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In the News

FOA completes deal for Onity reverse mortgage assets, adding $5.2B in UPB

Deal highlights continued consolidation in reverse mortgages and the pursuit of servicing scale in home equity-based retirement solutions.

Onity Mortgage marks a new era: Glen Messina on rebranding, growth and technology-driven transformation

In a conversation with HousingWire’s Allison LaForgia, Onity Group Chair, President and CEO Glen Messina outlined the company’s transformation and the significance of rebranding PHH Mortgage to Onity Mortgage.

Onity Group Rebrands PHH Mortgage as Onity Mortgage

West Palm Beach, Florida-based Onity Group Inc. (NYSE: ONIT) announced that its mortgage subsidiary has started operating under a new name, Onity Mortgage Corp., replacing its former name, PHH Mortgage Corp.

Onity rebrands PHH Mortgage to align with parent company

Rebrand expected to be effective March 23, 2026.

Onity Group adds a former Truist executive to c-suite

Onity Group has named Aulene Wessel, a former executive vice president at Truist, as a new member of its leadership team.

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