---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007927"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T13:49:27.254269+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ocwen reports FY2023 GAAP net loss of $64M; adjusted pre-tax income of $49M

## Summary
- Q4 GAAP net loss of $47M; adjusted pre-tax income of $11M. Full-year net loss $64M; adjusted pre-tax income $49M.
- GAAP operating expenses reduced by over $120M, or 23%, versus 2022.
- Total liquidity $242M as of Dec 31, 2023, up 10% YoY.
- $89M reduction in unrealized MSR value change due to rates and assumptions, net of hedge.

## SEC filing metadata
- accession: 0001493152-24-007927
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315224007927/0001493152-24-007927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224007927/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007927
- JSON: https://secwatch.observer/filing/0001493152-24-007927.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007927.txt

## Key facts
- Earnings Releases
  ONITY GROUP INC. reported financial results for the fourth quarter and the year ended December 31, 2023.
  - Period: the fourth quarter and the year ended December 31, 2023
  - Result: reported results
  source text: On February 27, 2024, Ocwen Financial Corporation issued a press release announcing results for the fourth quarter and the year ended December 31, 2023 and providing a business update.
  evidence_url: https://www.sec.gov/Archives/edgar/data/873860/000149315224007927/0001493152-24-007927-index.htm

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