EX-99 2 ex99.htm EXHIBIT 99

Exhibit 99

NOVASTAR FINANCIAL, INC.

MONTHLY LOAN ORIGINATION DATA

(dollars in thousands) (unaudited)

 

 

 

For the Month Ended November 30,

 

 

 

2006

 

As a % of Total

 

2005

 

As a % of Total

 

Non-conforming Production Volume

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale (A)

 

$

749,140

 

86

%

$

547,876

 

77

%

Correspondent Bulk

 

 

63,093

 

7

 

 

48,799

 

7

 

Retail (C)

 

 

62,176

 

7

 

 

117,358

 

16

 

Total

 

$

874,409

 

100

%

$

714,033

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Funding Days in the Month

 

 

19

 

 

 

 

19

 

 

 

Average Originations Per Funding Day

 

$

46,022

 

 

 

$

37,581

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Eleven Months Ended November 30,

 

 

 

2006 (B)

 

As a % of Total

 

2005

 

As a % of Total

 

Non-conforming Production Volume

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale (A)

 

$

8,009,084

 

86

%

$

6,593,017

 

77

%

Correspondent Bulk

 

 

448,917

 

5

 

 

530,161

 

6

 

Retail (C)

 

 

856,819

 

9

 

 

1,419,838

 

17

 

Total

 

$

9,314,820

 

100

%

$

8,543,016

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Funding Days in the Month

 

 

229

 

 

 

 

229

 

 

 

Average Originations Per Funding Day

 

$

40,676

 

 

 

$

37,306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 November 30, 2006

 

 

 

Weighted

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

Average

 

 

Average

 

 

Average

 

 

Percent

 

 

 

Coupon

 

 

LTV

 

 

FICO

 

 

of Total

 

Summary by Credit Grade

 

 

 

 

 

 

 

 

 

 

 

 

660 and above

 

7.83

%

 

83.9

%

 

700

 

 

29

%

620 to 659

 

8.63

 

 

83.9

 

 

640

 

 

24

 

580 to 619

 

8.85

 

 

83.9

 

 

600

 

 

23

 

540 to 579

 

9.22

 

 

79.9

 

 

559

 

 

16

 

539 and below

 

9.67

 

 

77.2

 

 

527

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.63

%

 

82.7

%

 

626

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary by Program Type

 

 

 

 

 

 

 

 

 

 

 

 

2-Year Fixed

 

9.15

%

 

83.9

%

 

612

 

 

40

%

2-Year Fixed 40/30

 

8.56

 

 

83.6

 

 

628

 

 

20

 

30-Year Fixed

 

8.52

 

 

78.1

 

 

612

 

 

16

 

2-Year Fixed Interest-only

 

8.12

 

 

82.9

 

 

656

 

 

10

 

30/15-Year Fixed

 

11.36

 

 

96.9

 

 

670

 

 

4

 

30-Year MTA

 

1.94

 

 

78.4

 

 

700

 

 

3

 

40/30-Year Fixed

 

8.36

 

 

78.6

 

 

626

 

 

3

 

Other Products

 

8.31

 

 

76.0

 

 

624

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.63

%

 

82.7

%

 

626

 

 

100

%

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

Coupon Excluding MTA

 

8.85

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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