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Last $0.14 USD
Change Today +0.005 / 3.70%
Volume 8.7K
As of 8:10 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

origen financial inc (ORGN) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/24/15 - $0.15
52 Week Low
03/30/15 - $0.08
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origen financial inc (ORGN) Details

Origen Financial, Inc. operates as a real estate investment trust (REIT) in the United States. It manages residual interests in its securitized loan portfolios. The company has elected to be taxed as a REIT. As a REIT, it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Origen Financial, Inc. was founded in 1996 and is based in Southfield, Michigan.

Founded in 1996

origen financial inc (ORGN) Top Compensated Officers

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origen financial inc (ORGN) Key Developments

Origen Financial Inc. Declares Dividend, Payable on April 23, 2015

Origen Financial Inc. announced that the Letter of Intent between Origen and an affiliate of Mack Real Estate Group (MREG), for a proposed transaction pursuant to which MREG and other third parties would have invested additional capital into Origen (as previously disclosed in Origen's press release dated January 20, 2015), has expired and the parties have mutually agreed not to pursue the transaction. In accordance with Origen's previous plan, it will commence the wind down, dissolution and liquidation process as approved by the stockholders, and disclosed in its press release dated November 13, 2014. Origen also will make an initial distribution on April 23, 2015 of $1.50 per share to its stockholders of record as of April 13, 2015, retaining approximately $6.2 million for expected dissolution and wind down costs and expenses and contingencies.

Origen Financial Inc., Special/Extraordinary Shareholders Meeting, Nov 12, 2014

Origen Financial Inc., Special/Extraordinary Shareholders Meeting, Nov 12, 2014., at 10:00 US Eastern Standard Time. Location: offices of Jaffe, Raitt, Heuer & Weiss, P.C..

Origen Financial Inc. Declares Cash Distribution, Payable on October 14, 2014

Origen Financial Inc. announced that its board of Directors has declared an $0.08 per share cash distribution to be paid to holders of the company’s common stock of record on September 30, 2014. The dividend will be paid on October 14, 2014 and will approximate $2.1 million.


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