and the information in the related exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Other Events. Regulatory Approval of Reverse Asset Sale On May 28, 2026, Onity Group Inc. (together with its wholly owned subsidiary Onity Mortgage Corporation, “Onity” or the “Company”) received regulatory approval of the sale to Finance of America Reverse LLC (“FAR”) of Onity’s reverse mortgage servicing portfolio and certain reverse originations assets. As previously disclosed, Onity has agreed to sell reverse mortgage servicing rights comprised of approximately 20,000 Ginnie Mae home equi…

and the information in the related exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Entry into a Material Definitive Agreement. On April 30, 2026, Onity Group Inc. (“Onity” or the “Company”), through its wholly-owned subsidiary Onity Mortgage Corporation (“OMC”), and Finance of America Reverse LLC (“FAR”) entered into an amendment (the “Amendment”) to the parties’ agreements for the sale of Onity’s reverse mortgage servicing portfolio and certain reverse originations assets. Pursuant to the Amendment, which modifies the terms of the Asset Purchase Agreement and the Reverse M…

Director, Audit Committee member, Nomination/Governance Committee member — Dawn C. Morris: Ms. Morris was appointed to serve as a director and added to committees.

Senior Vice President and Chief Accounting Officer — Aulene Wessel: Aulene Wessel was hired as the new Chief Accounting Officer, succeeding Francois Grunenwald.

Other Events On February 10, 2026, Onity’s Board of Directors authorized a share repurchase program for an aggregate amount of up to $10.0 million of the Company’s issued and outstanding shares of common stock. Under the program, Onity is authorized to repurchase shares through open market purchases. The timing and execution of any share repurchases are subject to market conditions, among other factors, and the Company may modify, discontinue or suspend the repurchase program at any time. Any…

and the information in the related exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant. The information set forth under

Entry Into a Material Definitive Agreement On January 30, 2026, Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) announced that its subsidiaries PHH Corporation (“PHH”) and PHH Escrow Issuer LLC (the “Escrow Issuer” and together with PHH, the “Issuers”) completed the issuance and sale of $200 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “PHH Senior Notes”). The PHH Senior Notes were issued under an indenture, dated November 6, 2024 (the “Original Indenture”)…

Regulation FD Disclosure. On January 30, 2026, Onity Group Inc. issued a press release announcing the closing of the previously announced offering by two of its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, of 9.875% Senior Notes due 2029 in an aggregate principal amount of $200,000,000. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this

Other Events. On January 26, 2026, Onity issued a press release announcing that its subsidiaries PHH Corporation and PHH Escrow Issuer LLC, as co-issuers, commenced an offering of $150 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “PHH Senior Notes”). The PHH Senior Notes being offered are an additional issuance of the issuers’ 9.875% Senior Notes due 2029 and will form a single series of debt securities with the $500 million aggregate principal amount of such PHH Se…

Other Events. On January 26, 2026, Onity Group Inc. issued a press release announcing that two of its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, priced their previously announced offering of 9.875% Senior Notes due 2029 in an aggregate principal amount of $200,000,000. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended, or the sec…

contains references to adjusted pre-tax income and adjusted return on equity, which are financial measures that are not prepared or calculated in accordance with generally accepted accounting principles (“GAAP”). The Company believes these non-GAAP financial measures are useful supplements to discussions and analysis of Onity’s financial condition because management uses them to assess the financial performance of its operations and allocate resources. However, these measures should not be an…

Director — Dawn C. Morris: Ms. Morris was appointed as a new director.

Entry into a Material Definitive Agreement. On November 17, 2025, Onity Group Inc. (“Onity” or the “Company”), through its wholly-owned subsidiary PHH Mortgage Corporation (“PHH”), entered into a series of agreements with Finance of America Reverse LLC (“FAR”) pursuant to which it will sell its reverse mortgage servicing portfolio and certain reverse originations assets. PHH has agreed to sell reverse mortgage servicing rights (“MSRs”) comprised of approximately 40,000 Ginnie Mae home equity…

and the information in the related exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Termination of a Material Definitive Agreement. On October 31, 2025, Rithm Capital Corp. (“Rithm”), one of Onity Group Inc.’s (“Onity” or the “Company”) largest subservicing clients, notified the Company that it does not intend to renew its subservicing agreements effective January 31, 2026. The termination is for convenience and not for cause. Onity provides services to Rithm and its subsidiaries under the Subservicing Agreement by and between PHH Mortgage Corporation, as successor-by-merger…

Director — DeForest B. Soaries, Jr.: Dr. DeForest B. Soaries, Jr. is retiring from the Board of Directors after 11 years of service.

and the information in the related exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

and the information in the related exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

and the information in the related exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant. The information set forth under

Termination of a Material Definitive Agreement. As described in

Entry Into a Material Definitive Agreement 9.875% Senior Notes due 2029 of PHH Corporation and PHH Escrow Issuer LLC As previously reported, on November 6, 2024, Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, announced that its subsidiary PHH Escrow Issuer LLC (the “Escrow Issuer”) completed the issuance and sale of $500 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “PHH Notes”). The PHH Notes were issue…