Origen Financial Announces Exercise of Over-Allotment Option

Origen Financial Announces Exercise of Over-Allotment Option



SOUTHFIELD, Mich., June 9  /PRNewswire-FirstCall/ -- Origen Financial, Inc.
(NASDAQ:ORGN) announced today that the underwriters for its recently completed
initial public offering of 8,000,000 shares of common stock have purchased an
additional 625,900 shares at the initial offering price of $8.00 per share
pursuant to the over-allotment option granted to the underwriters in connection
with the offering.  The aggregate gross proceeds to Origen from the offering
were approximately $69.0 million, including gross proceeds of approximately
$5.0 million from the sale of the over-allotment shares.  The common shares
will be issued pursuant to a registration statement that has been declared
effective by the Securities and Exchange Commission.  Lehman Brothers is the
managing underwriter of the offering, and Credit Suisse First Boston and
Flagstone Securities are co-managers of the offering.

Origen is an internally managed and internally advised company that has elected
to be taxed as a real estate investment trust (REIT).  Based in Southfield,
Michigan, with significant operations in Ft. Worth, Texas, Origen is a national
consumer manufactured home lender and servicer.  It offers a complete line of
home only products and land home conforming and non- conforming products. 
Origen also provides servicing for manufactured home only and land home loans.

This press release contains forward-looking statements within the meaning of
the federal securities laws.  You should exercise caution in interpreting and
relying on forward-looking statements because they involve known and unknown
risks, uncertainties and other factors which are, in some cases, beyond
Origen's control and could materially affect actual results, performance or
achievements.  Registration statements relating to Origen's securities have
been filed with and declared effective by the Securities and Exchange
Commission.  This press release does not and will not constitute an offer to
sell or the solicitation of an offer to buy Origen's securities.  For more
information about Origen, visit http://origenfinancial.com/ . 

DATASOURCE: Origen Financial, Inc.



CONTACT:  W. Anderson Geater, Jr. of Origen Financial, Inc.,

+1-866-4-ORIGEN



Web site:  http://www.origenfinancial.com/ 

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