Onity Group reports Q1 2026 revenue up 18%, net income $7M amid mortgage rate volatility.

Onity Group Inc. announced its Q1 2026 results showing an 18% increase in total revenue to $294 million and net income of $7 million, with diluted EPS of $0.74. Despite strong growth in revenue, originations volume, and servicing UPB, the company faced challenges from mortgage interest rate volatility, higher refinancing activity, and elevated FHA delinquencies, leading to an adjusted pre-tax loss of $6 million. Onity updated its adjusted ROE guidance to 10%-15% due to ongoing rate volatility but reaffirmed growth in servicing UPB and operational efficiency. The company is focusing on profitable growth, leveraging AI technologies, and expects to complete a reverse mortgage transaction pending regulatory approval.