Onity receives regulatory approval for $70-80M reverse mortgage sale, authorizes $20M buyback

Filed June 2, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  Regulatory approval received to sell reverse mortgage servicing portfolio of ~20,000 Ginnie Mae loans ($5.1B unpaid principal) to Finance of America Reverse; expects $70-80M net proceeds based on April 30, 2026 book value.

  Item 8.01 — Other Events verify on EDGAR →
• high

  Board authorized $20M share repurchase program through June 2027 via open market purchases; repurchased shares will be retired and canceled.

  Item 8.01 — Other Events verify on EDGAR →
• medium

  Onity will exit reverse mortgage origination but continue as subservicer for the sold portfolio under a three-year agreement, maintaining operational involvement and revenue stream.

  Exhibit 99.1 view on EDGAR →