PulteGroup's wholly-owned subsidiary, Pulte Mortgage LLC, has entered into a Master Repurchase Agreement with Truist Bank and other lenders to provide financing for its mortgage loan origination activities. The agreement establishes a revolving mortgage loan repurchase facility.
Key Details
- Agreement: Pulte Mortgage entered into a Master Repurchase Agreement with Truist Bank, acting as agent for a group of buyers.
- Financing Capacity: The agreement provides a maximum aggregate commitment of $625 million.
- Purpose & Term: The facility will be used to finance mortgage loan originations and is effective as of August 11, 2026, with an expiration date of August 10, 2027.