ONIT.Y " Business Update Third Quarter 2024 November 5, 2024 © 2024 Onity Group Inc. All rights reserved. Disclaimer FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by a reference to a future period or by the use of forward-looking terminology. Forwardlooking statements are typicall ...

Onity Group (ONIT) came out with quarterly earnings of $4.33 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 170.63%. A quarter ago, it was expected that this mortgage servicer would post earnings of $1.37 per share when it actually produced earnings of $4.07, delivering a surprise of 197.08%.Over the last four quarters, the ...

[Preamble](index=1&type=section&id=Preamble) This section introduces the Registration Rights Agreement, outlining its parties, connection to the Asset Purchase Agreement, and purpose of registering Preferred Shares and associated rights - The Registration Rights Agreement, effective November 1, 2024, is established between Onity Group Inc., SHAP 2018-1, LLC, and Waterfall Funds[1](index=1&type=chunk) - The agreement is connected to an Amended and Restated Asset Purchase Agreement, under which Onity Group Inc. issued Series B Perpetual Preferred Stock (Preferred Shares) to SHAP (or its designees)[2](index=2&type=chunk) - The primary purpose of this agreement is to provide for the registration of these Preferred Shares and other associated rights for the benefit of the Holders[2](index=2&type=chunk) [ARTICLE I: DEFINITIONS](index=1&type=section&id=ARTICLE%20I) This article defines key capitalized terms used throughout the Registration Rights Agreement, ensuring consistent interpretation and clarity of its provisions [Section 1.01 Definitions](index=1&type=section&id=Section%201.01%20Definitions) This section provides a comprehensive list of capitalized terms and their specific meanings as used throughout the Registration Rights Agreement, ensuring clarity and consistent interpretation of the document's provisions - Affiliate: Any person that directly or indirectly controls, is controlled by, or is under common control with another person[3](index=3&type=chunk) - Preferred Shares: The total number of shares of Series B Perpetual Preferred Stock issued to SHAP (or its designees) pursuant to the Purchase Agreement[11](index=11&type=chunk) - Registrable Securities: The Preferred Shares and any ownership interest issued to Holders as a result of Section 3.04 of this Agreement[12](index=12&type=chunk) - Underwritten Offering: An offering where Registrable Securities are sold to one or more underwriters on a firm commitment basis for reoffering to the public or a 'bought deal' with investment banks[15](index=15&type=chunk) [Section 1.02 Registrable Securities](index=4&type=section&id=Section%201.02%20Registrable%20Securities) This section defines the conditions under which a Registrable Security will cease to be classified as such, primarily upon its sale under an effective registration statement or in compliance with Rule 144 of the Securities Act - A Registrable Security ceases to be such when it has been sold or disposed of pursuant to an effective registration statement[17](index=17&type=chunk) - A Registrable Security also ceases to be such when it has been sold or disposed of (excluding transfers to Affiliates) under Rule 144 (or similar provision) where all applicable conditions are met and the transferee receives non-'restricted securities'[17](index=17&type=chunk) [ARTICLE II: REGISTRATION RIGHTS](index=4&type=section&id=ARTICLE%20II) This article details the Company's obligations and Holders' rights concerning the registration, listing, and sale of Registrable Securities, including procedures for underwritten offerings and expense allocation [Section 2.01 Registration Rights](index=4&type=section&id=Section%202.01%20Registration%20Rights) This section outlines the Company's core obligations regarding the registration and listing of Registrable Securities, including the filing of a Shelf Registration Statement and efforts to list the Preferred Shares on the NYSE [Section 2.01(a) Shelf Registration](index=4&type=section&id=Section%202.01(a)%20Shelf%20Registration) This subsection details the Company's obligation to file and maintain a Shelf Registration Statement for the public resale of Registrable Securities, including provisions for allocation in case of limitations - The Company must file a Shelf Registration Statement (Form S-3 or S-1) for the public resale of all Registrable Securities[18](index=18&type=chunk) - The Company must use commercially reasonable efforts to cause the Registration Statement to become effective within **180 days** of the agreement date and remain effective throughout the Effectiveness Period[18](index=18&type=chunk)[20](index=20&type=chunk) - If the SEC limits the number of Registrable Securities that can be registered, the Company will register the maximum permitted, with pro rata allocation among Selling Holders[19](index=19&type=chunk) - In an Underwritten Offering, if the Managing Underwriter determines that including all Registrable Securities would adversely