---
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"
generated_at: "2026-06-15T23:47:40.940834+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ocwen Financial reports Q1 GAAP net loss of $40M; adjusted pre-tax income of $6M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-015365
- JSON: https://secwatch.observer/filing/0001493152-23-015365.json
- Plain text: https://secwatch.observer/filing/0001493152-23-015365.txt

## Key facts
- Earnings Releases
  ONITY GROUP INC. reported first quarter ended March 31, 2023 results: net income Net loss of $40 million.
  - Period: first quarter ended March 31, 2023
  - Net income: Net loss of $40 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/873860/000149315223015365/0001493152-23-015365-index.htm

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