secwatch.observer — SEC 8-K summary
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Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2026-06-02T10:45:42+00:00
Accession:  0001493152-26-026737
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315226026737/0001493152-26-026737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315226026737/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-026737

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