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Onity Group ( (ONIT) ) has shared an announcement.
On January 30, 2026, Onity Group Inc. announced that its subsidiaries PHH Corporation and PHH Escrow Issuer LLC had closed a $200 million offering of 9.875% Senior Notes due 2029, an additional issuance that forms a single series with $500 million of notes originally issued on November 6, 2024. The notes, guaranteed on a senior secured basis by Onity and key PHH subsidiaries, were sold to qualified institutional buyers and certain non-U.S. investors, with net proceeds earmarked for general corporate purposes, including repayment of mortgage servicing rights indebtedness, a move management said further strengthens the company’s capital structure, lowers its effective borrowing cost versus the 2024 issuance, and enhances financial flexibility to manage leverage and support business growth in its mortgage servicing and reverse mortgage operations.
The most recent analyst rating on (ONIT) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Onity Group stock, see the ONIT Stock Forecast page.
Spark’s Take on ONIT Stock
According to Spark, TipRanks’ AI Analyst, ONIT is a Neutral.
The score is capped primarily by weak cash conversion (large negative operating/free cash flow) and elevated leverage risk, despite strong price momentum and a generally upbeat earnings update with above-guidance profitability. Valuation appears reasonable and recent corporate actions are directionally positive, but funding/cash-flow quality remains the key constraint.
To see Spark’s full report on ONIT stock, click here.
More about Onity Group
Onity Group Inc. (NYSE: ONIT) is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the United States, offering a range of servicing and lending programs to consumers and business clients, while Liberty is one of the nation’s largest reverse mortgage lenders. Headquartered in West Palm Beach, Florida, Onity operates in the United States, the U.S. Virgin Islands, India and the Philippines, and has been serving customers since 1988.
Average Trading Volume: 57,244
Technical Sentiment Signal: Buy
Current Market Cap: $380.5M
For detailed information about ONIT stock, go to TipRanks’ Stock Analysis page.