EXHIBIT 21.1
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SUBSIDIARIES OF THE REGISTRANT
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NovaStar Financial, Inc., a Maryland corporation, and its
subsidiaries
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Ÿ NovaStar Assets
Corporation, a Delaware corporation
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Ÿ NovaStar Mortgage
Funding Corporation, a Delaware corporation
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Ÿ NovaStar
Certificates Financing Corporation, a Delaware corporation
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Ÿ NovaStar Capital
Access Corporation, a Delaware corporation
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NFI Holding Corporation, a Delaware corporation, and its
subsidiaries
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Ÿ NovaStar
Mortgage, a Virginia corporation
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Ÿ NovaStar Home
Mortgage, Inc., a Delaware corporation
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Ÿ NovaStar Capital,
Inc., a Delaware corporation
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Ÿ NovaStar Mortgage
Funding Corporation II, a Delaware corporation
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Ÿ NovaStar REMIC
Financing Corporation, a Delaware corporation
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