Gary Acosta’s Blog

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

Searching for Latino Unicorns

Capital flows towards growth, so one of the biggest mysteries in the history of capitalism is how little capital has flowed to the U.S. Latino cohort. The Stanford Latino Entrepreneurship Initiative (SLEI) says if Latino entrepreneurs had access to a proportional amount of capital as the overall market, it would add $1.5 Trillion to the…

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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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