Novastar Mortgage Inc. - NFI- Profile

NovaStar Financial, Inc.. The Group's principal activity is that of an investment trust. It originates, invests in and services residential nonconforming loans. It operates through three inter-related divisions: Mortgage Lending and Loan Servicing, Mortgage Portfolio Management and Branch operations. Mortgage Lending and Loan Servicing provides marketing, underwriting and funding of loan production. Servicing Operations represent the income and costs to service on and off-balance sheet loans. Mortgage Portfolio Management invests in assets generated from singe-family and residential mortgage loans. Branch includes he collective income generated by NovaStar Home Mortgage brokers and the associated operating costs. It operates in United States. Originate conforming and non-conforming residential mortgage loans and manage retail mortgage broker business