Scott F. Hartman

SCOTT F. HARTMAN is a co-founder, Chairman of the Board and Chief
Executive Officer of NovaStar Financial, Inc., and has been a member of
the Board of Directors since 1996. His primary responsibilities are to
interact with the capital markets and oversee the portfolio of
investments and the securitization of mortgage loan production. Mr.
Hartman served from February 1995 to June 1996 as Executive Vice
President of Dynex Capital, Inc. His responsibilities while at Dynex
included managing a $4 billion investment portfolio, overseeing the
securitization of mortgage loans originated through Dynex’s mortgage
operations and the administration of the securities issued by Dynex. For
the previous three years he had served as a consultant to Dynex. Mr.
Hartman also serves as a Director and Vice Chairman of NovaStar
Mortgage.