UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Origen Financial, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
68619E208
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(CUSIP Number)
Brian F. Corey
GTH LLC
1100 Landmark Towers
345 St. Peter Street
Saint Paul, Minnesota 55102
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Rosalind Fahey Kruse
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
July 1, 2008
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box: [ ]
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 240.13d-7
for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 68619E208 Page 1 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
GTH LLC
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
----------- --------------------------------------------------------------------
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 68619E208 Page 2 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge Capital Partners, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
----------- --------------------------------------------------------------------
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 68619E208 Page 3 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge Capital Partners Strategic, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
----------- --------------------------------------------------------------------
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 68619E208 Page 4 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge Capital Partners SBS, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
----------- --------------------------------------------------------------------
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 68619E208 Page 5 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge Capital Partners AIV II, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
----------- --------------------------------------------------------------------
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 68619E208 Page 6 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge Capital Partners Strategic AIV II, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
----------- --------------------------------------------------------------------
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 68619E208 Page 7 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge Capital Partners AIV III, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
----------- --------------------------------------------------------------------
-------------------------- ------------------------
CUSIP No. 68619E208 Page 8 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge Capital Partners Strategic AIV III, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
----------- --------------------------------------------------------------------
-------------------------- ------------------------
CUSIP No. 68619E208 Page 9 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge Associates, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
----------- --------------------------------------------------------------------
-------------------------- ------------------------
CUSIP No. 68619E208 Page 10 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Centerbridge GP Investors, LLC
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
----------- --------------------------------------------------------------------
-------------------------- ------------------------
CUSIP No. 68619E208 Page 11 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Jeffrey H. Aronson
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
-------------------------- ------------------------
CUSIP No. 68619E208 Page 12 of 19
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Mark T. Gallogly
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0 (see Items 4 and 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
This Amendment No. 1 to Schedule 13D ("Amendment") amends the Schedule 13D
originally filed on May 12, 2008 ("Original 13D") on behalf of GTH LLC, a
Delaware limited liability company ("GTH"), Centerbridge Capital Partners, L.P.,
a Delaware limited partnership ("CCPLP"), Centerbridge Capital Partners
Strategic, L.P., a Delaware limited partnership ("CCP Strategic"), Centerbridge
Capital Partners SBS, L.P., a Delaware limited partnership ("CCP SBS"),
Centerbridge Capital Partners AIV II, L.P., a Delaware limited partnership ("CCP
AIV II"), Centerbridge Capital Partners Strategic AIV II, L.P., a Delaware
limited partnership ("CCP Strategic AIV II"), Centerbridge Capital Partners AIV
III, L.P., a Delaware limited partnership ("CCP AIV III"), Centerbridge Capital
Partners Strategic AIV III, L.P., a Delaware limited partnership ("CCP Strategic
AIV III", together with CCPLP, CCP Strategic, CCP SBS, CCP AIV II, CCP Strategic
AIV II, CCP AIV III, the "Centerbridge Funds"), Centerbridge Associates, L.P., a
Delaware limited partnership, in its capacity as general partner of the
Centerbridge Funds, Centerbridge GP Investors, LLC, a Delaware limited liability
company, in its capacity as general partner of Centerbridge Associates, L.P.,
Mr. Jeffrey H. Aronson and Mr. Mark T. Gallogly with respect to shares of Common
Stock (as defined in Item 1 of the Original 13D) that might have been deemed
beneficially owned by each of them.
GTH, CCPLP, CCP Strategic, CCP SBS, CCP AIV II, CCP Strategic AIV II, CCP
AIV III, CCP Strategic AIV III, Centerbridge Associates, L.P., Centerbridge GP
Investors, LLC, Mr. Jeffrey H. Aronson and Mr. Mark T. Gallogly are herein
collectively referred to as the "Reporting Persons."
The Reporting Persons are making this single joint filing pursuant to Rule
13(d)-1(k)(1) of the Securities Exchange Act of 1934, as amended. The agreement
among the Reporting Persons to file jointly was attached as Exhibit D to the
Original 13D.
Certain information contained in this Amendment relates to the ownership of
Common Stock by persons other than the Reporting Persons. The Reporting Persons
expressly disclaim any liability for any such information and for any other
information provided in this Amendment that does not expressly pertain to the
Reporting Persons.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Original 13D is hereby amended and restated in its entirety
as follows:
Not applicable.
Item 4. Purpose of Transaction.
Item 4 of the Original 13D is hereby amended and restated in its entirety
as follows:
On April 30, 2008, Green Tree Servicing LLC, a Delaware limited liability
company and a wholly owned indirect subsidiary of GTH ("GTS"), entered into an
Asset Purchase Agreement (as amended from time to time, the "Purchase
Agreement") with the
Issuer, Origen Servicing, Inc., a Delaware corporation and a wholly owned
indirect subsidiary of the Issuer, and Origen Financial L.L.C., a Delaware
limited liability company and a wholly owned direct subsidiary of the Issuer,
providing for, among other things, the purchase by GTS of certain loan servicing
rights and related assets of the Issuer's subsidiaries.
Pursuant to its terms, the Purchase Agreement and the transactions
contemplated thereby are to be submitted to a vote of the Issuer's stockholders.
In connection with the Purchase Agreement, GTH entered into a Voting Agreement,
dated as of April 30, 2008 (as amended from time to time, the "Voting
Agreement"), with certain of the Issuer's securityholders set forth therein (the
"Voting Agreement Parties").
