---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-029863"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:09:30.710380+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Onity posts Q2 net income of $11M; enters LOI to acquire $3B reverse mortgage assets

## Summary
- GAAP net income of $11M; diluted EPS $1.33; annualized ROE 10%.
- Adjusted pre-tax income of $32M; 28% annualized adjusted pre-tax ROE.
- Added $19B total servicing portfolio ($12B subservicing) during Q2.
- LOI with Waterfall to buy MAM's reverse mortgage assets (~$3B UPB, $55M net value); close expected H2 2024.
- Consideration: $51.7M in 7.875% cumulative non-convertible preferred stock, callable after 4 years.

## SEC filing metadata
- accession: 0001493152-24-029863
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315224029863/0001493152-24-029863-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224029863/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-029863
- JSON: https://secwatch.observer/filing/0001493152-24-029863.json
- Plain text: https://secwatch.observer/filing/0001493152-24-029863.txt

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