SOUTHFIELD, Mich., Aug. 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 a preliminary unaudited net loss of $2.5 million, or $0.09 per share, for the second 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. Ronald A. Klein, Origen's Chief Executive Officer, stated, "Our results this quarter reflect the costs associated with the finalization of severance plans and employment and consulting agreements related to our Asset Disposition and Management Plan, as well as additions to our loan loss reserves in response to the ongoing increase in the nation's unemployment rate. Origen's cash position continues to be strong and, since the end of the first quarter 2009 through today, we have repaid an additional $5.6 million of our related party debt." Origen will release final earnings results for the second quarter on Friday, August 14, 2009. Management will host a conference call and webcast on Monday, August 17, 2009, at 10:00 a.m. Eastern Time. The call may be accessed by dialing 888-204-4517. A replay will be available through November 17, 2009, by dialing 888-203-1112, passcode 5493522. 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 http://www.origenfinancial.com/ or http://www.pinksheets.com/. DATASOURCE: Origen Financial, Inc. CONTACT: W. Anderson Geater, Chief Financial Officer of Origen Financial, Inc., +1-248-746-7010, ; or Leslie Loyet of Financial Relations Board, +1-312-640-6672, , for Origen Financial, Inc. Web Site: http://www.origenfinancial.com/

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