Apply Online
Schedule a Call

Onity Group

Onity Group raises $200M in debt, reports strong estimated Q4 earnings

Debt, Earnings, HWmember, Liberty Reverse Mortgage, Onity Group, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

On the back of stronger estimated financial earnings, Onity Group — the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage — raised $200 million through a debt offering to qualified investors on Monday, exceeding its initial target of $150 million. The offering came amid the release of preliminary fourth-quarter 2025 financial results, with […]

Onity Group raises $200M in debt, reports strong estimated Q4 earnings Read More »

Onity targets $150M debt raise via PHH subsidiaries

Debt, HWmember, Liberty Reverse Mortgage, Mortgage, Onity Group, PHH Mortgage Corp, Reverse /

Onity Group — the parent company of PHH Mortgage Corp. and its subsidiary, Liberty Reverse Mortgage — plans to raise $150 million through a debt offering to qualified investors via two of its subsidiaries, the company announced Monday. PHH Corp. and PHH Escrow Issuer LLC are offering senior notes due in 2029 at an interest

Onity targets $150M debt raise via PHH subsidiaries Read More »

PHH Mortgage will halt reverse originations, sell MSRs to Finance of America

Finance of America, HWmember, Liberty Reverse Mortgage, MSRs, Onity Group, Partnerships, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

Onity Group — the parent company of PHH Mortgage Corp. and its reverse mortgage arm, Liberty Reverse Mortgage — announced on Tuesday that the company has entered into a “strategic relationship” with Finance of America (FOA) to sell $9.6 billion in mortgage servicing rights (MSRs), among other agreements. A press release said that PHH/Liberty will

PHH Mortgage will halt reverse originations, sell MSRs to Finance of America Read More »

Rithm drops Onity as subservicer on $33B portfolio

HWmember, LendingLife, Mortgage Servicing, Onity Group, PHH Mortgage Corp, Servicing /

Rithm Capital will no longer use Onity Group’s servicing subsidiary, PHH Mortgage Corp., as the subservicer of a $33 billion portfolio primarily composed of pre-2008 loans — ending an agreement that has lasted nearly a decade. Onity, which released its third-quarter earnings on Thursday, said it was notified by Rithm on Oct. 31 of its

Rithm drops Onity as subservicer on $33B portfolio Read More »

Reverse mortgage lenders log Q2 profits amid home equity, AI push

Artificial Intelligence, Earnings, Ellington Financial, Finance of America, Home Equity, HWmember, LendingLife, Mortgage, Onity Group, Reverse, Reverse Mortgage Daily /

The publicly traded companies in the reverse mortgage space were largely profitable in the second quarter of 2025, despite a challenging macroeconomic backdrop.  As a group, they posted $1.2 billion in originations in Q2 2025, compared to $1 billion in the first quarter. Executives pointed to stronger demand for home equity products among seniors, as

Reverse mortgage lenders log Q2 profits amid home equity, AI push Read More »

As seniors gain comfort with AI, how should reverse mortgage lenders respond?

Aging in Place, Artificial Intelligence, HWmember, Longbridge Financial, Onity Group, Reverse, Reverse Mortgage Daily /

The knowledge and use of artificial intelligence (AI) among older generations is often misunderstood and mischaracterized. But seniors are often following the path of the wider population when it comes to incorporating AI into their daily lives. Recent survey data published by the University of Michigan found that 55% of respondents in the 50-and-older age

As seniors gain comfort with AI, how should reverse mortgage lenders respond? Read More »

The proprietary reverse mortgage landscape is getting crowded

Finance of America, HWmember, Liberty Reverse Mortgage, Longbridge Financial, Mutual of Omaha Mortgage, Onity Group, PHH Mortgage Corp, Reverse /

The broader mortgage industry and the reverse mortgage subset have worked through a period of elevated interest rates for longer than anyone may have been expecting. Following a post-pandemic boom in volume fueled by Home Equity Conversion Mortgage (HECM) refinances, higher rates have served to restrict HECM volume, according to industry professionals and analysts. In

The proprietary reverse mortgage landscape is getting crowded Read More »

Liberty’s Mike Kent talks relaunch of EquityIQ proprietary reverse mortgage

Liberty Reverse Mortgage, NRMLA, Onity Group, PHH Mortgage Corp, Reverse /

Mike Kent is a busy man. He’s been a key figure at Onity Group’s Liberty Reverse Mortgage for most of the past decade. He’s also served as co-chair of the National Reverse Mortgage Lenders Association (NRMLA) since 2019, and he now serves as senior vice president of reverse asset management and industry relations for Liberty

Liberty’s Mike Kent talks relaunch of EquityIQ proprietary reverse mortgage Read More »