Origen Selected as Originator and Servicer to ARC

Origen Selected as Originator and Servicer to ARC 


SOUTHFIELD, Mich., June 10  /PRNewswire-FirstCall/ -- Origen Financial, Inc.
(NASDAQ:ORGN) announced today that it will provide comprehensive origination
and servicing for affiliates of Affordable Residential Communities Inc.
("ARC"), the largest owner and operator of manufactured housing communities in
the United States.  Origen has been chosen to provide application and loan
processing, underwriting, fulfillment, funding and servicing for ARC.

"We are excited to work with an organization that has the quality of people and
systems to deliver the high level of service we seek in loan origination and
servicing," said Peter Pak, an Executive Vice President of ARC.  "We believe
this relationship helps us further our mission of providing affordable housing
to residents in our communities."

"This new partnership is a testament to our organization's high standards and
commitment to providing excellent service on both the front and back ends of
loan servicing," said Origen Chief Executive Officer Ron Klein.  "On the heels
of our recent initial public offering and loan securitization, this is another
strong endorsement for the Origen brand, and a reflection that our discipline
and expertise add real value...not only for our borrowers and investors, but
also for the manufactured housing industry as a whole."

Origen Financial, Inc. is a national consumer manufactured home lender and
servicer.  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
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.  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:  David Rand of Origen Financial, Inc., [phone],

 



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

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