other material
confidence high
sentiment neutral
materiality 0.30
Onity Group extends Rithm notice deadline to Nov 22 for subservicing agreement renewal
ONITY GROUP INC.
- Rithm had until Nov 15 to provide non-renewal notice; jointly extended deadline to Nov 22.
- Current subservicing term ends Feb 1, 2025; absent notice will auto-renew to Dec 31, 2025.
- No financial terms disclosed; extension is procedural in nature.