Origen Reports 4Q Loss

Origen Financial Inc., Southfield, Mich., has reported a net loss of $5.8 million ($0.23 per share) for the fourth quarter, compared with net income of $2.0 million ($0.13 per share) a year earlier.The real estate investment trust also reported a net loss of $1.8 million ($0.08 per share) for the year, far less than the $22.0 million loss recorded in 2003 by Origen and its predecessor, Dynex Financial. "We believe that our fourth-quarter loss is not indicative of ongoing results of operations, as we made significant charges to income relating to loans originated by our predecessor before our current origination platform was implemented in 2002," said Origen chief executive officer Ronald A. Klein. Origen, a manufactured home loan originator and servicer, can be found online at http://www.origenfinancial.com.