SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 18, 2006
NOVASTAR MORTGAGE FUNDING TRUST, SERIES 2006-3
(Issuing Entity with respect to Certificates)
NOVASTAR MORTGAGE FUNDING CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 333-134461 | 48-1195807 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
8140 Ward Parkway, Suite 300 Kansas City, Missouri | 64114 | |
| (Address of Principal Executive Offices) | (Zip Code) |
NOVASTAR CERTIFICATES FINANCING CORPORATION
(Exact name of co-registrant as specified in its charter)
| Delaware | 333-134461-02 | 48-1194616 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
Registrant’s telephone number, including area code (816) 237-7000
No Change
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry into a Material Definitive Agreement.
NovaStar Mortgage Funding Corporation registered issuances of up to $17,974,575,431 principal amount of Asset-Backed Certificates on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the “Act”), by the Registration Statement on Form S-3 (Registration File No. 333-134461 and No. 333-134461-02) (the “Registration Statement”). Pursuant to the Registration Statement, NovaStar Mortgage Funding Trust, Series 2006-3, issued on June 29, 2006, $1,089,000,000 in aggregate principal amount of its Home Equity Loan Asset-Backed Certificates, Series 2006-3, Class A-1A, Class A-2A, Class A-2B, Class A-2C, Class A-2D, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 Certificates and Class M-10 Certificates (the “Offered Certificates”). Also issued, but not offered by NovaStar Mortgage Funding Trust, Series 2006-3 were its Home Equity Loan Asset-Backed Certificates, Series 2006-3, Class M-11, Class M-9 DSI and Class M-10 DSI, Class M-11 DSI, Class CA and Class CB, Class I and Class R Certificates (and collectively with the Offered Certificates, the “Certificates”).
The Pooling and Servicing Agreement filed in connection with the Certificates is hereby amended pursuant to Amendment Number 1 to the Pooling and Servicing Agreement, dated as of September 18, 2006 attached hereto as Exhibit 4.1, among NovaStar Mortgage Funding Corporation, NovaStar Mortgage, Inc., as seller and servicer, U.S. Bank National Association, as custodian (the “Custodian”), JPMorgan Chase Bank, National Association, as trustee (the “Trustee”) and J.P. Morgan Trust Company, National Association, as co-trustee (the “Co-Trustee”).
Item 9.01 - Financial Statements and Exhibits:
| (a) | Financial Statements of Business Acquired: None |
| (b) | Pro Forma Financial Information: None |
| (c) | Exhibits: |
| 4.1 | Amendment Number 1 to the Pooling and Servicing Agreement, dated as of September 18, 2006, among NovaStar Mortgage Funding Corporation, NovaStar Mortgage, Inc., as seller and servicer, the Custodian, the Trustee and the Co-Trustee. |
| 4.2 | Acknowledgement and Assignment Agreement dated as of September 18, 2006. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 18, 2006
| NOVASTAR MORTGAGE FUNDING CORPORATION | ||
| By: | /s/ Matt Kaltenrieder | |
| Matt Kaltenrieder | ||
| Vice President | ||
Exhibit Index
| Exhibit No. | Description | |
| Exhibit 4.1 | Amendment Number 1 to the Pooling and Servicing Agreement, dated as of September 18, 2006, among NovaStar Mortgage Funding Corporation, NovaStar Mortgage, Inc., as seller and servicer, the Custodian, the Trustee and the Co-Trustee. | |
| Exhibit 4.2 | Acknowledgement and Assignment Agreement dated as of September 18, 2006. | |