Subsequent Events	3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]
Subsequent Events	Note 23 – Subsequent Events Repurchase of Common Stock Subsequent to March 31, 2026, we completed the repurchase of 88,309 shares of our common stock in the open market at prevailing market prices for a total purchase price of $3.9 million at an average price paid per share of $43.87. These shares were repurchased under the $10 million program authorized by Onity’s Board of Directors in February 2026, which is complete as of May 1, 2026. See Note 14 – Stockholders’ Equity for additional information. Amended Agreement to Sell Reverse Mortgage Loans to FAR On April 30, 2026, Onity, through its wholly-owned subsidiary OMC, and FAR entered into an amendment (the Amendment) to the parties’ agreements for the sale of Onity’s reverse mortgage servicing portfolio and certain reverse originations assets. Under the Amendment, which modifies the terms of the Asset Purchase Agreement and the Reverse Mortgage Servicing Rights Purchase and Sale Agreement, each dated as of November 17, 2025, OMC has agreed to sell reverse MSRs comprised of approximately 20,000 Ginnie Mae HECM loans with UPB of $5.1 billion ($5.5 billion fair value) as of March 31, 2026 (see also Note 5 - Reverse Mortgages). FAR will also acquire OMC’s pipeline of reverse mortgage loans as of the transaction closing date. In addition, FAR expects to assume certain of OMC’s US-based reverse originations employees in May 2026 and additional employees in July 2026. OMC will become the subservicer for the reverse MSRs sold to FAR under a three-year subservicing agreement subject to automatic one-year renewal unless FAR provides notice of non-renewal 180 days prior to the expiration of the original term, and subject thereafter to renewal upon mutual agreement of the parties. OMC has agreed to discontinue its reverse originations business upon closing with the exception of activities relating to the recapture of existing HECM borrowers for any HECM MSRs not transferred to FAR. Based on the UPB of the HECM loans as of March 31, 2026, the gross proceeds from the transaction are estimated to be approximately $105 to $115 million in cash, reflecting pricing adjustments, including a slight discount to book value, and before transaction costs, repayment of certain warehouse financings, and related adjustments, including as a result of asset and liabilities balances as of the closing date. Following these payments and adjustments, the transaction is expected to result in net proceeds at closing of approximately $70 to $80 million. The transaction is subject to Ginnie Mae approval and customary closing conditions and is expected to close in the third quarter of 2026. Rithm Portfolio Deboarding As disclosed in Note 8 — MSR Related Financing Liabilities, at Fair Value, on October 31, 2025 we were notified by Rithm of its intent not to renew its subservicing agreements effective January 31, 2026. The initial servicing transfer to Rithm’s own servicing platform occurred on March 1, 2026. On May 1, 2026 we completed an additional transfer of $10.8 billion subservicing UPB to Rithm’s platform.

Subsequent to March 31, 2026, we completed the repurchase of 88,309 shares of our common stock in the open market at prevailing market prices for a total purchase price of $3.9 million at an average price paid per share of $43.87. These shares were repurchased under the $10 million program authorized by Onity’s Board of Directors in February 2026, which is complete as of May 1, 2026. See Note 14 – Stockholders’ Equity for additional information.

On April 30, 2026, Onity, through its wholly-owned subsidiary OMC, and FAR entered into an amendment (the Amendment) to the parties’ agreements for the sale of Onity’s reverse mortgage servicing portfolio and certain reverse originations assets. Under the Amendment, which modifies the terms of the Asset Purchase Agreement and the Reverse Mortgage Servicing Rights Purchase and Sale Agreement, each dated as of November 17, 2025, OMC has agreed to sell reverse MSRs comprised of approximately 20,000 Ginnie Mae HECM loans with UPB of $5.1 billion ($5.5 billion fair value) as of March 31, 2026 (see also Note 5 - Reverse Mortgages). FAR will also acquire OMC’s pipeline of reverse mortgage loans as of the transaction closing date. In addition, FAR expects to assume certain of OMC’s US-based reverse originations employees in May 2026 and additional employees in July 2026.

OMC will become the subservicer for the reverse MSRs sold to FAR under a three-year subservicing agreement subject to automatic one-year renewal unless FAR provides notice of non-renewal 180 days prior to the expiration of the original term, and subject thereafter to renewal upon mutual agreement of the parties. OMC has agreed to discontinue its reverse originations business upon closing with the exception of activities relating to the recapture of existing HECM borrowers for any HECM MSRs not transferred to FAR.

Based on the UPB of the HECM loans as of March 31, 2026, the gross proceeds from the transaction are estimated to be approximately $105 to $115 million in cash, reflecting pricing adjustments, including a slight discount to book value, and before transaction costs, repayment of certain warehouse financings, and related adjustments, including as a result of asset and liabilities balances as of the closing date. Following these payments and adjustments, the transaction is expected to result in net proceeds at closing of approximately $70 to $80 million. The transaction is subject to Ginnie Mae approval and customary closing conditions and is expected to close in the third quarter of 2026.