NovaStar Mortgage Names New CEO

David A. Pazgan has been named president and chief executive officer of NovaStar Mortgage Inc., the primary loan origination unit of residential mortgage lender NovaStar Financial Inc., Kansas City, Mo.Mr. Pazgan was most recently executive vice president of NovaStar, overseeing its wholesale division, and was previously senior vice president of wholesale-East, a regional vice president, and an account executive for FHB Funding, a wholesale subprime originator. He succeeds Lance Anderson, who will become chairman of NovaStar Mortgage and continue as president and chief operating officer of NovaStar Financial, the company reported. NovaStar Mortgage can be found online at http://www.novastarmortgage.com.