<PAGE>
                                                                    EXHIBIT 10.1


================================================================================








                             CONTRIBUTION AGREEMENT

                                      AMONG

                        THE ENTITIES LISTED ON APPENDIX I

                                       AND

                             ORIGEN FINANCIAL, INC.




                                 OCTOBER 8, 2003


























================================================================================




<PAGE>




                                TABLE OF CONTENTS
<TABLE>
<CAPTION>

                                                                                                                Page


<S>     <C>                                                                                                   <C>

1.       CERTAIN DEFINITIONS......................................................................................1

2.       CONTRIBUTION AND ACQUISITION.............................................................................2
         2.1      Contribution and Acquisition....................................................................2
         2.2      Transfer of Contributors' Interest..............................................................2

3.       REPRESENTATIONS AND WARRANTIES OF CONTRIBUTORS CONCERNING THE TRANSACTION................................2
         3.1      Organization and Power..........................................................................2
         3.2      Authorization, No Violations and Notices........................................................2
         3.3      Contributed Interests...........................................................................3
         3.4      No Brokerage Commissions........................................................................3
         3.5      Bingham Approval................................................................................3

4.       ADDITIONAL AGREEMENTS; SURVIVAL..........................................................................3
         4.1      Survival........................................................................................3
         4.2      Further Assurances..............................................................................4
         4.4      Access to Books and Records.....................................................................4

5.       CONDITIONS TO CLOSING....................................................................................4
         5.1      Conditions Precedent to the Contributors' Obligation............................................4
                  (b)      Performance of Agreement...............................................................4
                  (c)      Approvals..............................................................................4
                  (d)      Offering...............................................................................4
                  (e)      Litigation.............................................................................5
                  (g)      Delivery of Closing Documents..........................................................5
         5.2      Conditions Precedent to Acquiror's Obligation...................................................5
                  (a)      The Contributors' Representations and Warranties.......................................5
                  (b)      Performance of Agreement...............................................................5
                  (d)      Delivery of Closing Documents..........................................................5
                  (e)      Litigation.............................................................................5
                  (g)      Licenses and Permits...................................................................6
                  (h)      Approvals..............................................................................6

6.       CLOSING..................................................................................................6
         6.1      Closing.........................................................................................6
         6.2      Documents to Be Delivered at Closing by the Contributors........................................6
         6.3      Documents to be Delivered at Closing by the Acquiror............................................6

7.       MISCELLANEOUS............................................................................................7
         7.1      Notices.........................................................................................7
         7.2      Headings........................................................................................7
         7.3      Governing Law...................................................................................7
         7.4      No Assignment; Benefit..........................................................................7
         7.5      Entire Agreement................................................................................7
         7.6      Counterparts....................................................................................7
         7.7      Waiver..........................................................................................7
         7.8      Amendment.......................................................................................7
         7.9      Brokerage or Finder's Fee.......................................................................8

</TABLE>

                                        i

<PAGE>


<TABLE>
<S>              <C>                                                                                           <C>
         7.10     Publicity.......................................................................................8
         7.11     No Third Party Beneficiaries....................................................................8
         7.12     Certain Tax Matters.............................................................................8
         7.13     Covenant of Bingham.............................................................................8
         7.14     No Indemnification..............................................................................8


</TABLE>





                                       ii

<PAGE>





                             CONTRIBUTION AGREEMENT

         This Contribution Agreement (the "Agreement") is made and entered into
as of the 8th day of October, 2003 by and among the entities set forth on
Appendix I (collectively, the "Contributors") and Origen Financial, Inc., a
Delaware corporation ("Acquiror").

                                    RECITALS

         A.       Contributors own all of the equity interests in Origen
Financial L.L.C., a Delaware limited liability company ("OFLLC").

         B.       Contributors desire to contribute to the Acquiror, and
Acquiror desires to acquire from Contributors, all of the equity interests in
OFLLC in exchange for consideration, the receipt and sufficiency of which is
hereby acknowledged by the Contributors, on the terms and subject to the
conditions hereinafter set forth.

