<PAGE>

                                                                    EXHIBIT 99.1

                                                                     Page 1 of 3


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

                             DISTRIBUTION IN DOLLARS

<TABLE>
<CAPTION>
            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    32,817,157.67   1,629,227.54      78,487.70   1,707,715.24     0.00       0.00      31,187,930.13
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     390,394.04     390,394.04     0.00       0.00               0.00
         --------------   --------------   ------------   ------------   ------------     ----       ----     --------------
TOTALS   173,000,000.00   156,817,157.67   1,629,227.54   1,002,388.41   2,631,615.95     0.00       0.00     155,187,930.13
         ==============   ==============   ============   ============   ============     ====       ====     ==============
</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     669.73791163   33.24954163   1.60178980   34.85133143     636.48837000
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                 906.45755879    9.41750023   5.79415266   15.21165289     897.04005855
                     ==============   ===========   ==========   ===========   ==============
</TABLE>

PASS-THROUGH RATES

<TABLE>
<CAPTION>
         CURRENT
        PASS-THRU
CLASS     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 (C) 2001 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 2 of 3


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

<TABLE>
<S>                     <C>                                      <C>
Section 7.05(a)(i)      Principal Payment Allocable to Holders     1,629,227.54
Section 7.05(a)(ii)     Interest Payment Allocable to Holders        611,994.37
Section 7.05(a)(iii)    Servicing Fee                                192,527.34
                        Indenture Trustee Fee                          2,790.22
                        Indenture Trustee Expenses                       984.60
                        Owner Trustee Fee                                  0.00
                        Monthly Backup Servicing Fee                   5,000.00
Section 7.05(a)(iv)     Beginning Balance of Contracts           184,826,244.52
                        Ending Balance of Contracts              183,197,016.98
Section 7.05(a)(v)      Number of Contracts                               4,170
                        Weighted Average Remaining Term                     234
                        Weighted Average Contract Rate:                   9.625%
Section 7.05(a)(vi)     Number and Aggregate Principal Amounts
                           of Contracts in Delinquency
</TABLE>

                                  Group Totals

<TABLE>
<CAPTION>
Period       Number   Principal Balance   Percentage
------       ------   -----------------   ----------
<S>          <C>      <C>                 <C>
30-59 days     39        1,448,102.91        0.79%
60-89 days      8          239,962.08        0.13%
90+days        34        1,504,444.91        0.82%
Total          81        3,192,509.90        1.74%
</TABLE>

     Number and Aggregate Principal Amounts of Contracts Repossessed During
                                Reporting Period

                                  Group Totals

<TABLE>
<CAPTION>
Number   Principal Balance   Percentage
------   -----------------   ----------
<S>      <C>                 <C>
6            175,291.71         0.10%
</TABLE>

        Number and Aggregate Principal Amounts of Contracts in Inventory

                                  Group Totals

<TABLE>
<CAPTION>
Number   Principal Balance   Percentage
------   -----------------   ----------
<S>      <C>                 <C>
16           668,936.89         0.37%
</TABLE>

        Number and Aggregate Principal Amounts of Contracts in Bankruptcy

                                  Group Totals

<TABLE>
<CAPTION>
Number   Principal Balance   Percentage
------   -----------------   ----------
<S>      <C>                 <C>
53          2,288,155.09        1.25%
</TABLE>

<TABLE>
<S>                     <C>                                      <C>
Section 7.05(a)(viii)   Principal Prepayments                    1,022,410.73
                        Liquidation Proceeds                       110,000.00
Section 7.05(a)(viii)   Realized Losses
                           Current Period                          128,631.93
</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
                                  JUNE 15, 2005

<TABLE>
<S>                                <C>                                                 <C>
                                   Cumulative                                             560,195.16
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                          78,487.70
                                      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                         390,394.04
Expense Paid to LLC and DRS                                                                 3,473.11
Servicing Fee Adjustment                                                                    5,110.83
Miscellaneous Servicing Expenses                                                                0.00
</TABLE>

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