---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007602"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T04:06:20.654135+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Ocwen discloses no exposure to Silicon Valley Bank or Signature Bank

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-007602
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315223007602/0001493152-23-007602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315223007602/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007602
- JSON: https://secwatch.observer/filing/0001493152-23-007602.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007602.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.