Every 8-K that Onity Group Inc. (ONIT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ONIT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ONIT filings page.
Onity Group Inc. reported Q2 2026 results with a net loss attributable to common stockholders of $13 million, diluted EPS of ($1.53) and GAAP ROE of (8)%. After $29 million of notable items, including $24 million of unfavorable asset fair value changes and $9 million of portfolio repositioning costs, adjusted pre-tax income was $14 million and annualized adjusted ROE was 9%.
Total revenue was $283 million, up 15% versus Q2 2025, and adjusted revenue was $281 million, up 24%. Servicing and subservicing fees contributed $229.3 million. The company added $42 billion of total servicing, including a quarterly record of over $15 billion of originations, and ended the quarter with $341 billion of servicing UPB, up 10% versus Q2 2025.
Onity completed a reverse asset sale to Finance of America Reverse LLC, selling approximately 80% of its reverse MSRs for net proceeds of about $77 million and transferring legacy subservicing. It repurchased 141,343 shares for $5.8 million, and book value per share reached $73, $13 higher than Q2 2025. Management maintained 2026 adjusted ROE guidance of 10%–15%, expecting results at the lower end of the range.
Onity Group Inc. has completed the sale of its reverse mortgage servicing portfolio and certain reverse originations assets to Finance of America Reverse LLC, effective June 30, 2026. The transaction covers mortgage servicing rights on about 20,000 Ginnie Mae home equity conversion mortgage loans with an unpaid principal balance of $5.2 billion as of May 31, 2026, plus Onity’s reverse mortgage loan pipeline.
Onity Mortgage will continue to participate in the reverse market through a three-year subservicing agreement under which it will subservice the reverse MSRs sold to FAR and continue securitizations of reverse mortgage buyout loans. Net proceeds are expected to be $70 to $80 million, which the company plans to use to support growth, reduce debt and for other corporate purposes. As part of this strategic shift, Onity has ceased originating reverse mortgages.
Onity Group Inc. reported that it has received regulatory approval to sell its reverse mortgage servicing portfolio and certain originations assets to Finance of America Reverse LLC. The sale covers reverse mortgage servicing rights on about 20,000 Ginnie Mae home equity conversion mortgage loans with an unpaid principal balance of $5.1 billion as of March 31, 2026.
Onity expects net proceeds of $70–$80 million, based on the assets’ book value as of April 30, 2026, and will enter a three-year subservicing agreement with FAR while discontinuing new reverse mortgage originations at closing. Separately, the board authorized a share repurchase program of up to $20 million of common stock through open-market purchases, running through June 2027 unless completed or amended earlier. Repurchased shares will be retired, and actual repurchase activity will depend on market and other conditions.
Onity Group Inc. reported results from its Annual Meeting of Shareholders held on May 19, 2026. Shareholders elected all seven director nominees to one-year terms, with votes for individual nominees ranging from 4.24 million to 4.81 million, plus 2.04 million broker non-votes on each seat.
Shareholders also ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 6,565,885 votes for, 233,206 against, and 125,092 abstentions. In an advisory vote, shareholders approved the compensation of named executive officers, with 4,073,376 votes for, 587,124 against, 220,071 abstentions, and 2,043,612 broker non-votes.
Onity Group Inc. entered into an amended agreement to sell a large reverse mortgage servicing portfolio and reported first quarter 2026 results. Through Onity Mortgage Corporation, it agreed to sell reverse mortgage servicing rights on about 20,000 Ginnie Mae HECM loans with unpaid principal balance of $5.1 billion as of March 31, 2026, plus its reverse loan pipeline, to Finance of America Reverse. Estimated cash proceeds are $105–115 million, with expected net proceeds of $70–80 million after costs and debt repayment, subject to regulatory approval and closing in the third quarter of 2026.
For Q1 2026, Onity reported net income attributable to common stockholders of $7 million, or diluted EPS of $0.74, and GAAP revenue of $294 million, up 18% versus Q1 2025. Adjusted revenue was $278 million, up 26%, but adjusted pre-tax loss was $6 million, producing an adjusted ROE of (4)%. Ending servicing unpaid principal balance reached $338 billion, up 11% year over year.
The company updated its 2026 adjusted ROE guidance range to 10–15% from 13–15%, citing rate volatility. It highlighted share repurchases, a $200 million high-yield debt raise, strong growth in originations to $14 billion, and continued industry awards for servicing performance, while planning to exit most reverse originations and become a subservicer on the reverse portfolio sold to Finance of America Reverse.
