WEST PALM BEACH, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that it will hold a conference call on Thursday, February 13, 2025 at 8:30 a.m. (ET) to review the Company’s fourth quarter and full-year 2024 operating results. All interested parties are welcome to participate. You can access the conference call by dialing (800) 274-8461 or (203) 518-9814 approximately 10 minutes prior to the call; please reference the conference ID “Onity.” Pa ...

AI assistant, known as LASI, now available to enhance the client experience in LoanSpan, PHH’s client analytics and reporting platformWEST PALM BEACH, Fla., Feb. 03, 2025 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Onity Group Inc. (NYSE: ONIT) and a leading non-bank mortgage servicer and originator, today announced that the Company has launched an AI assistant through its LoanSpan client reporting and analytics platform to enhance the client experience. LoanSpan’s AI assistan ...

Onity Group (ONIT) shares soared 5.2% in the last trading session to close at $32.17. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.3% loss over the past four weeks.Onity Group shares rallied in the second consecutive trading session as cooler December inflation fueled optimism about a potential Fed rate cut. Despite mortgage rates near 7%, lower rates could eventually boost mortgage demand and strengthen the company’s financ ...

WEST PALM BEACH, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that Valerie Haertel has joined the Company as Vice President, Investor Relations. Ms. Haertel will report to Sean O’Neil, Executive Vice President and Chief Financial Officer of Onity. Ms. Haertel is responsible for leading Onity’s investor relations activities to accelerate investor outreach and to communicate the Company’s ...

WEST PALM BEACH, Fla., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it has completed the previously announced transaction with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to sell the Company’s 15% interest in MSR Asset Vehicle LLC (“MAV”) to Oaktree for total cash proceeds of $49.5 million. Onity’s subsidiary, PHH Mortgage Corporation, will remain the exclusive subservic ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

For Immediate ReleaseChicago, IL – November 14, 2024 – Today, Zacks Equity Research PennyMac Financial Services, Inc. (PFSI) , Lending Tree, Inc. (TREE) and Onity Group Inc. (ONIT) .Industry: MortgageLink: https://www.zacks.com/commentary/2369478/3-stocks-to-buy-from-prospering-mortgage-related-services-industryAs the Federal Reserve keeps lowering interest rates, the Zacks Mortgage & Related Services industry will benefit from the improving trends of purchase originations and refinancing volumes. This will ...

As the Federal Reserve keeps lowering interest rates, the Zacks Mortgage & Related Services industry will benefit from the improving trends of purchase originations and refinancing volumes. This will be led by a gradual decline in mortgage rates. However, with rising competition, mortgage servicers continue to be under pressure as they are required to resort to price-cutting, leading to a reduction in sales margins. Nonetheless, with the declining interest rates, the demand for mortgages will improve, there ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: ____________________ to ____________________ Commission File No. 1-13219 Onity Group Inc. (Exact name of registrant as specified in its charter) Florida ...

WEST PALM BEACH, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity”), a leading non-bank mortgage servicer and originator, today announced that PHH Escrow Issuer LLC (“Escrow Issuer”), a wholly-owned special purpose subsidiary of PHH Corporation (“PHH”), closed the previously announced offering of $500 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “Notes”). Glen A. Messina, Chair, President and CEO of Onity Group, said, “We have made significant progress ...