secwatch.observer — SEC 8-K summary
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Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2026-07-01T20:15:19+00:00
Accession:  0001493152-26-031547
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315226031547/0001493152-26-031547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315226031547/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-031547

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