WEST PALM BEACH, Fla., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity”) today announced that its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC (the “Issuers”), closed their previously announced offering of 9.875% Senior Notes due 2029 (the “PHH Senior Notes”) in an aggregate principal amount of $200 million. Glen A. Messina, Chair, President and CEO of Onity Group, said, “We opportunistically executed this debt offering to expand and strengthen our capital structure at att ...

WEST PALM BEACH, Fla., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that it will hold a conference call on Thursday, February 12, 2026 at 8:30 a.m. (ET) to review the Company’s fourth quarter and full year 2025 operating results. All interested parties are welcome to participate. You can access the conference call by dialing (800) 267-6316 or (203) 518-9783 approximately 10 minutes prior to the call; please reference the conference ID “Onity.” Pa ...

WEST PALM BEACH, Fla., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity”) today announced that its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC (the “Issuers”), priced their previously announced offering of 9.875% Senior Notes due 2029 (the “PHH Senior Notes”) in an aggregate principal amount of $200 million. The price to investors will be 103.25% of the principal amount of the PHH Senior Notes, which results in an effective yield (YTW) of 8.515% per annum. The issuance and ...

Financial Projections - Estimated net income attributable to common stockholders for Q4 2025 is projected to be between $107 million and $131 million, while the full-year 2025 estimate ranges from $166 million to $190 million [5]. - Diluted earnings per share for Q4 2025 is expected to be between $12.2 and $15.0, with the full-year 2025 estimate ranging from $19.3 to $22.1 [5]. - Adjusted pre-tax income (non-GAAP) for Q4 2025 is estimated at $7 million to $11 million, and for the full year 2025, it is projected to be between $80 million and $84 million [5]. Origination and Servicing Volumes - Total origination funded volume (UPB) for Q4 2025 is approximately $14 billion, while the full-year 2025 total is around $43 billion [5]. - Consumer Direct funded volume (UPB) for Q4 2025 is estimated at $800 million, with a full-year estimate of $1.9 billion [5]. - Total servicing average UPB is projected to be approximately $323 billion for Q4 2025 and $312 billion for the full year 2025 [5]. Capital and Liquidity - The company plans to issue an additional $150 million of 9.875% Senior Notes due 2029, which will form a single series with previously issued notes [12]. - Total available liquidity at the end of the period is projected to be $205 million [5]. Return on Equity and Debt Ratios - The adjusted return on equity (non-GAAP, annualized) is expected to be between 5% and 8% for Q4 2025, and between 16% and 17% for the full year 2025 [8]. - The debt to equity ratio (including MSR and corporate debt) is estimated to be between 2.7:1 and 2.6:1 for both Q4 2025 and the full year 2025 [5].

Core Viewpoint - Onity Group Inc. announced the launch of a $150 million offering of 9.875% Senior Notes due 2029, which will be an additional issuance to the previously issued $500 million of the same notes [1][2]. Group 1: Offering Details - The new PHH Senior Notes will form a single series with the existing $500 million aggregate principal amount of 9.875% Senior Notes originally issued on November 6, 2024 [2]. - The notes are guaranteed on a senior secured basis by Onity and certain subsidiaries, including PHH Mortgage Corporation and PHH Asset Services LLC [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes, specifically for the repayment of certain indebtedness of PHH Mortgage Corporation and PHH Asset Services LLC [3]. Group 3: Regulatory Information - The PHH Senior Notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States in compliance with Regulation S of the Securities Act [4].

Core Viewpoint - Onity Group Inc. announces the appointment of Dawn C. Morris to its Board of Directors, effective January 1, 2026, while Jenne K. Britell will not stand for re-election at the 2026 Annual Meeting of Shareholders [1][2]. Group 1: Board Changes - Dawn C. Morris has been appointed to the Board, bringing extensive experience in financial services with a focus on growth and innovation [2][3]. - Jenne K. Britell has decided not to seek re-election at the upcoming 2026 Annual Meeting of Shareholders, scheduled for May 19, 2026, but will continue to serve until that date [2][3]. Group 2: Background of Dawn C. Morris - Dawn C. Morris is the Founder and CEO of Growth Partners Group, LLC, and has held various leadership roles in financial institutions, including Chief Digital and Marketing Officer at First Horizon National Corporation [3]. - Morris has a military background as an Army Captain and has served in multiple senior positions at banks, including Vice President at RBC Bank and Executive Vice President at Webster Bank [3]. Group 3: Company Overview - Onity Group Inc. is a leading non-bank financial services company, providing mortgage servicing and originations through its brands, PHH Mortgage and Liberty Reverse Mortgage [4]. - PHH Mortgage is one of the largest servicers in the U.S., while Liberty is a major reverse mortgage lender, helping customers meet personal and financial needs [4].