                                    COVENANTS

         Now, therefore, for and in consideration of the foregoing Recitals, the
mutual covenants and undertakings set forth below and other good and valuable
consideration, the receipt and adequacy of which are acknowledged, the Parties
agree as follows:

1.       CERTAIN DEFINITIONS. For purposes of this Agreement, the following
         capitalized terms shall have the following meanings (other capitalized
         terms may be defined elsewhere in this Agreement):

         1.1.     "Bingham" means Bingham Financial Services Corporation.

         1.2.     "Closing" has the meaning set forth in Section 6.1 below.

         1.3.     "Closing Date" has the meaning set forth in Section 6.1 below.

         1.4.     "Contributed Interests" means the aggregate of the
                  Contributors' Interests.

         1.5.     "Contributor's Interest" means with respect to each
                  Contributor, all right, title and interest of such Contributor
                  in and to the membership interests and the warrants to acquire
                  membership interests of OFLLC set forth opposite such
                  Contributor's name on Appendix I hereto.

         1.6.     "Initial Purchase Agreement" means the Purchase Agreement by
                  and between Acquiror and Lehman Brothers Inc. or its
                  affiliates.

         1.7.     "Material Adverse Effect" means a material adverse effect on
                  the business, condition (financial or otherwise), or results
                  of operations of the Origen Entities taken as a whole.

         1.8.     "Origen Entities" means OFLLC and the Origen Subsidiaries,
                  collectively, and "Origen Entity" means any one of the Origen
                  Entities.

         1.9.     "Origen Subsidiaries" means Origen Securitization Company,
                  L.L.C., a Delaware limited liability company, Origen
                  Manufactured Home Financial, L.L.C., a Delaware limited
                  liability company, Origen Insurance Agency, L.L.C., a Virginia

<PAGE>





                  limited liability company, Origen Special Purpose, L.L.C., a
                  Delaware limited liability company, Origen Special Purpose II,
                  L.L.C., a Delaware limited liability company, Origen Special
                  Purpose Manager, Inc., a Delaware corporation, Origen
                  Financial of South Dakota, L.L.C., a Delaware limited
                  liability company, Origen Special Holdings Corporation, a
                  Delaware corporation, Origen Credit, L.L.C., a Delaware
                  corporation, Origen Servicing, Inc., a Delaware corporation,
                  Origen M.H. Contract Company, LLC, a Delaware limited
                  liability company, and OF Insurance Agency, Inc., a Louisiana
                  corporation.

         1.10.    "Parties" means the Contributors and the Acquiror
                  collectively, and Party means any one of the Parties.

2.       CONTRIBUTION AND ACQUISITION.

         2.1.     CONTRIBUTION AND ACQUISITION. Each of the Contributors agrees,
                  at the Closing, to contribute, assign and transfer its
                  Contributor's Interest to the Acquiror and the Acquiror agrees
                  to accept and acquire each Contributor's Interest in exchange
                  for consideration, the receipt and sufficiency of which is
                  hereby acknowledged by the Contributors in accordance with the
                  terms and conditions set forth herein. The parties agree that
                  the Acquiror has the right to designate an alternate entity or
                  person to take title to any of the Contributors' Interests at
                  the time of Closing.

         2.2.     TRANSFER OF CONTRIBUTORS' INTEREST.  At the Closing, each
                  Contributor shall execute and deliver to Acquiror such
                  documents as Acquiror reasonably requests to evidence the
                  transfer of the Contributor's Interest.

3.       REPRESENTATIONS AND WARRANTIES OF CONTRIBUTORS CONCERNING THE
         TRANSACTION. To induce the Acquiror to enter into this Agreement and to
         acquire the Contributed Interests, each Contributor, severally (and not
         jointly), makes the following representations and warranties with
         respect to itself (except that only Bingham, and none of the other
         Contributors, makes the representations and warranties contained in
         Section 3.5 below):

         3.1.     ORGANIZATION AND POWER. The Contributor is a corporation or
                  limited liability company, as applicable, duly formed, validly
                  existing and in good standing under the law of its
                  jurisdiction of formation, all as set forth on Schedule 3.1.
                  The Contributor has the requisite power and authority to
                  execute and deliver this Agreement and any other document or
                  instrument required to be executed and delivered hereunder, to
                  perform its obligations and to consummate the transactions
                  contemplated hereby and thereby.