Onity Group Inc. filed an amended report to update information about director Dawn C. Morris. The amendment discloses that, effective March 17, 2026, the Board appointed her to the Audit Committee and the Nomination/Governance Committee. The Board also determined that she is independent under SEC rules and New York Stock Exchange listing standards.
Onity Group Inc. filed a current report describing an investor relations event. On March 3, 2026, Executive Vice President and Chief Financial Officer Sean O’Neil is scheduled to host an investor presentation at the J.P. Morgan 2026 Global Leveraged Finance Conference.
The accompanying investor presentation deck is provided as Exhibit 99.1. The company states that this information is being furnished under Regulation FD and will not be treated as filed for liability purposes under the Securities Exchange Act or incorporated into other securities law filings unless specifically referenced.
Onity Group Inc. appointed Aulene Wessel as Senior Vice President and Chief Accounting Officer, effective February 23, 2026, succeeding Francois Grunenwald, who will leave the company after a transition period and whose departure is stated not to stem from any accounting-related disagreement.
Wessel brings senior accounting and financial reporting experience from Truist Bank, SoFi Technologies, Silicon Valley Bank and American Express. Her compensation includes annual base salary of $435,000, an annual cash target incentive of $235,000, a cash sign-on package totaling $525,000, and cash-settled restricted stock units and long-term incentives with target values of $250,000 each.
Onity Group Inc. reported a strong 2025 with net income attributable to common stockholders of $185 million and diluted EPS of $21.46, delivering a GAAP ROE of 35%. GAAP revenue rose 9% to $1.1 billion, while book value per share increased to $74, up $17 year over year.
Fourth quarter 2025 results were particularly strong, with net income of $126 million, diluted EPS of $14.24 and ROE of 89%, although adjusted pre-tax income was $9 million, reflecting notable MSR and runoff impacts. For 2025, adjusted pre-tax income was $82 million, producing a 17% adjusted pre-tax ROE.
Operationally, originations volume grew 43% to $43 billion, total servicing unpaid principal balance reached $328 billion, and total liquidity was $205 million as of December 31, 2025. The company also released a $120 million deferred tax valuation allowance, raised new capital, and continued deleveraging.
Onity’s Board authorized a share repurchase program of up to $10 million of common stock, running through August 2026 unless completed or amended earlier. Management’s 2026 outlook targets adjusted ROE of 13%–15% (16%–18% excluding the tax allowance release) and servicing UPB growth of 5%–15%.
Onity Group Inc. reported that its subsidiaries PHH Corporation and PHH Escrow Issuer LLC completed the issuance and sale of $200 million aggregate principal amount of 9.875% Senior Notes due 2029.
These PHH Senior Notes are an additional issuance that will form a single series and vote together with the existing $500.0 million aggregate principal amount of 9.875% Senior Notes due 2029 originally issued in November 2024 under the same Indenture structure.
Onity Group Inc. filed an update describing a completed debt financing by two of its subsidiaries. On January 30, 2026, PHH Corporation and PHH Escrow Issuer LLC closed a previously announced offering of 9.875% Senior Notes due 2029 with an aggregate principal amount of $200,000,000.
The company disclosed this transaction under a Regulation FD section and attached the related press release as an exhibit, indicating the information is being furnished for transparency rather than as a filing incorporated into other securities law documents.
Onity Group Inc. reported that two of its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, have priced their previously announced offering of 9.875% Senior Notes due 2029 with an aggregate principal amount of $200,000,000. These notes are a form of debt that will require the subsidiaries to pay 9.875% interest until maturity in 2029.
The company noted that the notes have not been, and will not be, registered under the Securities Act of 1933 or the securities laws of any other jurisdiction, meaning they are being offered through a private placement rather than a public offering. Onity also furnished a press release as an exhibit providing further details on this financing transaction.
Onity Group Inc. released preliminary estimates for its fourth quarter and full-year 2025 results, showing net income attributable to common stockholders of $107–$131M for the quarter and $166–$190M for the year. Diluted EPS is estimated at $12.2–$15.0 for the quarter and $19.3–$22.1 for 2025, with adjusted pre-tax income (a non-GAAP measure) projected at $7–$11M for the quarter and $80–$84M for the year.
Results include an estimated $(13)–$(15)M accelerated servicing loss tied to a government shutdown and FHA modification changes, a $102–$122M deferred tax valuation allowance release, and significant legal and regulatory settlement expenses of $25–$24M for the year. Estimated adjusted return on equity is 5%–8% annualized for the quarter and 16%–17% for 2025, with book value per share of $71–$74.
