Latest Origen Financial Inc. (ORGN) Headlines
Origen Financial Announces Fourth Quarter And Full Year 2013 Results
PR Newswire - Wed Feb 19, 3:00PM CST
Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced net income of $587,000, or approximately $0.02 per share of common stock outstanding, for the quarter ended December 31, 2013, as compared to a net loss of $70,000 for the fourth quarter of 2012. For the year ended December 31, 2013 a net loss of $2.1 million or $0.08 per share was realized as compared to a net loss of $1.4 million, or $0.05 per share for the twelve months ended December 31, 2012. The results for 2012 include a gain of approximately $6.2 million relating to the termination of certain of Origen's interest rate swap transactions with Citibank, N.A.
Origen Financial Announces Third Quarter 2013 Results
PR Newswire - Mon Dec 16, 3:30PM CST
Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced a net loss of $1.0 million, or approximately $0.04 per share of common stock outstanding, for the quarter ended September 30, 2013, as compared to a net loss of $1.9 million, or $0.07 per share, for the third quarter of 2012. For the nine months ended September 30, 2013 a net loss of $2.7 million or $0.11 per share was realized as compared to a net loss of $1.3 million, or $0.05 per share for the nine months ended September 30, 2012. The results for the nine months ended September 30, 2012 include a first quarter gain of approximately $6.2 million relating to the termination of certain of Origen's interest rate swap transactions with Citibank, N.A.
Origen Financial Announces Second Quarter 2013 Results
PR Newswire - Thu Aug 29, 4:48PM CDT
Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced net income of $173,000, or approximately $0.01 per share of common stock outstanding, for the quarter ended June 30, 2013, as compared to a net loss of $2.8 million, or $0.11 per share, for the second quarter of 2012. For the six months ended June 30, 2013 a net loss of $1.7 million or $0.06 per share was realized as compared to net income of $1.1 million, or $0.04 per share for the six months ended June 30, 2012, as restated. The 2012 results include a first quarter gain of approximately $6.2 million relating to the termination of certain of Origen's interest rate swap transactions with Citibank, N.A.
Independent Financial Advisers Market Report 2013
M2 - Fri Jul 19, 9:51AM CDT
Research and Markets (http://www.researchandmarkets.com/research/rrhgqp/independent) has announced the addition of the "Independent Financial Advisers Market Report 2013" report to their offering. Change is the watchword for independent financial advisers (IFAs) in 2012. The financial services industry, with the IFA profession as part of it, has been targeted by a barrage of regulatory reform since the financial crisis in 2007. These reforms are intended to reign in the industry to prevent it and, by extension, the country from experiencing a financial crisis like the one seen in recent years. The most important of these reforms for IFAs is the Retail Distribution Review (RDR), which radically transforms the way IFAs operate and the advice they give to their clients. It contains key changes to the way financial advisers can charge for their services and the ways in which they can label themselves and their advice, as well as mandating a higher level of qualification required to give financial advice. The regulatory changes have made it more difficult to stay in the market as an IFA. Many advisers (especially those attached to banks) believe that having to charge upfront fees for advice will deter customers from seeking their services, and will therefore choose to bow out of the market altogether or offer restricted instead of independent advice. Economic conditions have deteriorated considerably since the last edition of this report was published (in April 2008) and future economic conditions remain uncertain. As a result of the economic turbulence, the Bank of England (BoE) has held interest rates at the historic low of 0.5%; this has damaged yields on savings and investment products, although it has made mortgage repayments easier to meet. This is providing, however, that those looking to get a mortgage can get the necessary credit in the first place, which is problematic in the current climate. Both factors should, in theory, boost demand for financial advisers; if mortgages become more affordable then the likelihood is that more customers will take them out, and if savings and investments continue to perform disappointingly, more individuals may be prompted to visit a financial adviser in order to maximise the potential of their investment. Companies Mentioned - Awd Chase De Vere Ltd - Brewin Dolphin Ltd - Charles Stanley - Financial Ltd - Hargreaves Lansdown PLC - Investec PLC - Lloyds Tsb Financial Advisers Ltd - Origen Financial Services Ltd - Pantheon Financial Ltd - Pearson Jones Plc - Positive Solutions (Financial Services) Ltd - St James's Place PLC - Tenetconnect Ltd - Towergate financial (west) lLtd - Towry ltd - The Future For more information visit http://www.researchandmarkets.com/research/rr...ndependent About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Origen Financial Announces First Quarter 2013 Results
PR Newswire - Tue May 14, 4:00PM CDT
Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced a net loss of $1.9 million, or $0.07 per common share, for the quarter ended March 31, 2013, as compared to net income, as restated, of $3.9 million, or $0.15 per common share for the first quarter of 2012. The first quarter 2012 net income was the result of the termination of interest rate swap transactions which resulted in gains of approximately $6.2 million. Absent such gains, Origen's first quarter 2012 results would have reflected a net loss of $2.4 million, or $0.09 per common share.
