Onity reports Q3 net income of $18M; loses Rithm as subservicing client (10% of UPB)

ONITY GROUP INC.

Q3 net income $18M ($2.03 diluted EPS); adjusted pre-tax income $31M (adj. ROE 25%).
Rithm Capital notified Onity it won't renew subservicing agreements effective Jan 31, 2026; $33B UPB affected (10% of total, 55% of delinquent loans).
Servicing transfer expected Q1-Q2 2026; $8.5B UPB subject to third-party consents.
Onity expects restructuring obligation but believes no material financial impact for full year 2026.
Expects to exceed 2025 adj. ROE guidance of 16-18%; plans to release DTA valuation allowance by year-end.

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