Form 8-K

8-K — ONITY GROUP INC.

Accession: 0001493152-26-031547

Filed: 2026-07-01

Period: 2026-06-30

CIK: 0000873860

SIC: 6162 (MORTGAGE BANKERS & LOAN CORRESPONDENTS)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): June 30, 2026

onity

group inc.

(Exact

name of registrant as specified in its charter)

Florida

1-13219

65-0039856

(State

or other jurisdiction

(Commission

(IRS

Employer

incorporation)

File

Number)

Identification

No.)

1661

Worthington Road, Suite 100

West

Palm Beach, Florida 33409

(Address

of principal executive offices)

Registrant’s

telephone number, including area code: (561) 682-8000

Not

applicable.

(Former

name or former address, if changed since last report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock, $0.01 Par Value

ONIT

New

York Stock Exchange (NYSE)

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

8.01

Other

Events.

June 30, 2026, Onity Group Inc. (together with its wholly owned subsidiary Onity Mortgage Corporation,

“Onity”) closed the sale to Finance of America Reverse LLC of Onity’s reverse mortgage servicing portfolio and certain

reverse originations assets. The sale included reverse mortgage servicing rights comprised of approximately 20,000 Ginnie Mae home equity

conversion mortgage loans with an unpaid principal balance of $5.2 billion as of May 31, 2026, as well as Onity’s pipeline of reverse

mortgage loans as of the transaction closing date. In addition, the parties entered into a three-year subservicing arrangement.

Item

9.01

Financial

Statements and Exhibits.

(d)

Exhibits

Exhibit

Number

Description

99.1

Press Release of Onity Group Inc. dated July 1, 2026

104

Cover

Page Interactive Data File formatted in online XBRL (included as Exhibit 101)

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its

behalf by the undersigned, hereunto duly authorized.

ONITY

GROUP INC.

(Registrant)

Date:

July 1, 2026

By:

/s/

Sean B. O’Neil

Sean

B. O’Neil

Chief

Financial Officer

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

ONITY

GROUP ANNOUNCES CLOSING OF TRANSACTION WITH FINANCE OF AMERICA REVERSE

Sells

reverse mortgage assets and enters into subservicing agreement

Net

proceeds from the transaction of $70 to $80 million

West

Palm Beach, FL – (July 1, 2026) – Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”)

today announced that its subsidiary, Onity Mortgage Corporation (“Onity Mortgage”), has completed the previously announced

transaction with Finance of America Reverse LLC (“FAR”), effective June 30, 2026.

The

Company sold reverse mortgage servicing rights (“MSRs”) comprised of approximately 20,000 Ginnie Mae home equity conversion

mortgage loans with an unpaid principal balance of $5.2 billion as of May 31, 2026. Onity Mortgage will subservice the reverse MSRs sold

to FAR under a three-year subservicing agreement.

Additionally,

FAR acquired Onity Mortgage’s pipeline of reverse mortgage loans as of the closing date and the Company has ceased originating

reverse mortgages. Onity Mortgage will continue securitizations of reverse mortgage buyout loans.

Net

proceeds from the transaction are expected to be $70 to $80 million. The Company intends to use the net proceeds to support growth, reduce

debt and for other corporate purposes.

Glen

A. Messina, Onity Group Chair, President and CEO, said “We are pleased to complete this transaction with FAR which repositions

our role in the reverse mortgage market. This strategic transaction establishes a significant subservicing relationship with FAR, simplifies

our business, and enables increased focus on more substantial growth and earnings opportunities. We look forward to our continued partnership

with FAR and to future opportunities.”

About

Onity Group

Onity

Group Inc. (NYSE: ONIT) is a leading non-bank financial services company delivering mortgage servicing and originations solutions through

Onity Mortgage Corporation. As one of the largest mortgage servicers in the country, we help consumers and business clients achieve their

homeownership and financial goals with a wide range of servicing and lending programs powered by a technology-enabled, customer-centric

platform. Headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India

and the Philippines, we have been serving our customers since 1988. For additional information, please visit onitygroup.com or

onitymortgage.com.

Forward

Looking Statements

This

press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section

21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by a reference to a future

period or by the use of forward-looking terminology. Forward-looking statements are typically identified by words such as “expect”,

“believe”, “foresee”, “anticipate”, “intend”, “estimate”, “goal”,

“strategy”, “plan” “target” and “project” or conditional verbs such as “will”,

“may”, “should”, “could” or “would” or the negative of these terms, although not all

forward-looking statements contain these words, and includes statements in this press release regarding the future of Onity’s relationship

with FAR and participation in the reverse market, and the Company’s ability to increase focus on growth and earnings opportunities.

Forward-looking

statements involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially. In the past,

actual results have differed from those suggested by forward looking statements and this may happen again. Important factors that could

cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, the

financial impact of any post-closing adjustments or indemnification claims, changes in FAR’s business or financial condition, changes

in market conditions, the industry in which we operate, and our business, the actions of governmental entities and regulators, developments

in our litigation matters, and other risks and uncertainties detailed in our reports and filings with the SEC, including our annual report

on Form 10-K for the year ended December 31, 2025 and any current report or quarterly report filed with the SEC since such date. Anyone

wishing to understand Onity’s business should review our SEC filings. Our forward-looking statements speak only as of the date

they are made and, we disclaim any obligation to update or revise forward-looking statements whether as a result of new information,

future events or otherwise.

For

Further Information Contact:

Investors:

Valerie

Haertel, VP, Investor Relations

(561)

570-2969

shareholderrelations@onitygroup.com

Media:

Dico

Akseraylian, SVP, Corporate Communications

(856)

917-0066

mediarelations@onitygroup.com

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Jun. 30, 2026

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Entity Tax Identification Number

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Entity Address, Address Line Two

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Entity Address, City or Town

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