Core Viewpoint - Onity Group Inc. has appointed Aulene Wessel as Senior Vice President and Chief Accounting Officer, effective February 23, 2026, succeeding Francois Grunenwald [1][3]. Group 1: Leadership Changes - Aulene Wessel will oversee the controllership function, core accounting operations, internal controls, technical accounting, audits, and compliance with GAAP and other regulations [2]. - Sean O'Neil, the Chief Financial Officer, expressed confidence in Wessel's expertise in technical accounting and operational controllership, highlighting her collaborative leadership approach [3]. Group 2: Background of Aulene Wessel - Aulene Wessel previously served as Executive Vice President and Deputy Controller at Truist Bank and has held significant roles at SoFi Technologies and Silicon Valley Bank [4]. - Her career includes leadership positions at American Express and experience at Barclays in London and BDO in Cape Town [4]. - Wessel holds a Bachelor of Accounting degree from the University of Stellenbosch and a postgraduate degree in Accounting from the University of Natal, and she is a Chartered Global Management Accountant [4]. Group 3: Company Overview - Onity Group Inc. is a leading non-bank financial services company specializing in mortgage servicing and originations through its brands, PHH Mortgage and Liberty Reverse Mortgage [5]. - PHH Mortgage is one of the largest servicers in the U.S., while Liberty is a major reverse mortgage lender [5]. - The company is headquartered in West Palm Beach, Florida, and has been operational since 1988, with a presence in the U.S., U.S. Virgin Islands, India, and the Philippines [5].

Core Viewpoint - Ellington Financial Inc. has announced the federal income tax treatment information for distributions deemed paid in 2025 on its common and preferred stock, which is now available on the company's website [1]. Group 1: Tax Treatment Information - The company has posted information regarding the federal income tax treatment of distributions for its common and preferred stock on its website [1]. Group 2: Company Overview - Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, reverse mortgage loans, mortgage servicing rights, consumer loans, asset-backed securities, collateralized loan obligations, and various derivatives [2]. - The company is externally managed and advised by Ellington Financial Management LLC, which is an affiliate of Ellington Management Group, L.L.C. [2].

Core Insights - Onity Group Inc. reported exceptional performance in Q3 2025, with record originations and robust servicing earnings, driven by a multi-channel strategy and technological advancements [4][7]. Financial Performance - Net income attributable to common stockholders was $18 million, with diluted EPS of $2.03 and an ROE of 14% [7]. - Adjusted pre-tax income was $31 million, leading to an annualized adjusted ROE of 25% [7]. - Book value per share increased to $62, up $2.71 year-over-year [7]. - Originations volume reached $12 billion, a 39% increase year-over-year, surpassing the industry growth rate [7]. - Average servicing UPB rose to $312 billion, an increase of $7 billion year-over-year [7]. Business Highlights - Funded recapture volume increased 1.8 times year-over-year, with a year-to-date refinance recapture rate of 1.9 times the industry average [8]. - The company added 9 new subservicing clients year-to-date [8]. - Commercial servicing UPB grew by 32% year-over-year [8]. - Average owned servicing UPB was $159 billion, up 21% year-over-year [8]. - Total liquidity stood at $221 million as of September 30, 2025 [8]. Rithm Subservicing Agreements Update - Rithm Capital Corp. will not renew its subservicing agreements effective January 31, 2026, which represented approximately $33 billion, or 10%, of Onity's total servicing UPB as of September 30, 2025 [6]. - The company does not anticipate a material financial impact from this termination for the full year of 2026 [6]. - The Rithm portfolio was primarily composed of pre-2008 subprime loans and was one of the least profitable portfolios in Onity's servicing business [9]. Future Outlook - The company expects to exceed its adjusted ROE guidance for 2025, which is set between 16% and 18% [7]. - Onity plans to release a significant portion of a $180 million deferred tax asset valuation allowance by year-end 2025 [7].