         3.2.     AUTHORIZATION, NO VIOLATIONS AND NOTICES.

                  (a)      The execution, delivery and performance of this
                           Agreement by the Contributor, and the consummation of
                           the transactions contemplated hereby have been duly
                           authorized, adopted and approved by the manager(s)
                           and member(s) of the Contributor which is a limited
                           liability company and board of directors and
                           shareholders of the Contributor which is a
                           corporation, in each case to the extent required by
                           each entity's organizational documents and applicable
                           law. No other proceedings are necessary to authorize
                           this Agreement and the transactions contemplated
                           hereby. This Agreement has been duly executed by the
                           Contributor and is a valid and binding obligation
                           enforceable against it in accordance with its


                                       -2-


<PAGE>


                           terms, except as such enforceability may be limited
                           by applicable bankruptcy, insolvency, reorganization,
                           moratorium, liquidation or similar laws relating to
                           the enforcement of creditors' rights and remedies or
                           by other equitable principles of general application.

                  (b)      Except as set forth on Schedule 3.2, neither the
                           execution, delivery, or performance by the
                           Contributor of this Agreement, nor the consummation
                           of the transactions contemplated hereby and under any
                           document executed pursuant hereto will:

                           (i)     violate, conflict with, result in a breach of
                                   any provision of, constitute a default (or an
                                   event that, which, with notice or lapse of
                                   time or both, would constitute a default)
                                   under, result in the termination of,
                                   accelerate the performance required by, or
                                   result in a right of termination or
                                   acceleration, or the creation or imposition
                                   of any lien, security interest, charge, or
                                   encumbrance upon the Contributor's Interests
                                   under any of the terms, conditions, or
                                   provisions of any note, bond, mortgage,
                                   indenture, deed of trust, license, lease,
                                   agreement, or other instrument, or obligation
                                   to which any Origen Entity or such
                                   Contributor is a party, or by which any
                                   Origen Entity or such Contributor may be
                                   bound or affected, or to which any Origen
                                   Entity or such Contributor or its properties
                                   or assets may be subject; or

                           (ii)    violate any judgment, ruling, order, writ,
                                   injunction, decree, statute, rule, or
                                   regulation applicable to any Origen Entity or
                                   its property or assets or such Contributor or
                                   its property or assets.

         3.3.     CONTRIBUTED INTERESTS. The Contributor's Interests will be
                  free and clear of all liens and encumbrances on the Closing
                  Date and the Contributor has good, merchantable title thereto
                  and the right to convey its interests in accordance with the
                  terms of this Agreement. Upon delivery of an assignment of
                  membership interests to the Acquiror at Closing in accordance
                  with Section 6.2(b) hereof, good, valid and merchantable title
                  to the Contributor's Interests, free and clear of all liens
                  and encumbrances, will pass to the Acquiror.

         3.4.     NO BROKERAGE COMMISSIONS. The Contributor has not engaged the
                  services of, nor has it or will it or Acquiror become liable
                  to, any agent, broker, finder or any other person or entity
                  for any brokerage or finder's fee, commission or other amount
                  with respect to the transactions described herein on account
                  of any action by the Contributor.

         3.5.     BINGHAM APPROVAL. The Board of Directors of Bingham has
                  approved this Agreement and has acknowledged that Bingham will
                  not receive any consideration pursuant to this Agreement.

4.       ADDITIONAL AGREEMENTS; SURVIVAL.

         4.1.     SURVIVAL. The representations and warranties set forth in
                  Article 3 of this Agreement shall survive until the earlier of
                  (i) three months after the date the Securities and Exchange
                  Commission declares effective a registration statement
                  registering for resale the shares of common stock of the
                  Acquiror purchased pursuant to the Initial Purchase Agreement
                  and (ii) twelve (12) months after the

                                      -3-

<PAGE>



                  Closing Date; provided that in no event shall the
                  representations and warranties set forth in Article 3 hereof
                  survive for less than nine (9) months from the Closing Date.
                  No investigation, audit, inspection, review or the like
                  conducted by or on behalf of the Acquiror or the Contributors
                  shall be deemed to terminate the effect of any such
                  representations, warranties and covenants, it being understood
                  that the Acquiror and the Contributors have the right to rely
                  thereon and that each such representation, warranty and
                  covenant constitutes a material inducement to the Acquiror or
                  the Contributors, as applicable, to execute this Agreement and
                  to close the transaction contemplated hereby.

