General World News

Liberty Reverse parent Onity touts higher profitability, solid servicing performance

Onity Group, the recently rebranded parent company of top-10 lender Liberty Reverse Mortgage, posted improved earnings results in the third quarter of the year — with particular attention given to the profitability of its forward and reverse mortgage servicing segments.

Onity CEO Glen Messina led the Tuesday morning earnings call by saying that the company recorded its “highest adjusted pretax income and return on equity in the last three years,” which came in at $35 million. Its net income for the quarter was $21 million. It originated $8.5 billion in loans from July details ⇒

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