{"url_path":"/sec/onit/8-k/2026-06-02/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-02","source_url":"https://www.sec.gov/Archives/edgar/data/873860/0001493152-26-026737-index.html","accession_number":"0001493152-26-026737","cik":"0000873860","ticker":"ONIT","issuer_name":"ONITY GROUP INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/873860/0001493152-26-026737-index.html","primary_entity_key":"0000873860","primary_entity_name":"ONITY GROUP INC."},"word_count":276,"has_tables":true,"body_markdown":"**Item\n8.01**\n**Other\nEvents.**\n\n** **\n\n*Regulatory\nApproval of Reverse Asset Sale*\n\n \n\nOn\nMay 28, 2026, Onity Group Inc. (together with its wholly owned subsidiary Onity Mortgage Corporation,\n“Onity” or the “Company”) received regulatory approval of the sale to Finance of America Reverse LLC (“FAR”)\nof Onity’s reverse mortgage servicing portfolio and certain reverse originations assets. As previously disclosed, Onity has agreed\nto sell reverse mortgage servicing rights comprised of approximately 20,000 Ginnie Mae home equity conversion mortgage loans with an\nunpaid principal balance of $5.1 billion as of March 31, 2026. FAR will also acquire Onity’s pipeline of reverse mortgage loans\nas of the transaction closing date and the parties will enter into a three-year subservicing arrangement.\n\n \n\nThe\ntransaction remains subject to customary closing conditions.\nThe Company will provide an update on the anticipated closing date at a later time.\n\n \n\n*Authorization\nof Share Repurchase Program*\n\n \n\nOn\nJune 1, 2026, Onity’s Board of Directors authorized a share repurchase program for an aggregate amount of up to $20.0 million of\nthe Company’s issued and outstanding shares of common stock. Under the program, Onity is authorized to repurchase shares through\nopen market purchases. The timing and execution of any share repurchases are subject to market conditions, among other factors, and the\nCompany may modify, discontinue or suspend the repurchase program at any time. Any shares repurchased will be retired and canceled. Unless\nOnity amends the share repurchase program or repurchases the full $20.0 million amount by an earlier date, the share repurchase program\nwill continue through June 2027. No assurances can be given as to the amount of shares, if any, that the Company may repurchase in any\ngiven period."}