         4.2.     FURTHER ASSURANCES. From time to time after the Closing Date,
                  at the Acquiror's reasonable request and without further
                  consideration, the Contributors shall execute and deliver, or
                  cause to be executed and delivered, such further instruments
                  of conveyance, assignment and transfer and shall take such
                  other action as the Acquiror may reasonably request in order
                  to effectuate the contribution of the Contributed Interests
                  and to more effectively convey and transfer the Contributed
                  Interests to the Acquiror. At the Acquiror's reasonable
                  request, the Contributors shall cooperate and use their best
                  efforts to have their officers, directors, employees and
                  agents cooperate with the Acquiror on or after the Closing
                  Date by furnishing information, evidence, testimony and other
                  assistance in connection with any actions, proceedings,
                  arrangements or disputes involving any Origen Entity and which
                  are based on contracts, leases, arrangements or acts of an
                  Origen Entity which were in effect or occurred on or prior to
                  the Closing Date.

         4.3.     ACCESS TO BOOKS AND RECORDS. After execution of this
                  Agreement, the Contributors shall, on the reasonable request
                  of the Acquiror, cause each Origen Entity to make the
                  corporate records of each Origen Entity relating to its
                  organization and existence and other corporate materials and
                  information available to the Acquiror for inspection and
                  copying at all times during normal business hours.

5.       CONDITIONS TO CLOSING.

         5.1.     CONDITIONS PRECEDENT TO THE CONTRIBUTORS' OBLIGATION. The
                  obligation of the Contributors to consummate the transactions
                  contemplated in this Agreement at the Closing is subject to
                  the satisfaction of all of the following conditions, any of
                  which may be waived (but only in writing) by all of the
                  Contributors:

                  (a)      Performance of Agreement. The Acquiror shall have
                           performed and complied in all material respects with
                           all of its obligations under this Agreement which are
                           to have been performed or complied with on or prior
                           to the Closing Date.

                  (b)      Approvals. The Acquiror shall have obtained,
                           performed or given all of the consents, approvals,
                           authorizations, designations, declarations, filings
                           and notices deemed advisable by the Contributors.

                  (c)      Offering. The Acquiror and Lehman Brothers Inc. or
                           its designees shall have executed and delivered the
                           Initial Purchase Agreement, and the Initial Purchase
                           Agreement shall be in full force and effect.


                                       -4-

<PAGE>


                  (d)      Litigation. There shall not be any litigation,
                           action, suit, claim, proceeding, order, investigation
                           or inquiry pending or threatened before any court or
                           quasi-judicial or administrative agency to, or
                           pursuant to which a judgment, order, decree,
                           stipulation, injunction or charge could be entered,
                           which could: (i) enjoin or prevent the consummation
                           of the transactions contemplated in this Agreement or
                           the Initial Purchase Agreement or (ii) cause any of
                           the transactions contemplated in this Agreement or
                           the Initial Purchase Agreement to be rescinded
                           following consummation thereof.

                  (e)      Delivery of Closing Documents. Acquiror shall have
                           executed and delivered, or caused to be executed and
                           delivered, all of the documents described in Section
                           6.3 below. All documents relating to the transactions
                           contemplated in this Agreement shall be reasonably
                           satisfactory in form and content to the Contributors
                           and their legal counsel.

