ONITY GROUP INC. (ONIT)
Onity Group, Inc. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing, and asset management services. The Lending segment is involved in originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment includes revenues and expenses that are not directly related to other reportable segments. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.
Address
1661 WORTHINGTON ROAD
WEST PALM BEACH, FL 33409
Founded
1988
Number of Employees
4,500
Website
http://www.onitygroup.com
Buyback
Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
---|---|---|---|---|---|---|---|---|---|---|---|---|
$ Amount Purchased ($ in 000s ) |
$325,610 | $4,142 | $5,890 | - | - | - | $8,984 | - | $38,729 | - | - | $76,671 |
Average Price | $492.32 | $99.30 | $89.07 | - | - | - | $22.31 | - | $28.93 | - | - | $152.71 |
# Shares Purchased | 661,377 | 41,714 | 66,132 | - | - | - | 402,649 | - | 1,338,498 | - | - | 502,074 |
Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Return to Date | -94.1% | -70.8% | -67.4% | - | - | - | 30.0% | - | 0.2% | - | - | -81.0% |
S&P 500 Return to Date | 181.9% | 173.0% | 168.6% | - | - | - | 74.8% | - | 37.3% | - | - | 127.1% |
Excess Total Return | -276.0% | -243.8% | -236.0% | - | - | - | -44.9% | - | -37.0% | - | - | -208.1% |
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Percentile Rank | 2% | 10% | 9% | - | - | - | 46% | - | 47% | - | - | 5% |
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