affect the offering, the number included will be reduced and allocated pro rata among Selling Holders[20](index=20&type=chunk) [Section 2.01(b) Listing Rights](index=5&type=section&id=Section%202.01(b)%20Listing%20Rights) This subsection obligates the Company to use commercially reasonable efforts to list the Preferred Shares on the NYSE within a specified timeframe, contingent on an effective Registration Statement and Holder cooperation - The Company will use commercially reasonable efforts to list the Preferred Shares on the NYSE within **45 days** of receiving a Listing Request, provided the Registration Statement is effective[21](index=21&type=chunk) - Selling Holders are required to furnish information necessary to satisfy NYSE Listing Requirements[21](index=21&type=chunk) [Section 2.02 Suspension Rights](index=6&type=section&id=Section%202.02%20Suspension%20Rights) The Company reserves the right to temporarily delay or suspend the filing, effectiveness, or use of a registration statement under specific circumstances, such as ongoing M&A activities or other material non-public events, provided these suspensions adhere to strict limitations on frequency and duration - The Company may delay or suspend a registration statement if pursuing an acquisition, merger, reorganization, or similar transaction where disclosure would be materially adverse[23](index=23&type=chunk) - Suspension is also permitted for other material non-public events where disclosure would materially adversely affect the Company[23](index=23&type=chunk) - Suspensions are limited to no more than **two occasions**, **90 calendar days** per instance, and an aggregate of **120 calendar days** within any rolling twelve-month period[23](index=23&type=chunk) - The Company must provide prompt notice to Selling Holders upon suspension and termination of the suspension[23](index=23&type=chunk) [Section 2.03 Underwritten Offerings](index=6&type=section&id=Section%202.03%20Underwritten%20Offerings) This section details the process for Holders to request an Underwritten Offering, including minimum proceeds, participation rules, underwriter selection, and the obligations of Selling Holders, particularly concerning potential liability for Shared Registration Expenses upon withdrawal - Electing Holders can request an Underwritten Offering if the expected gross proceeds are at least **$10.0 million**[24](index=24&type=chunk) - Each Holder, together with its Affiliates, has the right to require the Company to effect not more than **two Underwritten Offerings**[24](index=24&type=chunk) - Holders of a majority of the Registrable Securities being sold in an Underwritten Offering are entitled to select the Managing Underwriter, subject to the Company's consent (which shall not be unreasonably withheld)[24](index=24&type=chunk) - Selling Holders who withdraw from an Underwritten Offering after its public announcement ('Launch') may be liable for Shared Registration Expenses if all Selling Holders withdraw prior to pricing (unless due to a Company suspension event)[24](index=24&type=chunk)[25](index=25&type=chunk) [Section 2.04 Sale Procedures](index=6&type=section&id=Section%202.04%20Sale%20Procedures) This section outlines the Company's extensive obligations to facilitate the sale of Registrable Securities, including maintaining effective registration statements, providing necessary documentation, ensuring compliance with securities laws, and cooperating with marketing efforts. It also specifies the responsibilities of Selling Holders to discontinue sales upon notice of material issues - The Company must use reasonable best efforts to keep the Registration Statement effective for the Effectiveness Period and comply with Securities Act provisions[25](index=25&type=chunk) - The Company must furnish Selling Holders with drafts of registration documents for review and correction of Holder-specific information[25](index=25&type=chunk) - The Company is required to register or qualify Registrable Securities under applicable 'blue sky' laws as reasonably requested by Selling Holders or underwriters, with certain limitations[26](index=26&type=chunk) - The Company must promptly notify Selling Holders of SEC filings, comments, stop orders, or any material misstatements/omissions in the prospectus, and take corrective action[26](index=26&type=chunk) - For Underwritten Offerings, the Company must furnish customary legal opinions and 'comfort' letters from independent public accountants[26](index=26&type=chunk) - The Company must make appropriate officers available for 'road show' presentations and other customary marketing activities, with limitations on in-person participation[28](index=28&type=chunk) - The Company cannot name a Holder as an underwriter in any Registration Statement without that Holder's consent; if consent is withheld, the Holder's Registrable Securities will be excluded[31](index=31&type=chunk) - Selling Holders must discontinue offers and sales of Registrable Securities upon receiving notice from the Company of material misstatements or omissions until