EX-99 2 ex99.htm EXHIBIT 99

Exhibit 99

NOVASTAR FINANCIAL, INC.

MONTHLY LOAN ORIGINATION DATA

(dollars in thousands) (unaudited)

 

 

 

For the Month Ended December 31,

 

 

 

2006

 

As a % of Total

 

2005

 

As a % of Total

 

Non-conforming Production Volume

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale (A)

 

$

743,832

 

81

%

$

597,461

 

81

%

Correspondent Bulk

 

 

78,202

 

9

 

 

41,201

 

5

 

Retail (C)

 

 

95,827

 

10

 

 

101,460

 

14

 

Total

 

$

917,861

 

100

%

$

740,122

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Funding Days in the Month

 

 

20

 

 

 

 

21

 

 

 

Average Originations Per Funding Day

 

$

45,893

 

 

 

$

35,244

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Twelve Months Ended December 31,

 

 

 

2006 (B)

 

As a % of Total

 

2005

 

As a % of Total

 

Non-conforming Production Volume

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale (A)

 

$

8,752,916

 

86

%

$

7,190,478

 

78

%

Correspondent Bulk

 

 

527,119

 

5

 

 

571,362

 

6

 

Retail (C)

 

 

952,646

 

9

 

 

1,521,298

 

16

 

Total

 

$

10,232,681

 

100

%

$

9,283,138

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Funding Days in the Month

 

 

249

 

 

 

 

250

 

 

 

Average Originations Per Funding Day

 

$

41,095

 

 

 

$

37,133

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 December 31, 2006

 

 

 

Weighted

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

Average

 

 

Average

 

 

Average

 

 

Percent

 

 

 

Coupon

 

 

LTV

 

 

FICO

 

 

of Total

 

Summary by Credit Grade

 

 

 

 

 

 

 

 

 

 

 

 

660 and above

 

7.90

%

 

83.9

%

 

703

 

 

28

%

620 to 659

 

8.49

 

 

84.1

 

 

639

 

 

25

 

580 to 619

 

8.77

 

 

83.8

 

 

600

 

 

22

 

540 to 579

 

9.11

 

 

79.7

 

 

559

 

 

16

 

539 and below

 

9.61

 

 

77.8

 

 

527

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.59

%

 

82.7

%

 

625

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary by Program Type

 

 

 

 

 

 

 

 

 

 

 

 

2-Year Fixed

 

9.05

%

 

83.6

%

 

607

 

 

39

%

2-Year Fixed 40/30

 

8.50

 

 

83.0

 

 

623

 

 

19

 

30-Year Fixed

 

8.35

 

 

80.1

 

 

624

 

 

18

 

2-Year Fixed Interest-only

 

8.06

 

 

82.1

 

 

660

 

 

10

 

30/15-Year Fixed

 

11.26

 

 

95.9

 

 

669

 

 

4

 

30-Year MTA

 

1.90

 

 

77.8

 

 

709

 

 

2

 

40/30-Year Fixed

 

8.14

 

 

79.9

 

 

624

 

 

3

 

Other Products

 

8.21

 

 

78.0

 

 

637

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.59

%

 

82.7

%

 

625

 

 

100

%

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

Coupon Excluding MTA

 

8.74

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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