← Back

Onity Group Inc.

Onity Group Inc. is a financial services company that originates and services forward and reverse mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through the Servicing and Originations segments, offering owned mortgage servicing rights and subservicing products, conventional, government-insured, and non-agency mortgage loans, as well as reverse mortgage and multi-family loans. The company also originates and purchases residential forward and reverse mortgage loans through correspondent lending arrangements, broker relationships, and retail channels, and engages in reinsurance business. Its services are offered under the PHH Mortgage and Liberty Reverse Mortgage brands to financial institutions. Formerly known as Ocwen Financial Corporation, it changed its name to Onity Group Inc. in June 2024. Founded in 1988, the company is headquartered in West Palm Beach, Florida.

Country
Price · split & dividend adjusted
News & notes moving ONIT
United States
ONIT▼

Onity Group posts record $15.5 billion originations, net loss on transaction costs

Onity Group reported record quarterly funded originations of $15.5 billion in the second quarter of 2026, up 64% year over year, while transaction costs and unfavorable fair-value adjustments contributed to a net loss. Revenue rose 24% from a year earlier, and origination margins improved to 26 basis points. The net loss included approximately $33 million in pre-tax costs tied to the reverse asset sale to Finance of America and the transfer of legacy subservicing to Rithm. Management expects full-year 2026 adjusted return on equity at the low end of its 10% to 15% guidance range amid geopolitical, inflationary and market pressures. The company also completed a $10 million share repurchase and has an additional $20 million buyback authorization in place.
ONIT ▼FOA RITM
ONIT · Capital · Negative Record originations but net loss due to transaction costs and fair-value adjustments; guidance at low end of ROE range.
FOA · Capital · Neutral Onity's net loss includes transaction costs from the reverse asset sale to Finance of America, but impact on Finance of America is not detailed.
RITM · Capital · Neutral Transfer of legacy subservicing to Rithm mentioned as part of transaction costs, but no direct impact on Rithm stated.
Read original ↗
MarketBeat·57dRead more →
ONIT▲

Onity Group closes reverse mortgage asset sale to Finance of America Reverse

Onity Group has completed the sale of reverse mortgage servicing rights and its origination pipeline to Finance of America Reverse, with net proceeds expected between $70 and $80 million. The servicing rights cover approximately 20,000 Ginnie Mae home equity conversion mortgage loans with an unpaid principal balance of $5.2 billion as of May 31, 2026. Onity Mortgage will subservice the sold reverse mortgage servicing rights under a three-year agreement and will continue securitizations of reverse mortgage buyout loans, while ceasing new reverse mortgage originations. The company intends to use the net proceeds to support growth, reduce debt, and for other corporate purposes.
ONIT ▲
ONIT · Capital · Positive Completed sale of reverse mortgage assets for $70-80M net proceeds, used to reduce debt and support growth.
Finance of America Reverse LLC · Demand · Positive Acquired reverse mortgage servicing rights and origination pipeline, expanding its business.
Onity Mortgage Corporation · Demand · Positive Secured a three-year subservicing agreement for the sold reverse mortgage servicing rights.
Read original ↗
GlobeNewswire·95dRead more →
© 2026 MarketDXAsset