Onity Group Faces Client Non-Renewal, Plans Restructuring
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Onity Group Inc. announced that Rithm Capital Corp. will not renew its subservicing agreements, effective January 31, 2026, impacting a significant portion of its servicing portfolio. Despite this, Onity expects no material financial impact for 2026, as it aims to replace earnings with more profitable relationships. The company reported a net income of $18 million in Q3 2025, with a 39% year-over-year increase in originations volume. Analysts rate ONIT stock as a Hold with a $38.00 price target, while TipRanks’ AI Analyst considers it Neutral due to mixed indicators and financial challenges.
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