Green Tree Financial Corp. has taken plenty of lumps in recent months, but a look back at its 20-plus years reveals that it has bounced back before.

The manufactured-housing loan market that Green Tree caters to has carried it through hard times, and it isn't likely to disappear, observers said. Manufactured homes now account for one of every three homes built. The market is even luring banks in: After its merger with Barnett, NationsBank is creating a massive manufactured-housing unit.

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