         5.2.     CONDITIONS PRECEDENT TO ACQUIROR'S OBLIGATION. The obligation
                  of the Acquiror to consummate the transactions contemplated in
                  this Agreement at the Closing is subject to the satisfaction
                  of all of the following conditions, any of which may be waived
                  (but only in writing) by the Acquiror:

                  (a)      The Contributors' Representations and Warranties. All
                           representations, warranties and covenants made by the
                           Contributors in this Agreement shall have been true
                           and correct in all material respects on the date of
                           this Agreement and shall be true and correct in all
                           material respects as of the Closing Date with the
                           same force and effect as if they had been made on and
                           as of such date.

                  (b)      Performance of Agreement. Each of the Contributors
                           shall have performed and complied in all material
                           respects with all of its obligations under this
                           Agreement which are to have been performed or
                           complied with on or prior to the Closing Date.

                  (c)      Delivery of Closing Documents. Each of the
                           Contributors shall have executed and delivered, or
                           caused to be executed and delivered, all of the
                           documents described in Section 6.2 below. All
                           documents relating to the transactions contemplated
                           in this Agreement shall be reasonably satisfactory in
                           form and content to Acquiror and its legal counsel.

                  (d)      Litigation. There shall not be any litigation,
                           action, suit, claim, proceeding, order, investigation
                           or inquiry pending or threatened before any court or
                           quasi-judicial or administrative agency to, or
                           pursuant to which a judgment, order, decree,
                           stipulation, injunction or charge could be entered
                           which could: (i) enjoin or prevent the consummation
                           of the transactions contemplated in this Agreement or
                           the Initial Purchase Agreement, (ii) cause any of the
                           transactions contemplated in this Agreement or the
                           Initial Purchase Agreement to be rescinded following
                           consummation thereof, (iii) adversely affect the
                           right of the Acquiror to own the Contributed
                           Interests, or (iv) otherwise have a Material Adverse
                           Effect.


                                       -5-

<PAGE>


                  (e)      Licenses and Permits. OFLLC will have obtained all
                           material licenses and permits necessary to permit
                           OFLLC to carry on its business from and after the
                           Closing Date.

                  (f)      Approvals. OFLLC and the Contributors shall have
                           obtained, performed or given all of the consents,
                           approvals, authorizations, designations,
                           declarations, filings and notices deemed advisable by
                           the Acquiror.

6.       CLOSING

         6.1.     CLOSING. The closing (the "Closing") of the transactions
                  contemplated in this Agreement shall be held at the offices of
                  Jaffe, Raitt, Heuer & Weiss, Professional Corporation, One
                  Woodward Avenue, Suite 2400, Detroit, Michigan, immediately
                  prior to the closing of the offering contemplated by the
                  Initial Purchase Agreement or at such other location and time
                  as the Parties may mutually agree. As used in this Agreement,
                  the term "Closing Date" means the date on which the Closing
                  actually occurs.

         6.2.     DOCUMENTS TO BE DELIVERED AT CLOSING BY THE CONTRIBUTORS. At
                  the Closing, each of the Contributors shall properly execute
                  (if necessary) and deliver to the Acquiror, or cause to be
                  executed and delivered to the Acquiror, the following:

                  (a)      A Closing Certificate, executed by an authorized
                           person of the Contributor, to the effect that (i) all
                           of the representations and warranties made by the
                           Contributor in this Agreement which are qualified as
                           to materiality are true and correct in all respects
                           and all representations and warranties made by the
                           Contributors which are not qualified as to
                           materiality are true and correct in all material
                           respects on the Closing Date with the same force and
                           effect as though made on and as of the Closing Date,
                           except for those representations and warranties that
                           address matters only as of a particular date (which
                           shall be correct in all material respects as of such
                           date), and (ii) such Contributor has performed and
                           complied in all material respects with all of its
                           obligations under this Agreement which are to have
                           been performed or complied with on or prior to the
                           Closing Date.

                  (b)      An assignment of membership interests satisfactory to
                           Acquiror evidencing the assignment of the Contributed
                           Interests duly executed by an authorized
                           representative of the Contributor.

                  (c)      Such other documents and instruments as are
                           contemplated in this Agreement or as the Acquiror or
                           its counsel may reasonably request in order to
                           evidence or consummate the transactions contemplated
                           in this Agreement or to effectuate the purpose or
                           intent of this Agreement.

