Onity originated $166 million in reverse mortgages in Q2 2025, down from previous quarters. The margins were at 367 basis points, slightly lower than the prior quarter but higher year over year. The company nearly broke even in reverse originations. The reverse servicing segment experienced a $3 million loss due to valuation adjustments. The owned reverse servicing portfolio increased to $12 billion from $8 billion year-over-year, while the overall servicing portfolio totaled $307 billion, generating $31 million in income from various channels.
Onity originated $166 million in reverse mortgages in Q2 2025, marking a decrease from $176 million in the prior quarter and $184 million in Q2 2024.
The owned reverse servicing portfolio grew to $12 billion by the end of Q2 2025, up from $8 billion the previous year, reflecting strategic growth.
Onity's reverse servicing segment reported a $3 million adjusted pretax loss in Q2 2025, influenced by a valuation adjustment on buyout loans.
Onity's total average servicing portfolio reached $307 billion in UPB at the end of Q2 2025, generating $31 million in income across various channels.
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