secwatch.observer — SEC 8-K summary
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Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001493152-23-026510
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315223026510/0001493152-23-026510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315223026510/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-026510

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