         6.3.     DOCUMENTS TO BE DELIVERED AT CLOSING BY THE ACQUIROR. At the
                  Closing, the Acquiror shall properly execute and deliver to
                  the Contributors, or cause to be executed and delivered to the
                  Contributors, as the case may be, such documents and
                  instruments as are contemplated in this Agreement or as the
                  Contributors or their counsel may reasonably request in order
                  to evidence or consummate the transactions contemplated in
                  this Agreement or to effectuate the purpose or intent of this
                  Agreement.


                                       -6-

<PAGE>


7.       MISCELLANEOUS

         7.1.     NOTICES. Any notice, request, waiver, information or other
                  document to be given hereunder to any of the Parties by any
                  other Party shall be in writing and shall be deemed to have
                  been duly given if delivered personally, sent by certified
                  mail, postage prepaid, or sent by next day or overnight mail
                  or delivery, to that Party's notice address on the records of
                  the Acquiror.

                  Any Party may change the address to which notices hereunder
                  are to be sent to it by giving written notice of such change
                  of address in the manner herein provided for giving notice.
                  Any notice delivered personally shall be deemed to have been
                  given on the date it is so delivered, any notice delivered by
                  registered or certified mail shall be deemed to have been
                  given on the date it is received and any notice sent by next
                  day or overnight mail or delivery shall be deemed to have been
                  delivered on the next business day.

         7.2.     HEADINGS. The headings contained in this Agreement are for
                  reference purposes only and shall not in any way affect the
                  meaning or interpretation of this Agreement.

         7.3.     GOVERNING LAW. This Agreement shall be governed by and
                  construed in accordance with the laws of the State of Michigan
                  applicable to contracts made and to be performed therein. The
                  Parties hereto hereby irrevocably submit to the jurisdiction
                  of the courts of the State of Michigan and the federal courts
                  of the United States located in the State of Michigan in
                  respect of the interpretation and enforcement of the
                  provisions of this Agreement and of the documents referred to
                  in this Agreement.

         7.4.     NO ASSIGNMENT; BENEFIT. This Agreement shall be binding upon
                  and inure to the benefit of the Parties hereto and their
                  respective successors, assigns, heirs and legal
                  representatives. This Agreement may not be assigned without
                  the prior written consent of all of the other Parties hereto.

         7.5.     ENTIRE AGREEMENT. This Agreement and the exhibits and
                  schedules attached hereto contain the entire agreement of the
                  Parties hereto with respect to the matters set forth herein
                  and the other transactions contemplated herein, and supercede
                  all prior understandings and agreements of the Parties with
                  respect to the subject matter hereof. Any reference herein to
                  this Agreement shall be deemed to include the schedules and
                  appendices attached hereto.

         7.6.     COUNTERPARTS. This Agreement may be executed in counterparts,
                  each of which shall be deemed an original and all of which
                  together shall be considered one and the same agreement.
                  Photostatic or facsimile reproductions of this Agreement may
                  be made and relied upon to the same extent as originals.

         7.7.     WAIVER. The waiver by any Party of any breach of any provision
                  of this Agreement shall not operate or be construed as a
                  waiver of any subsequent or similar breach.

         7.8.     AMENDMENT. This Agreement may only be amended by written
                  agreement executed by all of the Parties.

                                       -7-

<PAGE>



         7.9.     BROKERAGE OR FINDER'S FEE. Any and all brokerage fees due and
                  payable to any broker, finder, agent or similar intermediary
                  in connection with this Agreement or the transactions
                  contemplated hereby shall be borne by the Party responsible
                  for retaining, or claimed to be responsible for retaining,
                  such broker, finder, agent or similar intermediary.

         7.10.    PUBLICITY. No press release or other public announcement
                  related to this Agreement or the transactions contemplated
                  hereby will be issued by any Party hereto without the prior
                  approval of all of the other Parties, except that any Party
                  may make such public disclosure which it believes in good
                  faith to be required by law or by the terms of any listing
                  agreement with a securities exchange (in which case such Party
                  will consult with the other Parties prior to making such
                  disclosure).

