"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."
Gaines, based in Detroit, joins NewDay USA from Cardinal Financial Company, where he served as SVP, Capital Markets. He previously held roles at Rocket Mortgage, General Motors and Quicken Loans. Gaines' appointment follows other leadership changes at the Florida-based company, which appointed Ken Harthausen and Neil Brooks to lead NewDay Home. NewDay Home offers qualifying borrowers fully underwritten VA-backed mortgages with no money down and competitive rates. NewDay Advantage finances closing costs over five years and charges no interest if repaid within a year. NewDay USA specializes in home loans and refinances for U.S. veterans and recorded $1.72 billion production year-to-date.
Read at www.housingwire.com
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