GlobeNewsWire
02 Jun 2026, 10:45 UTC · 2h ago
Search tags
Story key points
3 claims · impact-rated
Onity Group received regulatory approval to sell its reverse mortgage servicing rights and assets to Finance of America Reverse (FAR) for expected net proceeds of $70 to $80 million. — This provides a significant cash infusion and simplifies the business model by exiting reverse mortgage originations.
+0.60Onity Group's Board of Directors authorized a share repurchase program for up to $20 million of common stock through June 2027. — Buybacks typically signal management confidence and provide a floor for the stock price, though the amount is smaller than the asset sale.
+0.40Onity will enter a three-year subservicing agreement with FAR to manage the sold reverse MSRs. — Ensures a steady, predictable stream of subservicing revenue while reducing the risk of owning the assets.
+0.20Ticker attribution
Continue reading
6 related stories
Model heads
The company received regulatory approval for a strategic asset sale and initiated a $20 million share repurchase program.
No ticker relationship head found.
Early access
News Impact Screener scores every headline against the stocks it moves — before the chart reacts. Join the early-access list and get alerted the moment a story hits your tickers.
Impact vectors
4 dimensions · 9 clusters
Market reaction
10 bid · 0 offered
No stock impact ranking available yet.
Newsfile Corp
9h ago
