# EDGAR Filing Document

**Accession Number:** 0000873860
**File Stem:** 0001493152-26-004752
**Filing Date:** 2026-2
**Character Count:** 20152
**Document Hash:** fccf01032a0002d01d402e00f3157de0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-004752.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0001493152-26-004752

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260130

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ONITY GROUP INC.
- **CENTRAL INDEX KEY:** 0000873860
- **STANDARD INDUSTRIAL CLASSIFICATION:** MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 650039856
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13219
- **FILM NUMBER:** 26588058

**BUSINESS ADDRESS:**
- **STREET 1:** 1661 WORTHINGTON ROAD
- **STREET 2:** SUITE 100
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33409
- **BUSINESS PHONE:** 561-682-8000

**MAIL ADDRESS:**
- **STREET 1:** 1661 WORTHINGTON ROAD
- **STREET 2:** SUITE 100
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33409

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OCWEN FINANCIAL CORP
- **DATE OF NAME CHANGE:** 20110301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OCWEN FINANCIAL Corp
- **DATE OF NAME CHANGE:** 20110224

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OCWEN FINANCIAL CORP
- **DATE OF NAME CHANGE:** 19960516

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): January 30, 2026

**ONITY GROUP INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Florida** | **1-13219** | **65-0039856** |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |

---

**1661 Worthington Road, Suite 100**

**West Palm Beach, Florida 33409**

(Address of principal executive offices)

Registrant's telephone number, including area code: **(561) 682-8000**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.01 Par Value | ONIT | New York Stock Exchange (NYSE) |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 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"), by and between the Escrow Issuer and Wilmington Trust, National Association, as trustee (the "Trustee") and collateral trustee (the "Collateral Trustee"), as amended by the Supplemental Indenture, dated November 27, 2024, among PHH, the guarantors party thereto, the Trustee and the Collateral Trustee (the "First Supplemental Indenture"), as supplemented by the Second Supplemental Indenture, dated as of January 30, 2026, among the Issuers, the guarantors party thereto, the Trustee and the Collateral Trustee (the "Second Supplemental Indenture" and the Original Indenture, as amended and supplemented by the First Supplemental Indenture and the Second Supplemental Indenture, the "Indenture"). The PHH Senior Notes issued on January 30, 2026 are an additional issuance of the Issuer's 9.875% Senior Notes due 2029 and will form a single series of debt securities with, and vote on any matter submitted to holders with, the $500.0 million aggregate principal amount of such PHH Senior Notes that were originally issued on November 6, 2024 under the Original Indenture as amended by the First Supplemental Indenture.

A copy of the Second Supplemental Indenture is attached to this Current Report as Exhibit 10.1, and is incorporated by reference herein. The foregoing summary description of the PHH Senior Notes and the Second Supplemental Indenture is not intended to be complete and is qualified in its entirety by reference to the complete text of such document. For a more complete description of the PHH Senior Notes and the Indenture, see Onity's Current Reports on Form 8-K filed with the Securities and Exchange Commission on November 6, 2024 and December 3, 2024, including a copy of the Original Indenture, the First Supplemental Indenture and the Pledge and Security Agreement filed as an exhibit thereto.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.**

The information set forth under Item 1.01 above is hereby incorporated by reference into this Item 2.03.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 10.1 | [Second Supplemental Indenture, dated as of January 30, 2026, among PHH Escrow Issuer LLC, PHH Corporation, Onity Group Inc., the other guarantors party thereto, and Wilmington Trust, national association, as trustee and collateral trustee](ex10-1.htm) |
| 104 | Cover Page Interactive Data File formatted in online XBRL (included as Exhibit 101) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | ONITY GROUP INC. | ONITY GROUP INC. |
|  | (Registrant) | (Registrant) |
| Date: February 2, 2026 | By: | */s/ Sean B. O'Neil* |
|  |  | Sean B. O'Neil |
|  |  | Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

SECOND SUPPLEMENTAL INDENTURE

Dated as of January 30, 2026

Among

PHH CORPORATION

and

PHH ESCROW ISSUER LLC,

each as Issuer

THE GUARANTORS NAMED HEREIN

and

WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Trustee and Collateral Trustee

