<PAGE>
                                                                    Page 1 of 3

                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B

                         STATEMENT TO CERTIFICATEHOLDERS

                                FEBRUARY 15, 2005

<TABLE>
<CAPTION>


                                           DISTRIBUTION IN DOLLARS

              ORIGINAL          BEGINNING                                                                                 ENDING
               FACE             PRINCIPAL                                                      REALIZED    DEFERRED      PRINCIPAL
 CLASS         VALUE             BALANCE       PRINCIPAL       INTEREST          TOTAL           LOSSES    INTEREST       BALANCE
--------    -------------     -------------   ------------   -----------     -----------        -------    --------    -------------
<S>       <C>               <C>              <C>            <C>             <C>               <C>        <C>         <C>
    A1     49,000,000.00     40,656,979.15   1,331,977.61      97,237.94    1,429,215.55           0.00       0.00    39,325,001.54
    A2     42,300,000.00     42,300,000.00           0.00     133,597.50      133,597.50           0.00       0.00    42,300,000.00
    A3     16,100,000.00     16,100,000.00           0.00      63,729.17       63,729.17           0.00       0.00    16,100,000.00
    A4     21,600,000.00     21,600,000.00           0.00      98,280.00       98,280.00           0.00       0.00    21,600,000.00
    M1     19,000,000.00     19,000,000.00           0.00      90,725.00       90,725.00           0.00       0.00    19,000,000.00
    M2     11,000,000.00     11,000,000.00           0.00      59,675.00       59,675.00           0.00       0.00    11,000,000.00
    B1     10,000,000.00     10,000,000.00           0.00      62,500.00       62,500.00           0.00       0.00    10,000,000.00
    B2      4,000,000.00      4,000,000.00           0.00      25,000.00       25,000.00           0.00       0.00     4,000,000.00
   CERT             0.00              0.00           0.00     678,011.92      678,011.92           0.00       0.00             0.00
--------- --------------    --------------   ------------   ------------    ------------        -------   --------   --------------
  TOTALS  173,000,000.00    164,656,979.15   1,331,977.61   1,308,756.53    2,640,734.14           0.00       0.00   163,325,001.54
========= ==============    ==============   ============   ============    ============        =======   ========   ==============

</TABLE>


<TABLE>
<CAPTION>



                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                        PASS-THROUGH RATES
                                                                                                                           CURRENT
                                BEGINNING                                                   ENDING                        PASS-THRU
  CLASS          CUSIP          PRINCIPAL     PRINCIPAL        INTEREST        TOTAL       PRINCIPAL       CLASS            RATE
--------    -------------     -------------   ------------   -----------   -----------     ---------      --------       ---------
<S>         <C>             <C>               <C>            <C>           <C>           <C>              <C>            <C>
    A1         68619AAZ0      829.73426837    27.18321653     1.98444776   29.16766429     802.55105184     A1            2.870000%
    A2         68619ABA4    1,000.00000000     0.00000000     3.15833333    3.15833333   1,000.00000000     A2            3.790000%
    A3         68619ABB2    1,000.00000000     0.00000000     3.95833354    3.95833354   1,000.00000000     A3            4.750000%
    A4         68619ABC0    1,000.00000000     0.00000000     4.55000000    4.55000000   1,000.00000000     A4            5.460000%
    M1         68619ABD8    1,000.00000000     0.00000000     4.77500000    4.77500000   1,000.00000000     M1            5.730000%
    M2         68619ABE6    1,000.00000000     0.00000000     5.42500000    5.42500000   1,000.00000000     M2            6.510000%
    B1         68619ABF3    1,000.00000000     0.00000000     6.25000000    6.25000000   1,000.00000000     B1            7.500000%
    B2                      1,000.00000000     0.00000000     6.25000000    6.25000000   1,000.00000000     B2            7.500000%
--------    ------------    --------------    -----------    -----------   -----------   --------------   --------       ---------
  TOTALS                      951.77444595     7.69929254     7.56506665   15.26435919     944.07515341
========                    ==============    ===========    ===========   ===========   ==============

</TABLE>

 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
                          ADMINISTRATOR LISTED BELOW:

                                 Rory Nowakowski
                 JPMorgan Chase Bank, N.A. - ITS - Global Debt
                         JPM, 227 W. Monroe, 26th Floor
                            Chicago, Illinois 60606
                   Tel: (312) 267-5081 / Fax: (312) 267-5213
                        Email: rory.nowakowski@chase.com






[JPMORGAN LOGO]  COPYRIGHT (C) 2001 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.



