Investors have punished FirstMerit Corp. and GreenPoint Financial Corp. since Associates First Capital Corp.'s recent announcement that it would be leaving the manufactured housing sector.

Shares of FirstMerit, which acquired a prefab housing lender last year, have fallen 3.8% since Jan. 27, when Associates said it would miss first-quarter earnings targets partly because of a $110 million charge to quit the business. Shares of GreenPoint, the No. 2 manufactured housing lender, are off 10.3% since the news.

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