NovaStar Financial Inc., a residential mortgage lender based in Kansas City, Mo., has issued a $201 million net interest margin security.The deal -- NovaStar NIM Trust, series 2004-N3 -- consisted of one class of certificates. The bonds are collateralized, self-amortizing debt issued to finance residual securities assets from two NovaStar securitizations, the company said. RBS Greenwich Capital and Wachovia Securities were the lead managers of the deal. NovaStar can be found on the Web at http://www.novastarmortgage.com.
Processing Content
