ORGN Origin Materials Inc

SOUTHFIELD, Mich., Sept. 15 /PRNewswire-FirstCall/ -- Origen Financial, Inc. (NASDAQ:ORGN), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced that Origen's Board of Directors, on September 11, 2008, declared a dividend payment of $0.046 per share to be paid to holders of Origen's common stock of record on September 22, 2008. The dividend will be paid on September 30, 2008, and will approximate $1.2 million. This dividend is being paid pursuant to Internal Revenue Code Section 858 (IRC Section 858), in order to allow Origen to avoid paying income tax at the REIT level for 2007. IRC Section 858 allows a REIT to make a subsequent year dividend and treat that dividend as if it were actually paid in the prior year. Shareholders, however, include the amount of the subsequent year dividend in income in the year received. As always, shareholders are advised to consult their tax advisor regarding specific federal, state, local, foreign and other tax consequences regarding their ownership of Origen's common stock. ORGN-G 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. Forward-Looking Statements This press release contains various "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and Origen intends that such forward-looking statements will be subject to the safe harbors created thereby. The words "will," "may," "could," "expect," "anticipate," "believes," "intends," "should," "plans," "estimates," "approximate" and similar expressions identify these forward-looking statements. These forward-looking statements reflect Origen's current views with respect to future events and financial performance, but involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These risks and uncertainties may cause Origen's actual results to be materially different from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the foregoing assumptions and those risks referenced under the headings entitled "Factors That May Affect Future Results" or "Risk Factors" contained in Origen's filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date hereof and Origen expressly disclaims any obligation to provide public updates, revisions or amendments to any forward- looking statements made herein to reflect changes in Origen's expectations or future events. For more information about Origen, please visit http://www.origenfinancial.com/. DATASOURCE: Origen Financial, Inc. CONTACT: W. Anderson Geater, Chief Financial Officer of Origen Financial, Inc., 1-866-4-ORIGEN; 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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