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Onity Group Inc. Enters Agreement to Sell Reverse Mortgage Servicing Rights

Nov 18, 2025•7 months ago

Contract Type

sale_agreement

West Palm BeachFinancial ServicesFinanceSecurityLendingBanking

Description

On November 17, 2025, Onity Group Inc. through its subsidiary, PHH Mortgage Corporation, entered into agreements with Finance of America Reverse LLC. The deal involves the sale of a reverse mortgage servicing portfolio that includes approximately 40,000 Ginnie Mae home equity conversion mortgage loans valued at $9.6 billion. Additionally, PHH will act as the subservicer for the sold rights under a three-year agreement.

Company Information

Company

Onity Group

Location

West Palm Beach, Florida, United States

About

Onity Group Inc. is a leading non-bank mortgage servicer and originator, with a focus on enhancing their capital structure and driving strong earnings, cash flow and returns.

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