| Business Summary | | NovaStar
Financial
Inc.
is
an
investor
in
mortgage
assets,
with
a
focus
on
non-conforming
mortgage
loans.
Novastar
Financial's
mortgage
assets
have
primarily
come
from
the
wholesale
origination
of
single-family
non-conforming
loans
of
Novastar
Mortgage,
Inc.,
a
subsidiary
of
Novastar
Financial's
affiliate,
NFI
Holding
Corporation.
Novastar
Financial
invests
in
non-conforming
residential
mortgage
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Novastar
Financial,
Inc.
acquires
subprime
mortgage
loans
and
mortgage
securities
and
manages
the
resulting
portfolio
of
mortgage
assets.
For
the
six
months
ended
6/30/01,
revenues
increased
5%
to
$26.7
million.
Net
income
applicable
to
Common
before
accounting
change
totalled
$7.8
million,
up
from
$308
thousand.
Revenues
reflect
creased
mortgage
loan
interests.
Earnings
also
reflect
$9.6
million
in
gains
from
mortgage
assets
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Scott Hartman, 41 Chairman
and CEO | $375K | W. Lance Anderson, 40 Pres,
COO | 375K | Michael Bamburg, 38 Sr.
VP and CIO | 332K | Rodney Schwatken, 37 VP,
Treasurer, Controller, CAO | 117K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|