---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-026737"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2026-06-02T10:45:42+00:00"
generated_at: "2026-06-02T10:50:42.451208+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Onity receives regulatory approval for reverse mortgage asset sale to FAR; expects $70-80M proceeds

## Summary
- Regulatory approval received May 28 for sale of reverse MSRs on ~20,000 loans ($5.1B UPB) to Finance of America Reverse.
- Expected net proceeds of $70-80M based on April 30 book value; Onity will subservice the portfolio for three years.
- Upon closing, Onity will discontinue reverse originations and FAR will acquire the reverse loan pipeline.
- Board authorized $20M share repurchase program through June 2027; repurchased shares will be retired and canceled.

## SEC filing metadata
- accession: 0001493152-26-026737
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2026-06-02T10:45:42+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315226026737/0001493152-26-026737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315226026737/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-026737
- JSON: https://secwatch.observer/filing/0001493152-26-026737.json
- Plain text: https://secwatch.observer/filing/0001493152-26-026737.txt

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