-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Kp4NqO9nEm69bsY5SCphjF3gTWv0NYjNsU972Z0TxFwsmZspwtBHIVPFQ2d7lrGF ia27OMW0t8FAM7Rs4Fp07g== 0000950124-06-000699.txt : 20060216 0000950124-06-000699.hdr.sgml : 20060216 20060216093509 ACCESSION NUMBER: 0000950124-06-000699 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060215 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060216 DATE AS OF CHANGE: 20060216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Origen Residential Securities, Inc. CENTRAL INDEX KEY: 0001297892 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 201370314 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-117573 FILM NUMBER: 06623780 BUSINESS ADDRESS: STREET 1: 27777 SOUTH FRANKLIN ROAD STREET 2: SUITE 1700 CITY: SOUTHFIELD STATE: MI ZIP: 48034 BUSINESS PHONE: (313) 746-7000 MAIL ADDRESS: STREET 1: 27777 SOUTH FRANKLIN ROAD STREET 2: SUITE 1700 CITY: SOUTHFIELD STATE: MI ZIP: 48034 8-K 1 k02595be8vk.txt CURRENT REPORT, DATED FEBRUARY 15, 2006 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 15, 2006 ORIGEN RESIDENTIAL SECURITIES, INC. (as depositor under a Trust Agreement, dated as of December 1, 2005 providing for, inter alia, the issuance of Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2005-B) Origen Residential Securities, Inc. (Exact name of registrant as specified in its charter) DELAWARE 333-117573 20-1370314 State of Incorporation (Commission File Number) (I.R.S. Employer Identification No.)
27777 Franklin Road, Suite 1700, Southfield, Michigan 48034 (Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (248) 746-7000 _______________________________________________________________ (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e4(c)) Item 8.01. Other Events This current report on Form 8-K relates to the monthly distribution reported to Certificateholders of Origen Manufactured Housing Contract Trust 2005-B Notes, which was made February 15, 2006. Item 9.01. Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Exhibits
EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Statement to Certificateholders of Origen Manufactured Housing Contract Trust 2005-B Notes dated February 15, 2006.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: February 16, 2006 ORIGEN RESIDENTIAL SECURITIES, INC. By: Origen Servicing, Inc., as Attorney-in-Fact By: /s/ W. Anderson Geater, Jr. ------------------------------------ W. Anderson Geater, Jr. Chief Financial Officer Index to Exhibits
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 Statement to Certificateholders of Origen Manufactured Housing Contract Trust 2005-B Notes dated February 15, 2006.
EX-99.1 2 k02595bexv99w1.txt STATEMENT TO CERTIFICATEHOLDERS OF ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2005-B NOTES EXHIBIT 99.1 Page 1 of 4 ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2005-B STATEMENT TO CERTIFICATEHOLDERS FEBRUARY 15, 2006 DISTRIBUTION IN DOLLARS
BEGINNING ENDING ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE - ----- -------------- -------------- ------------ ------------ ------------ -------- -------- -------------- A1 40,692,000.00 38,940,245.40 1,285,207.29 170,363.57 1,455,570.86 0.00 0.00 37,655,038.11 A2 39,295,000.00 39,295,000.00 0.00 171,817.39 171,817.39 0.00 0.00 39,295,000.00 A3 13,428,000.00 13,428,000.00 0.00 62,719.95 62,719.95 0.00 0.00 13,428,000.00 A4 19,897,000.00 19,897,000.00 0.00 97,992.73 97,992.73 0.00 0.00 19,897,000.00 M1 15,750,000.00 15,750,000.00 0.00 78,618.75 78,618.75 0.00 0.00 15,750,000.00 M2 11,375,000.00 11,375,000.00 0.00 61,425.00 61,425.00 0.00 0.00 11,375,000.00 B1 12,250,000.00 12,250,000.00 0.00 73,500.00 73,500.00 0.00 0.00 12,250,000.00 B2 3,500,000.00 3,500,000.00 0.00 21,000.00 21,000.00 0.00 0.00 3,500,000.00 CERT 0.00 0.00 0.00 351,061.62 351,061.62 0.00 0.00 0.00 -------------- -------------- ------------ ------------ ------------ ---- ---- -------------- TOTALS 156,187,000.00 154,435,245.40 1,285,207.29 1,088,499.01 2,373,706.30 0.00 0.00 153,150,038.11 ============== ============== ============ ============ ============ ==== ==== ==============
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
