EX-99 2 ex99.htm EXHIBIT 99

Exhibit 99

NOVASTAR FINANCIAL, INC.

MONTHLY LOAN ORIGINATION DATA

(dollars in thousands) (unaudited)

 

 

 

For the Month Ended October 31,

 

 

 

2006

 

As a % of Total

 

2005

 

As a % of Total

 

Non-conforming Production Volume

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale (A)

 

$

751,888

 

88

%

$

568,698

 

76

%

Correspondent Bulk

 

 

22,442

 

3

 

 

42,127

 

6

 

Retail (C)

 

 

78,791

 

9

 

 

133,359

 

18

 

Total

 

$

853,121

 

100

%

$

744,184

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Funding Days in the Month

 

 

21

 

 

 

 

20

 

 

 

Average Originations Per Funding Day

 

$

40,625

 

 

 

$

37,209

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Ten Months Ended October 31,

 

 

 

2006 (B)

 

As a % of Total

 

2005

 

As a % of Total

 

Non-conforming Production Volume

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale (A)

 

$

7,259,944

 

86

%

$

6,045,140

 

77

%

Correspondent Bulk

 

 

385,824

 

5

 

 

481,363

 

6

 

Retail (C)

 

 

794,643

 

9

 

 

1,302,480

 

17

 

Total

 

$

8,440,411

 

100

%

$

7,828,983

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Funding Days in the Month

 

 

210

 

 

 

 

210

 

 

 

Average Originations Per Funding Day

 

$

40,192

 

 

 

$

37,281

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)

Starting in April of 2006 correspondent loans purchased on a flow basis are being included in the wholesale channel. Prior periods have been reclassified to reflect this change.

 

(B)

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

 

(C)

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 October 31, 2006

 

 

 

Weighted

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

Average

 

 

Average

 

 

Average

 

 

Percent

 

 

 

Coupon

 

 

LTV

 

 

FICO

 

 

of Total

 

Summary by Credit Grade

 

 

 

 

 

 

 

 

 

 

 

 

660 and above

 

7.94

%

 

84.5

%

 

703

 

 

26

%

620 to 659

 

8.63

 

 

84.3

 

 

640

 

 

24

 

580 to 619

 

8.93

 

 

83.8

 

 

600

 

 

25

 

540 to 579

 

9.29

 

 

79.7

 

 

559

 

 

18

 

539 and below

 

9.71

 

 

75.8

 

 

527

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.72

%

 

82.8

%

 

624

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary by Program Type

 

 

 

 

 

 

 

 

 

 

 

 

2-Year Fixed

 

9.21

%

 

83.4

%

 

609

 

 

43

%

2-Year Fixed 40/30

 

8.60

 

 

82.7

 

 

622

 

 

19

 

30-Year Fixed

 

8.59

 

 

79.3

 

 

618

 

 

15

 

2-Year Fixed Interest-only

 

8.13

 

 

82.3

 

 

657

 

 

10

 

30/15-Year Fixed

 

11.36

 

 

99.4

 

 

664

 

 

4

 

30-Year MTA

 

2.01

 

 

80.5

 

 

699

 

 

3

 

40/30-Year Fixed

 

8.19

 

 

77.4

 

 

619

 

 

3

 

Other Products

 

8.57

 

 

79.0

 

 

635

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.72

%

 

82.8

%

 

624

 

 

100

%

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

Coupon Excluding MTA

 

8.92

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: The origination data on this report includes loans secured by second mortgages.