Onity Group Inc. (ONIT)

Several events have impacted Onity Group Inc.'s stock price over the past six months. Onity Group announced its second-quarter 2025 results, reporting a net income of $20 million and diluted EPS of $2.40. Mortgage rates fluctuated due to news regarding inflation and the labor market. Onity Group announced its third-quarter 2025 results. Onity Group announced a strategic relationship with Finance of America Reverse, involving PHH Mortgage selling reverse mortgage assets and entering into a subservicing agreement. Onity Group presented at investor conferences. Onity Group announced the appointment of new independent directors to its Board. KBW maintained a "Buy" rating and a target price of $60 for Onity Group.

The demand seasonality for Onity Group Inc.'s products and services is generally influenced by broader housing market trends and interest rate environments. Mortgage origination volumes can be seasonal, often seeing increased activity in the spring and summer months. Servicing provides recurring revenue and is indirectly affected by market conditions. The servicing segment provides a more stable revenue stream.

Onity Group Inc., formerly Ocwen Financial Corporation, specializes in mortgage loan servicing and origination for residential properties. The company operates through its subsidiary, PHH Mortgage Corporation, and its Liberty Reverse Mortgage brand. Onity Group originates and services forward and reverse mortgage loans, offering residential and commercial mortgage loan servicing, special servicing, and asset management services. The company originates and purchases conventional, government-insured, and non-agency mortgage loans through various channels. Additional services are offered through PHH Mortgage Corporation, including accidental death insurance, flood insurance, and identity fraud protection.

Onity Group Inc. is headquartered in West Palm Beach, Florida, and has operations in the United States, the U.S. Virgin Islands, India, and the Philippines. Support operations in India and the Philippines provide internal support for loan servicing and corporate functions. Onity is licensed to service mortgage loans in all 50 U.S. states, the District of Columbia, and two U.S. territories.

Onity Group rebranded from Ocwen Financial Corporation in June 2024 to signify its transformation and growth. The company has been recognized by Fannie Mae, Freddie Mac, and HUD for its servicing performance. Fitch Ratings upgraded all of the company's residential primary servicer ratings and affirmed its commercial small balance servicer ratings in Q2 2025. The company has consistently reported strong financial results. Onity's track record of accretive acquisitions and strategic relationships demonstrates its ability to adapt and grow. The company has acknowledged lawsuits concerning convenience fees paid by customers for phone or online payments.

Onity Group Inc. has a significant number of institutional owners and shareholders. Major institutional owners include Long Focus Capital Management, Llc, BlackRock, Inc., and Dimensional Fund Advisors Lp. Major individual owners include William C. Erbey, Leon G. Cooperman, and Barry N. Wish.