11/21/2024 | Press release | Distributed by Public on 11/21/2024 15:16
Item 8.01 Other Events
As previously disclosed, pursuant to the terms of prior amendments to subservicing agreements between Onity Group Inc. ("Onity") and Rithm Capital Corp. ("Rithm"), if by November 15, 2024 Rithm did not provide notice to Onity of non-renewal of the agreements, the agreements would automatically renew for an additional one-year period ending December 31, 2025. On November 15, 2024, the parties further extended the date by which Rithm must provide notice of termination to November 22, 2024. The current term of the subservicing agreements ends February 1, 2025.