other material
confidence high
sentiment positive
materiality 0.65
Onity Q1 preliminary: originations up significantly; Ginnie Mae recapture >70%; possible $180M DTA release
ONITY GROUP INC.
- Originations volume significantly higher than Q1 2024; Ginnie Mae recapture rate over 70%.
- Launched improved closed-end second lien product in Feb 2025; early indications show strong borrower reception.
- Servicing portfolio growing with bulk MSR purchases completed in Q1; added new subservicing clients.
- Possible release of valuation allowance on $180M net deferred tax asset by year-end 2025.