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Origen Financial, Inc.

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ORIGEN FINANCIAL : Announces Preliminary Unaudited First Quarter 2009 Results

May 05, 2009

MarketScreener.com By

SOUTHFIELD, Mich., May 5 /PRNewswire-FirstCall/ -- Origen Financial, Inc. (Pink Sheets: ORGN), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced preliminary unaudited net income of $512,972, or $0.02 per share, for the first quarter of 2009. Sun Communities, Inc., an owner of approximately 19 percent of Origen's outstanding common stock, is required to report certain financial results and information of Origen as part of its accelerated SEC reporting obligation. Origen has provided Sun with the preliminary information reflected in this release to assist Sun in meeting its filing obligation. Origen is issuing this press release of preliminary information to assure broad availability to all shareholders and the trading markets of the same preliminary information it has provided to Sun.

Origen will release final earnings results for the first quarter after the close of markets on Tuesday, May 12, 2009. Management will host a conference call and webcast on Wednesday, May 13, 2009, at 11:00 a.m. Eastern Time. The call may be accessed on Origen's web site at www.origenfinancial.com or by dialing 877-723-9522.

A replay will be available through May 20, 2009, by dialing 888-203-1112, passcode 7318485. You may also access the replay on Origen's website for 90 days following the event.

About Origen Financial, Inc.

Origen is an internally managed and internally advised company that has elected to be taxed as a real estate investment trust. Origen is based in Southfield, Michigan.

For more information about Origen, please visit www.origenfinancial.com or www.pinksheets.com.

SOURCE Origen Financial, Inc.

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Company Profile

Origen Financial, Inc. is a real estate investment trust (REIT). The Company conducts its activities through its wholly owned subsidiary Origen Financial L.L.C. The Company's business consists of managing its residual interests in its securitized loan portfolios. The Company was also engaged in loan origination and loan servicing operations. The Company originates purchases and services the manufactured housing loans.

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