Riverside, CA, May 25, 2007 -- According to SEC filings, Fleetwood has renegotiated its secured credit facility. The SEC filing states:

"The Company’s secured credit facility with a syndicate of lenders led by Bank of America, as agent, was amended on May 25, 2007 to reset the financial performance covenant in the facility at levels that the Company currently expects will be achieved given prevailing market conditions. Furthermore, the Company agreed to maintain an additional $5 million in supplemental real estate collateral for the benefit of the syndicate. The financial performance covenant is tested only in the event that the Company’s liquidity falls below certain established limits.  The Company anticipates that it will continue to meet these established limits for at least the next 12 months. The amendment is filed herewith as Exhibit 10.1.