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Exhibit 10.26

[LOGO OF TFC TEXTRON]

FOURTH AMENDMENT TO WHOLESALE SECURITY AGREEMENT

        THIS FOURTH AMENDMENT TO WHOLESALE SECURITY AGREEMENT ("Amendment") is
made as of the 14th day of May 2004 by and between TEXTRON FINANCIAL
CORPORATION, a Delaware corporation ("Secured Party"); and the undersigned
(jointly and severally, individually and collectively, "Debtor").

WITNESSETH THAT:

        WHEREAS, the Secured Party and Debtor are parties to a certain Wholesale
Security Agreement dated August 21, 2002, as may have been previously amended,
modified or supplemented (the "Agreement"); and

        WHEREAS, the parties hereto desire to amend certain of the terms of the
Agreement;

        NOW THEREFORE, in consideration of the premises and the mutual
obligations hereinafter contained, and for other good and valuable
consideration, the receipt whereof is hereby acknowledged, the parties hereto
agree as follows:

1.All capitalized terms used and not otherwise defined herein shall have the
same meanings provided therefore in the Agreement.

2.Paragraph 6.1 of the Agreement is hereby amended and restated in its entirety
to read as follows:

"Debtor further represents, warrants, covenants, agrees and acknowledges that
Debtor receives good and valuable benefit and consideration from its
relationship with Fleetwood Enterprises, Inc., and as such represents, warrants,
covenants, agrees and acknowledges the failure of Fleetwood Enterprises, Inc.,
to maintain the following financial covenants shall be an Event of Default
hereunder:

(a)Fleetwood Enterprises, Inc. shall achieve a minimum EBITDA for each period of
four consecutive Fiscal Quarters as set forth below:

 
  MINIMUM EBITDA

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  Period Ending

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    $ 51,000,000   On the last Sunday in April 2004         $ 52,000,000   On
the last Sunday in July 2004         $ 55,000,000   On the last Sunday in
October 2004         $ 58,000,000   On the last Sunday in January 2005         $
62,000,000   On the last Sunday in April 2005         $ 65,000,000   Thereafter
   

provided, however, that failure to meet such minimum EBITDA levels shall not
constitute a default or an event of default hereunder unless, until and for so
long as a Minimum Liquidity Event shall have occurred, as of the end of the most
recent calendar month, and be continuing, as outlined Subparagraph 6.1(b) of
this Agreement.

(b)On a consolidated basis, Fleetwood Enterprises, Inc. shall at all times
maintain Fleetwood Liquidity of not equal to or less than Ninety Million Dollars
($90,000,000.00) for the most recent calendar month, of which the Borrowers (on
a stand alone basis) shall maintain at all times Borrower Liquidity for the most
recent calendar month of not equal to or less than Sixty Million Dollars
($60,000,000.00).

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(c)Notwithstanding anything contained elsewhere herein, capitalized terms in
Sections 6.1(a) and (b) hereof shall have the meanings ascribed to them in the
Other Credit Facility (defined in Section 9(l) of this Agreement), as amended,
in the form of such Other Credit Facility and amendments thereto as the same
have been filed by Fleetwood Enterprises, Inc. with the Securities and Exchange
Commission prior to the date hereof.

Not later than forty-five calendar days after the last day of each fiscal
quarter, or ninety calendar days after the last day of each fiscal year,
Fleetwood Enterprises, Inc. shall submit to Secured Party a certificate stating
that Debtor is in compliance with each of the foregoing representations,
covenants, and warranties in Section 6.1(a) and (b) (or, if applicable,
disclosing any non-compliance therewith), and shall show such supporting
information for all of the foregoing as Secured Party may reasonably request.
Each certificate shall be in form and substance reasonably satisfactory to
Secured Party and signed by the chief financial officer or chief accounting
officer of Fleetwood Enterprises, Inc. (or such other officer if acceptable to
Secured Party in its sole discretion). The amounts and calculations referred to
above shall be determined as set forth in Sections 6.1(a) and (b) or in the
definitions of defined terms contained therein, or otherwise in accordance with
generally accepted accounting principles consistently applied, excepting only as
such principles may be modified above, and Textron's calculations shall be
conclusive absent manifest error."

