Covering NovaStar Financial Inc. during the past 10 years has been kind of like watching one of the “Terminator” movies: Just when you think it suffered a death blow, it starts moving again.
Today, it’s known as Novation Cos. Inc., but a subsidiary of that company, NovaStar Mortgage Inc., is back in the news related to the enterprise’s subprime mortgage lending past.
At one point, the company was making about $11 billion in mortgage loans a year. However, the housing bubble burst, the financial…
Covering NovaStar Financial Inc. during the past 10 years has been kind of like watching one of the “Terminator” movies: Just when you think it suffered a death blow, it starts moving again.
Today, it’s known as Novation Cos. Inc., but a subsidiary of that company, NovaStar Mortgage Inc., is back in the news related to the enterprise’s subprime mortgage lending past.
At one point, the company was making about $11 billion in mortgage loans a year. However, the housing bubble burst, the financial…