         7.11.    NO THIRD PARTY BENEFICIARIES. The rights and obligations of
                  the Parties under this Agreement are for the benefit of the
                  Contributors and the Acquiror only, and neither any creditor
                  of any of the Contributors or the Acquiror, nor any other
                  person or entity shall have the right to rely on or enforce
                  the provisions of this Agreement as a third-party beneficiary
                  or otherwise. Without limiting the generality of the
                  foregoing, the rights granted to any of the Contributors or
                  the Acquiror in this Agreement are personal to them, and no
                  receiver, trustee or liquidator of the any of them, or any
                  other person or entity, shall have the right or power to
                  exercise any such rights.

         7.12.    CERTAIN TAX MATTERS. As of the Closing Date, OFLLC will cease
                  to qualify as a partnership for tax purposes. The Acquiror
                  shall assume the obligation and expense of filing final
                  partnership tax returns for OFLLC; provided, however, that the
                  Contributors shall have the right to review and comment on
                  such returns prior to the their filing.

         7.13.    COVENANT OF BINGHAM. At any time after the Closing Date,
                  Bingham shall afford the Acquiror and its accountants, counsel
                  and other representatives reasonable access during normal
                  business hours, upon reasonable notice, to the books, records
                  and personnel of Bingham to obtain all information concerning
                  the business, results of operations and personnel of Bingham
                  as the Acquiror may reasonably request to assist the Acquiror
                  in the preparation and filing of a registration statement
                  relating to the common stock, $0.01 par value per share of
                  Acquiror with the Securities and Exchange Commission.

         7.14.    NO INDEMNIFICATION. Notwithstanding anything to the contrary
                  contained in this Agreement or in any document, agreement or
                  instrument entered into in conjunction with the transactions
                  contemplated in or by this Agreement, no Party shall have any
                  claim against any other Party or Parties for indemnification
                  arising from or as a result of any breach of this Agreement or
                  for any and all actions, suits, proceedings, demands,
                  assessments, judgments, costs and expenses incident to any of
                  the foregoing (whether brought or incurred by a Party or by
                  any third party).


             [the remainder of this page intentionally left blank --
                      the next page is the signature page]


                                       -8-

<PAGE>




         IN WITNESS WHEREOF, the Parties have executed this Contribution
Agreement on or as of October 8th, 2003.

                                    ACQUIROR:

                                    ORIGEN FINANCIAL, INC.,
                                    a Delaware corporation


                                    By:      /s/ Ronald A. Klein
                                       -----------------------------------------

                                    Its:     CEO


                                    CONTRIBUTORS:

                                    SOE, LLC,
                                    a Michigan limited liability company


                                    By:      /s/ Gary Shiffman
                                       -----------------------------------------

                                    Its:     Manager
                                        ----------------------------------------

                                    WOODWARD HOLDING, LLC,
                                    a Michigan limited liability company


                                    By:      /s/ Paul A. Halpern
                                       -----------------------------------------

                                    Its:     Manager

                                    SHIFFMAN FAMILY LLC,
                                    a Michigan limited liability company


                                    By:      /s/ Arthur A. Weiss
                                       -----------------------------------------

                                    Its:     Manager
                                        ----------------------------------------


                                    BINGHAM FINANCIAL SERVICES CORPORATION,
                                    a Michigan corporation


                                    By:      /s/ Ronald A. Klein
                                       -----------------------------------------

                                    Its:     CEO
                                        ----------------------------------------


                                       -9-


<PAGE>




                                   APPENDIX I

                                  CONTRIBUTORS
<TABLE>
<CAPTION>

                                                                                      CONTRIBUTED WARRANTS TO
                                                                                      -----------------------
                    NAME                         CONTRIBUTED INTEREST                 PURCHASE SERIES E UNITS
                    ----                         --------------------                 -----------------------
<S>                                           <C>                                    <C>
   SOE, LLC                                     300,000 Series B Units                        550,000

   Woodward Holding, LLC                        400,000 Series C Units                        400,000

   Shiffman Family LLC                          100,000 Series B Units                         50,000

   Bingham Financial Services Corporation       200,000 Series A Units                           0

</TABLE>