other material
confidence high
sentiment neutral
materiality 0.40
Ocwen discloses no exposure to Silicon Valley Bank or Signature Bank
ONITY GROUP INC.
- Company has no lending or depository relationships with Silicon Valley Bank or Signature Bank.
- Majority of operating account deposits are held at money center banks.
- Servicing custodial balances on behalf of borrowers are FDIC insured, held at money center and regional banks.
- Disclosure made in response to recent bank closures to address investor concerns.