BEGINNING ENDING CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL - ----- --------- -------------- ----------- ---------- ----------- -------------- A1 68619ABP1 956.95088469 31.58378281 4.18666003 35.77044284 925.36710189 A2 68619ABQ9 1,000.00000000 0.00000000 4.37250006 4.37250006 1,000.00000000 A3 68619ABR7 1,000.00000000 0.00000000 4.67083333 4.67083333 1,000.00000000 A4 68619ABS5 1,000.00000000 0.00000000 4.92500025 4.92500025 1,000.00000000 M1 68619ABT3 1,000.00000000 0.00000000 4.99166667 4.99166667 1,000.00000000 M2 68619ABU0 1,000.00000000 0.00000000 5.40000000 5.40000000 1,000.00000000 B1 68619ABV8 1,000.00000000 0.00000000 6.00000000 6.00000000 1,000.00000000 B2 68619ABW6 1,000.00000000 0.00000000 6.00000000 6.00000000 1,000.00000000 -------------- ---------- ---------- ----------- -------------- TOTALS 988.78424837 8.22864445 6.96920365 15.19784809 980.55560392 ============== ========== ========== =========== ==============
PASS-THROUGH RATES
CLASS CURRENT PASS- THRU RATE - ----- ------------- A1 5.250000% A2 5.247000% A3 5.605000% A4 5.910000% M1 5.990000% M2 6.480000% B1 7.200000% B2 7.200000%
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Rafael Martinez JPMorgan Chase Bank, N.A. - Structured Finance Services 600 Travis, 9TH FLOOR Houston, Texas 77002 Tel: (713) 216-4391 / Fax: (713) 216-4880 Email: RAFAEL.TEXAS.MARTINEZ@CHASE.COM (JPMORGAN LOGO) COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED. Page 2 of 4 ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2005-B FEBRUARY 15, 2006 Section 7.05(a)(i) Principal Payment Allocable to Holders 1,285,207.29 Section 7.05(a)(ii) Interest Payment Allocable to Holders 737,437.39 Section 7.05(a)(iii) Servicing Fee 180,922.53 Indenture Trustee Fee 2,697.38 Indenture Trustee Expenses 0.00 Owner Trustee Fee 0.00 Monthly Backup Servicing Fee 5,000.00 Section 7.05(a)(iv) Beginning Balance of Contracts 173,685,632.08 Ending Balance of Contracts 172,400,424.79 Section 7.05(a)(v) Number of Contracts 3,350 Weighted Average Remaining Term 229 Weighted Average Contract Rate: 9.190% Section 7.05(a)(vi) Number and Aggregate Principal Amounts of Contracts in Delinquency inlcuding Repossessions
Delinquency Totals Group Totals
Period Number Principal Balance Percentage - ------ ------ ----------------- ---------- 30-59 days 9 347,713.10 0.20% 60-89 days 7 333,391.37 0.19% 90+days 0 0.00 0.00% Total 16 681,104.47 0.40%
Number and Aggregate Principal Amounts of Contracts Repossessed During Reporting Period Repossession Totals
Number of Principal Loans Balance Percentage - --------- --------- ---------- 2 42,774.02 0.02%
Number and Aggregate Principal Amounts of Contracts in Inventory Repossession Totals
Number of Principal Loans Balance Percentage - --------- --------- ---------- 2 42,774.02 0.02%
(JPMORGAN LOGO) COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED. Page 3 of 4 ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2005-B FEBRUARY 15, 2006 Number and Aggregate Principal Amounts of Contracts in Bankruptcy Bankruptcy Totals
Number of Principal Loans Balance Percentage - --------- --------- ---------- 1 54,920.35 0.03%
Section 7.05(a)(viii) Principal Prepayments 842,624.58 Liquidation Proceeds 0.00 Section 7.05(a)(viii) Realized Losses Current Period 0.00 Cumulative 0.00 Section 7.05(a)(ix) Adjusted Note Balances Class M1 15,750,000.00 Class M2 11,375,000.00 Class B1 12,250,000.00 Class B2 3,500,000.00 Section 7.05(a)(x) Interest Payment Amount Interest Distribution - A-1 170,363.57 Interest Distribution - A-2 171,817.39 Interest Distribution - A-3 62,719.95 Interest Distribution - A-4 97,992.73 Available Funds Cap Carry-Forward Amount - A-4 0.00 Interest Reduction Amount - A-4 0.00 Interest Distribution - M-1 78,618.75 Available Funds Cap Carry-Forward Amount - M-1 0.00 Liquidation Loss Interest Amount - M-1 0.00 Interest Reduction Amount - M-1 0.00 Interest Distribution - M-2 61,425.00 Available Funds Cap Carry-Forward Amount - M-2 0.00 Liquidation Loss Interest Amount - M-2 0.00 Interest Reduction Amount - M-2 0.00 Interest Distribution - B-1 73,500.00 Available Funds Cap Carry-Forward Amount - B-1 0.00 Liquidation Loss Interest Amount - B-1 0.00
(JPMORGAN LOGO) COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED. Page 4 of 4 ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2005-B FEBRUARY 15, 2006 Interest Reduction Amount - B-1 0.00 Interest Distribution - B-2 21,000.00 Available Funds Cap Carry-Forward Amount - B-2 0.00 Liquidation Loss Interest Amount - B-2 0.00 Interest Reduction Amount - B-2 0.00 Section 7.05(a)(xi) Overcollateralization Target Amount 19,250,386.68 Section 7.05(a)(xii) Overcollateralization Amount 19,250,386.68 Section 7.05(a)(xiv) Trust Certificate Distribution 351,061.62 Expense Paid to LLC and DRS 0.00 Servicing Fee Adjustment -19,062.42 Miscellaneous Servicing Expenses 0.00
(JPMORGAN LOGO) COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED. -----END PRIVACY-ENHANCED MESSAGE-----