Onity Group ( (ONIT) ) has issued an announcement.
On March 20, 2025, Onity Group Inc. hosted an investor presentation at the Sidoti March Virtual Investor Conference, where they provided a preliminary update on their financial and operating performance for the first quarter of 2025. The company reported a significant increase in originations volume compared to the first quarter of 2024, driven by their Correspondent and Co-Issue channels. Additionally, Onity launched an improved closed-end second originations product in February 2025, which has been well received by borrowers. The company also made progress in servicing growth, completing bulk MSR purchases, and adding new subservicing clients. Effective hedging strategies have contributed to consistent net income and GAAP ROE results, and there is potential for releasing some or all of the valuation allowance against its $180 million net U.S. deferred tax asset by year-end 2025.
More about Onity Group
YTD Price Performance: 2.13%
Average Trading Volume: 44,787
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $237.7M
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