secwatch.observer — SEC 8-K summary
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Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001493152-23-039642
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocwen Financial Q3 2023 net income $8M, EPS $1.10; adjusted pre-tax income $10M
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- GAAP net income of $8 million; diluted EPS of $1.10.
- Adjusted pre-tax income of $10 million; 9% annualized adjusted pre-tax return on equity.
- Total servicing UPB $296B (+2% QoQ); subservicing UPB $167B (+6% QoQ).
- Repurchased $14 million of PHH senior secured notes below par during Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315223039642/0001493152-23-039642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315223039642/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039642

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer