Origen Financial Inc. (ORGN) 1.6600 $ORGN
HAS Capital Acquires Interests in Structured ABS Financings and Manufactured Housing Assets
Marketwired - Fri Jan 30, 8:00AM CST
HAS Capital, LLC, a Chicago-based real estate investment and advisory firm, has acquired interests in select ABS structured financings and manufactured housing related assets from affiliates of Origen Financial, Inc. (OTC PINK: ORGN). The assets primarily consist of equity trust certificates issued in conjunction with 7 rated securitization trusts with a current underlying asset value of $412 million. HAS Capital, LLC co-invested with a leading credit oriented investment manager which holds a majority stake in the ownership entity. Origen Financial, Inc. is a real estate investment trust that managed securitized manufactured housing loan portfolios. The acquisition represents substantially all of Origen's current manufactured housing assets.
Origen Financial Announces Closing Of Asset Sale To GoldenTree And Entry Into Letter Of Intent
PR Newswire - Tue Jan 20, 8:00AM CST
Origen Financial, Inc. (Pink Sheets: ORGN), a real estate investment trust, announced that it completed the sale of substantially all of its assets to an affiliate of GoldenTree Asset Management LP. Gross proceeds to Origen were $47 million reduced by approximately $5.9 million of cash on hand from distributions that, under the asset purchase agreement, belongs to GoldenTree. Together with other cash on hand, Origen holds approximately $47.2 million in cash.
Origen Financial Announces Results Of Stockholder Vote
PR Newswire - Thu Nov 13, 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, following a special meeting of stockholders, that its stockholders have approved the sale of substantially all of Origen's assets to an affiliate of GoldenTree Asset Management LP. Contingent upon the closing of the asset sale, Origen's stockholders also approved the subsequent liquidation and dissolution of Origen. Completion of the sale and subsequent dissolution is conditioned upon receipt of certain third-party consents, and certain other closing conditions customary for transactions of this type. Origen expects the asset sale to close prior to December 31, 2014.
Origen Financial Services Report On The Six Key Changes In The Pension Revolution
M2 - Fri Nov 07, 6:12AM CST
With six months to go until the biggest pensions changes in a generation, Origen Financial Services announce the six key changes taking effect from April 2015.
Origen Financial declares distribution of USD0.08 per share
M2 - Wed Sep 24, 4:59AM CDT
Real estate investment trust, Origen Financial Inc (Pink Sheets:ORGN) disclosed on Tuesday that its board of directors authorised a cash distribution of USD0.08 per share on the company's about USD2.1m common stock.
Origen Financial Announces Distribution To Holders Of Common Stock
PR Newswire - Tue Sep 23, 3:26PM 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 that its Board of Directors has declared an $0.08 per share cash distribution to be paid to holders of Origen's common stock of record on September 30, 2014. The dividend will be paid on October 14, 2014 and will approximate $2.1 million.
Origen Financial Announces Agreement To Sell Substantially All Its Assets To GoldenTree And Intent To Dissolve And Liquidate
PR Newswire - Tue Sep 09, 4:39PM CDT
Origen Financial, Inc. (Pink Sheets: ORGN), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced that it has entered into an agreement with an affiliate of GoldenTree Asset Management LP for the sale of substantially all of Origen's assets for a purchase price of $47 million, in addition to the assumption of Origen's securitization financing, subject to certain adjustments. Contingent upon closing of the sale, Origen intends to dissolve and liquidate.
Origen Financial Discusses Redemption Features Of Its Securitized Trusts
PR Newswire - Wed Jun 18, 4:00PM CDT
Origen Financial, Inc. (Pink Sheets: ORGN), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today released information regarding its securitized loan portfolios and associated risks.
HAS Capital Acquires Interests in Structured ABS Financings and Manufactured Housing Assets
Marketwired - Fri Jan 30, 8:00AM CST
HAS Capital, LLC, a Chicago-based real estate investment and advisory firm, has acquired interests in select ABS structured financings and manufactured housing related assets from affiliates of Origen Financial, Inc. (OTC PINK: ORGN). The assets primarily consist of equity trust certificates issued in conjunction with 7 rated securitization trusts with a current underlying asset value of $412 million. HAS Capital, LLC co-invested with a leading credit oriented investment manager which holds a majority stake in the ownership entity. Origen Financial, Inc. is a real estate investment trust that managed securitized manufactured housing loan portfolios. The acquisition represents substantially all of Origen's current manufactured housing assets.
Origen Financial Announces Closing Of Asset Sale To GoldenTree And Entry Into Letter Of Intent
PR Newswire - Tue Jan 20, 8:00AM CST
Origen Financial, Inc. (Pink Sheets: ORGN), a real estate investment trust, announced that it completed the sale of substantially all of its assets to an affiliate of GoldenTree Asset Management LP. Gross proceeds to Origen were $47 million reduced by approximately $5.9 million of cash on hand from distributions that, under the asset purchase agreement, belongs to GoldenTree. Together with other cash on hand, Origen holds approximately $47.2 million in cash.
Origen Financial Announces Results Of Stockholder Vote
PR Newswire - Thu Nov 13, 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, following a special meeting of stockholders, that its stockholders have approved the sale of substantially all of Origen's assets to an affiliate of GoldenTree Asset Management LP. Contingent upon the closing of the asset sale, Origen's stockholders also approved the subsequent liquidation and dissolution of Origen. Completion of the sale and subsequent dissolution is conditioned upon receipt of certain third-party consents, and certain other closing conditions customary for transactions of this type. Origen expects the asset sale to close prior to December 31, 2014. Origen Financial Services Report On The Six Key Changes In The Pension Revolution
M2 - Fri Nov 07, 6:12AM CST
With six months to go until the biggest pensions changes in a generation, Origen Financial Services announce the six key changes taking effect from April 2015.
Origen Financial declares distribution of USD0.08 per share
M2 - Wed Sep 24, 4:59AM CDT
Real estate investment trust, Origen Financial Inc (Pink Sheets:ORGN) disclosed on Tuesday that its board of directors authorised a cash distribution of USD0.08 per share on the company's about USD2.1m common stock.
Origen Financial Announces Distribution To Holders Of Common Stock
PR Newswire - Tue Sep 23, 3:26PM 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 that its Board of Directors has declared an $0.08 per share cash distribution to be paid to holders of Origen's common stock of record on September 30, 2014. The dividend will be paid on October 14, 2014 and will approximate $2.1 million. Origen Financial Announces Agreement To Sell Substantially All Its Assets To GoldenTree And Intent To Dissolve And Liquidate
PR Newswire - Tue Sep 09, 4:39PM CDT
Origen Financial, Inc. (Pink Sheets: ORGN), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced that it has entered into an agreement with an affiliate of GoldenTree Asset Management LP for the sale of substantially all of Origen's assets for a purchase price of $47 million, in addition to the assumption of Origen's securitization financing, subject to certain adjustments. Contingent upon closing of the sale, Origen intends to dissolve and liquidate.
Origen Financial Discusses Redemption Features Of Its Securitized Trusts
PR Newswire - Wed Jun 18, 4:00PM CDT
Origen Financial, Inc. (Pink Sheets: ORGN), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today released information regarding its securitized loan portfolios and associated risks.
