---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-021221"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:41:53.658656+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Onity reports Q1 net income $7M, rev $294M; sells $5.1B reverse MSR portfolio

## Summary
- Q1 2026 net income $7M (EPS $0.74); adj. pre-tax loss $6M; revenue $294M (+18% YoY).
- Ending servicing UPB $338B (+11% YoY); servicing additions $28B with $20B MSR additions.
- Updated adj. ROE guidance to 10%-15% from 13%-15% due to interest rate volatility.
- Agreement to sell ~20,000 HECM loans ($5.1B UPB) to FAR for net proceeds $70-80M; close Q3 2026.
- OMC to subservice sold MSRs for 3 years; to discontinue reverse originations post-closing.

## SEC filing metadata
- accession: 0001493152-26-021221
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315226021221/0001493152-26-021221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315226021221/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-021221
- JSON: https://secwatch.observer/filing/0001493152-26-021221.json
- Plain text: https://secwatch.observer/filing/0001493152-26-021221.txt

## Source-grounded claims
- claim_id: 38d50246a05bd44bb6a987d84482ec233048ce6b
  claim: ONITY GROUP INC. reported first quarter ended March 31, 2026 results: revenue $294 million, net income $7 million, EPS $0.74. Guidance reaffirmed.
  evidence_excerpt: in annualized adjusted ROE* of (4%), includes impact of mortgage interest rate volatility, higher than expected refinancing activity, and elevated FHA delinquencies ● $294 million in total revenue, up 18% vs Q1 2025; $278 million in adjusted revenue,* up 26% vs Q1 2025 ● $28 billion in total servicing additions, including $20 billion in MSR additions ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/873860/000149315226021221/0001493152-26-021221-index.htm
- claim_id: 2fd6b307ce6680cd98ec5d61393faf57a9aa9760
  claim: ONITY GROUP INC. amended the Amendment with Finance of America Reverse LLC valued at approximately $105-115 million (effective 2026-04-30).
  evidence_excerpt: On April 30, 2026, Onity Group Inc. (“Onity” or the “Company”), through its wholly-owned subsidiary Onity Mortgage Corporation (“OMC”), and Finance of America Reverse LLC (“FAR”) entered into an amendment (the “Amendment”) to the parties’ agreements for the sale of Onity’s reverse mortgage servicing portfolio and certain reverse originations assets.
  evidence_url: https://www.sec.gov/Archives/edgar/data/873860/000149315226021221/0001493152-26-021221-index.htm

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