a corrected prospectus is provided[32](index=32&type=chunk) [Section 2.05 Cooperation by Holders](index=11&type=section&id=Section%202.05%20Cooperation%20by%20Holders) This section stipulates that Holders must cooperate by providing necessary information to the Company to ensure compliance with the Securities Act for registration statements and prospectus supplements; failure to do so may result in their Registrable Securities not being included in an offering - Holders must timely furnish information reasonably required by the Company to ensure compliance with the Securities Act for registration statements or prospectus supplements[33](index=33&type=chunk) - Failure to provide such information may result in the Company having no obligation to include the Holder's Registrable Securities in a Registration Statement or Underwritten Offering[33](index=33&type=chunk) [Section 2.06 Restrictions on Public Sale by Holders of Registrable Securities](index=11&type=section&id=Section%202.06%20Restrictions%20on%20Public%20Sale%20by%20Holders%20of%20Registrable%20Securities) Holders participating in an Underwritten Offering are required to enter into customary lock-up agreements with underwriters, restricting their public sale or distribution of Registrable Securities for a specified period, typically 60 days, with exceptions for securities included in the offering - Each Holder participating in an Underwritten Offering must enter into a customary lock-up agreement with underwriters[34](index=34&type=chunk) - The lock-up period restricts public sale or distribution of Registrable Securities for **60 calendar days** (or a shorter period specified by the Managing Underwriter), matching the shortest restriction imposed on the Company or its affiliates[34](index=34&type=chunk) - These restrictions do not apply to Registrable Securities that are included in the Underwritten Offering by such Holder[34](index=34&type=chunk) [Section 2.07 Expenses](index=12&type=section&id=Section%202.07%20Expenses) This section details the allocation of expenses related to registration, distinguishing between general registration expenses, shared expenses for Underwritten Offerings, and selling expenses, and outlining the responsibilities of the Company and Selling Holders for each [Section 2.07(a) Expenses](index=12&type=section&id=Section%202.07(a)%20Expenses) This subsection specifies that the Company bears all Registration Expenses, while Shared Registration Expenses are split equally, and Selling Holders cover their pro rata share of Selling Expenses - The Company is solely responsible for all Registration Expenses, excluding Shared Registration Expenses and Selling Expenses[36](index=36&type=chunk) - Shared Registration Expenses are borne **one-half by the Company** and **one-half by the Selling Holders** (pro rata based on Registrable Securities offered)[36](index=36&type=chunk) - Each Selling Holder pays its pro rata share of all Selling Expenses[36](index=36&type=chunk) - The Company is not responsible for legal fees incurred by Holders in connection with exercising their rights under the agreement[36](index=36&type=chunk) [Section 2.07(b) Certain Definitions](index=12&type=section&id=Section%202.07(b)%20Certain%20Definitions) This subsection defines key expense categories: Registration Expenses (Company's responsibility), Shared Registration Expenses (split), and Selling Expenses (Holder's responsibility) - Registration Expenses include all fees for registration, filing, NYSE, FINRA, transfer agents, printing, and Company counsel/accountant fees, but exclude Selling Expenses and Shared Registration Expenses[37](index=37&type=chunk) - Shared Registration Expenses cover expenses of an Underwritten Offering or Alternative Transaction, special audits, 'comfort' letters, and fees/disbursements of counsel for the Selling Holders[37](index=37&type=chunk) - Selling Expenses are defined as all underwriting discounts and selling commissions or similar fees, and fees/disbursements of counsel to the Selling Holders[37](index=37&type=chunk) [Section 2.08 Indemnification](index=12&type=section&id=Section%202.08%20Indemnification) This section establishes mutual indemnification obligations between the Company and Selling Holders regarding registration statements, outlining the scope of indemnification, liability limitations, notice procedures, and contribution provisions in cases where indemnification is unavailable [Section 2.08(a) By the Company](index=12&type=section&id=Section%202.08(a)%20By%20the%20Company) This subsection outlines the Company's obligation to indemnify Selling Holder Indemnified Persons against Losses arising from material misstatements or omissions in registration documents, with an exception for Holder-furnished information - The Company indemnifies Selling Holder Indemnified Persons against Losses (including reasonable attorneys' fees) arising from untrue statements or omissions of material fact in registration statements, prospectuses, or related documents[38](index=38&type=chunk) - The Company is not liable if such Losses