BRIEF-Onity Group Provides Update On Reverse Transaction And Announces Share Repurchase Program

Onity Group Inc.

Onity Group Inc.

ONIT

0.00

June 2 (Reuters) - Onity Group Inc ONIT.N:

  • ONITY GROUP PROVIDES UPDATE ON REVERSE TRANSACTION AND ANNOUNCES SHARE REPURCHASE PROGRAM

  • ONITY GROUP - TO SELL REVERSE MSRS FOR 20,000 GINNIE MAE LOANS WITH $5.1 BILLION UNPAID PRINCIPAL AS OF MAR 31, 2026

  • ONITY GROUP - TO BECOME SUBSERVICER FOR REVERSE MSRS UNDER THREE-YEAR AGREEMENT WITH FINANCE OF AMERICA REVERSE

  • ONITY GROUP - TO DISCONTINUE ORIGINATING REVERSE MORTGAGE LOANS UPON CLOSING OF DEAL

  • ONITY GROUP - AUTHORIZES SHARE REPURCHASE PROGRAM FOR UP TO $20 MILLION AS OF JUNE 1, 2026

  • ONITY GROUP - EXPECTS NET PROCEEDS OF $70-$80 MILLION FROM DEAL BASED ON BOOK VALUE AS OF APR 30, 2026

Source text: ID:nGNX2JdMzz

Further company coverage: ONIT.N


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