THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Origen Financial, Inc. (ORGN)

5/19/2006 Proxy Information

Gary A. Shiffman, one of OrigenŐs directors, is the Chairman of the Board, President and Chief Executive Officer of Sun Communities, Inc. (ŇSun CommunitiesÓ). Sun Communities owns approximately 20% of OrigenŐs outstanding common stock. Mr. Shiffman beneficially owns approximately 20% of OrigenŐs outstanding stock, which amount includes his deemed beneficial ownership of the stock owned by Sun Communities. Mr. Shiffman and his affiliates beneficially own approximately 12% of the outstanding common stock of Sun Communities. He is the President of Sun Home Services, Inc. (ŇSun HomesÓ), of which Sun Communities is the sole beneficial owner.

Origen Servicing, Inc., a wholly owned subsidiary of Origen Financial L.L.C., services manufactured housing loans for Sun Homes. As of December 31, 2005, Origen Servicing serviced approximately $19.6 million of manufactured housing loans for Sun Homes. Servicing fees paid by Sun Homes to Origen Servicing, Inc. were approximately $0.3 million during the year ended December 31, 2005.

Origen has agreed to fund loans that meet Sun HomesŐ underwriting guidelines and then transfer those loans to Sun Homes pursuant to a commitment fee arrangement. Origen recognizes no gain or loss on the transfer of these loans. Origen funded and transferred approximately $7.2 million in loans and under this agreement during the year ended December 31, 2005.

Sun Homes has purchased certain repossessed houses owned by Origen and located in manufactured housing communities owned by Sun Homes, subject to Sun HomesŐ prior approval. Under this agreement, Origen sold to Sun Homes approximately $2.2 million of repossessed houses during the year ended December 31, 2005. This program allows Origen to further enhance recoveries on repossessed houses and allows Sun Homes to retain houses for resale in its communities.

Origen leases its executive offices in Southfield, Michigan from an entity in which Mr. Shiffman and certain of his affiliates beneficially own approximately a 21% interest. Ronald A. Klein, a director and the Chief Executive Officer of Origen, beneficially owns an approximate 1% interest in the landlord entity. William M. Davidson, the sole member of Woodward Holding, LLC, which owns approximately 7% of OrigenŐs common stock, beneficially owns an approximate 25% interest in the landlord entity. Origen recorded rental expense for these offices of approximately $408,000 for the year ended December 31, 2005.