NovaStar Mortgage Funding Trust, Series 2005-2 Watch

from 8-K 49 pages Novastar Mortgage, Inc. as Seller, Novastar Mortgage Funding Corporation as Company, Wachovia Bank, National Association as Custodian and Jpmorgan Chase Bank, National Association as Trustee Mortgage Loan Purchase Agreement Dated as of May 1, 2005 Fixed and Adjustable Rate Mortgage Loans NovaStar Mortgage Funding Trust, Series 2005-2 Novastar Home Equity Loan Asset-Backed Certificate, Series 2005-2

from 8-K 275 pages Novastar Mortgage Funding Corporation, as Company Novastar Mortgage, Inc., as Servicer and as Seller Wachovia Bank, National Association as Custodian Jpmorgan Chase Bank, National Association as Trustee and J.P. Morgan Trust Company, National Association as Co-Trustee Pooling and Servicing Agreement Dated as of May 1, 2005 NovaStar Mortgage Funding Trust, Series 2005-2 Novastar Home Equity Loan Asset-Backed Certificates, Series 2005-2