3.The Agreement is further amended by deleting Schedule 9(L) and substituting in
lieu thereof the Revised Schedule 9(L) attached hereto and incorporated herein
by this reference.

4.Except as amended hereby, the Agreement shall remain in full force and effect,
and is in all respects hereby ratified and affirmed.

5.This Amendment, and the rights and duties of the parties hereunder, shall be
governed by and construed in accordance with the internal laws of the State of
Rhode Island, without regard to such jurisdiction's principles of conflicts of
laws. If any provision of this Amendment is determined to be illegal, invalid or
unenforceable, such provision shall be fully severable and the remaining
provisions shall remain in full force and effect and shall be construed without
giving effect to the illegal, invalid or unenforceable provisions.

6.This Amendment may be executed in any number of counterparts, each of which
when so executed and delivered shall be an original, but all of which together
shall constitute one and the same instrument, and a facsimile signature shall
suffice as original for all purposes.

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        IN WITNESS WHEREOF, the parties hereto have caused this amendment to be
executed by their duly authorized officer or representative as of the day and
year first above written.

SECURED PARTY:

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  DEBTOR:

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TEXTRON FINANCIAL CORPORATION, for itself and as agent for its affiliates  
FLEETWOOD RETAIL CORP. OF ARKANSAS,
an Arkansas corporation
 
 
 
FLEETWOOD RETAIL CORP. OF GEORGIA,
a Georgia corporation
By:
/s/  BRIAN COURTNEY      

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  Print Name: Brian Courtney
Print Title: VP, Credit      
 
 
 
FLEETWOOD RETAIL CORP. OF ILLINOIS,
a Illinois corporation
 
 
 
FLEETWOOD RETAIL CORP. OF KANSAS,
a Delaware corporation
 
 
 
FLEETWOOD RETAIL CORP. OF LOUISIANA,
a Louisiana corporation
 
 
 
FLEETWOOD RETAIL CORPORATION OF MISSOURI,
a Missouri corporation
 
 
 
FLEETWOOD RETAIL CORP. OF OHIO,
a Ohio corporation
 
 
 
FLEETWOOD HOME CENTERS OF NEVADA, INC.,
a Nevada corporation
 
 
 
FLEETWOOD RETAIL CORP. OF OKLAHOMA,
a Oklahoma corporation
 
 
 
FLEETWOOD RETAIL CORP. OF SOUTH CAROLINA,
a South Carolina corporation
 
 
 
FLEETWOOD RETAIL CORP. OF WEST VIRGINIA,
a West Virginia corporation
 
 
 
FLEETWOOD RETAIL CORP. OF WASHINGTON,
a Delaware corporation          

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Secured Party's address for notices:
P.O. Box 3090
Alpharetta, GA 30023
 
By:
/s/  BOYD R. PLOWMAN      

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Print Name: BOYD R. PLOWMAN
Print Title: AS EXECUTIVE V.P. FOR EACH OF THE FOREGOING DEBTORS

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REVISED SCHEDULE 9(L)

        Capitalized terms not defined in this Schedule shall have the meaning
ascribed to them in the Other Credit Facility.

Fleetwood Enterprises, Inc. shall achieve a minimum EBITDA for each period of
four consecutive Fiscal Quarters as set forth below:

 
  MINIMUM EBITDA

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  Period Ending

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    $ 51,000,000   On the last Sunday in April 2004         $ 52,000,000   On
the last Sunday in July 2004         $ 55,000,000   On the last Sunday in
October 2004         $ 58,000,000   On the last Sunday in January 2005         $
62,000,000   On the last Sunday in April 2005         $ 65,000,000   Thereafter
   

provided, that failure to meet such minimum EBITDA levels shall not constitute a
Default or an Event of Default hereunder unless, until and for so long as a
Minimum Liquidity Event shall have occurred, as of the end of the most recent
calendar month, and be continuing, as outlined below:

On a consolidated basis, Fleetwood Enterprises, Inc. shall at all times maintain
Fleetwood Liquidity of not equal to or less than Ninety Million Dollars
($90,000,000.00) for the most recent calendar month, of which the Borrowers (on
a stand alone basis) shall maintain at all times Borrower Liquidity for the most
recent calendar month of not equal to or less than Sixty Million Dollars
($60,000,000.00).

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Exhibit 10.26