{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-015365","form_type":"8-K","ticker":"ONIT","cik":"0000873860","company_name":"ONITY GROUP INC.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.502627+00:00","generated_at":"2026-06-15T23:47:40.940834+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ocwen Financial reports Q1 GAAP net loss of $40M; adjusted pre-tax income of $6M","bullets":["Net loss of $40 million, driven by $39 million reduction in unrealized MSR fair value due to lower interest rates.","Adjusted pre-tax income of $6 million, an improvement of $2 million from Q4 2022, driven by strong servicing performance.","Achieved annualized cost reduction of more than $100 million vs Q2 2022 baseline.","Total liquidity of $233 million as of March 31, 2023, up 7% from December 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-015365","json":"https://secwatch.observer/filing/0001493152-23-015365.json","markdown":"https://secwatch.observer/filing/0001493152-23-015365.md","text":"https://secwatch.observer/filing/0001493152-23-015365.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/873860/000149315223015365/0001493152-23-015365-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/873860/000149315223015365/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:47:40.940834+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7e345e39d64359e2333ab5b9995d9bcb64343cf9","claim":"ONITY GROUP INC. reported first quarter ended March 31, 2023 results: net income Net loss of $40 million.","evidence_excerpt":"On May 4, 2023, Ocwen Financial Corporation issued a press release announcing results for the first quarter ended March 31, 2023 and providing a business update.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/873860/000149315223015365/0001493152-23-015365-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Net income","value":"Net loss of $40 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}