Origen Financial Inc. ("Origen") announced that it has entered into an agreement with Origen Phoenix LLC ("Phoenix") under which Origen has appointed Phoenix to identify possible assets or entities for investment by Origen that may enable Origen to maximize stockholder value. Upon the execution of the agreement, Origen's Board of Directors (the "Board") appointed Mr. Ames to fill a vacancy on the Board created when Gary A. Shiffman resigned from the Board on February 29, 2016.