Mergers & Acquisitions ·
On June 30, 2026, Onity Group Inc. and its subsidiary Onity Mortgage Corporation closed the sale of their reverse…
ONITOnity Group Inc.
On June 30, 2026, Onity Group Inc. and its subsidiary Onity Mortgage Corporation closed the sale of their reverse mortgage servicing portfolio and certain reverse originations assets to Finance of America Reverse LLC. The transaction included servicing rights for approximately 20,000 Ginnie Mae home equity conversion mortgage loans with an unpaid principal balance of $5.2 billion as of May 31, 2026, and the company's reverse mortgage loan pipeline. Onity also entered into a three-year subservicing arrangement with the buyer. Onity Group Inc. operates in the financial services industry, specializing in mortgage lending and servicing.