---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-024065"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2025-11-18T23:59:59+00:00"
generated_at: "2026-05-16T18:59:47.717324+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Onity Group sells $9.6B reverse mortgage portfolio to Finance of America Reverse for net proceeds of $100-110M

## Summary
- Selling ~40,000 HECM loans with $9.6B UPB; net proceeds estimated at $100-110M after adjustments.
- PHH will subservice sold MSRs under a three-year agreement; FAR commits to minimum new subservicing volume.
- PHH to discontinue reverse originations upon closing; some US-based employees expected to transfer to FAR.
- Transaction expected to close in Q1 2026, subject to regulatory approvals and customary conditions.
- Onity plans to use net proceeds to support growth, reduce debt, and explore share repurchase program.

## SEC filing metadata
- accession: 0001493152-25-024065
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315225024065/0001493152-25-024065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315225024065/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-024065
- JSON: https://secwatch.observer/filing/0001493152-25-024065.json
- Plain text: https://secwatch.observer/filing/0001493152-25-024065.txt

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