Brief: Onity Group Announces Strategic Relationship With Finance Of America Reverse
18/11/2025 21:44
Nov 18 (Reuters) - Onity Group Inc ONIT.N: ONITY GROUP ANNOUNCES STRATEGIC RELATIONSHIP WITH FINANCE OF AMERICA REVERSE ONITY GROUP INC - PHH TO SELL REVERSE MORTGAGE SERVICING RIGHTS OF 40,000 LOANS WITH AN UNPAID PRINCIPAL BALANCE OF $9.6 BILLION ONITY GROUP INC - ESTIMATED NET PROCEEDS FROM DEAL OF $100-$110 MILLION ONITY: INTENDS TO USE NET PROCEEDS TO SUPPORT GROWTH, REDUCE DEBT, AND EXPLORE A SHARE REPURCHASE PROGRAM Source text: ID:nGNX19sntq Further company coverage: ONIT.N ((Reuters.Briefs@thomsonreuters.com;))
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