Onity Group ONIT New York — Advances
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Where this comes from
Reported directly by Onity Group in its filing.
Tagged under the XBRL concept ocn:AdvancesPaymentsOnBehalfOfBorrower.
The official record: Onity Group’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Onity Group's new york — advances?
- Onity Group (ONIT) reported new york — advances of $26.5M in Q4 2025.
- What does new york — advances mean?
- This metric represents the total outstanding balance of funds advanced by the servicer on behalf of borrowers to cover property taxes, insurance premiums, or mortgage payments in the New York geographic region. These advances are typically recoverable from future borrower payments or property liquidation proceeds, representing a critical component of servicing liquidity and capital deployment. Monitoring this balance helps investors assess the servicer's exposure to regional liquidity requirements and the potential for credit risk within the specific New York mortgage portfolio.