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Onity Group ( (ONIT) ) just unveiled an update.
On January 26, 2026, Onity Group announced that subsidiaries PHH Corporation and PHH Escrow Issuer LLC had priced an additional $200 million aggregate principal amount of 9.875% senior notes due 2029 at 103.25% of par, implying a yield-to-worst of 8.515%, with closing expected on January 30, 2026 subject to customary conditions. The new notes will be fungible with the existing $500 million 9.875% senior notes issued in November 2024, are guaranteed on a senior secured basis by Onity and key PHH subsidiaries, and will provide net proceeds for general corporate purposes including repayment of mortgage servicing rights indebtedness, effectively expanding the group’s secured funding base while targeting balance sheet and leverage management within its mortgage servicing and origination operations.
The most recent analyst rating on (ONIT) stock is a Hold with a $55.00 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 flow and leverage risk despite solid operating margins and improving profitability. Technicals are a clear positive with strong trend and momentum, while valuation appears reasonable at ~15.7x earnings. Earnings-call execution was strong and above guidance, but portfolio runoff and a key subservicing nonrenewal remain notable risks; corporate events are mixed with both deleveraging actions and continued debt issuance.
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 that provides mortgage servicing and origination solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest U.S. mortgage servicers, offering a range of servicing and lending programs to consumers and business clients, while Liberty is a major reverse mortgage lender focused on products that help customers address personal and financial needs. Headquartered in West Palm Beach, Florida, Onity operates across the United States, the U.S. Virgin Islands, India and the Philippines, and has been serving customers since 1988.
Average Trading Volume: 53,873
Technical Sentiment Signal: Buy
Current Market Cap: $416.6M
For a thorough assessment of ONIT stock, go to TipRanks’ Stock Analysis page.