---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017483"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:23:19.971579+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ocwen reports Q1 net income of $30M, EPS $3.74, ROE 29%; Moody's upgrades to B3

## Summary
- Net income of $30M; diluted EPS $3.74; annualized return on equity 29%.
- Adjusted pre-tax income of $14M driven by servicing segment; adjusted pre-tax ROE 13.8%.
- $23B in total servicing additions, including $19B subservicing; $47M repurchase of PHH senior notes below par.
- Moody's upgraded corporate family rating to B3 in April 2024.

## SEC filing metadata
- accession: 0001493152-24-017483
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/873860/000149315224017483/0001493152-24-017483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224017483/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017483
- JSON: https://secwatch.observer/filing/0001493152-24-017483.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017483.txt

## Key facts
- Earnings Releases
  ONITY GROUP INC. reported first quarter ended March 31, 2024 results: net income $30 million, EPS $3.74.
  - Period: first quarter ended March 31, 2024
  - Net income: $30 million
  - EPS: $3.74
  - Result: reported results
  source text: On May 2, 2024, Ocwen Financial Corporation issued a press release announcing results for the first quarter ended March 31, 2024 and providing a business update.
  evidence_url: https://www.sec.gov/Archives/edgar/data/873860/000149315224017483/0001493152-24-017483-index.htm

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