It looks like dark clouds on the horizon for the manufactured housing market, with two well-known names cutting back or giving up the business.

Both IndyMac and Dynex Capital Inc. have signalled their intentions to exit the business, either in part or in whole. Dynex has hired Lehman Brothers as an advisor for the sale of its Dynex Financial unit, the fourth largest originator and servicer of manufactured housing loans in the U.S. in 1998.

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