SEC FORENSICS
Public Company Risk Record
This page is a fact-based research file built from SEC filings and federal dockets. It is designed as a working record for lawyers, journalists, and investigators. Every claim below is tied to a source link.
Date stamp: February 12, 2026. Market-price comparison below uses ONIT last price available in this environment: $41.15.
Core regulations to cite: CFPB Regulation X successor framework (12 CFR § 1024.30), error-information-request process and servicing requirements (including 12 CFR § 1024.38). Useful when heirs were treated as liable borrowers without assumption.
Use a targeted RESPA written request under 12 U.S.C. § 2605(e) to demand payment history, note/assignment records, servicing transfer data, and successor determination records. Pair with FCRA dispute records where tradelines were furnished inaccurately.
The Wigod v. Wells Fargo line is often used for claims tied to trial/permanent-modification promises and breach theories where servicer conduct diverges from represented modification outcomes.
Cases like Yvanova v. New Century Mortgage and current filings such as Bell v. HSBC are used to test assignment standing, trust transfer timing, and chain-of-title defects in foreclosure contexts.
This toolkit is a research framework. Counsel should validate venue-specific standards and current controlling authority before filing.
Inference note: market value figure above is a simple arithmetic estimate from latest available price and shares outstanding; it is not the company’s reported official market cap line item.
The filing references a $27.7M legal and regulatory accrual and lists active claim categories including payment processing/payment convenience fees, loan modifications and loan assumptions, and untimely recording of mortgage satisfactions.
Counsel relevance: issuer acknowledged these are ongoing litigation/risk categories while the company remained an SEC-reporting issuer.
Onity disclosed non-renewal by its largest subservicing client, stating affected agreements represented about 10% of UPB, 20% of loan count in total servicing/subservicing, and around 55% of delinquent loans serviced as of Sept. 30, 2025.
Counsel relevance: concentration and delinquency-exposure shifts can be material to valuation assumptions and forward guidance credibility.
Company disclosed sale of reverse MSRs tied to approximately 40,000 HECM loans, with estimated cash proceeds around $189M pre-adjustment and expected $100M-$110M net after adjustments and warehouse-financing repayment.
Counsel relevance: highlights reliance on asset transactions and financing-side adjustments to manage liquidity profile.
Two 8-K filings disclose closing/issuance details for an additional $200M of 9.875% Senior Notes due 2029.
Counsel relevance: debt layering at high coupon while litigation categories remain active can become central to disclosure-materiality arguments.
Summary Compensation Table totals reported for named executives:
| Executive | 2024 Salary | 2024 Total Compensation |
|---|---|---|
| Glen A. Messina (CEO) | $1,000,000 | $8,448,459 |
| Sean B. O'Neil (CFO) | $550,000 | $2,338,817 |
| Scott W. Anderson | $500,000 | $2,089,869 |
| Dennis Zeleny | $500,000 | $2,085,869 |
| Aaron D. Wade | $432,945 | $1,846,143 |
These are reported compensation figures from the company’s proxy filing, not allegations.
This is a factual research framework, not an accusation that any specific securities-law violation has been proven.