Patrick Harden

When Will NovaStar Close Its Securitization Deal?

I apologize to readers, but due to a botched Excel dump, I have some of facts regarding the hung NovaStar securitization incorrect. A corrected article is available at mreits.blogspot.com.

Despite the inaccuracies, the thesis of my article remains intact. NMFT 2007-3 has solid underlying collateral, and in a "normal" credit environment, should have already closed.