Onity Group closes sale of reverse mortgage portfolio to Finance of America Reverse for $70-80M net proceeds

ONITY GROUP INC.

Sold ~20,000 Ginnie Mae HECM loans with $5.2B unpaid principal balance as of May 31, 2026.
Net proceeds expected $70-80M; to be used for growth, debt reduction, and corporate purposes.
Entered into three-year subservicing agreement with FAR; ceased reverse mortgage originations.
Onity will continue securitizations of reverse mortgage buyout loans.

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