Ocwen/$ONIT

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About Ocwen

Onity Group Inc is a non-bank mortgage servicer and originator providing solutions through its brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs.

Ticker

$ONIT

Sector

Finance

Primary listing

NYSE

Employees

4,200

Ocwen Metrics

BasicAdvanced
$315M
9.49
$4.12
1.42
-

Bulls say / Bears say

Onity reported a net income of $21 million and diluted EPS of $2.50 in Q1 2025, contrasting with a loss in Q4 2024 and underscoring improved profitability and operational execution.
Originations volume surged 53% year-over-year to $7 billion in Q1 2025, driven by high-margin reverse mortgage products like EquityIQ®, highlighting robust organic growth.
Fitch Ratings upgraded PHH Mortgage’s primary and special servicing ratings to ‘RPS2-’/’RSS2-’ with a Stable Outlook on June 4, 2025, reflecting confidence in Onity’s servicing platform and risk controls.
The company recorded a net loss of $29 million in Q4 2024, including $41 million of debt restructuring charges, indicating potential volatility and one-time costs that can strain earnings.
The average 30-year fixed mortgage rate rose to 6.83% in Q1 2025, reducing borrower affordability and potentially contracting Onity’s forward mortgage originations in a high-rate environment.
Onity’s liquidity position stood at $239 million in unrestricted cash and available credit as of March 31, 2025, which may limit its ability to fund growth initiatives or absorb market shocks.
Data summarised monthly by Lightyear AI. Last updated on 23 Jul 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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