WEST PALM BEACH, Fla., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company") today announced its full-year and fourth quarter 2024 results and provided a business update. Full-Year 2024: Net income attributable to common stockholders of $33 million, highest since 2013; diluted EPS of $4.13; return on equity ("ROE") of 8%Adjusted pre-tax income* of $90 million, resulting in adjusted ROE* of 20%$86 billion in total servicing additions ($47 billion in subservicing additions)Book value per share improved $4 year-over-year to $56 as of December 31, 2024Reduced corporate debt by $145 million; debt-to-equity ratio of 2.96 to 1 Fourth Quarter 2024: N

WEST PALM BEACH, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company") today announced that it will hold a conference call on Thursday, February 13, 2025 at 8:30 a.m. (ET) to review the Company's fourth quarter and full-year 2024 operating results. All interested parties are welcome to participate. You can access the conference call by dialing (800) 274-8461 or (203) 518-9814 approximately 10 minutes prior to the call; please reference the conference ID "Onity." Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at onitygroup.com under Events and Presentations. An investor p

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, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its third quart

WEST PALM BEACH, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, November 5, 2024 at 8:30 a.m. (ET) to review the Company's third quarter 2024 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 343-5172 or (203) 518-9856 approximately 10 minutes prior to the call; please reference the conference ID "Onity." Participants can also access the conference call through a live audio webcast available from the Shareholder Relations pa

WEST PALM BEACH, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced multiple transactions to accelerate its ongoing capital restructuring plans. Oaktree Transactions On September 30, 2024, Onity entered into definitive agreements with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to amend the agreements between the Company and Oaktree to provide for the following: The Company will sell its 15% interest in MSR Asset Vehicle LLC ("MAV") to Oaktree for a cash payment equal to adjusted book value upon closing plus $15 million, subject to certain adjustments (th

Net income of $11 million and diluted earnings per share of $1.33; annualized return on equity of 10%Adjusted pre-tax income of $32 million, driven by servicing segment28% annualized adjusted pre-tax return on equity$19 billion in total servicing additions ($12 billion in subservicing additions)Debt-to-equity ratio of 3.88 to 1Entered into a letter of intent in July for the acquisition of reverse mortgage assets from Waterfall Asset Management WEST PALM BEACH, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its second quarter 2024 results and provided a business update. T

WEST PALM BEACH, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 1, 2024 at 8:30 a.m. (ET) to review the Company's second quarter 2024 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 343-4849 or (203) 518-9843 approximately 10 minutes prior to the call; please reference the conference ID "Onity." Participants can also access the conference call through a live audio webcast available from the Shareholder Relations pa

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4 - ONITY GROUP INC. (0000873860) (Issuer)

4 - ONITY GROUP INC. (0000873860) (Issuer)

4 - ONITY GROUP INC. (0000873860) (Issuer)

4 - ONITY GROUP INC. (0000873860) (Issuer)

4 - ONITY GROUP INC. (0000873860) (Issuer)

4 - ONITY GROUP INC. (0000873860) (Issuer)

4 - ONITY GROUP INC. (0000873860) (Issuer)

4 - ONITY GROUP INC. (0000873860) (Issuer)

4 - ONITY GROUP INC. (0000873860) (Issuer)

WEST PALM BEACH, Fla., March 13, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company") today announced that Glen Messina, Chair, President and Chief Executive Officer, and Sean O'Neil, Executive Vice President and Chief Financial Officer, will present and host at the Sidoti March Virtual Investor Conference, taking place on March 19-20, 2025. The presentation will begin at 3:15 p.m. Eastern Time on March 20, 2025, and can be accessed live here. Onity will also host virtual one-on-ones with investors on Wednesday, March 20, 2025. To register for the one-on-one meetings, visit www.sidoti.com/events. Registration is free and you do not need to be a Sidoti client.

