News that Warren Buffett's Berkshire Hathaway would purchase manufactured housing lender Oakwood Homes for $373 million left the market optimistic that the issuer - when combined with previously acquired Clayton Homes - would provide stability to the lagging sector. But the news did not persuade players that outstanding transactions would miraculously remedy themselves.

"With Oakwood and Clayton merged into one large entity there is potential that a MH sector turnaround may be afoot," said Credit Suisse First Boston researcher Rod Dubitsky. "But the die is already cast for most [outstanding] deals; however, there are some important potential benefits."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.