NewDay
USA
announced
Friday
that
it
has
appointed
former

Federal
Housing
Administration
(FHA)
Commissioner

Brian
D.
Montgomery
as
vice
chairman
of
the
company’s
advisory
board,
effective
immediately.

Montgomery
is
the
only
individual
to
serve
as
FHA
commissioner
twice,
across
three
presidential
administrations:
George
W.
Bush,
Barack
Obama
and
Donald
Trump.
He
also
served
as
deputy
secretary
of
the

U.S.
Department
of
Housing
and
Urban
Development
(HUD)
during
Trump’s
first
term,
overseeing
the

FHA
and


Ginnie
Mae,
and
helping
manage
the
department’s
$60
billion
budget
and
more
than
$55
billion
in
supplemental
disaster
recovery
funding.

Earlier
in
his
career,
Montgomery
served
in
the
Executive
Office
of
the
President
under
Presidents
George
H.
W.
Bush
and
George
W.
Bush,
including
as
deputy
assistant
to
the
president
from
2001
to
2005.

NewDay
USA
CEO
Rob
Posner
said
Montgomery’s
experience
in

federal
housing
finance
will
support
the
company’s
mission
of
serving
veterans
and
service
members.

“Brian’s
record
of
leadership
at
the
highest
levels
of
federal
housing
finance
speaks
for
itself,”
Posner
said
in
a
statement.
“It
is
an
honor
to
have
him
join
us
at
NewDay
and
be
part
of
our
mission
to
help

veterans
and
service
members
achieve
the
American
Dream
of
homeownership.
As
we
continue
to
set
new
standards
and
raise
the
bar
for
how
the
mortgage
industry
serves
our
nation’s
heroes,
Brian
will
play
a
critical
role
and
bring
considerable
expertise.”

Thomas
Lynch,
executive
chairman
of
NewDay
USA,
added:
“After
a
career
in
uniform,
I
know
true
service
when
I
see
it.
Brian’s
unwavering
commitment
to
service
embodies
the
values
that
define
NewDay.
His
experience
will
be
instrumental
as
we
continue
working
with
our
nation’s
veterans
to
build
the
lives
they
have
earned
and
deserve.”

Montgomery
said
the
company’s
focus
aligns
with
his
career
in
housing
policy.

“Having
dedicated
my
career
to
advancing
responsible
lending
and
expanding
access
to
homeownership,
I
can
say
with
confidence
that
NewDay
is
grounded
in
purpose,
integrity,
and
a
deep
understanding
of
military
life,”
Montgomery
said.
“Their
disciplined
approach
to
credit
risk
and
remarkably
low

delinquency
rates
underscores
their
commitment
to
serving
veterans,
service
members
and
their
families.”

Montgomery’s
appointment
follows
other
recent
changes
at
the
company,
which
operates
as
a
trade
name
of

New
Day
Financial
LLC,
a
key
holding
of

Chrysalis
Holdings
LLC.

In
November,
the
company appointed

Ken
Harthausen
and
Neil
Brooks to
lead
its
new
mortgage
program,

NewDay
Home.
In
December,
the
company

hired
Michael
Gaines
as
executive
vice
president
of
capital
markets.