Origen Financial Announces Completion of the Sale of Servicing Platform Assets to Green Tree.

PR Newswire | July 2, 2008 | Copyright

SOUTHFIELD, Mich., July 2 /PRNewswire-FirstCall/ -- Origen Financial, Inc. today announced it has completed the previously announced sale of its servicing platform assets to Green Tree Servicing LLC, a leading servicer of manufactured housing loans, other residential and consumer loans. As part of the sale transaction, Green Tree assumed the lease for Origen's Fort Worth, Texas servicing facility.

Origen used proceeds from the sale to retire a $15 million loan secured by the servicing assets, to partially repay a $46 million secured loan facility entered into in ...

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