Onity also reports total 2025 origination funded volume of approximately $43B UPB, average servicing UPB of about $312B, and ending available liquidity of $205M. Separately, subsidiaries PHH Corporation and PHH Escrow Issuer LLC commenced an offering of $150M additional 9.875% Senior Notes due 2029, to form a single series with an existing $500M issuance.
Onity Group Inc. filed a report describing changes to its Board of Directors. Dawn C. Morris, Founder and CEO of Growth Partners Group, LLC, has been appointed as a director effective January 1, 2026, temporarily increasing the Board size to nine members. The Board determined she is an independent director under New York Stock Exchange and SEC rules, including those for compensation and audit committee members.
Morris brings prior executive experience at several financial institutions and currently serves on multiple corporate boards. She will receive the same compensation as other non-management directors and will enter into a customary indemnification agreement with the company.
The filing also notes that director Dr. Jenne Britell will not stand for re-election at the 2026 annual shareholder meeting scheduled for May 19, 2026, and will serve until then. The Board plans to reduce its size to seven directors immediately before that meeting to reflect the planned departures of Dr. Britell and Dr. DeForest B. Soaries, Jr.
Onity Group Inc. reported that funds managed by Oaktree Capital Management exercised warrants to purchase 1,184,768 shares of its common stock. Onity elected a net share settlement, issuing 462,762 shares based on a trailing average share price of $44.01 versus the $26.82 exercise price, to preserve liquidity for growth and capital structure initiatives.
After this transaction, Onity has no warrants outstanding, removing uncertainty about any future warrant-related dilution. The exercise reduced implied book value per share by $3.38, or 5.4%, using book value per share of $62.21 as of September 30, 2025, and brought total shares outstanding to 8,521,636. Oaktree’s previously disclosed board observer rights had already terminated after its ownership fell below the required threshold.
Onity Group Inc. filed a current report to note that its Executive Vice President and Chief Financial Officer, Sean O’Neil, is hosting an investor presentation at the Bank of America Leveraged Finance Conference on December 2, 2025. The company’s common stock trades on the New York Stock Exchange under the symbol ONIT.
The presentation materials are provided as an exhibit to the report and are designated as “furnished” rather than “filed,” which means they are not subject to certain liability provisions of the securities laws and are not automatically incorporated into other registration statements or reports.
Onity Group Inc., through its subsidiary PHH Mortgage Corporation, has agreed to sell its reverse mortgage servicing portfolio and certain reverse originations assets to Finance of America Reverse LLC. The sale covers reverse mortgage servicing rights on approximately 40,000 Ginnie Mae home equity conversion mortgage loans with an unpaid principal balance of $9.6 billion as of September 30, 2025.
Based on that balance, the transaction is expected to generate approximately $189 million in cash proceeds before transaction costs, repayment of certain warehouse financings, and other closing adjustments, with net proceeds estimated at $100 to $110 million. PHH will remain involved as subservicer for the sold reverse servicing rights under a three-year agreement that renews automatically for one year unless FAR gives notice, and may be renewed further by mutual agreement.
FAR will also acquire PHH’s pipeline of reverse mortgage loans as of closing and expects to assume some of PHH’s U.S.-based reverse originations employees. In connection with the deal, PHH has agreed to discontinue its reverse originations business upon closing. The transaction is expected to close in the first quarter of 2026, subject to regulatory approval and customary closing conditions.
Onity Group Inc. (ONIT) reported that Rithm Capital will not renew its subservicing agreements, effective January 31, 2026. The agreements represented approximately $33 billion UPB, or 10% of Onity’s total servicing and subservicing unpaid principal balance and 20% of its loan count, and included about 55% of all delinquent loans serviced, as of September 30, 2025.
The servicing transfer to Rithm’s platform is expected in the first and second quarters of 2026, with $8.5 billion UPB subject to required consents. Onity expects to recognize a restructuring obligation upon transfer and states it believes it can replace the earnings contribution with more profitable consumer and commercial relationships, indicating it does not expect a material financial impact for full-year 2026. The company also issued a press release announcing third-quarter 2025 results and a business update.
Onity Group Inc. reported changes to its board of directors. The board appointed Robert S. Welborn as a director effective October 1, 2025, temporarily increasing the board size to eight members. The board determined he is an independent director under New York Stock Exchange and SEC rules, and he will serve on the company’s Risk and Compliance Committee.
The company also disclosed that director DeForest B. Soaries, Jr. will not stand for re-election at the 2026 annual shareholder meeting, currently scheduled for May 20, 2026, though he will continue to serve until then. The board plans to reduce its size to seven immediately before that meeting, and the company stated that Dr. Soaries’ planned retirement is not due to any disagreement regarding its operations, policies, or practices.