846 | 63 | % | 1,129,409 | 73 | % | 2,133,655 | 57 | % | ||||||||||||
Conforming/Government | 52,102 | 21 | % | 239,165 | 37 | % | 407,828 | 27 | % | 1,641,115 | 43 | % | ||||||||||||
Total retail production volume | $ | 240,866 | 100 | % | $ | 653,011 | 100 | % | $ | 1,537,237 | 100 | % | $ | 3,774,770 | 100 | % | ||||||||
* | Branch production volumes are considered a part of our retail operations and are included within the retail production volumes shown above. |
NOVASTAR FINANCIAL, INC.
SELECTED NON-CONFORMING LOAN ORIGINATION DATA
(Unaudited)
For the Month Ended 6/30/2005 | For the Month Ended 5/31/2005 | For the Month Ended 4/30/2005 | |||||||||||||||||||||||||||||||
Weighted Average Coupon | Weighted Average LTV | Weighted Average FICO | Percent of Total | Weighted Average Coupon | Weighted Average LTV | Weighted Average FICO | Percent of Total | Weighted Average Coupon | Weighted Average LTV | Weighted Average FICO | Percent of Total | ||||||||||||||||||||||
Summary by Credit Grade | |||||||||||||||||||||||||||||||||
660 and above | 7.07 | % | 83.9 | % | 703 | 34 | % | 7.16 | % | 83.6 | % | 702 | 34 | % | 7.32 | % | 83.2 | % | 700 | 33 | % | ||||||||||||
620 to 659 | 7.35 | % | 83.4 | % | 639 | 25 | % | 7.35 | % | 82.0 | % | 639 | 24 | % | 7.52 | % | 82.9 | % | 639 | 23 | % | ||||||||||||
580 to 619 | 7.65 | % | 82.4 | % | 600 | 19 | % | 7.66 | % | 81.8 | % | 600 | 18 | % | 7.78 | % | 82.6 | % | 599 | 19 | % | ||||||||||||
540 to 579 | 8.19 | % | 81.0 | % | 560 | 15 | % | 8.28 | % | 80.8 | % | 558 | 17 | % | 8.30 | % | 80.0 | % | 560 | 18 | % | ||||||||||||
539 and below | 8.81 | % | 77.8 | % | 528 | 7 | % | 9.01 | % | 79.3 | % | 529 | 7 | % | 8.93 | % | 78.3 | % | 528 | 7 | % | ||||||||||||
7.54 | % | 82.6 | % | 634 | 100 | % | 7.62 | % | 82.1 | % | 632 | 100 | % | 7.74 | % | 82.1 | % | 630 | 100 | % | |||||||||||||
Summary by Program Type | |||||||||||||||||||||||||||||||||
2-Year Fixed | 7.77 | % | 83.2 | % | 612 | 57 | % | 7.82 | % | 83.1 | % | 612 | 57 | % | 7.89 | % | 83.1 | % | 612 | 61 | % | ||||||||||||
2-Year Fixed Interest-only | 6.88 | % | 81.9 | % | 673 | 21 | % | 6.95 | % | 81.6 | % | 670 | 19 | % | 7.11 | % | 81.7 | % | 672 | 18 | % | ||||||||||||
3-Year Fixed | 7.19 | % | 80.3 | % | 624 | 1 | % | 7.65 | % | 80.4 | % | 621 | 2 | % | 7.28 | % | 81.7 | % | 646 | 1 | % | ||||||||||||
3-Year Fixed Interest-only | 6.57 | % | 82.1 | % | 673 | 1 | % | 6.16 | % | 78.5 | % | 658 | 1 | % | 6.67 | % | 71.7 | % | 676 | 1 | % | ||||||||||||
5-Year Fixed | 6.98 | % | 80.9 | % | 675 | 0 | % | 6.64 | % | 78.8 | % | 670 | 0 | % | 7.22 | % | 72.3 | % | 651 | 1 | % | ||||||||||||
5-Year Fixed Interest-only | 6.87 | % | 80.4 | % | 682 | 0 | % | 6.75 | % | 78.9 | % | 666 | 0 | % | 6.85 | % | 77.0 | % | 668 | 0 | % | ||||||||||||
15-Year Fixed | 8.09 | % | 78.9 | % | 646 | 2 | % | 7.94 | % | 76.6 | % | 648 | 2 | % | 8.29 | % | 78.5 | % | 637 | 2 | % | ||||||||||||
30-Year Fixed | 7.17 | % | 77.1 | % | 642 | 12 | % | 7.25 | % | 75.5 | % | 641 | 14 | % | 7.27 | % | 75.2 | % | 634 | 12 | % | ||||||||||||
30-Year Fixed Interest-only | 6.89 | % | 79.2 | % | 679 | 1 | % | 6.88 | % | 79.6 | % | 671 | 0 | % | 6.72 | % | 75.9 | % | 681 | 0 | % | ||||||||||||
Other Products | 8.71 | % | 94.3 | % | 681 | 5 | % | 9.09 | % | 94.5 | % | 677 | 5 | % | 10.10 | % | 96.8 | % | 674 | 4 | % | ||||||||||||
7.54 | % | 82.6 | % | 634 | 100 | % | 7.62 | % | 82.1 | % | 632 | 100 | % | 7.74 | % | 82.1 | % | 630 | 100 | % | |||||||||||||