D.R. Horton Subsidiary Expands Mortgage Repurchase Facility

On May 8, 2025, D.R. Horton’s mortgage unit, DHI Mortgage, entered into a Fourth Amendment to its existing master repurchase agreement with U.S. Bank and other buyers. The updated facility provides a $1.4 billion commitment with an option to increase it to $2.0 billion. The agreement extends through May 6, 2026, and supports liquidity by allowing DHI Mortgage to sell eligible loans for funding. D.R. Horton and its other subsidiaries do not guarantee the facility.