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NOVASTAR FINL INC, (NFI) Stock Rating Learn More
| Our Overall Rating on NOVASTAR FINL INC, NFI is Not Available | | NovaStar Financial, Inc. and subsidiaries operate as a specialty finance company that originates, purchases, invests in, and services residential nonconforming loans in the United States. It offers a range of mortgage loan products to borrowers. The company operates through three segments: Mortgage Portfolio Management, Mortgage Lending and Loan Servicing, and Branch Operations. The Mortgage Portfolio Management segment invests in assets generated primarily from its origination and purchase of nonconforming, single family, and residential mortgage loans. It provides finance by issuing asset-backed bonds and entering into reverse repurchase agreements. This segmentÂ’s mortgage securities include AAA and nonrated interest only, prepayment penalty, overcollateralization, and other subordinated mortgage securities. The Mortgage Lending and Loan Servicing segment originates and purchases primarily nonconforming and single-family residential mortgage loans through its mortgage securities investment portfolio loan origination network, which includes wholesale loan brokers, correspondent institutions, and direct to consumer operations. It retains interests in the nonconforming loans. This segment also underwrites, processes, funds, and services the nonconforming mortgage loans. The Branch Operation segment provides an additional source for mortgage loan originations, which it sells either in securitizations or in outright sales to third parties. The company has elected to be taxed as a real estate investment trust (REIT). As a REIT, it would not be subject to federal income tax, if it distributes atleast 900f its taxable income to its shareholders. NovaStar Financial was founded in 1996 and is headquartered in Kansas, Missouri. | | Our Not Available Rating on NFI was issued on 11/22/2008 |
NOVASTAR FINL INC Technical Rating
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NOVASTAR FINANCIAL INC Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stan (EDGAR Online)
NOVASTAR FINANCIAL INC Files SEC form 8-K, Costs Associated with Exit or Disposal Activities (EDGAR Online)
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NOVASTAR FINANCIAL INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibi (EDGAR Online)
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