Florida-based Onity Group reported first-quarter 2026 net income attributable to common stockholders of $7 million as mortgage rate volatility, refinancing activity and elevated FHA delinquencies weighed on results despite growth in revenue and servicing volume.

Net income was down from $21 million last year. In its earnings report, released on Tuesday, the company posted a return on equity (ROE) of 4% for the quarter. Adjusted pre-tax loss totaled $6 million, resulting in an annualized adjusted ROE of negative 4%.

According to Keefe, Bruyette & Woods analysts Bose George and Frankie Labetti, Onity’s earnings miss was largely tied to servicing details ⇒

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