9.875% SENIOR NOTES DUE 2029

SECOND SUPPLEMENTAL INDENTURE, dated as of January 30, 2026 (this "<u>Second Supplemental Indenture</u>"), among PHH Corporation, a Maryland corporation, and PHH Escrow Issuer LLC, a Delaware limited liability company (together, the "<u>Issuers</u>"), Onity Group Inc., a Florida corporation ("<u>Parent</u>"), PHH Mortgage Corporation, a New Jersey corporation ("<u>PMC</u>"), PHH Asset Services Corp., a Delaware corporation ("<u>PAS Corp.</u>"), PHH Asset Services Parent LLC, a Delaware limited liability company ("<u>PAS Parent</u>" and, together with PAS Corp., the "<u>PAS Intermediate Parents</u>"), and PHH Asset Services LLC, a Delaware limited liability company ("<u>PAS Opco</u>" and, together with Parent, PMC and the PAS Intermediate Parents, the "<u>Guarantors</u>"), and Wilmington Trust, National Association, as trustee (the "<u>Trustee</u>") and collateral trustee (the "<u>Collateral Trustee</u>") under the Indenture referred to below.

W I T N E S S E T H:

WHEREAS, the Issuers, the Guarantors, the Trustee and the Collateral Trustee are party to an Indenture, dated as of November 6, 2024, as supplemented by the Escrow Release Date Supplemental Indenture, dated as of November 27, 2024, relating to the issuance from time to time by the Issuers of their 9.875% Senior Notes due 2029 (as so supplemented, the "<u>Indenture</u>");

WHEREAS, pursuant to the Indenture, the Issuers initially issued $500,000,000 aggregate principal amount of their 9.875% Senior Notes due 2029 (the "<u>Initial Notes</u>");

WHEREAS, pursuant to Sections 2.01(d) and 9.01(f) of the Indenture, the Issuers may provide for the issuance of Additional Notes (as defined in the Indenture) in accordance with the limitations set forth in the Indenture;

WHEREAS, the Issuers wish to issue an additional $200,000,000 aggregate principal amount of their 9.875% Senior Notes due 2029 as Additional Notes under the Indenture (the "<u>Additional Securities</u>");

WHEREAS, in connection with the issuance of the Additional Securities, the Issuers and the Guarantors have each duly authorized the execution and delivery of this Second Supplemental Indenture; and

WHEREAS, pursuant to Sections 2.01(d) and 9.01(f) of the Indenture, the parties hereto are authorized to execute and deliver this Second Supplemental Indenture to amend and supplement the Indenture, without the consent of any Holder;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuers, the Guarantors, the Trustee and the Collateral Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Capitalized Terms</u>. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Additional Notes</u>. On the date hereof, the Issuers will issue the Additional Securities. The Additional Securities issued pursuant to this Second Supplemental Indenture constitute Additional Notes issued pursuant to Section 2.01(d) of the Indenture and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, waivers, amendments, offers to repurchase, redemption or otherwise as the Initial Notes, except for the issue price, the first Interest Payment Date, which shall be May 1, 2026, the issue date of the Additional Securities, which shall be January 30, 2026, and the first date from which interest accrues on the Additional Securities, which shall be November 1, 2025. The Additional Securities shall be initially evidenced by one or more Global Notes, substantially in the form of Exhibit A to the Indenture. The Additional Securities offered and sold pursuant to Rule 144A will be fungible with the outstanding Initial Notes that are evidenced by Rule 144A Global Notes and shall be issued with same Rule 144A CUSIP number (716964 AA9) and ISIN (US716964AA94). Additional Securities offered and sold pursuant to Regulation S will not be fungible with the outstanding Initial Notes that are evidenced by a Regulation S Global Note until at least 40 days following the issue date of the Additional Securities and during such period, the Additional Securities shall be evidenced by a Regulation S Temporary Global Note with the temporary CUSIP number (U71907AB2) and temporary ISIN (USU71907AB21).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Aggregate Principal Amount</u>. The aggregate principal amount of the Additional Securities that may be authenticated and delivered pursuant to this Second Supplemental Indenture shall be $200,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Governing Law</u>. THIS SECOND SUPPLEMENTAL INDENTURE AND THE ADDITIONAL SECURITIES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS SECOND SUPPLEMENTAL INDENTURE OR THE ADDITIONAL SECURITIES, WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Severability</u>. In case any provision in this Second Supplemental Indenture or in the Additional Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Ratification of Indenture; Supplemental Indenture Part of Indenture</u>. Except as expressly amended hereby, the Indenture (including the Note Guarantees of the Guarantors contained therein) is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Second Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Additional Securities heretofore or hereafter authenticated and delivered shall be bound hereby and thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>The Trustee and the Collateral Trustee</u>. The Trustee and the Collateral Trustee make no representation or warranty as to the validity or sufficiency of this Second Supplemental Indenture or as to the accuracy of the recitals to this Second Supplemental Indenture. All of the provisions contained in the Indenture in respect of the rights, privileges, protections, immunities, indemnities, powers and duties of the Trustee and the Collateral Trustee shall be applicable in respect of this Second Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Counterpart Originals</u>. This Second Supplemental Indenture may be executed in two or more counterparts, which when so executed shall constitute one and the same agreement. The exchange of copies of this Second Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Second Supplemental Indenture as to the parties hereto and may be used in lieu of the original Second Supplemental Indenture for all purposes. The words "execution," "signed," "signature," "delivery" and words of like import in or relating to this Second Supplemental Indenture or any document to be signed in connection with this Second Supplemental Indenture shall be deemed to include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, "pdf," "tif" or "jpg") and other electronic signatures (including, without limitation, DocuSign and AdobeSign), and such signatures shall be deemed to be original signatures for all purposes. The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Headings</u>. The Section headings herein are for convenience only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Benefits Acknowledged</u>. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Additional Securities and this Second Supplemental Indenture and that the guarantee and waivers made by it pursuant to its Note Guarantee in respect of the Additional Securities are knowingly made in contemplation of such benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Successors</u>. All agreements of each Issuer and each Guarantor in this Second Supplemental Indenture shall bind their respective successors, except as otherwise set forth in the Indenture. All agreements of the Trustee and the Collateral Trustee in this Second Supplemental Indenture shall bind their respective successors and assigns.

