Onity reported its highest adjusted pretax income of $35 million and a net income of $21 million for Q3, marking a significant improvement and success in their servicing segments.
CEO Glen Messina highlighted a successful asset management transaction and noted that the reverse servicing segment significantly contributed to profitability, showcasing solid year-over-year performance.
CFO Sean O'Neill emphasized that the reverse asset transaction with Waterfall Asset Management brought additional liquidity and increased equity through preferred equity issuance, positively impacting earnings per share.
O'Neill also mentioned that selective MSR sales above book value have replenished their strong originations, further reinforcing their strategic adaptation to current market cycles.
Collection
[
|
...
]