arise from information furnished by the Selling Holder Indemnified Person specifically for use in the registration documents[38](index=38&type=chunk) [Section 2.08(b) By Each Selling Holder](index=13&type=section&id=Section%202.08(b)%20By%20Each%20Selling%20Holder) This subsection details each Selling Holder's individual indemnification obligation to the Company for Losses arising from information they furnished, with liability capped at their net proceeds from the sale of Registrable Securities - Each Selling Holder severally (not jointly) indemnifies the Company and its affiliates against Losses to the same extent as the Company's indemnity, but only for information furnished by that Selling Holder for inclusion in registration documents[40](index=40&type=chunk) - The liability of each Selling Holder for indemnification is capped at the dollar amount of net proceeds received by that Selling Holder from the sale of Registrable Securities giving rise to such indemnification[40](index=40&type=chunk) [Section 2.08(c) Notice](index=13&type=section&id=Section%202.08(c)%20Notice) This subsection outlines the procedures for providing notice of indemnification claims, allowing the indemnifying party to assume defense, and restricting settlement without the indemnified party's consent - An indemnified party must promptly notify the indemnifying party of any action for which a claim is to be made[41](index=41&type=chunk) - The indemnifying party has the right to participate in and assume the defense with counsel, limiting the indemnified party's legal expenses, unless conflicts of interest necessitate separate counsel[41](index=41&type=chunk) - No indemnifying party shall settle an action without the indemnified party's consent, unless the settlement imposes no liability or obligation on the indemnified party and includes a complete release[41](index=41&type=chunk) [Section 2.08(d) Contribution](index=13&type=section&id=Section%202.08(d)%20Contribution) This subsection specifies that if indemnification is unavailable, parties will contribute to Losses based on relative fault and equitable considerations, with a Selling Holder's contribution capped at their net proceeds - If indemnification is unavailable or insufficient, parties shall contribute to Losses based on their relative fault and other equitable considerations, not pro rata[42](index=42&type=chunk) - A Selling Holder's contribution is capped at the net proceeds received from the sale of Registrable Securities giving rise to the indemnification[42](index=42&type=chunk) [Section 2.08(e) Other Indemnification](index=14&type=section&id=Section%202.08(e)%20Other%20Indemnification) This subsection clarifies that the indemnification provisions herein are supplementary to any other indemnification or contribution rights available to an indemnified party - The indemnification provisions in this section are in addition to any other rights to indemnification or contribution available to an indemnified party under law, equity, or contract[44](index=44&type=chunk) [Section 2.09 Rule 144 Reporting](index=14&type=section&id=Section%202.09%20Rule%20144%20Reporting) The Company commits to maintaining public information and filing timely SEC reports to enable Holders to sell Registrable Securities under Rule 144 without registration, and will furnish necessary statements and reports upon request - The Company agrees to make and keep public information available as defined in Rule 144 under the Securities Act[45](index=45&type=chunk) - The Company will file all required reports and documents under the Securities Act and the Exchange Act in a timely manner[45](index=45&type=chunk) - Upon request, the Company will furnish statements of compliance with Rule 144 reporting requirements, copies of recent reports, and other information necessary for Holders to sell securities under Rule 144[45](index=45&type=chunk) [Section 2.10 Transfer or Assignment of Registration Rights](index=14&type=section&id=Section%202.10%20Transfer%20or%20Assignment%20of%20Registration%20Rights) Holders are permitted to transfer or assign their registration rights to Affiliates, provided they give written notice to the Company and the transferee or assignee formally assumes the Holder's obligations under the agreement - Holders may transfer or assign their registration rights to one or more Affiliates[46](index=46&type=chunk) - Conditions for transfer include providing written notice to the Company, stating the transferee's name and address and identifying the Registrable Securities[46](index=46&type=chunk) - The transferee or assignee must assume in writing responsibility for its portion of the Holder's obligations under this Agreement[46](index=46&type=chunk) [ARTICLE III: MISCELLANEOUS](index=14&type=section&id=ARTICLE%20III) This article covers general contractual provisions including communications, successors, recapitalization effects, aggregation of securities, specific performance, governing law, and amendment procedures [Section 3.01 Communications](index=14&type=section&id=Section%203.01%20Communications) This