Onity Group Inc ONIT

$25.89 +0.19 (0.74%)

Valuation

Market cap
214,710,000
Revenue TTM
$1,066,700,000
Net income TTM
$189,500,000
PE ratio
4.93
Forward PE
—
Profit margin
17.77%
Debt to equity
11.41

Trading

Volume
52,858
Avg volume
92,738
Day's range
$25.73 – $26.61
Shares out
8,354,000
Stochastic %K
29%
Beta
1.49
Analysts
Strong Sell
Price target
$49.67

Price

Company profile

Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through the Servicing and Originations segments. The company offers owned mortgage servicing rights and subservicing products; conventional, government-insured, and non-agency mortgage loans, as well as rever...

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Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through the Servicing and Originations segments. The company offers owned mortgage servicing rights and subservicing products; conventional, government-insured, and non-agency mortgage loans, as well as reverse mortgage and multi-family loans; and residential forward mortgage and small commercial mortgage loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. In addition, the company engages in reinsurance business. The company offers its services under the PHH Mortgage and Liberty Reverse Mortgage brands. It serves financial institutions. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.

Industry
Mortgage Finance
Sector
Financial Services
Phone
561 682 8000
Website
https://www.onitygroup.com
Address
1661 Worthington Road, Suite 100, West Palm Beach, United States

Latest news

Stocktwits

focafoca99 Oct 20, 8:42 PM
$ONIT started a declaratory judgment action in NY court over mortgage-servicing regulation.
0 replies
XLBtrading Oct 15, 8:29 PM
$ONIT hate to do it but buying more again. Looks washed out with big voluje over the last few weeks. I think a bunch of this is obviously due to rates, but also to tax loss selling. I’m never gonna catch the bottom but I think it’s worth a shot here tax selling will continue until November though.
0 replies
Whtmtn Sep 30, 3:14 PM
$ONIT welp who woulda thought we would be back here. Oh yea, forgot we had Glen on it.
0 replies
XLBtrading Sep 21, 2:13 AM
$ONIT sold my multi year position at $40 about six months ago. Although as a car crash, I think sentiment is pretty washed out and I feel bullshit about where long buns are going. Wouldn’t be surprised to see a move back to 40 and of course, but value was about $70.
1 replies
michbroker Sep 17, 7:34 PM
$ONIT never ending story ...
1 replies
Whtmtn Aug 20, 1:10 PM
$ONIT drifting to less than 0.5 BV. I question BV. Wonder how that compares to the market value of msr’s. SEC ought to look a little closer at this.
1 replies
Estimize Aug 12, 10:01 AM
Wall St is expecting 1.84 EPS for $ONIT Q3 [Reporting 11/10 BMO] http://www.estimize.com/intro/onit?chart=historical&metric_name=eps&utm_co
0 replies
michbroker Aug 6, 3:05 PM
$ONIT This year is a write-off too—just like so many before it; Onity is a total disaster, unfortunately.
0 replies