Onity Group extends Rithm Capital subservicing termination rights to Nov 15, 2024

ONITY GROUP INC.

On October 14, 2024, Onity and Rithm agreed to extend Rithm's termination rights through November 15, 2024.
Current terms of subservicing agreements extended to February 1, 2025; prior extension set October 15 deadline.
Onity believes non-renewal would not have material adverse effect on financial condition or operations.
Discussions with Rithm ongoing to extend servicing arrangements beyond February 2025.

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