[89 Cobra LX]

I've had a lot of fluid spitting out the back of my tail-pipes upon initial start-up. I understand that it's condensation. But what causes it? My car didn't used to do this with the old motor..........

Thanks

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Eric - 89 Mustang LX coupe
302 - Cobra Intake - GT40p heads - TFS stage 1 cam - FRPP 1.6 roller rockers - Naturally Aspirated
3:73 gears - KYB shocks and struts - Eibach springs - HPM Mega-bite Jr lower control arms - HPM upper control arms