<PAGE> 1
NovaStar Mortgage Funding Trust
NovaStar Home Equity Loan Asset-Backed Notes
Series 2000-1
Statement To Bondholder
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<CAPTION>
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DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 216,200,000.00 215,746,200.60 1,167,726.31 647,083.76 1,814,810.07 0.00 0.00 215,099,116.84
M-1 4,600,000.00 4,600,000.00 26,047.50 0.00 26,047.50 0.00 0.00 4,600,000.00
M-2 2,760,000.00 2,760,000.00 17,123.50 0.00 17,123.50 0.00 0.00 2,760,000.00
M-3 2,760,000.00 2,760,000.00 20,343.50 0.00 20,343.50 0.00 0.00 2,760,000.00
A-IO 229,958,462.70 229,546,200.60 664,090.20 0.00 664,090.20 0.00 0.00 228,899,116.90
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 0.00 0.00 0.00 0.00 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 459,958,562.70 225,866,200.60 1,895,331.01 647,083.76 2,542,414.77 0.00 0.00 225,219,116.84
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE | PASS-THROUGH
PRIOR CURRENT | RATES
PRINCIPAL PRINCIPAL |
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE | CURRENT NEXT
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|
A-1 66987WAG2 997.901020 5.401139 2.992987 8.394126 994.908033 | 6.495000% 6.960000%
M-1 66987WAH0 1,000.000000 5.662500 0.000000 5.662500 1,000.000000 | 6.795000% 7.260000%
M-2 66987WAJ6 1,000.000000 6.204167 0.000000 6.204167 1,000.000000 | 7.445000% 7.910000%
M-3 66987WAK3 1,000.000000 7.370833 0.000000 7.370833 1,000.000000 | 8.845000% 9.310000%
A-IO 66987WAL1 998.207232 2.887870 0.000000 2.887870 995.393317 | 6.237602% -
O N/A 1,000.000000 0.000000 0.000000 0.000000 1,000.000000 | 0.000000% -
P N/A 1,000.000000 0.000000 0.000000 0.000000 1,000.000000 | 0.000000% -
|
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Seller: | NovaStar Financial, Inc. |
Servicer: | NovaStar Mortgage Corporation |
Record Date: | April 30, 2000 |
Distribution Date: | May 25, 2000 |
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<PAGE> 2
NovaStar Mortgage Funding Trust
NovaStar Home Equity Loan Asset-Backed Notes
Series 2000-1
Statement To Bondholder
<TABLE>
<CAPTION>
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<S> <C> <C> <C> <C> <C>
Distribution Date: May 25, 2000
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AGGREGATE COLLECTIONS FROM THE MORTGAGE LOANS
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Available Funds 1,645,593.30
Total Servicer Advances 0.00
Total Compensating Interest 0.00
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AGGREGATE BEGINNING PRINCIPAL BALANCE OF MORTGAGE LOANS 229,546,200.60
AGGREGATE ENDING PRINCIPAL BALANCE OF MORTGAGE LOANS 228,899,116.90
AVAILABLE FUNDS CAP CARRYFORWARD AMOUNT 0.00
CREDIT ENHANCEMENT PERCENTAGE 6.02886%
CUMULATIVE REALIZED LOSSES 0.00
CURRENT REALIZED LOSSES 0.00
LOAN COUNT 1,173
PREPAYMENT INTEREST SHORTFALLS 0.00
PRINCIPAL PREPAYMENTS 573,238.47
REQUIRED SUBORDINATION 3,680,000.00
SUBORDINATION AMOUNT 3,680,000.00
SUBORDINATION DECREASE 0.00
SUBORDINATION INCREASE 0.00
SUPPLEMENTAL INTEREST PAYMENT 0.00
UNPAID INTEREST SHORTFALL AMOUNT 0.00
WEIGHTED AVERAGE MORTGAGE RATE 9.53308%
60-DAY DELINQUENCY PERCENTAGE 0.31275%
90-DAY DELINQUENCY PERCENTAGE 0.06265%
ROLLING 60-DAY DELINQUENCY PERCENTAGE 0.18756%
ROLLING 90-DAY DELINQUENCY PERCENTAGE 0.03133%
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DELINQUENCY REO
INFORMATION 30-59 DAYS 60-89 DAYS 90 + DAYS PROPERTY FORECLOSURE
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DELINQUENT BALANCE 271,462.83 317,908.22 0.00 0.00 79,638.85
NUMBER OF LOANS 4 3 0 0 1
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SUBSEQUENT CURRENT
MORTGAGE LOANS PERIOD
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PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
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