<PAGE>

                                                                    Exhibit 99.1

                                                                     Page 1 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                         STATEMENT TO CERTIFICATEHOLDERS
                                  JULY 15, 2005

                             DISTRIBUTION IN DOLLARS

<TABLE>
<CAPTION>
                             BEGINNING                                                                            ENDING
            ORIGINAL         PRINCIPAL                                                  REALIZED   DEFERRED      PRINCIPAL
CLASS      FACE VALUE         BALANCE        PRINCIPAL      INTEREST         TOTAL       LOSSES    INTEREST       BALANCE
-----    --------------   --------------   ------------   ------------   ------------   --------   --------   --------------
<S>      <C>              <C>              <C>            <C>            <C>            <C>        <C>        <C>
A1        49,000,000.00    31,187,930.13   2,143,286.26      74,591.13   2,217,877.39     0.00       0.00      29,044,643.87
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     544,695.62     544,695.62     0.00       0.00               0.00
         --------------   --------------   ------------   ------------   ------------     ----       ----     --------------
TOTALS   173,000,000.00   155,187,930.13   2,143,286.26   1,152,793.42   3,296,079.68     0.00       0.00     153,044,643.87
         ==============   ==============   ============   ============   ============     ====       ====     ==============
</TABLE>

        FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

<TABLE>
<CAPTION>
                        BEGINNING                                                  ENDING
CLASS      CUSIP        PRINCIPAL      PRINCIPAL     INTEREST       TOTAL         PRINCIPAL
-----    ---------   --------------   -----------   ----------   -----------   --------------
<S>      <C>         <C>              <C>           <C>          <C>           <C>
A1       68619AAZ0     636.48837000   43.74053592   1.52226796   45.26280388     592.74783408
A2       68619ABA4   1,000.00000000    0.00000000   3.15833333    3.15833333   1,000.00000000
A3       68619ABB2   1,000.00000000    0.00000000   3.95833354    3.95833354   1,000.00000000
A4       68619ABC0   1,000.00000000    0.00000000   4.55000000    4.55000000   1,000.00000000
M1       68619ABD8   1,000.00000000    0.00000000   4.77500000    4.77500000   1,000.00000000
M2       68619ABE6   1,000.00000000    0.00000000   5.42500000    5.42500000   1,000.00000000
B1       68619ABF3   1,000.00000000    0.00000000   6.25000000    6.25000000   1,000.00000000
B2                   1,000.00000000    0.00000000   6.25000000    6.25000000   1,000.00000000
                     --------------   -----------   ----------   -----------   --------------
TOTALS                 897.04005855   12.38893792   6.66354578   19.05248370     884.65112064
                     ==============   ===========   ==========   ===========   ==============
</TABLE>

                               PASS-THROUGH RATES

<TABLE>
<CAPTION>
        CURRENT PASS-
CLASS     THRU RATE
-----   -------------
<S>     <C>
A1        2.870000%
A2        3.790000%
A3        4.750000%
A4        5.460000%
M1        5.730000%
M2        6.510000%
B1        7.500000%
B2        7.500000%
</TABLE>

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

                                   Janice Rose
             JPMorgan Chase Bank, N.A. - Structured Finance Services
                                600 Travis, 9 FL
                              Houston, Texas 77002
                    Tel: (713) 216-3068 / Fax: (713) 216-4880
                          Email: Janice.Rose@chase.com

(JPMORGAN LOGO)      COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 2 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                                  JULY 15, 2005

<TABLE>
<S>                    <C>                                                                  <C>
Section 7.05(a)(i)     Principal Payment Allocable to Holders                                 2,143,286.26

Section 7.05(a)(ii)    Interest Payment Allocable to Holders                                    608,097.80

Section 7.05(a)(iii)   Servicing Fee                                                            190,830.23
                       Indenture Trustee Fee                                                      2,776.64
                       Indenture Trustee Expenses                                                 1,005.05
                       Owner Trustee Fee                                                              0.00
                       Monthly Backup Servicing Fee                                               5,000.00

Section 7.05(a)(iv)    Beginning Balance of Contracts                                       183,197,016.98
                       Ending Balance of Contracts                                          181,053,730.72

Section 7.05(a)(v)     Number of Contracts                                                           4,133
                       Weighted Average Remaining Term                                                 214
                       Weighted Average Contract Rate:                                               9.625%

Section 7.05(a)(vi)    Number and Aggregate Principal Amounts of Contracts in Delinquency
</TABLE>

                               Delinquency Totals
                                  Group Totals

<TABLE>
<CAPTION>
  Period     Number   Principal Balance   Percentage
  ------     ------   -----------------   ----------
<S>          <C>      <C>                 <C>
30-59 days      28       1,018,003.53        0.56%
60-89 days      17         668,577.59        0.37%
90+days         34       1,477,057.44        0.82%
               ---       ------------        ----
Total           79       3,163,638.56        1.75%
               ===       ============        ====
</TABLE>

Number and Aggregate Principal Amounts of Contracts Repossessed During Reporting

                               Foreclosure Totals

<TABLE>
<CAPTION>
Number of    Principal
  Loans       Balance    Percentage
---------   ----------   ----------
<S>         <C>          <C>
    4       174,106.90      0.10%
</TABLE>

        Number and Aggregate Principal Amounts of Contracts in Inventory

                                   REO Totals

<TABLE>
<CAPTION>
Number of    Principal
  Loans       Balance    Percentage
---------   ----------   ----------
<S>         <C>          <C>
    16      669,407.54      0.37%
</TABLE>

(JPMORGAN LOGO)      COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 3 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                                  JULY 15, 2005

        Number and Aggregate Principal Amounts of Contracts in Bankruptcy

                                Bankruptcy Totals

<TABLE>
<CAPTION>
Number of     Principal
  Loans        Balance     Percentage
---------   ------------   ----------
<S>         <C>            <C>
    63      2,760,706.61      0.00%
</TABLE>

<TABLE>
<S>                     <C>                                                                  <C>
Section 7.05(a)(viii)   Principal Prepayments                                                 1,438,687.33

                        Liquidation Proceeds                                                    101,500.00

Section 7.05(a)(viii)   Realized Losses

                           Current Period                                                       100,992.30
                           Cumulative                                                           661,187.46

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
                           Class B2                                                           4,000,000.00

Section 7.05(a)(x)      Interest Payment Amount

                           Interest Distribution - A-1                                           74,591.13

                           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
</TABLE>

(JPMORGAN LOGO)      COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 4 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                                  JULY 15, 2005

<TABLE>
<S>                     <C>                                                                  <C>
                           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                                          544,695.62

Expense Paid to LLC
   and DRS                                                                                        1,843.70
Servicing Fee
   Adjustment                                                                                    10,751.84
Miscellaneous
   Servicing Expenses                                                                                 0.00
</TABLE>

(JPMORGAN LOGO)      COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.