EXHIBIT 21

LIST OF MATERIAL SUBSIDIARIES OF THE COMPANY

	Jurisdiction of
Name of Subsidiary (1)	Incorporation or Organization
Crest Capital LLC		Nevada
Golden West Leasing, LLC		Nevada
HBOS Manufacturing, LP (2)		Delaware
Oak Leaf Holdings, LLC		Delaware
Oakwood Acceptance Corporation, LLC (3)		Delaware
Oakwood Advance Receivables Company II, LLC		Nevada
Oakwood Capital Corp.		Nevada
Oakwood Financial Corporation		Nevada
Oakwood Investment Corporation		Nevada
Oakwood NSPV I Corporation		Nevada
Oakwood Mobile Homes, Inc. (4)		North Carolina
Oakwood Mortgage Investors, Inc.		Nevada
Oakwood Servicing Holdings Co., LLC		Nevada
Oakwood Shared Services, LLC		Delaware
Oakwood Tranche A Servicing Advance Receivables Company, LLC		Nevada
OMI Note Trust 2003-A		Delaware
Preferred Housing Services, LP		Delaware
Suburban Homes Sales, Inc.		Michigan

(1)	Each subsidiary does business under its corporate name.
(2)	Also does business under the names “Crest Homes,” “Golden West Homes,” “Homes by Oakwood,” “Marlette Homes” and “Schult Homes.”
(3)	Also does business under the name “Golden Circle Financial Services.”
(4)	Also does business under the names “Freedom Homes,” “Golden West Homes” and “Schult Homes.”