The Ryland Group, Inc. is a homebuilders and a mortgage-finance company. In addition, Ryland Mortgage Company and its subsidiaries, and RMC Mortgage Corporation (collectively referred to as RMC) provide mortgage financing and related services. It consists of six operating business segments. All of the Company's business is conducted and located in the United States. Its operations span aspects of the home buying process from design, construction and sale, escrow and insurance services. The homebuilding segments generate their revenues from sales of completed homes, with sales of land and lots. In addition to building single-family detached homes, the homebuilding segments also build attached homes, such as townhomes, condominiums and some mid-rise buildings, which share common walls and roofs. In July 2012, it acquired Charlotte and Raleigh operations and assets of Timberstone Homes. In December 2012, it acquired Phoenix operations and assets of Trend Homes.