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Home > Company Index > Real Estate > REIT - Mortgage Investment > NovaStar Financial, Inc.

NovaStar Financial, Inc.
NYSE: NFI
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 NEWS FROM THE WIRES
Asset-Backeds-RFC, Nissan price fixed-rate deals
Aug 23 2001 02:35 PM PDT

Asset-Backeds-Issuance relatively heavy
Aug 22 2001 02:45 PM PDT

NovaStar seen offering $788 mln home equity ABS
Aug 22 2001 10:43 AM PDT

More WIRE STORIES about this company

 PROFILE
NovaStar Financial is a real estate investment trust (REIT) that specializes in subprime single-family residential mortgage loans. Subprime loans are generally high-risk loans made to individuals who have bad credit but also have equity in their homes. NovaStar handles the loan process from start to finish -- it originates loans through affiliate NovaStar Mortgage, then securitizes and sells these loans while continuing to maintain contact with borrowers. The REIT also purchases mortgage loans on the secondary market. NovaStar Financial operates in 45 states, though almost a third of its loans originate in California and Florida. Mutual fund firm Wallace R. Weitz & Company owns more than half of the company.

 COMPETITION
American Residential Investment Trust, Inc. (INV)
Equitex, Inc. (EQTX)
Hanover Capital Mortgage Holdings, Inc. (HCM)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 48.80
1-Yr. Sales Growth: (26.8)%
Employees: 532
Revenue per employee: $91,729.32

 KEY PEOPLE
• Scott F. Hartman
    CEO
• Michael L. Schwatken
    CFO

 CONTACT INFO
1901 W. 47th Place, Ste. 105
Westwood, KS 66205
US
Phone: 913-362-1090
Fax: 913-514-3515
Online: Web Site

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