ONIT
Onity Group Inc.44.55
-0.34-0.76%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
359.02MP/E (TTM)
13.46Basic EPS (TTM)
3.31Dividend Yield
0%Recent Filings
8-K
8-K
8-K
Rithm subservicing ends 2026
Onity Group disclosed the termination of subservicing agreements with Rithm Capital, effective January 31, 2026, covering $33 billion UPB—10% of its total portfolio and 55% of delinquent loans—as of September 30, 2025. This run-off book of pre-2008 subprime loans was among the least profitable, yet the exit prompts a restructuring obligation. Onity expects no material 2026 financial hit, planning to swap it for higher-margin consumer and commercial deals. Transfer risks hinge on uncertain consents for $8.5 billion UPB.
10-Q
Q3 FY2025 results
Onity Group Inc. reported steady Q3 FY2025 results, with total revenue climbing 14% quarter-over-quarter to $280.3 million, fueled by a 3% rise in servicing and subservicing fees to $217.5 million on a 1.5% higher average UPB of $311.5 billion (derived) and a near-doubling of gain on loans held for sale to $34.1 million, reflecting 23% stronger funded volumes at 0.44% margins (derived). Yet MSR valuation adjustments widened to a $45.0 million loss from $27.3 million, driven by $48.8 million runoff on portfolio growth and a $6.8 million fair value dip from rate shifts, partially offset by $10.6 million hedging gains at 85% coverage. Operating expenses edged up 15% to $125.8 million amid legal accruals, while net interest expense held at $45.3 million on stable variable rates. Cash stood at $172.8 million with $48.5 million borrowing capacity for $221 million liquidity; debt totaled $15.6 billion, including $9.9 billion HMBS borrowings. Rithm's non-renewal of $33 billion subservicing effective January 2026 poses transfer risks.
8-K
Onity Q2 profits rise sharply
Onity Group Inc. reported Q2 2025 net income of $20 million to common stockholders, with diluted EPS at $2.40 and ROE of 17%, while adjusted pre-tax income hit $16 million for an annualized adjusted ROE of 14%. Originations surged 35% year-over-year to $9.4 billion, outpacing industry growth, and book value per share climbed to $60, up $2.94 annually. Strong recaptures and MSR hedging minimized volatility. Yet, legal settlements weighed on results. The company reaffirmed 16-18% adjusted ROE guidance for 2025.
IPO
Website
Employees
Sector
Industry
BETR
Better Home & Finance Holding C
38.88-0.74
COOP
Mr. Cooper Group Inc.
210.79+0.00
FNMA
Fannie Mae
10.85+0.11
GHLD
Guild Holdings Company
20.01+0.14
LDI
loanDepot, Inc.
2.40-0.06
ONB
Old National Bancorp
22.89-0.10
PFSI
PennyMac Financial Services, In
130.44-0.04
SACH
Sachem Capital Corp.
1.02-0.06
SUNS
Sunrise Realty Trust, Inc.
10.35+0.17
UWMC
UWM Holdings Corporation
5.12-0.15