Under the Voting Agreement, among the other things, each Voting Agreement
Party agreed, during the term of the Voting Agreement, to: (i) at any meeting of
stockholders of the Issuer (or in connection with any written consent of such
stockholders), vote the shares of Common Stock beneficially owned by it in favor
of the adoption, approval and consummation of the Purchase Agreement and the
transactions contemplated thereby; (ii) at any meeting of stockholders of the
Issuer (or in connection with any written consent of such stockholders), vote
the shares of Common Stock beneficially owned by it against any competing or
alternative transaction or any other action, matter or agreement that would or
is intended, or could reasonably be expected, to result in a competing or
alternative transaction or a breach of the provisions of the Purchase Agreement
by the Issuer or its applicable subsidiaries; and (iii) grant to GTH a proxy
(each, a "Proxy") over the shares of Common Stock beneficially owned by it,
pursuant to which GTH may designate its president and any of its vice presidents
to serve as proxies for the purpose of voting such shares as described in the
immediately preceding clauses (i) and (ii). Each Voting Agreement Party may vote
the Common Stock beneficially owned by it, and GTH's designated proxies may not
exercise any voting rights of such Common Stock, in respect of any matter not
referred to in such Voting Agreement Party's Proxy. The Voting Agreement and
related Proxies will terminate immediately following the earliest to occur of
(x) the consummation of the transactions contemplated by the Purchase Agreement,
(y) the termination of the Purchase Agreement in accordance with its terms, or
(z) written notice by GTH to the Voting Agreement Parties of the termination of
the Voting Agreement.
On July 1, 2008, the transactions contemplated by the Purchase Agreement
were consumated and, consequently, the Voting Agreement and the Proxies were
terminated pursuant to their respective terms. As a result of such termination,
the Reporting Persons no longer have any power to vote any shares of Common
Stock and thus may not be deemed beneficial owners of any shares of Common Stock
that are beneficially owned by the Voting Agreement Parties.
Item 5. Interest in Securities of the Issuer.
Items 5(a) and (b) of the Original 13D are hereby amended and rested in
their entirety as follows:
(a) and (b) As a result of the termination of the Voting Agreement and
Proxies pursuant to their respective terms, as of July 1, 2008, none of the
Reporting Persons (i) has the sole or shared power to vote any shares of Common
Stock, (ii) has the sole or shared power to dispose of any shares of Common
Stock or (iii) may be deemed to have sole or shared beneficial ownership of any
shares of Common Stock.
Item 5 of the Original 13D is hereby further amended by adding the
following paragraph (e) to the end thereof:
(e) As of July 1, 2008, none of the Reporting Persons may be deemed the
beneficial owners of more than 5% of the Common Stock.
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned, severally and not jointly,
certifies that the information set forth in this statement is true, complete and
correct.
Dated: July 3, 2008
GTH LLC CENTERBRIDGE CAPITAL PARTNERS, L.P.
By: Centerbridge Associates, L.P.,
its General Partner
By: Centerbridge GP Investors, LLC,
its General Partner
By: /s/ Brian F. Corey
------------------------- By: /s/ Lance N. West
Name: Brian F. Corey -------------------------------
Title: Senior Vice President Name: Lance N. West
General Counsel and Secretary Title: Senior Managing Director
CENTERBRIDGE CAPITAL PARTNERS SBS, L.P. CENTERBRIDGE CAPITAL PARTNERS
AIV II, L.P.
By: Centerbridge Associates, L.P., By: Centerbridge Associates, L.P.,
its General Partner its General Partner
By: Centerbridge GP Investors, LLC, By: Centerbridge GP Investors, LLC,
its General Partner its General Partner
By: /s/ Lance N. West By: /s/ Lance N. West
------------------------------- -------------------------------
Name: Lance N. West Name: Lance N. West
Title: Senior Managing Director Title: Senior Managing Director
CENTERBRIDGE CAPITAL PARTNERS CENTERBRIDGE CAPITAL PARTNERS
STRATEGIC AIV II, L.P. AIV III, L.P.
By: Centerbridge Associates, L.P., By: Centerbridge Associates, L.P.,
its General Partner its General Partner
By: Centerbridge GP Investors, LLC, By: Centerbridge GP Investors, LLC,
its General Partner its General Partner
By: /s/ Lance N. West By: /s/ Lance N. West
------------------------------- -------------------------------
Name: Lance N. West Name: Lance N. West
Title: Senior Managing Director Title: Senior Managing Director
CENTERBRIDGE CAPITAL PARTNERS CENTERBRIDGE CAPITAL PARTNERS
STRATEGIC AIV III, L.P. STRATEGIC, L.P.
By: Centerbridge Associates, L.P., By: Centerbridge Associates, L.P.,
its General Partner its General Partner
By: Centerbridge GP Investors, LLC, By: Centerbridge GP Investors, LLC,
its General Partner its General Partner
By: /s/ Lance N. West By: /s/ Lance N. West
------------------------------- -------------------------------
Name: Lance N. West Name: Lance N. West
Title: Senior Managing Director Title: Senior Managing Director
CENTERBRIDGE ASSOCIATES, L.P. CENTERBRIDGE GP INVESTORS, LLC
By: Centerbridge GP Investors, LLC,
its General Partner
By: /s/ Jeffrey H. Aronson By: /s/ Jeffrey H. Aronson
---------------------------- ----------------------------
Name: Jeffrey H. Aronson Name: Jeffrey H. Aronson
Title: Managing Member Title: Managing Member
By: /s/ Jeffrey H. Aronson By: /s/ Mark T. Gallogly
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Name: Jeffrey H. Aronson Name: Mark T. Gallogly