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.