ONITY GROUP INC.

Onity Group Inc. announced that its Executive Vice President and Chief Financial Officer, Sean O Neil, will present at the virtual Sidoti Small Cap Conference on June 17, 2026. The presentation is scheduled for 9:15 a.m. to 9:45 a.m. Eastern Time and will be webcast live. Mr. O Neil will also host investor meetings alongside Valerie Haertel, Vice President, Head of Investor Relations, with interested investors able to request meetings through the conference organizers.

Onity Group Inc. announced regulatory approval for the sale of its reverse mortgage servicing portfolio and certain origination assets to Finance of America Reverse LLC. The transaction involves approximately 20,000 Ginnie Mae home equity conversion mortgage loans with an unpaid principal balance of $5.1 billion, and is expected to yield $70-$80 million in net proceeds. Concurrently, the Board authorized a new share repurchase program for up to $20 million of common stock, aiming to enhance shareholder value.

Onity Group Inc. announced regulatory approval for the sale of its reverse mortgage servicing portfolio and certain origination assets to Finance of America Reverse LLC (FAR). The transaction involves approximately 20,000 Ginnie Mae home equity conversion mortgage loans with an unpaid principal balance of $5.1 billion, with Onity becoming the subservicer for three years. Net proceeds are expected to be $70 to $80 million. Additionally, the company's Board of Directors authorized a share repurchase program for up to $20 million of its common stock, reflecting a disciplined capital allocation strategy.

Onity Group Inc. reported a significant decrease in net income for Q1 2026, falling to $6.6 million from $21.1 million year-over-year, despite a rise in total revenue to $294.3 million. Basic EPS also declined to $0.78 from $2.68. The company is undergoing strategic changes, including the planned sale of its HECM loan portfolio to Finance of America Reverse LLC, with an amendment signed in April 2026, and the non-renewal of subservicing agreements with Rithm Capital Corp. effective January 2026. Net cash used in operating activities worsened considerably to $(1,589.9) million.

Onity Group Inc. announced an amendment to its agreement with Finance of America Reverse LLC (FAR) to sell its reverse mortgage servicing portfolio and certain origination assets. The transaction involves approximately 20,000 Ginnie Mae HECM loans with a UPB of $5.1 billion, expected to generate $105-115 million in cash proceeds before costs, and $70-80 million net. Onity Mortgage Corporation (OMC) will become the subservicer for three years and will discontinue its reverse originations business. Additionally, Onity reported Q1 2026 results, including $7 million net income, $0.74 diluted EPS, and $294 million in total revenue, up 18% year-over-year. The company updated its adjusted ROE guidance to 10-15% from 13-15% due to ongoing rate volatility.

Onity Group Inc. announced its first quarter 2026 results, reporting net income attributable to common stockholders of $7 million and diluted EPS of $0.74. The company achieved significant revenue growth, with total revenue up 18% to $294 million and adjusted revenue up 26% to $278 million compared to Q1 2025. However, it recorded an adjusted pre-tax loss of $6 million, leading to an annualized adjusted ROE of (4%), impacted by mortgage interest rate volatility and elevated FHA delinquencies. Onity updated its adjusted ROE guidance range to 10%-15% from 13%-15% due to ongoing rate volatility but reaffirmed other guidance. The company also highlighted strong business momentum, including a doubling of originations volume, $200 million raised from a high yield debt offering, and the repurchase of 154,000 shares.

Onity Group Inc. announced that its executive management will attend the BTIG Housing and Real Estate Conference on May 6, 2026, in New York. Glen Messina, Chair, President and CEO, and Sean O Neil, Executive Vice President and CFO, are scheduled to meet with investors during the event. The company is a leading non-bank financial services provider specializing in mortgage servicing and originations.

Onity Group Inc. announced it will host a conference call on Tuesday, May 5, 2026, at 8:30 a.m. ET. The call will cover the Company's first quarter 2026 operating results and provide a business update. Interested parties can access the call via dial-in or a live audio webcast on the Company's Shareholder Relations page.