<PAGE>
                                                                    Page 2 OF 3

               ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B

                               FEBRUARY 15, 2005

<TABLE>
<S><C>
Section 7.05(a)(i)      Principal Payment Allocable to Holders                    1,331,977.61


Section 7.05(a)(ii)     Interest Payment Allocable to Holders                       630,744.61


Section 7.05(a)(iii)    Servicing Fee                                               200,693.82
                        Indenture Trustee Fee                                         2,855.55
                        Indenture Trustee Expenses                                    1,173.95
                        Owner Trustee Fee                                                 0.00
                        Monthly Backup Servicing Fee                                  5,000.00


Section 7.05(a)(iv)     Beginning Balance of Contracts                          192,666,066.00
                        Ending Balance of Contracts                             191,334,088.39


Section 7.05(a)(v)      Number of Contracts                                              4,318
                        Weighted Average Remaining Term                                    233
                        Weighted Average Contract Rate:                                  9.639%


Section 7.05(a)(vi)     Number and Aggregate Principal Amounts of Contracts in Delinquency

                                                  Group Totals
                      Period           Number          Principal Balance          Percentage
                    ----------         ------          -----------------          ----------
                    30-59 days          35                1,228,868.00              0.64%
                    60-89 days          6                   313,985.38              0.16%
                    90+days             17                  705,741.93              0.37%
                    Total               58                2,248,595.31              1.17%


                        Number and Aggregate Principal Amounts of Contracts under Repossession Procedures

                                                  Group Totals
                                Number          Principal Balance       Percentage
                                ------          -----------------       ----------
                                  11                447,099.65             0.23%

                        Number and Aggregate Principal Amounts of Contracts in Bankruptcy

                                                  Group Totals
                                Number           Principal Balance       Percentage
                                ------           ------------------      ----------
                                 25                1,107,311.22            0.58%


Section 7.05(a)(viii)   Principal Prepayments                                       790,634.59

                        Liquidation Proceeds                                         17,500.00

Section 7.05(a)(viii)   Realized Losses

                                 Current Period                                      22,041.57
                                 Cumulative                                         120,001.73

Section 7.05(a)(ix)     Adjusted Note Balances
                                 Class M1                                        19,000,000.00
                                 Class M2                                        11,000,000.00
                                 Class B1                                        10,000,000.00

</TABLE>


[JPMORGAN LOGO]  COPYRIGHT (C) 2001 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.


<PAGE>
                                                                     Page 3 of 3

                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B

                                FEBRUARY 15, 2005

<TABLE>
<CAPTION>

<S>                  <C>                                                          <C>
                        Class B2                                                  4,000,000.00

Section 7.05(a)(x)   Interest Payment Amount
                        Interest Distribution - A-1                                  97,237.94


                        Interest Distribution - A-2                                 133,597.50

                        Interest Distribution - A-3                                  63,729.17

                        Interest Distribution - A-4                                  98,280.00
                        Available Funds Cap Carry-Forward Amount - A-4                    0.00
                        Interest Reduction Amount - A-4                                   0.00

                        Interest Distribution - M-1                                  90,725.00
                        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                                  59,675.00
                        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                                  62,500.00
                        Available Funds Cap Carry-Forward Amount - B-1                    0.00
                        Liquidation Loss Interest Amount - B-1                            0.00
                        Interest Reduction Amount - B-1                                   0.00

                        Interest Distribution - B-2                                  25,000.00
                        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                         28,009,086.85
Section 7.05(a)(xii) Overcollateralization Amount                                28,009,086.85

Section 7.05(a)(xiv) Trust Certificate Distribution                                 678,011.92

Expense Paid to LLC and DRS                                                           1,248.49
Servicing Fee Adjustment                                                            -13,239.25
Miscellaneous Servicing Expenses                                                          0.00

</TABLE>

[JPMORGAN LOGO]  COPYRIGHT (C) 2001 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.