PRESS-RELEASE ·Filed Jun 2, 2026
Press release · Buyback
Actionable Insight ▲ Bullish
Monitor for closing announcement and any guidance updates on use of proceeds.
Final — all horizons settled through T+60d ⚠ clustered
ONIT ▼ -5.61% at T+60d
LONG call ✗ call lost -5.61% · α vs SPY -6.72% · entry $36.57 → $34.52
T+1d
-2.79%
call -2.79% · α -2.10%
$35.55
settled 5mo ago
T+5d
+0.44%
call +0.44% · α +3.40%
$36.73
settled 5mo ago
T+20d
+10.20%
call +10.20% · α +11.76%
$40.30
settled 4mo ago
T+60d
-5.61%
call -5.61% · α -6.72%
$34.52
settled 2mo ago
Price Chart
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Executive Summary
Onity Group received regulatory approval to sell its reverse mortgage servicing portfolio (approx. 20,000 loans, $5.1B UPB) to Finance of America Reverse for net proceeds of $70-$80M, and initiated a $20M share repurchase program.
Key Financial Metrics
Deal Value
$80.0M
Key Facts
- Regulatory approval received for sale of reverse mortgage servicing portfolio to Finance of America Reverse LLC.
- Sale includes ~20,000 Ginnie Mae HECM loans with $5.1B unpaid principal balance as of March 31, 2026.
- Net proceeds expected to be $70-$80 million based on book value as of April 30, 2026.
- Onity will become subservicer for sold MSRs under a three-year agreement.
- Company will discontinue originating reverse mortgage loans.
- Board authorized $20 million share repurchase program through June 2027.
- Transaction remains subject to customary closing conditions; closing date not yet announced.
Financial Impact
Net proceeds of $70-$80 million from asset sale, plus $20 million share repurchase authorization.
revenuedebtdilution
Risk Factors
- Transaction closing conditions may not be satisfied or may be delayed.
- Share repurchase program may be modified, suspended, or discontinued.
- Historical stock performance shows negative returns following prior company announcements.
Market Snapshot
Exchange
NYSE
Sector
Mortgage Bankers & Loan Correspondents
Analyst Consensus
88% bullish (8 analysts)
Investment Themes
Traditional Finance
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3304959 |
8 reports for ONIT
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $25.24 | awaiting T+60 | — | $25.70 (+1.82%) |
Jul 28, 2026 12w ago | Press Release | $40.54 | awaiting T+60 | — | $25.70 (−36.61%) |
Jun 2, 2026 20w ago | 8-K | $36.57 $34.52 | ▼ −5.61% | ▼ −6.72% | $25.70 (−29.72%) |
Jun 2, 2026 20w ago | Press Release | $36.57 $34.52 | ▼ −5.61% | ▼ −6.72% | $25.70 (−29.72%) |
May 5, 2026 24w ago | 8-K | $38.74 $37.41 | ▼ −3.43% | ▼ −6.17% | $25.70 (−33.66%) |
May 5, 2026 24w ago | Press Release | $38.74 $37.41 | ▼ −3.43% | ▼ −6.17% | $25.70 (−33.66%) |
Apr 23, 2026 26w ago | Press Release | $46.26 | awaiting T+60 | — | $25.70 (−44.44%) |
Feb 24, 2026 34w ago | 8-K | $42.35 $34.60 | ▼ −18.30% | ▼ −25.25% | $25.70 (−39.32%) |
Showing 8 of 8
US Market Status
Market Closed — Opens Wed (12h 44m)
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