reports
Onity Group Announces Second Quarter 2025 Results
Onity Group Announces Second Quarter 2025 Results WEST PALM BEACH, Fla., Aug. 05, 2025 (GLOBE NEWSWIRE) -- (NYSE: ONIT) (“Onity” or the “Company”) today announced its second quarter 2025 results and provided a business update. Second Quarter 2025: Net income attributable to common stockholders of $20 million; diluted EPS of $2.40; ROE of 17%Adjusted pre-tax income* of $16 million, resulting in annualized adjusted ROE* of 14%Book value per share improved to $60 as of June 30, 2025, up $2.94 YoYOriginations volume of $9.4 billion, up 35% YoY, exceeding 23% industry growthAverage servicin...
Onity Group Schedules Conference Call – Second Quarter 2025 Results an...
Onity Group Schedules Conference Call – Second Quarter 2025 Results and Business Update WEST PALM BEACH, Fla., July 22, 2025 (GLOBE NEWSWIRE) -- (NYSE: ONIT) (“Onity” or the “Company”) today announced that it will hold a conference call on Tuesday, August 5, 2025 at 8:30 a.m. (ET) to review the Company’s second quarter 2025 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 245-3047 or (203) 518-9765 approximately 10 minutes prior to the call; please reference the conference ID “Onity.” ...
PHH Mortgage Receives Residential Servicing Ratings Upgrade from Fitch...
PHH Mortgage Receives Residential Servicing Ratings Upgrade from Fitch Ratings WEST PALM BEACH, Fla., June 04, 2025 (GLOBE NEWSWIRE) -- (“PHH” or the “Company”), a subsidiary of (NYSE: ONIT) and a leading non-bank mortgage servicer and originator, today announced that Fitch Ratings has upgraded its residential primary servicer ratings and indicated a Stable Rating Outlook. Fitch’s most recent ratings upgrades, which are generally considered Above Average, include: Prime product upgraded to ‘RPS2-’ from ‘RPS3+’Subprime product upgraded to ‘RPS2-’ from ‘RPS3+’Alt-A product upgraded to ‘...
Onity Group to Present at Upcoming Investor Conferences
Onity Group to Present at Upcoming Investor Conferences WEST PALM BEACH, Fla., May 05, 2025 (GLOBE NEWSWIRE) -- (NYSE: ONIT) (“Onity” or the “Company”) today announced that executive management will participate in two upcoming conferences in May 2025. Glen Messina, Chair, President and Chief Executive Officer, and Sean O’Neil, Executive Vice President and Chief Financial Officer, will meet with investors at the following conferences: BTIG 5th Annual Housing Ecosystem ConferenceDate: Wednesday, May 7, 2025For more information, please contact . Please note participants must be pre-regist...
Onity Group Announces First Quarter 2025 Results
Onity Group Announces First Quarter 2025 Results WEST PALM BEACH, Fla., April 30, 2025 (GLOBE NEWSWIRE) -- (NYSE: ONIT) (“Onity” or the “Company”) today announced its first quarter 2025 results and provided a business update. First Quarter 2025: Net income attributable to common stockholders of $21 million; diluted EPS of $2.50; ROE of 19%Adjusted pre-tax income* of $25 million, resulting in annualized adjusted ROE* of 22%Book value per share improved to $58 as of March 31, 2025, up $2.15 year-over-year$17 billion in total servicing additionsAverage servicing UPB of $305 billion, up $1...
Onity Group Schedules Conference Call – First Quarter 2025 Results and...
Onity Group Schedules Conference Call – First Quarter 2025 Results and Business Update WEST PALM BEACH, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- (NYSE: ONIT) (“Onity” or the “Company”) today announced that it will hold a conference call on Wednesday, April 30, 2025 at 8:30 a.m. (ET) to review the Company’s first quarter 2025 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 579-2543 or (785) 424-1789 approximately 10 minutes prior to the call; please reference the conference ID “Oni...
