SC 13G/A: ONITY GROUP INC.

AI Summary

SC 13G/A filing by ONITY GROUP INC..

Risk Assessment

Risk Level: low

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• deerpark-ocn093024a8.htm (SC 13G/A) — 183KB
• 0001172661-24-005165.txt ( ) — 185KB

(a)Name of Issuer

Item 1. (a)Name of Issuer ONITY GROUP INC.

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 1661 Worthington Road, Suite 100 West Palm Beach, Florida 33409

(a) Name of Person Filing

Item 2. (a) Name of Person Filing: This i) Deer Park Road Management Company, LP ("Deer Park"); ii) Deer Park Road Management GP, LLC ("DPRM"); ii) Deer Park Road Corporation ("DPRC"); iv) Michael Craig-Scheckman ("Mr. Craig-Scheckman"); v) AgateCreek LLC ("AgateCreek"); and vi) Scott Edward Burg ("Mr. Burg"). This which is an exempted company organized under the laws of the Cayman Islands. Deer Park serves as investment adviser to the STS Master Fund and, in such capacity, exercises voting and investment power over the Shares held in the account for the STS Master Fund. DPRM is the general partner of Deer Park. Each of DPRC and AgateCreek is a member of DPRM. Mr. Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Mr. Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek.

(b) Address of Principal Business Office or,

Item 2. (b) Address of Principal Business Office or, if None, Residence : The address of the principal business office of each of the Reporting Persons is 1195 Bangtail Way, Steamboat Springs, Colorado 80487.

(a, b, c)Names of Person Filing, Address

Item 2. (a, b, c)Names of Person Filing, Address of Principal Business Office, Citizenship: i) Deer Park is a limited partnership organized in Delaware; ii) DPRM is a limited liability company organized in Delaware; iii) DPRC is a Delaware corporation; iv) Mr. Craig-Scheckman is a citizen of the United States of America; v) AgateCreek is a limited liability company organized in Colorado; and vi) Mr. Burg is a citizen of the United States of America.

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Common Stock, par value $0.01 per share (the “Shares”)

(e) CUSIP No

Item 2. (e) CUSIP No.: 675746606 CUSIP No. 675746606 SCHEDULE 13G/A Page 9 of 15 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 675746606 SCHEDULE 13G/A Page 10 of 15 Pages Item 4.Ownership As of September 30, 2024, each of the Reporting Persons may be deemed the beneficial owners of 371.450 Shares held for the account of the STS Master Fund. As of September 30, 2024, each of the Reporting Persons may be deemed the beneficial owner of approximately 4.73% of Shares outstanding (based on 7,845,055 Shares outstanding as of July 30, 2024, according to the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 1, 2024). (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote ore direct the vote: 371.450 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared po

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