Onity Group Seeks Judicial Clarification of New York Mortgage Servicing Regulation, Issues Statement
Onity Group Inc. (NYSE: ONIT) filed a lawsuit in federal court seeking clarification on a New York mortgage servicing regulation regarding optional expedited payment fees. The company argues the regulation lacks clear definitions and standards. Onity offers these fees as optional, with advance disclosure and consent. The company has reduced these fees and cooperates with regulators. Onity is a leading non-bank financial services company specializing in mortgage servicing and originations.