PHH Mortgage Launches Proprietary Reverse Mortgage Product
PHH Mortgage Launches Proprietary Reverse Mortgage Product WEST PALM BEACH, Fla., April 22, 2025 (GLOBE NEWSWIRE) -- (“PHH” or the “Company”), a subsidiary of (NYSE: ONIT) and a leading non-bank mortgage servicer and originator, today announced that the Company has launched a proprietary reverse mortgage product known as EquityIQ®. The product will be available through the Company’s wholesale network and marketed under PHH’s reverse mortgage product brand, Liberty Reverse Mortgage. “For more than two decades, we've leveraged our reverse mortgage expertise to help our partners a...
Onity Group to Present at Sidoti Virtual Investor Conference
Onity Group to Present at Sidoti Virtual Investor Conference WEST PALM BEACH, Fla., March 13, 2025 (GLOBE NEWSWIRE) -- (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 . Onity will also host virtual one-on-ones with investors on Wednesday, March ...
PHH Mortgage Receives 2024 Fannie Mae Star Performer Award for Servici...
PHH Mortgage Receives 2024 Fannie Mae Star Performer Award for Servicing Excellence Recognized for the fourth consecutive year WEST PALM BEACH, Fla., March 06, 2025 (GLOBE NEWSWIRE) -- (“PHH” or the “Company”), a subsidiary of (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 excell...
Onity Group Announces Full-Year and Fourth Quarter 2024 Results
Onity Group Announces Full-Year and Fourth Quarter 2024 Results WEST PALM BEACH, Fla., Feb. 13, 2025 (GLOBE NEWSWIRE) -- (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 improve...
Onity Group Schedules Conference Call – Fourth Quarter and Full-Year 2...
Onity Group Schedules Conference Call – Fourth Quarter and Full-Year 2024 Results WEST PALM BEACH, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) -- (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 a...
PHH Mortgage Enhances Proprietary Client Technology With AI Assistant
PHH Mortgage Enhances Proprietary Client Technology With AI Assistant AI assistant, known as LASI, now available to enhance the client experience in LoanSpan, PHH’s client analytics and reporting platform WEST PALM BEACH, Fla., Feb. 03, 2025 (GLOBE NEWSWIRE) -- (“PHH” or the “Company”), a subsidiary of (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 ea...
Onity Group Names Valerie Haertel Vice President of Investor Relations
Onity Group Names Valerie Haertel Vice President of Investor Relations WEST PALM BEACH, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) -- (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, financia...
Onity Group Announces Closing of $500 Million of Senior Notes Due 2029
Onity Group Announces Closing of $500 Million of Senior Notes Due 2029 Enhances Capital Structure to Support Continued Growth and Profitability 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 ...
Onity Group Announces Third Quarter 2024 Results
Onity Group Announces Third Quarter 2024 Results 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 NE...
Onity Group Schedules Conference Call – Third Quarter 2024 Results and...
Onity Group Schedules Conference Call – Third Quarter 2024 Results and Business Update WEST PALM BEACH, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- (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 ...
Onity Group Announces Pricing of $500 Million of Senior Notes Due 2029
Onity Group Announces Pricing of $500 Million of Senior Notes Due 2029 WEST PALM BEACH, Fla., Oct. 23, 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”), priced the previously announced offering of $500 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “Notes”). The price to investors will be 99.556% of the principal amount of the Notes. The issuance and sale of the Note...
Onity Group Announces Proposed Offering of $475 Million of Senior Note...
Onity Group Announces Proposed Offering of $475 Million of Senior Notes Due 2029 WEST PALM BEACH, Fla., Oct. 21, 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”), plans to offer $475 million aggregate principal amount of Senior Notes due 2029 (the “Notes”), subject to market and other conditions. The Notes will initially be issued by Escrow Issuer. The net proceeds from the sale of the Note...
Onity Group Announces Multiple Transactions to Accelerate Capital Rest...
Onity Group Announces Multiple Transactions to Accelerate Capital Restructuring WEST PALM BEACH, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- (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...
Onity Group Announces Second Quarter 2024 Results
Onity Group Announces Second Quarter 2024 Results 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) -- (NYSE: ONIT) (“Onity” or the “Company”...
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