WEST PALM BEACH, Fla., March 06, 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 the Company achieved Fannie Mae's 2024 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition in the General Servicing category. PHH has earned STAR Performer recognition for four consecutive years. "We are honored to be recognized again by Fannie Mae for excellence in mortgage servicing, and we want to thank our team for their hard work and dedication toward maintaining superior operational performance and creating positive outcomes for our customers," said Scot

WEST PALM BEACH, Fla., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company") today announced its full-year and fourth quarter 2024 results and provided a business update. Full-Year 2024: Net income attributable to common stockholders of $33 million, highest since 2013; diluted EPS of $4.13; return on equity ("ROE") of 8%Adjusted pre-tax income* of $90 million, resulting in adjusted ROE* of 20%$86 billion in total servicing additions ($47 billion in subservicing additions)Book value per share improved $4 year-over-year to $56 as of December 31, 2024Reduced corporate debt by $145 million; debt-to-equity ratio of 2.96 to 1 Fourth Quarter 2024: N

WEST PALM BEACH, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company") today announced that it will hold a conference call on Thursday, February 13, 2025 at 8:30 a.m. (ET) to review the Company's fourth quarter and full-year 2024 operating results. All interested parties are welcome to participate. You can access the conference call by dialing (800) 274-8461 or (203) 518-9814 approximately 10 minutes prior to the call; please reference the conference ID "Onity." Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at onitygroup.com under Events and Presentations. An investor p

WEST PALM BEACH, Fla., Feb. 03, 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 an AI assistant through its LoanSpan client reporting and analytics platform to enhance the client experience. LoanSpan's AI assistant ("LASI") is focused on making it easier for clients to access the vast amounts of data within the platform. LASI can quickly analyze text queries and provide personalized and accurate responses. LASI is currently available for PHH subservicing clients on LoanSpan.com. Key LASI features and benefits include: Ability

Collaboration to enhance borrower experience, streamline lender workflows, and improve conversion rates Blend Labs, Inc. (NYSE:BLND), a leading origination platform for digital banking solutions, today announced a partnership with PHH Mortgage, a subsidiary of Onity Group Inc. (NYSE:ONIT) and one of the largest servicers in the country, to bring a new level of efficiency and simplicity to PHH's home lending operations. By automating and eliminating many of the manual steps that delay approvals and timely closings, the implementation of Blend's Mortgage Suite is expected to enhance the borrowers' application experience, shorten loan cycle times, and free up loan officer capacity so they

WEST PALM BEACH, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that Valerie Haertel has joined the Company as Vice President, Investor Relations. Ms. Haertel will report to Sean O'Neil, Executive Vice President and Chief Financial Officer of Onity. Ms. Haertel is responsible for leading Onity's investor relations activities to accelerate investor outreach and to communicate the Company's business strategy, financial performance and investment thesis to the investment community. She also will be responsible for maintaining relationships with existing investors and analyst

WEST PALM BEACH, Fla., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it has completed the previously announced transaction with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to sell the Company's 15% interest in MSR Asset Vehicle LLC ("MAV") to Oaktree for total cash proceeds of $49.5 million. Onity's subsidiary, PHH Mortgage Corporation, will remain the exclusive subservicer of the existing MAV portfolio for an initial term of five years and will subservice the majority of new MSRs acquired by MAV. MAV also will be subject to certain restrictions on near-

WEST PALM BEACH, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity"), a leading non-bank mortgage servicer and originator, today announced that PHH Escrow Issuer LLC ("Escrow Issuer"), a wholly-owned special purpose subsidiary of PHH Corporation ("PHH"), closed the previously announced offering of $500 million aggregate principal amount of 9.875% Senior Notes due 2029 (the "Notes"). Glen A. Messina, Chair, President and CEO of Onity Group, said, "We have made significant progress in enhancing our capital structure through the successful completion of this debt issuance and other previously announced transactions. The strong level of investor interest, particular

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, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its third quart

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