Onity Group Inc

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Onity Group, Inc. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing, and asset management services. The Lending segment is involved in originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment includes revenues and expenses that are not directly related to other reportable segments. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.

Blend Labs

SAN FRANCISCO--(BUSINESS WIRE)--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 e.

PHH Mortgage Partners with Blend to Revolutionize Home Lending Operations

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.

Onity Group Names Valerie Haertel Vice President of Investor Relations

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 Group Announces Closing of MSR Asset Vehicle Sale to Oaktree

Onity (ONIT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Despite Fast-paced Momentum, Onity (ONIT) Is Still a Bargain Stock

PennyMac Financial Services

LendingTree

PennyMac Financial, Lending Tree and Onity Group have been highlighted in this Screen of The Week article.

Zacks Industry Outlook PennyMac Financial, Lending Tree and Onity Group

Declining mortgage rates and interest rate cuts paint a favorable picture for the Zacks Mortgage & Related Services industry. Industry players like PFSI, TREE and ONIT are poised to flourish.

3 Stocks to Buy From Prospering Mortgage & Related Services Industry

Enhances Capital Structure to Support Continued Growth and Profitability Enhances Capital Structure to Support Continued Growth and Profitability

Onity Group Announces Closing of $500 Million of Senior Notes Due 2029

Onity Group Inc. (NYSE:ONIT ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Dico Akseraylian - Senior Vice President, Corporate Communications Glen Messina - Chairman, President & Chief Executive Officer Sean O'Neil - Chief Financial Officer Conference Call Participants Bose George - KBW Derek Sommers - Jefferies Eric Hagen - BTIG Matthew Howlett - B. Riley Operator Good day, everyone and welcome to this Onity Group's Third Quarter Earnings and Business Update Conference Call.

Onity Group Inc. (ONIT) Q3 2024 Earnings Call Transcript

Onity Group (ONIT) came out with quarterly earnings of $4.33 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.24 per share a year ago.

Onity Group (ONIT) Q3 Earnings and Revenues Top Estimates

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 quarter 2024 results and provided a business update.

Onity Group Announces Third Quarter 2024 Results

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.

Onity Group Schedules Conference Call – Third Quarter 2024 Results and Business Update

Onity (ONIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Onity Group (ONIT) to Report Q3 Results: Wall Street Expects Earnings Growth

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 Notes is expected to close on November 6, 2024, subject to customary closing conditions.

Onity Group Announces Pricing of $500 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.

Onity Group Announces Proposed Offering of $475 Million of Senior Notes Due 2029

Onity (ONIT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Onity (ONIT) Is Attractively Priced Despite Fast-paced Momentum

Onity (ONIT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Onity (ONIT) Surges 19.7%: Is This an Indication of Further Gains?

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.

Onity Group Announces Multiple Transactions to Accelerate Capital Restructuring

Velocity Financial

Investors can consider buying stocks like VEL, ONIT and PFSI with the decline in mortgage rates and an increase in refinancing activities.

Lower Mortgage Rates Driving Refinancing Activities: Three Stocks to Buy

Onity (ONIT) Shows Fast-paced Momentum But Is Still a Bargain Stock

With the federal funds' interest rate expected to be cut by at least 0.25% in September, investors may want to consider several consumer loan stocks that may benefit.

Top Consumer Loan Stocks to Benefit from Rate Cuts

Declining mortgage rates, improving purchase originations and expected interest rate cuts paint a favorable picture for the Zacks Mortgage & Related Services industry. Hence, industry players like VEL and ONIT are poised to flourish.

2 Stocks to Buy in the Thriving Mortgage & Related Services Industry

Ready Capital Corp

NEW YORK , Aug. 13, 2024 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser with a focus on specialized asset oriented markets, announced today that it has entered into a letter of intent with Onity Group Inc. (NYSE: ONIT)("Onity"), a leading non-bank mortgage servicer and originator that Waterfall has long partnered with on reverse mortgage servicing, under which Onity will acquire reverse mortgage assets from Mortgage Assets Management, LLC ("MAM"), a subsidiary of investment funds managed by Waterfall. "This transaction is an exciting development for Waterfall, showcasing our commitment to growing our reverse mortgage initiatives through partnerships with top firms like Onity," said Leo Wong, Partner at Waterfall.

Waterfall Asset Management Expands Partnership with Onity Through Transfer of Reverse Mortgage Assets

Onity Group Inc. (NYSE:ONIT ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Dico Akseraylian - SVP, Corporate Communications Glen Messina - Chair and CEO Sean O'Neil - CFO Conference Call Participants Bose George - KBW Derek Sommers - Jefferies Eric Hagen - BTIG Operator Good day everyone and welcome to this Onity Group's Second Quarter Earnings and Business Update Conference Call. At this time all participants are in a listen-only mode but later you will have the opportunity to ask questions during the question-and-answer session.

Onity Group Inc. (ONIT) Q2 2024 Earnings Call Transcript

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.

Onity Group Announces Second Quarter 2024 Results

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.

News for Onity Group Inc Stock (ONIT)