Newday Usa Taps Ex-fha Chief Brian Montgomery As Vice Chairman

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.