section specifies the acceptable methods and designated addresses for all official notices and communications between the Company, SHAP, Waterfall Funds, and any transferees, ensuring proper delivery and acknowledgment - All notices and communications must be in writing and can be made by facsimile, electronic mail, courier service, or personal delivery[48](index=48&type=chunk) - Specific contact information, including addresses and email, is provided for the Waterfall Funds, SHAP, and Onity Group Inc[48](index=48&type=chunk)[50](index=50&type=chunk) - Notices are deemed received upon personal delivery, acknowledgment of receipt for facsimile or email, or actual receipt for courier service[50](index=50&type=chunk) [Section 3.02 Successor and Assigns](index=16&type=section&id=Section%203.02%20Successor%20and%20Assigns) This section states that the agreement is binding upon and inures to the benefit of the successors and permitted assigns of all parties, including subsequent Holders of Registrable Securities - The Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties[51](index=51&type=chunk) - This includes subsequent Holders of Registrable Securities to the extent permitted herein[51](index=51&type=chunk) [Section 3.03 Assignment of Rights](index=16&type=section&id=Section%203.03%20Assignment%20of%20Rights) This section clarifies that any transfer or assignment of a Holder's rights and obligations under this Agreement must strictly adhere to the procedures outlined in Section 2.10 - All or any portion of the rights and obligations of any Holder under this Agreement may be transferred or assigned only in accordance with Section 2.10[51](index=51&type=chunk) [Section 3.04 Recapitalization, Exchanges, Etc. Affecting the Registrable Securities](index=16&type=section&id=Section%203.04%20Recapitalization%2C%20Exchanges%2C%20Etc.%20Affecting%20the%20Registrable%20Securities) This section ensures the agreement's provisions apply to new securities replacing Registrable Securities, adjusted for corporate actions - The provisions of this Agreement apply to any securities of the Company or its successor issued in respect of, in exchange for, or in substitution of the Registrable Securities[53](index=53&type=chunk) - The provisions will be appropriately adjusted for corporate actions such as combinations, share splits, recapitalizations, and pro rata distributions occurring after the agreement date[53](index=53&type=chunk) [Section 3.05 Aggregation of Registrable Securities](index=16&type=section&id=Section%203.05%20Aggregation%20of%20Registrable%20Securities) This section mandates that all Registrable Securities held or acquired by persons who are Affiliates of one another must be aggregated when determining the availability of rights and applicability of obligations under this Agreement - All Registrable Securities held or acquired by Affiliates of one another shall be aggregated together[54](index=54&type=chunk) - This aggregation is for the purpose of determining the availability of any rights and applicability of any obligations under this Agreement[54](index=54&type=chunk) [Section 3.06 Specific Performance](index=17&type=section&id=Section%203.06%20Specific%20Performance) Recognizing the difficulty in ascertaining damages for a breach, this section grants each party the right to seek injunctive or other equitable relief to enforce the agreement's terms, with parties waiving defenses related to court jurisdiction - Damages for breach of this Agreement may be difficult to ascertain, so parties have the right to an injunction or other equitable relief[56](index=56&type=chunk) - Each party waives any defenses based on lack of jurisdiction or competence of the court to grant such equitable relief[56](index=56&type=chunk) [Section 3.07 Counterparts](index=17&type=section&id=Section%203.07%20Counterparts) This section states that the agreement may be executed in multiple counterparts, including electronic formats like facsimile or PDF, with each counterpart considered an original, and all together constituting a single agreement - This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, including facsimile or .pdf[57](index=57&type=chunk) - Each executed and delivered counterpart shall be deemed an original, and all counterparts together shall constitute one and the same Agreement[57](index=57&type=chunk) [Section 3.08 Headings](index=17&type=section&id=Section%203.08%20Headings) This section clarifies that the headings used in the agreement are solely for convenience of reference and should not be interpreted as limiting or affecting the meaning of the agreement's provisions - The headings in this Agreement are for convenience of reference only[58](index=58&type=chunk) - They shall not limit or otherwise affect the meaning of the Agreement[58](index=58&type=chunk) [Section 3.09 Governing Law](index=17&type=section&id=Section%203.09%20Governing%20Law) This section explicitly states that the agreement, including all issues concerning its application, construction, validity, interpretation, and enforcement, shall