---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-041704"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:40:13.399589+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Onity reports prelim Q3 net income $21.4M ($2.65 EPS), plans $475M notes offering

## Summary
- Q3 2024 prelim net income $21.4M, diluted EPS $2.65, vs Q2 net income $10.5M, EPS $1.33.
- Adjusted pre-tax income (non-GAAP) $35.3M, up from $31.7M in Q2; total origination volume ~$8.5B.
- Subsidiary plans $475M senior notes due 2029; net proceeds to redeem PHH 7.875% notes due 2026 and Onity second lien notes due 2027.
- Redemption contingent on Oaktree MAV sale and escrow release; PHH notes call at 101.969% plus accrued interest.
- PHH Mortgage issued notice to redeem all 7.875% notes on Nov 20, 2024, subject to financing condition.

## SEC filing metadata
- accession: 0001493152-24-041704
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/873860/000149315224041704/0001493152-24-041704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224041704/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-041704
- JSON: https://secwatch.observer/filing/0001493152-24-041704.json
- Plain text: https://secwatch.observer/filing/0001493152-24-041704.txt

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