v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events
Note 23 – Subsequent Events
Repurchase of Common Stock
During July 2026, we completed the repurchase of 51,527 shares of our common stock in the open market at prevailing market prices for a total purchase price of $2.0 million at an average price paid per share of $39.39. These shares were repurchased under the $20.0 million program authorized by Onity’s Board of Directors in June 2026, which will continue through June 2027 unless Onity amends the program or repurchases the full $20.0 million amount by an earlier date. See Note 14 – Stockholders’ Equity for additional information.
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. Servicing transfers to Rithm’s own servicing platform began on March 1, 2026. On August 3, 2026 we completed an additional transfer of $3.2 billion UPB to Rithm’s platform comprised of $2.6 billion RMSR UPB (MSR transactions which do not qualify for sale accounting treatment) and $0.6 billion subservicing UPB, respectively.