Onity Group

ONIT

Market cap $344M

I'm upgrading Onity to a buy, as I expect the servicing business to recover from stagnant growth in response to elevated interest rates. While the firm is an obvious beneficiary of high interest rates, the market seems to not appreciate the upside potential as the stock still trades at a discount to book value. To take advantage of this discounted valuation, management aims to use proceeds from asset sales to fund repurchases, protecting investors against further price drops.

Sells reverse mortgage assets and enters into subservicing agreement Net proceeds from the transaction of $70 to $80 million WEST PALM BEACH, Fla., July 01, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that its subsidiary, Onity Mortgage Corporation (“Onity Mortgage”), has completed the previously announced transaction with Finance of America Reverse LLC (“FAR”), effective June 30, 2026.

WEST PALM BEACH, Fla., June 10, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that Sean O'Neil, Executive Vice President and Chief Financial Officer of Onity Group, will present at the virtual Sidoti Small Cap Conference on June 17, 2026 and host investor meetings with Valerie Haertel, Vice President, Head of Investor Relations.

Receives regulatory approval for transaction with Finance of America Reverse Initiates share repurchase program for up to $20 million

Onity Group Inc. (ONIT) Q1 2026 Earnings Call Transcript

Double-digit year-over-year growth in revenue, origination volume, and total servicing UPB; Originations profitability partially offset higher MSR runoff Double-digit year-over-year growth in revenue, origination volume, and total servicing UPB; Originations profitability partially offset higher MSR runoff

WEST PALM BEACH, Fla., April 30, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) today announced that executive management will be attending the BTIG Housing and Real Estate Conference on May 6, 2026 at the St. Regis Hotel in New York.

WEST PALM BEACH, Fla., April 23, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that it will hold a conference call on Tuesday, May 5, 2026 at 8:30 a.m. (ET) to review the Company's first quarter 2026 operating results and provide a business update.

WEST PALM BEACH, Fla., March 23, 2026 (GLOBE NEWSWIRE) --  Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that its mortgage subsidiary has officially started operating under a new name, Onity Mortgage Corporation (“Onity Mortgage”), replacing its former name, PHH Mortgage Corporation (“PHH Mortgage”).

WEST PALM BEACH, Fla., March 12, 2026 (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 2025 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition in the General Servicing and Solution Delivery categories.