[Signature Pages Follow]

IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed as of the date first above written.

---

| | |
|:---|:---|
| PHH CORPORATION, as Issuer | PHH CORPORATION, as Issuer |
| By: | /s/ Aaron D. Wade |
| Name: | Aaron D. Wade |
| Title: | President and Chief Executive Officer |

---

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| | |
|:---|:---|
| PHH ESCROW ISSUER LLC, as Issuer | PHH ESCROW ISSUER LLC, as Issuer |
| By: | /s/ Aaron D. Wade |
| Name: | Aaron D. Wade |
| Title: | President and Chief Executive Officer |

---

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| | |
|:---|:---|
| <u>Guarantors</u>: | <u>Guarantors</u>: |
| ONITY GROUP INC. | ONITY GROUP INC. |
| By: | /s/ Aaron D. Wade |
| Name: | Aaron D. Wade |
| Title: | President and Chief Executive Officer |

---

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| | |
|:---|:---|
| PHH MORTGAGE CORPORATION | PHH MORTGAGE CORPORATION |
| By: | /s/ Aaron D. Wade |
| Name: | Aaron D. Wade |
| Title: | President and Chief Executive Officer |

---

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| | |
|:---|:---|
| PHH ASSET SERVICES CORP. | PHH ASSET SERVICES CORP. |
| By: | /s/ Richard J. Bradfield |
| Name: | Richard J. Bradfield |
| Title: | President and Treasurer |
| PHH ASSET SERVICES PARENT LLC | PHH ASSET SERVICES PARENT LLC |
| By: | /s/ Richard J. Bradfield |
| Name: | Richard J. Bradfield |
| Title: | President and Treasurer |

---

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| | |
|:---|:---|
| PHH ASSET SERVICES LLC | PHH ASSET SERVICES LLC |
| By: | /s/ Richard J. Bradfield |
| Name: | Richard J. Bradfield |
| Title: | President and Treasurer |

---

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| | |
|:---|:---|
| WILMINGTON TRUST, NATIONAL ASSOCIATION, | WILMINGTON TRUST, NATIONAL ASSOCIATION, |
| as Trustee and Collateral Trustee | as Trustee and Collateral Trustee |
| By: | /s/ Nedine P. Sutton |
| Name: | Nedine P. Sutton |
| Title: | Vice President |

---

[*Signature Page to Second Supplemental Indenture*]