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NovaStar Mortgage

NovaStar Home Mortgage, Inc. (NHMI) is a national lender doing business in all 50 states. NHMI is a subsidiary of NFI, NovaStar Financial Inc., a publicly traded company traded on the NYSE under NFI. NHMI operates as both a broker and a lender, and offers over 300 different mortgage products and outlets to its customers. NHMI will fund over $1 Billion in mortgage transactions in 2001, ranking NHMI in the top 10 of all mortgage brokers in the United States, when ranked by volume.

NovaStar Mortgage, originates primarily single-family, non-conforming loans via a network of thousands of brokers and more than 250 salespeople throughout the country. Through its recently established retail business, NovaStar Mortgage originates loans via the phone and mail. The REIT handles the loan process from start to finish: Following origination, it securitizes and sells the loans, while continuing to maintain contact with borrowers.

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