Origen Financial Announces Fourth Quarter And Full Year 2013 Results
PR Newswire - Wed Feb 19, 3:00PM CST
Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced net income of $587,000, or approximately $0.02 per share of common stock outstanding, for the quarter ended December 31, 2013, as compared to a net loss of $70,000 for the fourth quarter of 2012. For the year ended December 31, 2013 a net loss of $2.1 million or $0.08 per share was realized as compared to a net loss of $1.4 million, or $0.05 per share for the twelve months ended December 31, 2012. The results for 2012 include a gain of approximately $6.2 million relating to the termination of certain of Origen's interest rate swap transactions with Citibank, N.A.
Origen Financial Announces Third Quarter 2013 Results
PR Newswire - Mon Dec 16, 3:30PM CST
Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced a net loss of $1.0 million, or approximately $0.04 per share of common stock outstanding, for the quarter ended September 30, 2013, as compared to a net loss of $1.9 million, or $0.07 per share, for the third quarter of 2012. For the nine months ended September 30, 2013 a net loss of $2.7 million or $0.11 per share was realized as compared to a net loss of $1.3 million, or $0.05 per share for the nine months ended September 30, 2012. The results for the nine months ended September 30, 2012 include a first quarter gain of approximately $6.2 million relating to the termination of certain of Origen's interest rate swap transactions with Citibank, N.A.
Origen Financial Announces Second Quarter 2013 Results
PR Newswire - Thu Aug 29, 4:48PM CDT
Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced net income of $173,000, or approximately $0.01 per share of common stock outstanding, for the quarter ended June 30, 2013, as compared to a net loss of $2.8 million, or $0.11 per share, for the second quarter of 2012. For the six months ended June 30, 2013 a net loss of $1.7 million or $0.06 per share was realized as compared to net income of $1.1 million, or $0.04 per share for the six months ended June 30, 2012, as restated. The 2012 results include a first quarter gain of approximately $6.2 million relating to the termination of certain of Origen's interest rate swap transactions with Citibank, N.A.
Independent Financial Advisers Market Report 2013
M2 - Fri Jul 19, 9:51AM CDT
Research and Markets (http://www.researchandmarkets.com/research/rrhgqp/independent) has announced the addition of the "Independent Financial Advisers Market Report 2013" report to their offering. Change is the watchword for independent financial advisers (IFAs) in 2012. The financial services industry, with the IFA profession as part of it, has been targeted by a barrage of regulatory reform since the financial crisis in 2007. These reforms are intended to reign in the industry to prevent it and, by extension, the country from experiencing a financial crisis like the one seen in recent years. The most important of these reforms for IFAs is the Retail Distribution Review (RDR), which radically transforms the way IFAs operate and the advice they give to their clients. It contains key changes to the way financial advisers can charge for their services and the ways in which they can label themselves and their advice, as well as mandating a higher level of qualification required to give financial advice. The regulatory changes have made it more difficult to stay in the market as an IFA. Many advisers (especially those attached to banks) believe that having to charge upfront fees for advice will deter customers from seeking their services, and will therefore choose to bow out of the market altogether or offer restricted instead of independent advice. Economic conditions have deteriorated considerably since the last edition of this report was published (in April 2008) and future economic conditions remain uncertain. As a result of the economic turbulence, the Bank of England (BoE) has held interest rates at the historic low of 0.5%; this has damaged yields on savings and investment products, although it has made mortgage repayments easier to meet. This is providing, however, that those looking to get a mortgage can get the necessary credit in the first place, which is problematic in the current climate. Both factors should, in theory, boost demand for financial advisers; if mortgages become more affordable then the likelihood is that more customers will take them out, and if savings and investments continue to perform disappointingly, more individuals may be prompted to visit a financial adviser in order to maximise the potential of their investment. Companies Mentioned - Awd Chase De Vere Ltd - Brewin Dolphin Ltd - Charles Stanley - Financial Ltd - Hargreaves Lansdown PLC - Investec PLC - Lloyds Tsb Financial Advisers Ltd - Origen Financial Services Ltd - Pantheon Financial Ltd - Pearson Jones Plc - Positive Solutions (Financial Services) Ltd - St James's Place PLC - Tenetconnect Ltd - Towergate financial (west) lLtd - Towry ltd - The Future For more information visit http://www.researchandmarkets.com/research/rr...ndependent About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Origen Financial Announces First Quarter 2013 Results
PR Newswire - Tue May 14, 4:00PM CDT
Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced a net loss of $1.9 million, or $0.07 per common share, for the quarter ended March 31, 2013, as compared to net income, as restated, of $3.9 million, or $0.15 per common share for the first quarter of 2012. The first quarter 2012 net income was the result of the termination of interest rate swap transactions which resulted in gains of approximately $6.2 million. Absent such gains, Origen's first quarter 2012 results would have reflected a net loss of $2.4 million, or $0.09 per common share.
