Onity Group Inc. Files 8-K with Financial Updates
Ticker: ONIT · Form: 8-K · Filed: Aug 1, 2024 · CIK: 873860
| Field | Detail |
|---|---|
| Company | Onity Group Inc. (ONIT) |
| Form Type | 8-K |
| Filed Date | Aug 1, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $3 b, $55 million, $51.7 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, corporate-actions
TL;DR
ONITY GROUP INC. (formerly OCWEN) filed an 8-K on 7/26 with financial statements and operational updates.
AI Summary
Onity Group Inc. filed an 8-K on July 26, 2024, reporting on its results of operations and other events. The filing also includes financial statements and exhibits. The company was formerly known as Ocwen Financial Corp.
Why It Matters
This 8-K filing provides crucial updates on Onity Group Inc.'s financial performance and operational events, which can impact investor decisions.
Risk Assessment
Risk Level: low — This filing is a standard 8-K reporting routine financial and operational information, not indicating any immediate or unusual risks.
Key Players & Entities
- ONITY GROUP INC. (company) — Registrant
- OCWEN FINANCIAL CORP (company) — Former company name
- July 26, 2024 (date) — Date of earliest event reported
- Florida (location) — State of incorporation
- 1-13219 (identifier) — Commission File Number
- 65-0039856 (identifier) — IRS Employer Identification No.
FAQ
What specific financial results are being reported in this 8-K?
The filing indicates 'Results of Operations and Financial Condition' are being reported, but the specific details are within the attached financial statements and exhibits.
What other events are being disclosed in this report?
The filing lists 'Other Events' as an item being reported, alongside 'Financial Statements and Exhibits'.
When was the earliest event reported in this filing?
The earliest event reported was on July 26, 2024.
What was Onity Group Inc. previously known as?
Onity Group Inc. was formerly known as Ocwen Financial Corp.
Where is Onity Group Inc. incorporated?
Onity Group Inc. is incorporated in Florida.
Filing Stats: 916 words · 4 min read · ~3 pages · Grade level 13.1 · Accepted 2024-08-01 06:45:34
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 Par Value ONIT New York Stock Excha
- $3 b — paid principal balance of approximately $3 billion, and certain related reverse mort
- $55 million — h a target aggregate net asset value of $55 million. In consideration of the asset acquis
- $51.7 m — iquidation preference and par amount of $51.7 million, subject to certain adjustments,
Filing Documents
- form8-k.htm (8-K) — 43KB
- ex99-1.htm (EX-99.1) — 142KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001493152-24-029863.txt ( ) — 377KB
- ocn-20240726.xsd (EX-101.SCH) — 3KB
- ocn-20240726_lab.xml (EX-101.LAB) — 33KB
- ocn-20240726_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. ONITY GROUP INC. (Registrant) Date: August 1, 2024 By: /s/ Sean B. O'Neil Sean B. O'Neil Chief Financial Officer