Onity Group Inc. reported a net loss attributable to common stockholders of $13 million for the second quarter ended June 30, 2026, resulting in diluted EPS of ($1.53). The loss included $9 million in pre-tax costs related to a reverse asset sale and legacy subservicing transfer, alongside $24 million in unfavorable asset fair value changes. Adjusted pre-tax income was $14 million, yielding an annualized adjusted ROE of 9%. Total revenue reached $283 million, up 15% year-over-year, while servicing additions totaled $42 billion, including a quarterly record origination volume of over $15 billion. The company sold approximately 80% of its reverse MSRs for net proceeds of roughly $77 million and repurchased 141,343 shares for $5.8 million in the quarter. Onity Group Inc. operates as a leading non-bank financial services company delivering mortgage servicing and originations solutions.

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.