Company Overview - The company operates as a nonbank mortgage servicer and originator, managing both its own mortgage servicing rights (MSRs) and providing subservicing for others [2][3] - The distinction between owning MSRs and subservicing is highlighted, with owned MSRs being higher risk and requiring hedging and financing, while subservicing does not involve these risks [2] Business Model - The company benefits from both servicing its own MSRs and subservicing for others, with the latter potentially yielding higher fees for managing delinquent loans, although it represents a thinner revenue stream [3] - The servicing operations are indifferent to the ownership of the MSRs, allowing for streamlined management of all loans [3] Types of Loans Managed - The company services a variety of loan types, including forward loans, reverse loans, conventional loans, government loans (GSEs), and private label securitizations (PLS) [3] - Additionally, the company engages in small balance commercial and multifamily loan servicing [3]

Onity Group (NYSE:ONIT) 2025 Conference Summary Company Overview - Onity Group operates as a non-bank mortgage servicer and originator, managing both owned and sub-serviced Mortgage Servicing Rights (MSRs) [1][2] - The company engages in various types of loans including forward loans, reverse loans, conventional loans, and small balance commercial and multifamily loans [2] Business Model - Onity has two primary business segments: servicing and origination - **Servicing**: Manages MSRs for itself and for other clients, with a focus on both owned and sub-serviced MSRs [1][2] - **Origination**: Operates through correspondent lending and direct-to-consumer channels, utilizing advanced technologies like quantitative modeling and machine learning [3] Financial Performance - Year-to-date Return on Equity (ROE) was reported at 25% with a book value per share of approximately $62, reflecting a $2.71 increase year-over-year [3] - The debt-to-equity ratio stood at 3.1 to 1 as of the end of the third quarter [3] Market Insights - The mortgage origination market is projected to reach approximately $1.9 trillion, with a servicing market estimated at $14.5 trillion, typically six to eight times the origination market [5] - Onity's investment thesis highlights profitability that is comparable or superior to peers, with a more attractive valuation, indicating a value play for investors [6] Strategic Initiatives - The company is focused on capital-like growth through sub-servicing and aims to enhance its scale to improve net income margins [4] - Onity has announced a transaction to exit the reverse sub-servicing market, simplifying its business model and allowing for redeployment of approximately $9.6 billion in assets [10][12] Competitive Landscape - The company has signed nine new clients in the sub-servicing space and is negotiating with several large clients for future growth [12] - The competitive landscape is evolving with significant M&A activity, including notable transactions involving larger players like Bayview and Rocket [22][25] Technology and Operational Efficiency - Onity emphasizes the importance of technology and operational superiority, having achieved 12 consecutive quarters of adjusted pre-tax income, with the most recent quarter reporting $31 million [7][16] - The company has received multiple awards for service excellence from GSEs and has a competitive cost structure compared to peers [14][15] Future Outlook - Onity expects to exceed its ROE guidance of 16%-18% and anticipates strong growth in its UPB [17] - The company is focused on organic growth and optimizing liquidity to handle market fluctuations [16][17] Conclusion - Onity Group is positioned for growth in the mortgage servicing and origination markets, with a balanced business model that leverages technology and operational efficiency to enhance profitability and shareholder value [18][28]

Core Viewpoint - Onity Group Inc. will present at the Bank of America Leveraged Finance Conference on December 2, 2025, led by Executive Vice President and CFO Sean O'Neil [1][2]. Company Overview - Onity Group Inc. is a prominent non-bank financial services company specializing in mortgage servicing and originations, operating under the brands PHH Mortgage and Liberty Reverse Mortgage [3]. - PHH Mortgage is recognized as one of the largest servicers in the United States, offering a range of servicing and lending programs to both consumers and business clients [3]. - Liberty Reverse Mortgage is among the largest reverse mortgage lenders in the nation, focusing on loans that assist customers in fulfilling their personal and financial needs [3]. - The company is headquartered in West Palm Beach, Florida, with operations extending to the U.S. Virgin Islands, India, and the Philippines, and has been in service since 1988 [3].

Core Viewpoint - PHH Mortgage Corporation has entered into a strategic partnership with Finance of America Reverse to reposition its role in the reverse mortgage market, transitioning to a subservicer and asset manager while selling reverse mortgage servicing rights for estimated net proceeds of $100 to $110 million [1][5]. Group 1: Transaction Details - PHH will sell reverse mortgage servicing rights (MSRs) for approximately 40,000 Ginnie Mae home equity conversion mortgage (HECM) loans, with an unpaid principal balance of $9.6 billion as of September 30, 2025 [3]. - The transaction includes a three-year subservicing agreement where PHH will act as the subservicer for the sold reverse MSRs [3]. - FAR will acquire PHH's pipeline of reverse mortgage loans and is expected to take on some of PHH's US-based reverse originations employees [4]. Group 2: Financial Implications - The estimated net proceeds from the transaction are projected to be between $100 million and $110 million, subject to adjustments based on asset balances at closing [5]. - The transaction is anticipated to close in the first quarter of 2026, pending regulatory approval and customary closing conditions [5]. - The company plans to use the net proceeds to support growth, reduce debt, and explore a share repurchase program, with expectations that the transaction will be accretive to earnings over the term of the subservicing agreement [6]. Group 3: Strategic Benefits - The partnership with FAR establishes a significant subservicing relationship, simplifying the company's balance sheet by eliminating reverse HECM assets and HMBS liabilities [8]. - This strategic move allows the company to focus on markets and products with greater growth potential, including forward originations and the recently launched FlexIQ product suite [8]. - The transaction is expected to strengthen financial metrics such as liquidity and capital ratio [8].