NewDay Experiencing New Growth in Servicing

""NewDay Financial"":www.newdayveterans.com/ has another reason to celebrate, announcing that the company's servicing portfolio has ballooned to more than $500 million in government loans. News of the entity's growth within its servicing sector directly follows NewDay's recent honor from the ""National Coalition for Homeless Veterans"":www.nchv.org/, which named NewDay as the recipient of its annual Corporate Partner award.

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NewDay has only been providing service for government loans during the past two years, and to date, the company has serviced more than 3,000 loans. The national VA and reverse mortgage lender has also noted that its rate of seriously

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delinquent loans is well below the national average, owing to NewDay's use of data analytics and information technologies.

The nationwide mortgage lender was recently approved by ""Ginnie Mae"":www.ginniemae.gov/, and the company shared the details of its overall gains in the servicing segment at the recent ""Mortgage Bankers Association Convention & Expo"":www.mbaa.org/. According to an internal statement, NewDay's portfolio is comprised primarily of ""VA"":www.homeloans.va.gov/ loans, which make up 85 percent of the total, and ""FHA"":www.fha.gov/ loans, which account for the remaining 15 percent.

Bruce Giacoma, NewDay's chairman, commented on the company's growth, saying, ""When NewDay became Ginnie Mae approved, we were already equipped with the talent and knowledge to securitize and service loans, positioning us for this quick and ongoing progression. By using strong analytics, we can originate and service the best quality loans and continually grow our portfolio on a monthly basis. This milestone represents NewDay's continued dedication to working with veterans, ensuring they have a solid opportunity to achieve and maintain homeownership.""

NewDay functions as the exclusive provider of mortgage lending for ""Veterans of Foreign Wars"":www.vfw.org/ members, and additionally, the company is a ""HUD"":www.hud.gov/-approved reverse mortgage lender. In 2010, NewDay was named among the top 10 providers of reverse mortgages in the U.S.