<PAGE> 1
NovaStar Mortgage Funding Trust
NovaStar Home Equity Loan Asset-Backed Notes
Series 2000-1
Statement To Bondholder
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 216,200,000.00 213,805,660.04 1,247,422.40 1,647,020.30 2,894,442.70 0.00 0.00 212,158,639.74
M-1 4,600,000.00 4,600,000.00 27,988.13 0.00 27,988.13 0.00 0.00 4,600,000.00
M-2 2,760,000.00 2,760,000.00 18,287.88 0.00 18,287.88 0.00 0.00 2,760,000.00
M-3 2,760,000.00 2,760,000.00 21,507.88 0.00 21,507.88 0.00 0.00 2,760,000.00
A-IO 229,958,462.70 227,494,111.30 775,831.70 0.00 775,831.70 0.00 0.00 225,958,639.80
O 3,680,000.00 3,680,000.00 0.00 0.00 0.00 0.00 0.00 3,680,000.00
P 100.00 100.00 42,131.41 0.00 42,131.41 0.00 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
TOTALS 459,958,562.70 223,925,660.04 2,133,169.40 1,647,020.30 3,780,189.70 0.00 0.00 222,278,639.74
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE | PASS-THROUGH
PRIOR CURRENT | RATES
PRINCIPAL PRINCIPAL |
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE | CURRENT NEXT
----------------------------------------------------------------------------------------------------------------------------------
|
A-1 66987WAG2 988.925347 5.769761 7.618040 13.387802 981.307307 | 7.001250% 6.970000%
M-1 66987WAH0 1,000.000000 6.084376 0.000000 6.084376 1,000.000000 | 7.301250% 7.270000%
M-2 66987WAJ6 1,000.000000 6.626043 0.000000 6.626043 1,000.000000 | 7.951250% 7.920000%
M-3 66987WAK3 1,000.000000 7.792710 0.000000 7.792710 1,000.000000 | 9.351250% 9.320000%
A-IO 66987WAL1 989.283493 3.373791 0.000000 3.373791 982.606324 | 4.092405% -
O N/A 1,000.000000 0.000000 0.000000 0.000000 1,000.000000 | 0.000000% -
P N/A - - - - - | - -
|
----------------------------------------------------------------------------------------------------------------------------------
Seller: | NovaStar Financial, Inc. |
Servicer: | NovaStar Mortgage Corporation |
Record Date: | June 30, 2000 |
Distribution Date: | July 25, 2000 |
----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 2
</TABLE>
<PAGE> 2
NovaStar Mortgage Funding Trust
NovaStar Home Equity Loan Asset-Backed Notes
Series 2000-1
Statement To Bondholder
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Distribution Date: July 25, 2000
----------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
AGGREGATE COLLECTIONS FROM THE MORTGAGE LOANS
-------------------------------------------------------------------------------------------
Available Funds 3,274,167.61
Total Servicer Advances 0.00
Total Compensating Interest 0.00
-------------------------------------------------------------------------------------------
AGGREGATE BEGINNING PRINCIPAL BALANCE OF MORTGAGE LOANS 227,494,111.30
AGGREGATE ENDING PRINCIPAL BALANCE OF MORTGAGE LOANS 225,958,639.80
AVAILABLE FUNDS CAP CARRYFORWARD AMOUNT 0.00
CREDIT ENHANCEMENT PERCENTAGE 6.10731%
CUMULATIVE REALIZED LOSSES 0.00
CURRENT REALIZED LOSSES 0.00
LOAN COUNT 2,084
PREPAYMENT INTEREST SHORTFALLS 0.00
PRINCIPAL PREPAYMENTS 1,410,011.87
REQUIRED SUBORDINATION 3,680,000.00
SUBORDINATION AMOUNT 3,568,451.18
SUBORDINATION DECREASE 0.00
SUBORDINATION INCREASE 111,548.82
SUPPLEMENTAL INTEREST PAYMENT 0.00
UNPAID INTEREST SHORTFALL AMOUNT 0.00
WEIGHTED AVERAGE MORTGAGE RATE 9.72420%
60-DAY DELINQUENCY PERCENTAGE 0.28324%
90-DAY DELINQUENCY PERCENTAGE 0.15061%
ROLLING 60-DAY DELINQUENCY PERCENTAGE 0.32415%
ROLLING 90-DAY DELINQUENCY PERCENTAGE 0.16406%
-----------------------------------------------------------------------------------------------------------
DELINQUENCY REO
INFORMATION 30-59 DAYS 60-89 DAYS 90 + DAYS FORECLOSURE PROPERTY
-----------------------------------------------------------------------------------------------------------
DELINQUENT BALANCE 2,100,743.91 299,678.93 47,886.19 292,428.90 0.00
NUMBER OF LOANS 17 4 1 3 0
-----------------------------------------------------------------------------------------------------------
-----------------------------------------
SUBSEQUENT CURRENT
MORTGAGE LOANS PERIOD
-----------------------------------------
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
-----------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Page 2 of 2
</TABLE>
