Exhibit 99

NOVASTAR FINANCIAL, INC.

MONTHLY LOAN ORIGINATION DATA

(dollars in thousands) (unaudited)

	For the Month Ended February 28,
	2007		As a % of Total		2006		As a % of Total
Non-conforming Production Volume
Wholesale	$	278,808	72	%	$	416,530	80	%
Correspondent Bulk		89	-			28,719	5
Retail		107,352	28			76,573	15
Total	$	386,249	100	%	$	521,822	100	%
Funding Days in the Month		19				19
Average Originations Per Funding Day	$	20,329			$	27,464
	For the Two Months Ended February 28,
	2007		As a % of Total		2006		As a % of Total
Non-conforming Production Volume
Wholesale	$	864,342	77	%	$	881.029	81	%
Correspondent Bulk		31,975	3			57,219	5
Retail		230,599	20			155,280	14
Total	$	1,126,916	100	%	$	1,093,528	100	%
Year to Date Funding Days		40				39
Average Originations Per Funding Day	$	28,173			$	28,039

NOVASTAR FINANCIAL, INC.

SELECTED NON-CONFORMING LOAN ORIGINATION DATA

(unaudited)

	For the Month Ended February 28, 2007
	Weighted		Weighted		Weighted
	Average		Average		Average	Percent
	Coupon		LTV		FICO	of Total
Summary by Credit Grade
660 and above	7.98	%	83.5	%	698	22	%
620 to 659	8.50		82.7		638	26
580 to 619	8.89		82.9		599	25
540 to 579	9.26		79.0		559	19
539 and below	9.59		74.2		527	8
	8.71	%	81.5	%	617	100	%
Summary by Program Type
2-Year Fixed	9.12	%	82.4	%	599	36	%
2-Year Fixed 40/30	8.62		82.8		621	22
30-Year Fixed	8.47		78.0		617	20
2-Year Fixed Interest-only	8.25		80.4		653	8
40/30-Year Fixed	8.55		78.6		617	5
30/15-Year Fixed	11.54		99.3		663	3
30-Year MTA	2.01		79.7		708	1
Other Products	8.55		79.1		626	5
	8.71	%	81.5	%	617	100	%
Weighted Average
Coupon Excluding MTA	8.82	%

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