ONITY GROUP INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
ONIT$32.11+3.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at and
(Dollars in millions, except per share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $184.8 | $201.6 |
| Restricted cash ($29.1 and $24.2 related to variable interest entities (VIEs)) | 80.8 | 53.5 |
| Mortgage servicing rights (MSRs), at fair value | 2,466.3 | 2,272.2 |
| Advances, net ($481.8 and $573.0 related to VIEs) | 577.2 | 678.8 |
| Loans held for sale ($1,290.2 and $674.2 carried at fair value) ($575.4 and $269.6 related to VIEs) | 1,290.2 | 677.3 |
| Loans held for investment, at fair value ($0.0 and $5.6 related to VIEs) | 11,125.3 | 7,975.5 |
| Receivables, net ($31.9 and $19.9 related to VIEs) | 176.4 | 154.8 |
| Investment in equity method investee | — | 37.8 |
| Premises and equipment, net | 11.0 | 13.1 |
| Other assets ($15.7 and $22.0 carried at fair value) ($42.0 and $18.6 related to VIEs) | 111.3 | 106.2 |
| Contingent loan repurchase asset | 412.2 | 343.0 |
| Total assets | $16,435.4 | $12,513.7 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities | ||
| Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value | $10,872.1 | $7,797.3 |
| Other financing liabilities, at fair value ($322.7 and $409.2 due to related party) ($0.0 and $5.6 related to VIEs) | 846.9 | 900.0 |
| Advance match funded liabilities ($416.5 and $498.9 related to VIEs) | 417.1 | 499.7 |
| Mortgage loan financing facilities ($481.9 and $143.4 related to VIEs) | 1,528.2 | 710.6 |
| MSR financing facilities, net | 957.9 | 916.2 |
| Senior notes, net ($48.7 and $239.7 due to related parties) | 487.4 | 595.8 |
| Other liabilities ($28.0 and $7.2 carried at fair value) | 420.6 | 349.3 |
| Contingent loan repurchase liability | 412.2 | 343.0 |
| Total liabilities | 15,942.5 | 12,111.9 |
| Commitments and Contingencies (Notes 26 and 27) | ||
| Mezzanine Equity | ||
| Series B Preferred stock, $0.01 par value and $25.00 liquidation preference value; 2,400,000 shares authorized; 2,111,787 shares issued and outstanding at December 31, 2024 | 49.9 | — |
| Stockholders’ Equity | ||
| Common stock, $0.01 par value; 13,333,333 shares authorized; 7,873,053 and 7,684,401 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 0.1 | 0.1 |
| Additional paid-in capital | 559.3 | 554.5 |
| Accumulated deficit | (117.6) | (151.6) |
| Accumulated other comprehensive income (loss), net of income taxes | 1.2 | (1.2) |
| Total stockholders’ equity | 442.9 | 401.8 |
| Total liabilities, mezzanine equity and stockholders’ equity | $16,435.4 | $12,513.7 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.