Willkie Represents Green Tree in Loan Servicing Asset Purchase

On April 30, Origen Financial, Inc. announced that it has entered into an agreement for the sale of its servicing platform assets to Willkie client Green Tree Servicing LLC, a leading loan servicer.   Upon completion, the transaction will include the transfer of servicing for approximately $1.6 billion of manufactured housing loans.  The transaction is subject to the approval of the stockholders of Origen and the satisfaction of certain other customary closing conditions.  The transaction was handled by Corporate partners William Dye, Rosalind Fahey Kruse and Thomas French, and Corporate associates Alex Fallis, Adanech Getachew and Mark Getachew. Tax partners Hillel Jacobson and Richard Reinhold, Restructuring partner Rachel Strickland, and Real Estate associate Michael Sherman also assisted with the matter.