be governed by and construed in accordance with the laws of the State of New York - This Agreement shall be construed in accordance with, and governed by, the laws of the State of New York[58](index=58&type=chunk) - This includes all issues and questions concerning its application, construction, validity, interpretation, and enforcement[58](index=58&type=chunk) [Section 3.10 Severability of Provisions](index=17&type=section&id=Section%203.10%20Severability%20of%20Provisions) This section ensures that if any provision of the agreement is found to be prohibited or unenforceable in a particular jurisdiction, it will be ineffective only to that specific extent and in that jurisdiction, without invalidating the remaining provisions or affecting its enforceability elsewhere - Any provision prohibited or unenforceable in a jurisdiction shall be ineffective only to the extent of such prohibition or unenforceability within that jurisdiction[59](index=59&type=chunk) - This does not invalidate the remaining provisions of the Agreement or affect the validity or enforceability of such provision in any other jurisdiction[59](index=59&type=chunk) [Section 3.11 Entire Agreement](index=17&type=section&id=Section%203.11%20Entire%20Agreement) This section declares that the agreement represents the final, complete, and exclusive statement of the parties' understanding regarding its subject matter, superseding all prior agreements and understandings between them - This Agreement is intended as a final, complete, and exclusive statement of the agreement and understanding of the parties regarding the subject matter[60](index=60&type=chunk) - It supersedes all prior agreements and understandings between the parties with respect to such subject matter[60](index=60&type=chunk) [Section 3.12 Amendment](index=17&type=section&id=Section%203.12%20Amendment) This section specifies that the agreement can only be amended through a written document signed by the Company and Holders representing a majority of the outstanding Registrable Securities, with the crucial proviso that no amendment can materially and adversely affect any Holder's rights without their individual consent - This Agreement may be amended only by a written amendment signed by the Company and Holders holding a majority of the then outstanding Registrable Securities[61](index=61&type=chunk) - No amendment shall materially and adversely affect the rights of any Holder without the consent of such Holder[61](index=61&type=chunk) [Section 3.13 No Presumption](index=18&type=section&id=Section%203.13%20No%20Presumption) This section establishes that in the event of any claim regarding conflict, omission, or ambiguity in the agreement, no presumption or burden of proof will be implied based on which party or its counsel prepared the document - If any claim is made relating to a conflict, omission, or ambiguity in this Agreement, no presumption or burden of proof shall be implied by virtue of the fact that it was prepared by a particular party or its counsel[63](index=63&type=chunk) [Section 3.14 Interpretation](index=18&type=section&id=Section%203.14%20Interpretation) This section provides general rules for interpreting the agreement, including how references to articles, sections, and other documents should be understood, the meaning of terms like 'include,' and that Holder determinations are typically at their sole discretion - Article and Section references are to this Agreement unless otherwise specified[64](index=64&type=chunk) - The words 'include,' 'includes,' and 'including' are deemed to be followed by 'without limitation'[64](index=64&type=chunk) - Any determination, consent, or approval by a Holder under this Agreement shall be in such Holder's sole discretion unless otherwise specified[64](index=64&type=chunk) - Unless expressly qualified, all references to a 'day' refer to a calendar day[64](index=64&type=chunk) [Section 3.15 Counterparts](index=18&type=section&id=Section%203.15%20Counterparts) This section reiterates that the agreement can be executed in two or more counterparts, including electronic methods, with each being considered an original and all together forming one single instrument - This Agreement may be executed in two or more counterparts, each deemed an original[65](index=65&type=chunk) - Counterparts may be delivered via electronic mail (including pdf or any electronic signature) and shall be deemed duly and validly delivered[65](index=65&type=chunk) - All counterparts together shall constitute one and the same instrument[65](index=65&type=chunk)

Net income of $21 million and diluted EPS of $2.65; return on equity of 19%Adjusted pre-tax income of $35 million, resulting in adjusted pre-tax return on equity of 31%Executed several transactions to facilitate corporate debt refinancing, resulting in a debt-to-equity ratio of 2.9x as of September 30, 2024, compared to 3.9x in fourth quarter 2023$18 billion in total servicing additions ($8 billion in subservicing additions)Book value per share improved to $59.50 as of September 30, 2024 WEST PALM BEACH, Fl ...