NovaStar Financial Plunges

HP posts higher earnings; JetBlue forecasts profit margins; plus more stocks in the news Wednesday

NovaStar Financial (NFI) falls sharply after the mortgage lender posts $0.39 fourth quarter loss, vs. $0.84 EPS a year ago, on 19% lower net interest income. It says credit performance of its portfolio deteriorated, resulting in impairments and additional loss provisions. It says it is considering dropping its REIT status after 2007.

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