DeForest Soaries Will Not Stand for Re-election at 2026 Annual Meeting of ShareholdersWEST PALM BEACH, Fla., Oct. 06, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced the appointment of Robert S. Welborn to its Board of Directors (“Board”), effective October 1, 2025. “We are very pleased to welcome Robert to the Onity Board,” said Glen A. Messina, Chair, President and CEO of Onity. “Robert brings deep domain knowledge and extensive experience in driving busin ...

Core Viewpoint - Onity Group Inc. will hold a conference call on August 5, 2025, to discuss its second quarter 2025 operating results and provide a business update [1]. Group 1: Conference Call Details - The conference call is scheduled for August 5, 2025, at 8:30 a.m. (ET) [1]. - Interested parties can participate by dialing (800) 245-3047 or (203) 518-9765, referencing the conference ID "Onity" [2]. - A live audio webcast will also be available on the Shareholder Relations page of Onity's website [2]. Group 2: Investor Presentation and Replay - An investor presentation will accompany the conference call and will be available on the Shareholder Relations page prior to the call [3]. - A replay of the conference call will be accessible on the website approximately two hours after the call concludes [3]. - A telephonic replay will be available approximately three hours after the call's completion until August 19, 2025, by dialing (844) 512-2921 or (412) 317-6671, referencing access code 11159308 [3]. Group 3: Company Overview - Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage [4]. - PHH Mortgage is one of the largest servicers in the country, offering a variety of servicing and lending programs [4]. - Liberty is one of the nation's largest reverse mortgage lenders, focusing on loans that help customers meet personal and financial needs [4]. - The company is headquartered in West Palm Beach, Florida, with operations in the United States, U.S. Virgin Islands, India, and the Philippines, serving customers since 1988 [4].

Company Overview - Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage [3] - PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to consumers and business clients [3] - Liberty is one of the nation's largest reverse mortgage lenders dedicated to providing loans that help customers meet their personal and financial needs [3] - The company is headquartered in West Palm Beach, Florida, with operations in the United States, the U.S. Virgin Islands, India, and the Philippines, and has been serving customers since 1988 [3] Upcoming Conferences - Executive management will participate in two upcoming conferences in May 2025, including the BTIG 5 Annual Housing Ecosystem Conference on May 7, 2025 [1] - The KBW Real Estate Finance & Technology Conference is scheduled for May 20, 2025, and will be held virtually [2] - An investor presentation will be made available on the Events & Presentations section of the company's shareholder relations page prior to the meetings on May 7 and May 20, 2025 [2]

Core Insights - Onity Group Inc. reported strong first quarter 2025 results, highlighting growth in revenue, adjusted pre-tax income, adjusted ROE, and book value per share compared to the previous year [2][5][6] - The company anticipates continued growth driven by a balanced business strategy, customer focus, and an award-winning servicing platform, despite economic uncertainties and interest rate volatility [2][6] Financial Performance - Net income attributable to common stockholders was $21 million, with diluted EPS of $2.50 and ROE of 19% [5][23] - Adjusted pre-tax income was $25 million, resulting in an annualized adjusted ROE of 22% [5][20] - Book value per share increased to $58, up $2.15 year-over-year [5][20] - Total servicing additions reached $17 billion, with an average servicing UPB of $305 billion, up $13 billion year-over-year [5][6] Operational Highlights - Funded recapture volume increased 2.7 times year-over-year, with a refinance recapture rate 1.6 times the industry average [6] - Originations volume was $7 billion, a 53% increase year-over-year, surpassing the industry growth rate of 8% [6] - MSR additions (bulk purchases and originations) totaled $12 billion, more than doubling year-over-year [6] - The company launched enhanced high-margin products, including home equity and proprietary reverse mortgage loans [6] Liquidity and Financial Position - Total liquidity, comprising unrestricted cash and available credit, stood at $239 million as of March 31, 2025 [6] - The company confirmed its previous guidance for 2025, maintaining an adjusted ROE range of 16% to 18% [5][6] Balance Sheet Overview - Total assets amounted to $16.26 billion as of March 31, 2025, compared to $13.09 billion a year earlier [21][22] - Cash and cash equivalents were $178 million, while mortgage servicing rights (MSRs) at fair value were $2.55 billion [21][22] - Total liabilities were $15.75 billion, reflecting a significant increase from $12.66 billion year-over-year [21][22]

Core Viewpoint - Onity Group Inc. will hold a conference call on April 30, 2025, to discuss its first quarter 2025 operating results and provide a business update [1]. Group 1: Conference Call Details - The conference call is scheduled for April 30, 2025, at 8:30 a.m. (ET) [1]. - Interested parties can participate by dialing (800) 579-2543 or (785) 424-1789, referencing the conference ID "Onity" [2]. - A live audio webcast will also be available on the Shareholder Relations page of the company's website [2]. Group 2: Investor Presentation and Replay - An investor presentation will accompany the conference call and will be available on the Shareholder Relations page prior to the call [3]. - A replay of the conference call will be accessible on the website approximately two hours after the call concludes [3]. - A telephonic replay will be available approximately three hours after the call's completion until May 14, 2025, by dialing (844) 512-2921 or (412) 317-6671, using access code 11158988 [3]. Group 3: Company Overview - Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage [4]. - PHH Mortgage is one of the largest servicers in the country, offering a variety of servicing and lending programs [4]. - Liberty is one of the nation's largest reverse mortgage lenders, focusing on loans that help customers meet personal and financial needs [4]. - The company is headquartered in West Palm Beach, Florida, with operations in the U.S., U.S. Virgin Islands, India, and the Philippines, serving customers since 1988 [4].