NovaStar Financial, Inc. is one of the nation's leading lenders and investors in nonconforming residential mortgage loans. Founded in 1996, NovaStar efficiently brings together the capital markets and American families financing their homes.

NovaStar focuses on single-family, nonconforming mortgage loans, involving borrowers whose loan size, credit details or other circumstances fall outside conventional agency mortgage loan guidelines. In a well-managed portfolio, these loans offer higher net interest margins than conventional agency loans.

NovaStar originates loans nationwide through NovaStar affiliated mortgage brokers.

As a Real Estate Investment Trust (REIT), NovaStar generates most of its earnings through mortgage securities held in portfolio and has put in place long-term funding for our mortgage lending by pooling loans as collateral for bonds and selling a portion of these securities to investors. In the process, NovaStar retains a high-return portfolio of securities backed by specified cash flows from these loans. (continued below)

NovaStar serves the nationwide market from its headquarters in Kansas City, Missouri. Their loan origination groups are based in Orange County, California, Cleveland, Ohio and Flint, Michigan. Retail operations are conducted from offices in Kansas City, Orange County and the Baltimore, Maryland, area.