Gary Acosta’s Blog

Featuring Gary’s take on the economy, politics, sports and Latino culture

Brian Montgomery, not Joe Biden is the reason DACA Recipients are FHA Eligible

In June of 2019, Len Wolfson, HUD’s then Assistant Secretary for Congressional and Intergovernmental Affairs, wrote a letter to Congressman Pete Aguilar of California that stated individuals with DACA status remained ineligible for FHA loans. This sent shock waves through the mortgage lending industry because many lenders had been originating FHA loans for DACA recipients…

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Chi-Chi Rodríguez at the Masters

I recently stumbled on this 70s photo of Puerto Rican legend, Chi-Chi Rodríguez and his caddie, John Lynch at the Masters Golf Tournament held in Augusta, Georgia. Rodríguez, who turned 85 last October, was one of my favorite athletes growing up. It’s a great photo, but the back story is even more interesting. At the…

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Mortgage Icon Stanford Kurland Dies

Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. The Wall Street Journal wrote about Kurland’s career focusing on his conflicts with Countrywide Financial founder, Angelo Mozilo. While Mozilo was a scrappy and flashy entrepreneur from the Bronx, Kurland was a polished former accountant from Los Angeles. Kurland famously left…

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I Survived COVID

COVID-19 got into our household during the holidays. We had a small gathering on Christmas of only immediate family, and within a few days we all had the virus. We still don’t know how we got infected. While most of us were lucky enough to have only mild symptoms, it was still very scary. Six…

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Frank Amadeo RIP

I woke up on Saturday to some tragic news. Frank Amadeo, the president of Estefan Enterprises, passed away after suffering a heart attack on Friday night. He was 57 and in good health. When Emilio became a partner at L’ATTITUDE LLC, I became close to the family, but my working relationship was primarily with Frank.…

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Big Companies Can Help Close America’s Wealth Gap, but it Won’t Happen Without a Strong Push

For years I have been talking to corporations about the growth and profit opportunity of the Hispanic market. Factually speaking, Hispanics are the youngest and fastest-growing demographic segment in our economy. In the housing sector, Hispanics account for about 50% of the homeownership growth in America. The numbers are big and the opportunity is clear.…

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