ONITY GROUP INC. reported first quarter ended March 31, 2026 results: revenue $294 million, net income $7 million, EPS $0.74. Guidance reaffirmed.
“in annualized adjusted ROE* of (4%), includes impact of mortgage interest rate volatility, higher than expected refinancing activity, and elevated FHA delinquencies ● $294 million in total revenue, up 18% vs Q1 2025; $278 million in adjusted revenue,* up 26% vs Q1 2025 ● $28 billion in total servicing additions, including $20 billion in MSR additions ●”
Material Agreements
ONITY GROUP INC. amended the Amendment with Finance of America Reverse LLC valued at approximately $105-115 million (effective 2026-04-30).
“On April 30, 2026, Onity Group Inc. (“Onity” or the “Company”), through its wholly-owned subsidiary Onity Mortgage Corporation (“OMC”), and Finance of America Reverse LLC (“FAR”) entered into an amendment (the “Amendment”) to the parties’ agreements for the sale of Onity’s reverse mortgage servicing portfolio and certain reverse originations assets.”
Material Agreements
ONITY GROUP INC. entered into Second Supplemental Indenture with Wilmington Trust, National Association valued at $200 million aggregate principal amount of 9.875% Senior Notes due 2029 (effective 2026-01-30).
“On January 30, 2026, Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) announced that its subsidiaries PHH Corporation (“PHH”) and PHH Escrow Issuer LLC (the “Escrow Issuer” and together with PHH, the “Issuers”) completed the issuance and sale of $200 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “PHH Senior Notes”).”
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