---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-031547"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2026-07-01T20:15:19+00:00"
generated_at: "2026-07-01T20:16:08.557045+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-031547
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2026-07-01T20:15:19+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315226031547/0001493152-26-031547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315226031547/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-031547
- JSON: https://secwatch.observer/filing/0001493152-26-031547.json
- Plain text: https://secwatch.observer/filing/0001493152-26-031547.txt

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