<PAGE>

                                  Exhibit 99.1                       Page 1 of 3


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                         STATEMENT TO CERTIFICATEHOLDERS
                                 MARCH 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   39,325,001.54  1,777,045.10     94,052.30  1,871,097.40    0.00      0.00     37,547,956.44
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    582,252.67    582,252.67    0.00      0.00              0.00
        --------------  --------------  ------------  ------------  ------------    ----      ----    --------------
TOTALS  173,000,000.00  163,325,001.54  1,777,045.10  1,209,811.64  2,986,856.74    0.00      0.00    161,547,956.44
        ==============  ==============  ============  ============  ============    ====      ====    ==============
</TABLE>

<TABLE>
<CAPTION>
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                PASS-THROUGH RATES
                  --------------------------------------------------------------------  ---------------------
                     BEGINNING                                              ENDING                 CURRENT
CLASS    CUSIP       PRINCIPAL     PRINCIPAL    INTEREST      TOTAL        PRINCIPAL    CLASS  PASS-THRU RATE
-----  ---------  --------------  -----------  ----------  -----------  --------------  -----  --------------
<S>    <C>        <C>             <C>          <C>         <C>          <C>             <C>    <C>
A1     68619AAZ0    802.55105184  36.26622653  1.91943469  38.18566122    766.28482531  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              944.07515341  10.27193699  6.99313087  17.26506786    933.80321642
                  ==============  ===========  ==========  ===========  ==============
</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

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

                                                                     Page 2 of 3


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

<TABLE>
<S>                     <C>                                       <C>
Section 7.05(a)(i)      Principal Payment Allocable to Holders      1,777,045.10

Section 7.05(a)(ii)     Interest Payment Allocable to Holders         627,558.97

Section 7.05(a)(iii)    Servicing Fee                                 199,306.34
                        Indenture Trustee Fee                           2,844.45
                        Indenture Trustee Expenses                      1,120.20
                        Owner Trustee Fee                                   0.00
                        Monthly Backup Servicing Fee                    5,000.00

Section 7.05(a)(iv)     Beginning Balance of Contracts            191,334,088.39
                        Ending Balance of Contracts               189,557,043.29

Section 7.05(a)(v)      Number of Contracts                                4,331
                        Weighted Average Remaining Term                      234
                        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      33       1,291,113.01        0.68%
                        60-89 days      12         397,858.36        0.21%
                        90+days         62         752,939.66        0.40%
                        Total          107       2,441,911.03        1.29%

                        Number and Aggregate Principal Amounts of Contracts
                        under Repossession Procedures

                                      Group Totals
                        ---------------------------------------
                        Number   Principal Balance   Percentage
                        ------   -----------------   ----------
                        4            168,692.68         0.09%

                        Cumulative Number and Aggregate Principal Amounts of
                        Contracts under Repossession Procedures

                                     Group Totals
                        ---------------------------------------
                        Number   Principal Balance   Percentage
                        ------   -----------------   ----------
                        13           560,883.45         0.30%

                        Number and Aggregate Principal Amounts of Contracts in
                        Bankruptcy

                                     Group Totals
                        ---------------------------------------
                        Number   Principal Balance   Percentage
                        ------   -----------------   ----------
                        27          1,196,391.25        0.63%

Section 7.05(a)(viii)   Principal Prepayments                       1,294,276.09

                        Liquidation Proceeds                           43,467.41

Section 7.05(a)(viii)   Realized Losses
                           Current Period                              42,503.80
</TABLE>

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

<PAGE>

                                                                     Page 3 of 3


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

<TABLE>
<S>                     <C>                                        <C>
                           Cumulative                                 162,505.53

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                 94,052.30

                           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                582,252.67

Expense Paid to LLC and DRS                                               819.11
Servicing Fee Adjustment                                               -2,462.01
Miscellaneous Servicing Expenses                                            0.00
</TABLE>

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