Origen Financial, Inc.27777 Franklin Rd., Ste. 1700
Southfield, MI 48034
Company Web Site | | Phone: 248-746-7000
Fax: 248-746-7091
Toll Free: 866-467-4436
| | | |
Origen Financial is a real estate investment trust (REIT) that makes loans to creditworthy borrowers for manufactured homes in more than 40 states. However, the company has been unable to secure sufficient funding for its lending operations, and shifted it focus to servicing the existing loans in its portfolio, and processing and servicing loans originated by retailers, loan brokers, and other third parties that specialize in manufactured housing. Clients include Hometown America and Sun Communities. In 2008 Origen Financial sold its loan servicing portfolio, worth some $1.6 billion, to Green Tree Servicing.
 IPO Information
Date Went Public:
May 6, 2004
Filing Date:
Feb 5, 2004
Proposed Offer Price:
$8.00 to
$10.00
Actual Offer Price:
$8.00
First Day Open:
$8.00
First Day Close:
$8.00
Shares Offered (mil.):
8.00
Offering Amount (mil.):
$64.00
Post-Offering Shares (mil.):
24.50
Underwriters:
Lehman Brothers Inc.; Credit Suisse First Boston LLC; Flagstone Securities, LLC
| | Key Numbers
Company Type:
Public
NASDAQ (GM):
ORGN
Fiscal Year-End: December
2008 Sales (mil.): $7.4
1-Year Sales Growth: (86.5%)
2008 Net Income (mil.): ($35.4)
2008 Employees: 27
1-Year Employee Growth: (89.5%)
Key People
Chairman
Paul A. Halpern
CEO and Director
Ronald A. (Ron) Klein
President and Head of Operations
J. Peter Scherer
CFO and Secretary
W. Anderson Geater Jr.
SVP and CIO
Paul Galaspie
| |
