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Onity Group ( (ONIT) ) has shared an announcement.
On January 26, 2026, Onity Group announced that subsidiaries PHH Corporation and PHH Escrow Issuer LLC launched an offering of $150 million in additional 9.875% senior notes due 2029, which will form a single series with the $500 million of identical notes issued on November 6, 2024. The new senior secured notes, guaranteed by Onity and key PHH subsidiaries including PHH Mortgage Corporation and PHH Asset Services LLC, are being privately placed with qualified institutional buyers and certain non-U.S. investors, with net proceeds earmarked for general corporate purposes, including repayment of indebtedness at PHH Mortgage Corporation and PHH Asset Services LLC, a move that is expected to further manage and optimize the group’s capital structure and debt profile.
The most recent analyst rating on (ONIT) stock is a Buy with a $58.00 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 held back primarily by weak cash conversion and elevated leverage risk highlighted in the financial statements, despite solid operating margins and strong TTM revenue growth. Technicals are modestly supportive and valuation is reasonable, while the latest earnings call was broadly positive but includes meaningful servicing-related headwinds and a key portfolio nonrenewal.
To see Spark’s full report on ONIT stock, click here.
More about Onity Group
Onity Group Inc. (NYSE: ONIT) is a non-bank financial services company specializing in mortgage servicing and originations through its PHH Mortgage and Liberty Reverse Mortgage brands. PHH Mortgage is among the largest U.S. mortgage servicers, offering a range of servicing and lending programs to consumers and business clients, while Liberty is one of the largest reverse mortgage lenders in the country. Headquartered in West Palm Beach, Florida, with operations in the United States, the U.S. Virgin Islands, India and the Philippines, Onity has been serving customers since 1988.
Average Trading Volume: 53,873
Technical Sentiment Signal: Buy
Current Market Cap: $416.6M
See more data about ONIT stock on TipRanks’ Stock Analysis page.