First Quarter 2025 Business Update on our business and operations; the impact of our rebranding initiative; the amount of senior debt or common stock that we may repurchase under any repurchase programs, the timing of such repurchases, and the long-term impact, if any, of repurchases on the trading price of our securities or our financial condition; breach or failure of Onity's, our contractual counterparties', or our vendors' information technology or other security systems or privacy protections, includin ...

Financial Performance - Net income attributable to common stockholders was $21 million, with diluted EPS of $2.50 and ROE of 19%[6] - Adjusted pre-tax income was $25 million, resulting in an annualized adjusted ROE of 22%[6] - Net income attributable to common stockholders for Q1'25 was $21 million, a recovery from a loss of $29 million in Q4'24, but down from $30 million in Q1'24[20] - Adjusted pre-tax income for Q1'25 was $25 million, compared to $11 million in Q4'24 and $15 million in Q1'24[20] - Total revenue for Q1'25 increased to $249.8 million, up from $224.8 million in Q4'24 and $239.1 million in Q1'24[23] - GAAP return on equity (ROE) for Q1'25 was 19%, recovering from a negative 25% in Q4'24, but down from 29% in Q1'24[21] - Basic earnings per share (EPS) for Q1'25 was $2.68, compared to a loss of $3.63 in Q4'24 and earnings of $3.91 in Q1'24[23] Asset and Liability Management - Total assets decreased to $16,259.3 million in Q1'25 from $16,435.4 million in Q4'24, while total liabilities also decreased to $15,749.2 million[22] - The company’s cash and cash equivalents decreased to $178 million in Q1'25 from $184.8 million in Q4'24[22] Mortgage Servicing Rights and Originations - Total servicing additions reached $17 billion, with average servicing UPB of $305 billion, up $13 billion year-over-year[6] - Funded recapture volume increased 2.7 times year-over-year, with a refinance recapture rate of 1.6 times the industry average[7] - Originations volume was $7 billion, up 53% year-over-year, exceeding the industry growth rate of 8%[7] - MSR additions (bulk purchases and originations) totaled $12 billion, more than doubling year-over-year[7] - Mortgage servicing rights (MSRs) at fair value rose to $2,547.4 million in Q1'25 from $2,466.3 million in Q4'24 and $2,374.7 million in Q1'24[22] Guidance and Future Plans - The company confirmed previous guidance for 2025 adjusted ROE in the range of 16% - 18%[6] - The company plans to release some or all of the $180 million deferred tax valuation allowance by year-end 2025[6] Legal and Regulatory Matters - The company reported a significant legal and regulatory settlement expense of $14 million in Q1'25, compared to $2 million in Q4'24 and $2 million in Q1'24[20]

WEST PALM BEACH, Fla., April 30, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced its first quarter 2025 results and provided a business update. First Quarter 2025: Net income attributable to common stockholders of $21 million; diluted EPS of $2.50; ROE of 19%Adjusted pre-tax income* of $25 million, resulting in annualized adjusted ROE* of 22%Book value per share improved to $58 as of March 31, 2025, up $2.15 year-over-year$17 billion in total servicing addit ...

WEST PALM BEACH, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that it will hold a conference call on Wednesday, April 30, 2025 at 8:30 a.m. (ET) to review the Company’s first quarter 2025 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 579-2543 or (785) 424-1789 approximately 10 minutes prior to the call; please reference the conference ...

WEST PALM BEACH, Fla., April 22, 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 a proprietary reverse mortgage product known as EquityIQ®. The product will be available through the Company’s wholesale network and marketed under PHH’s reverse mortgage product brand, Liberty Reverse Mortgage. “For more than two decades, we've leveraged our revers ...

Group 1 - Onity Group (NYSE: ONIT) is currently trading at a 50% discount to its book value, which is significant in the context of its financial health [1] - The discount is attributed to several factors, including a historically bloated balance sheet, near-term debt maturities, unimpressive bottom-line performance, and high capital-distractive acquisitions [1]

Onity Group (ONIT) shares soared 6.5% in the last trading session to close at $28. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.1% loss over the past four weeks.Onity Group witnessed a strong price increase following the news that the company is reportedly considering options to sell its mortgage servicing rights division –  a capital restructuring effort to accelerate capital allocation. Also, the company is expected to wi ...

Company Overview - Onity Group (ONIT) shares increased by 12.2% to close at $34.49, following a preliminary update on financial performance for Q1 2025, contrasting with a 7.4% loss over the past four weeks [1] - The company reported a significant rise in originations volume in Q1 2025 compared to the previous year, attributed to improved channels and a new closed-end second originations product launched in February 2025 [2] Financial Performance - Onity Group is expected to report quarterly earnings of $1.90 per share, reflecting a year-over-year increase of 9.2%, with revenues projected at $259.96 million, up 8.7% from the same quarter last year [3] - The consensus EPS estimate for Onity has been revised down by 20.3% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Context - Onity operates within the Zacks Financial - Mortgage & Related Services industry, where another company, Essent Group (ESNT), has seen a 0.8% increase in its stock price, closing at $55.85, but has returned -0.8% over the past month [4] - Essent Group's consensus EPS estimate has decreased by 5.3% over the past month to $1.66, representing a decline of 2.4% from the previous year [5]

Core Viewpoint - Onity Group Inc. will present at the Sidoti March Virtual Investor Conference on March 19-20, 2025, with key executives participating in the event [1][2]. Company Overview - Onity Group Inc. is a leading non-bank financial services company specializing in mortgage servicing and originations through its primary brands, PHH Mortgage and Liberty Reverse Mortgage [4]. - PHH Mortgage is one of the largest servicers in the United States, offering a variety of servicing and lending programs [4]. - Liberty Reverse Mortgage is among the nation's largest reverse mortgage lenders, focusing on loans that assist customers with personal and financial needs [4]. - The company is headquartered in West Palm Beach, Florida, and has operations in the U.S., U.S. Virgin Islands, India, and the Philippines, serving customers since 1988 [4]. Event Details - The presentation at the conference will start at 3:15 p.m. Eastern Time on March 20, 2025, and will be accessible live [2]. - Onity will also conduct virtual one-on-one meetings with investors on the same day, with free registration available [2][3]. - An investor presentation will be made available on the company's shareholder relations page prior to the event [3].

Core Insights - PHH Mortgage has achieved Fannie Mae's 2024 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition in the General Servicing category for the fourth consecutive year [1][2] Company Performance - PHH serviced or subserviced approximately 1.4 million loans with a total unpaid principal balance exceeding $300 billion as of December 31, 2024 [3] - The company manages loans on behalf of around 4,000 investors and 125 subservicing clients [3] Industry Position - PHH Mortgage is recognized as one of the largest non-bank mortgage servicers in the United States, providing a variety of servicing and lending programs [4] - The company has built a servicing platform that emphasizes operational performance, customer focus, and innovative technology solutions [2]