secwatch.observer — SEC 8-K summary
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Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0001493152-24-047814
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onity Group renews Rithm subservicing agreements through Jan 2026 with reduced fees
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- Agreements renewed through January 31, 2026; auto-renew on Feb 1, 2026 unless notice given.
- Onity's subservicing fees reduced under amended economic terms of the renewal.
- Non-renewal notice deadlines: Onity by July 1, 2025; Rithm by November 1, 2025.
- Agreements cover subservicing and Rights to MSRs between Onity and Rithm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315224047814/0001493152-24-047814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315224047814/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047814

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