---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-026510"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:31:40.783772+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ocwen Q2 net income $15M, up $56M QoQ; CFPB ruling final

## Summary
- GAAP net income of $15M, an improvement of $56M from Q1 2023.
- Adjusted pre-tax income of $23M, up $17M from Q1 2023.
- Total liquidity of $233M as of June 30, 2023, up 6% from year-end 2022.
- Favorable CFPB ruling stands; case closed after no appeal.
- Book value per share of $57; $15M pre-tax gain on reverse asset transaction.

## SEC filing metadata
- accession: 0001493152-23-026510
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/873860/000149315223026510/0001493152-23-026510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315223026510/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-026510
- JSON: https://secwatch.observer/filing/0001493152-23-026510.json
- Plain text: https://secwatch.observer/filing/0001493152-23-026510.txt

## Key facts
- Earnings Releases
  ONITY GROUP INC. reported second quarter ended June 30, 2023 results: net income $15 million.
  - Period: second quarter ended June 30, 2023
  - Net income: $15 million
  - Result: reported results
  source text: On August 3, 2023, Ocwen Financial Corporation issued a press release announcing results for the second quarter ended June 30, 2023 and providing a business update.
  evidence_url: https://www.sec.gov/Archives/edgar/data/873860/000149315223026510/0001493152-23-026510-index.htm

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