Origen Financial Inc. announced that the Letter of Intent between Origen and an affiliate of Mack Real Estate Group (MREG), for a proposed transaction pursuant to which MREG and other third parties would have invested additional capital into Origen (as previously disclosed in Origen's press release dated January 20, 2015), has expired and the parties have mutually agreed not to pursue the transaction. In accordance with Origen's previous plan, it will commence the wind down, dissolution and liquidation process as approved by the stockholders, and disclosed in its press release dated November 13, 2014. Origen also will make an initial distribution on April 23, 2015 of $1.50 per share to its stockholders of record as of April 13, 2015, retaining approximately $6.2 million for expected dissolution and wind down costs and expenses and contingencies.