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Onity Group IncNYSE ONIT Stock Report

Last reporting period 30 Jun, 2024

Updated 12 Nov, 2024

Last price

Market cap $B

0.232

Micro

Exchange

XNYS - New York Stock Exchange, Inc

ONIT Stock Analysis

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Uncovered

Onity Group Inc is uncovered by Eyestock quantitative analysis.

Market cap $B

0.232

Dividend yield

Shares outstanding

7.81 B

Ocwen Financial Corp. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. The company is headquartered in West Palm Beach, Florida and currently employs 4,500 full-time employees. The firm operates through three segments: Servicing, Originations, and Corporate Items and Other. Servicing segment comprises two components, its owned MSRs and its subservicing portfolio. The segment invests its capital to fund purchases and originations of its owned mortgage servicing rights (MSRs) and servicing advances. Originations segment purchases MSRs through bulk portfolio purchases, through flow purchase agreements with its network of mortgage companies and financial institutions, and through participation in the Agency Cash Window (or Co-Issue) programs. Corporate Items and Other segment include revenues and expenses of corporate support services, inactive entities, and its other business activities that are individually insignificant.

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