Nov 25, 2007

NovaStar Financial Inc.

Part of a series The Great American Write-Down

NovaStar Financial Inc. (NFI) From a Jonathan Stempel article in Reuters: “NEW YORK, Nov 15 (Reuters) - NovaStar Financial Inc. shares fell as much as 63 percent on Thursday after the troubled subprime mortgage lender posted a $598 million third-quarter loss and said bankruptcy is possible.”

Mr. Stempel pens an interesting article about NovaStar and if you’re looking for a more in-depth look at the company, click here.