EX-99 2 exhibit99.htm EXHIBIT 99

Exhibit 99

NOVASTAR FINANCIAL, INC.

MONTHLY LOAN ORIGINATION DATA

(dollars in thousands)

(unaudited)

 

 

For the Month Ended March 31,

 

 

For the Three Months Ended March 31,

 

 

 

As a %

 

 

 

As a %

 

 

 

 

As a %

 

 

 

As a %

 

2006 (A)

 

of Total

 

2005

 

of Total

 

 

2006 (A)

 

of Total

 

2005

 

of Total

Non-conforming production volume

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-conforming

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale

$ 570,966

 

77%

 

$ 544,936

 

77%

 

 

$ 1,403,650

 

76%

 

$ 1,471,746

 

76%

Correspondent/Bulk

76,921

 

10%

 

38,317

 

5%

 

 

182,485

 

10%

 

184,858

 

9%

Retail (B)

93,410

 

13%

 

125,247

 

18%

 

 

248,690

 

14%

 

291,247

 

15%

Total non-conforming production volume

$ 741,297

 

100%

 

$ 708,500

 

100%

 

 

$ 1,834,825

 

100%

 

$ 1,947,851

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

# of funding days in the month

23

 

 

 

23

 

 

 

 

62

 

 

 

62

 

 

Average originations per funding day

$ 32,230

 

 

 

$ 30,804

 

 

 

 

$ 29,594

 

 

 

$ 31,417

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail production volume (B)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-conforming

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sold to non-affiliates

$ 13,912

 

11%

 

$ 71,454

 

26%

 

 

$ 47,440

 

13%

 

$ 285,190

 

35%

Retained by NMI

93,410

 

72%

 

125,247

 

45%

 

 

248,690

 

69%

 

291,247

 

35%

Total non-conforming

107,322

 

83%

 

196,701

 

71%

 

 

296,130

 

82%

 

576,437

 

70%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conforming/Government

21,761

 

17%

 

79,684

 

29%

 

 

66,747

 

18%

 

246,840

 

30%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total retail production volume

$ 129,083

 

100%

 

$ 276,385

 

100%

 

 

$ 362,877

 

100%

 

$ 823,277

 

100%

 

(A)

Does not include approximately $987 million in bulk purchased MTA loans during the period.

 

(B)

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

(dollars in thousands)

(unaudited)

 

 

 

For the Month Ended 3/31/2006 (A)

 

For the Month Ended 2/28/2006

 

For the Month Ended 1/28/2006

 

Weighted

 

Weighted

 

Weighted

 

 

 

Weighted

 

Weighted

 

Weighted

 

 

 

Weighted

 

Weighted

 

Weighted

 

 

 

Average

 

Average

 

Average

 

Percent

 

Average

 

Average

 

Average

 

Percent

 

Average

 

Average

 

Average

 

Percent

 

Coupon

 

LTV

 

FICO

 

of Total

 

Coupon

 

LTV

 

FICO

 

of Total

 

Coupon

 

LTV

 

FICO

 

of Total

Summary by Credit Grade

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

660 and above

7.76%

 

82.5%

 

700

 

31%

 

7.66%

 

82.7%

 

699

 

30%

 

7.54%

 

81.3%

 

702

 

32%

620 to 659

8.47%

 

82.7%

 

639

 

23%

 

8.40%

 

82.0%

 

640

 

23%

 

8.30%

 

81.4%

 

640

 

25%

580 to 619

8.86%

 

82.8%

 

598

 

23%

 

8.90%

 

81.1%

 

599

 

23%

 

8.89%

 

81.7%

 

600

 

21%

540 to 579

9.35%

 

80.1%

 

560

 

16%

 

9.47%

 

80.4%

 

559

 

16%

 

9.30%

 

79.3%

 

560

 

15%

539 and below

9.68%

 

75.8%

 

527

 

7%

 

9.84%

 

76.8%

 

527

 

8%

 

9.66%

 

76.1%

 

527

 

7%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.57%

 

81.7%

 

627

 

100%

 

8.57%

 

81.3%

 

627

 

100%

 

8.44%

 

80.7%

 

631

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary by Program Type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2-Year Fixed

8.91%

 

81.6%

 

608

 

56%

 

8.95%

 

81.4%

 

607

 

58%

 

8.84%

 

81.1%

 

609

 

58%

2-Year Fixed Interest-only

8.00%

 

81.4%

 

665

 

16%

 

7.85%

 

80.7%

 

662

 

16%

 

7.83%

 

80.5%

 

662

 

17%

3-Year Fixed

8.54%

 

77.0%

 

619

 

1%

 

8.58%

 

80.3%

 

600

 

1%

 

8.49%

 

78.0%

 

624

 

1%

3-Year Fixed Interest-only

7.56%

 

71.5%

 

633

 

0%

 

7.48%

 

85.2%

 

708

 

0%

 

7.43%

 

72.5%

 

671

 

1%

5-Year Fixed

7.87%

 

74.1%

 

685

 

0%

 

7.98%

 

81.7%

 

657

 

1%

 

6.63%

 

71.4%

 

685

 

0%

5-Year Fixed Interest-only

7.59%

 

76.6%

 

666

 

0%

 

7.50%

 

71.9%

 

663

 

0%

 

7.04%

 

79.4%

 

661

 

0%

15-Year Fixed

9.19%

 

82.1%

 

648

 

1%

 

9.32%

 

80.5%

 

627

 

1%

 

9.24%

 

79.3%

 

666

 

1%

30-Year Fixed

8.44%

 

77.5%

 

626

 

11%

 

8.43%

 

75.9%

 

637

 

10%

 

8.02%

 

75.2%

 

646

 

11%

30-Year Fixed Interest-only

8.00%

 

81.0%

 

680

 

0%

 

8.31%

 

78.1%

 

705

 

0%

 

7.73%

 

80.3%

 

673

 

0%

Other Products

9.56%

 

89.1%

 

648

 

12%

 

9.67%

 

89.6%

 

651

 

10%

 

9.72%

 

89.7%

 

659

 

8%

MTA

1.86%

 

76.0%

 

704

 

3%

 

1.87%

 

75.2%

 

702

 

3%

 

1.83%

 

74.9%

 

714

 

3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.57%

 

81.7%

 

627

 

100%

 

8.57%

 

81.3%

 

627

 

100%

 

8.44%

 

80.7%

 

631

 

100%

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Coupon Excluding MTA

8.78%

 

 

 

 

 

 

 

8.78%

 

 

 

 

 

 

 

8.62%

 

 

 

 

 

 

 

(A)

Does not include approximately $987 million in bulk purchased MTA loans during the period.