---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-043611"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:42:45.193599+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Onity Q3 net income $21M, EPS $2.65; issues Series B preferred for $55M assets

## Summary
- GAAP net income $21M, diluted EPS $2.65; adjusted pre-tax income $35M, adjusted pre-tax ROE 31%.
- Issued 2,111,787 Series B Preferred shares to Waterfall for assets with $55.1M book value, including $3B UPB HECM loans and MSRs plus $20M cash.
- Series B Preferred: 7.875% cumulative dividend on $25 liquidation preference, redeemable after 2028, limited voting rights.
- Debt-to-equity ratio improved to 2.9x from 3.9x in Q4 2023; book value per share $59.50 as of Sep 30, 2024.
- Total servicing additions of $18B ($8B subservicing) in Q3.

## SEC filing metadata
- accession: 0001493152-24-043611
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315224043611/0001493152-24-043611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224043611/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-043611
- JSON: https://secwatch.observer/filing/0001493152-24-043611.json
- Plain text: https://secwatch.observer/filing/0001493152-24-043611.txt

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