WEST PALM BEACH, Fla., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) ("Onity" or the "Company") today announced its second quarter 2025 results and provided a business update. Funded recapture volume up 2.4x YoY; refinance recapture rate is 1.5x industry average based on ICE Mortgage Monitor report as of June 2025 Average owned servicing UPB of $153 billion, up 16% YoY Effective MSR hedge strategy resulting in minimal MSR fair value volatility in the quarter and continued alignment with op ...

Mr. Cooper Group (COOP 0.23%), a leader in mortgage servicing and a major originator, released its second-quarter 2025 earnings on July 23, 2025. The results revealed both earnings per share and revenue coming in below analyst estimates. Earnings per share (GAAP) stood at $3.04, below the $3.18 consensus, Revenue was $608 million, nearly 10% short of the $674.24 million expectation. Despite falling short on top-line and bottom-line GAAP targets, the quarter showcased continued growth in its core servicing b ...

Financial Performance - GAAP Net Income was $2839 million, or $053 per diluted share, with a 17% Return on Equity[15] - Earnings Available for Distribution (EAD) reached $2911 million, or $054 per diluted share, resulting in an 18% Return on Equity[15] - The company's book value stood at $67 billion, equivalent to $1271 per common share[15] - Cash and liquidity amounted to $21 billion, complemented by a common stock dividend with an 89% dividend yield, or $025 per common share[15] Business Highlights - Rithm Capital has approximately $80 billion in investable assets, including $36 billion in Assets Under Management (AUM) and $44 billion in balance sheet assets[9] - Newrez's total servicing portfolio reached $864 billion UPB, ranking it as the 3 US Mortgage Servicer and 4 US Mortgage Originator[12] - Genesis Capital's Q2'25 originations totaled $12 billion, representing a 49% year-over-year increase[30] - Sculptor Capital reported $36 billion of AUM, up $35 billion since acquisition close, with $17 billion of gross inflows in Q2[30] Strategic Initiatives - The company believes a strategy centered on earnings growth and an increased focus on fee-related earnings will lay a foundation for significant upside[17] - Rithm Property Trust has an active investment pipeline of over $2 billion[12] - The company's current valuation of 96% of book value understates the intrinsic value of Rithm's core segments[25]

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]