As of December 31, 2004, it originates loans in 42 states and services loans in 43 states.
The company has elected to be taxed as a REIT under the Internal Revenue Code and it would not be subject to federal income taxes to the extent it distributes 90% of REIT taxable net income to its stockholders.
Origen Financial was incorporated in 2003 and is headquartered in Southfield, Michigan.
