secwatch.observer — SEC 8-K summary
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Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001493152-26-021221
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315226021221/0001493152-26-021221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315226021221/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-021221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer