Newday Usa Appoints Michael Gaines As Evp, Capital Markets

NewDay USA has hired Michael Gaines as executive vice president of capital markets. Gaines confirmed the news on his LinkedIn account in a post on Dec. 6.

“In my first week, I’ve seen firsthand the incredible commitment to serving veterans, service members and their families. I look forward to contributing to this mission and leading our capital markets efforts to support those who have served,” Gaines wrote.

Gaines, who is based in Detroit, joins NewDay USA from Cardinal Financial Company, where he served as SVP, Capital Markets. He has also held former positions at Rocket Mortgage, General Motors and Quicken Loans.

NewDay did not respond to HousingWire’s request for comment by the time of publication.

Gaines’ appointment follows other leadership changes at the Florida-based company, which last month appointed Ken Harthausen and Neil Brooks to lead its new mortgage program, NewDay Home.

The program lets qualifying borrowers with steady employment, strong credit and sufficient income to secure a fully underwritten U.S. Department of Veterans Affairs (VA)-backed mortgage with no money down and competitive rates.

Those without cash for closing costs can use a companion product, NewDay Advantage, which finances those expenses over five years and charges no interest if the balance is repaid within a year.

NewDay USA specializes in home loans and refinances for U.S. veterans and their families. The company operates as a trade name of New Day Financial LLC, a key holding of Chrysalis Holdings LLC. Per Modex data, the company has a year-to-date (January 2025 through October 2025) production volume of $1.72 billion.