EX-20.1 2 g66087bex20-1.txt MONTHLY STATEMENT 1 NovaStar Home Equity Loan Trust NovaStar Home Equity Loan Asset-Backed Bonds Series 1998-2 Statement To Bondholder

Page 1 of 2 2 NovaStar Home Equity Loan Trust NovaStar Home Equity Loan Asset-Backed Bonds Series 1998-2 Statement To Bondholder ------------------------------------------------------------------------------------------------------------------------ Distribution Date: September 25, 1998 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------------- Aggregate Collections From the Mortgage Loans -------------------------------------------------------------------------------- Total Collection on Pool 8,106,488.97 Total Servicer Advances 0.00 Total Compensating Interest 0.00 -------------------------------------------------------------------------------- Available Funds Cap Carry-Forward Amount 0.00 Aggregate Unpaid Available Funds Cap Carry-Forward Amount 0.00 Current Period Insured Payments Paid by Insurer 0.00 Aggregate Unreimbursed Insured Amounts Payable to Insurer 0.00 Aggregate Beginning Principal Balance of Mortgage Loans 272,360,470.95 Aggregate Ending Principal Balance of Mortgage Loans 270,297,429.33 Required Subordination Amount 11,970,000.00 Current Subordination Amount 3,939,407.03 Subordination Increase Amount 3,939,407.03 Subordination Reduction Amount 0.00 Net Monthly Excess Cashflow 0.00 Unpaid Accrued Interest 0.00 Current Realized Loss on Mortgage Loans 0.00 Aggregate Realized Loss on Mortgage Loans 0.00 Weighted Average Net Mortgage Rate 9.38649950% -------------------------------------------------------------------------------------- DELINQUENCY DELINQUENT DELINQUENT DELINQUENT LOANS IN REO INFORMATION 30-59 DAYS 60-89 DAYS 90 + DAYS FORECLOSURE PROPERTY -------------------------------------------------------------------------------------- PRINCIPAL BALANCE 2,798,275.38 681,594.97 472,954.82 1,005,114.54 0.00 NUMBER OF LOANS 32 7 5 10 0 -------------------------------------------------------------------------------------- ---------------------------------------------------------------- REPURCHASE Current Cumulative INFORMATION Period History ---------------------------------------------------------------- PRINCIPAL BALANCE 0.00 0.00 NUMBER OF LOANS 0 0 ---------------------------------------------------------------- Cumulative Loss Percentage 0.00000% Delinquency Percentage 0.17498% Rolling Delinquency Percentage 0.17498% Prepayment Interest Shortfalls 0.00 Relief Act Shortfalls 0.00 ------------------------------------------------------------------------------------------------------------------------

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NOVASTAR MORTGAGE FUNDING TRUST SERIES 1998-2 8-K