Latino Home Ownership Rate Continues to Grow (Podcast)
Bloomberg Radio’s Denise Pellegrini interviews NAHREP Co-Founder & CEO Gary Acosta on how the Latino home ownership rate continues to grow.
Gary Acosta: The Story Behind L’ATTITUDE
Gary Acosta is a tall man. Speaking literally, he is six-foot-three-inches in height. Speaking figuratively, he sees eye to eye with giants. “I’ve always been attracted to people who have the capacity to unabashedly think big,” Acosta says.
How Diversity Pays Off for Lenders
This article ran as the cover story in Mortgage Compliance Magazine, discussing how focusing on diverse markets in recruiting and marketing is an economic imperative.
Commentary: CFPB needs to lift restrictions that discourage minority home buying
Co-Founder and CEO Gary Acosta teams up with Urban Institute’s Jim Parrott and Moody’s Analytics’ Mark Zandi in this Washington Post editorial calling for updated loan qualification models to better capture minorities’ ability to repay.
Coalition urges CFPB to ditch DTI requirement for qualified mortgages
A broad coalition of mortgage-industry groups and lenders is calling for the Consumer Financial Protection Bureau (CFPB) to remove the debt-to-income (DTI) ratio requirement from the ability-to-repay standard for qualified mortgages.
NAHREP’s Limon outlines concerns with GSE patch expiration
SVP of Public Policy and Industry Relations Noerena Limón discusses with Scotsman Guide the detriment to Latino homeownership opportunities, should alternative mortgage qualification options from “the patch” expire.
Wave of Hispanic Buyers Shores Up U.S. Housing Market
NAHREP Co-Founder & CEO Gary Acosta is quoted in this article covering the massive role Latinxs play in growing the U.S. housing market! Read the original article at the Wall Street Journal. While Hispanics compose only 18% of the U.S. population, the group accounted for nearly 63% of new U.S. homeowner gains over the past decade, according to the National Association of Hispanic Real Estate Professionals. New homeowners include people buying first homes and those coming back into the market after a foreclosure.
Mortgage and banking groups express concern over efforts to derail an overhaul of Fannie Mae and Freddie Mac
Fifteen mortgage and banking groups expressed concern that there are efforts to derail a comprehensive overhaul of mortgage giants Fannie Mae and Freddie Mac. The groups on Thursday wrote a letter to Treasury Secretary Steven Mnuchin and Mel Watt, director of the Federal Housing Finance Agency, calling on them to help usher through bipartisan legislation in Congress…
Coach Earl Watson Honored with Latino Vanguard Award
The National Association of Hispanic Real Estate Professionals (NAHREP) has honoredPhoenix Suns Head Coach Earl Watson as this year’s recipient of the Latino Vanguard Award. The Latino Vanguard Award recognizes artists, authors and public figures who have transcended barriers in their lives and careers and whose contributions have elevated the image and quality of life…
Latino Millennials’ Home Ownership Is Key for Housing Market Growth
SAN ANTONIO — For Michael Alfaro, 29, who was recently married, home is a rent-controlled Los Angeles apartment while he and his wife save for a home. For Pamela Cervera, 30, and her boyfriend, it’s a condo they purchased together in Washington. The two millennials may not know it, but both are on the front…