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Gary Acosta

Gary Acosta is a member of the Consumer Advisory Board, three time director of the Mortgage Bankers Association, and CEO of the National Association of Hispanic Real Estate Professionals. He also served on the advisory boards for FNMA and FNMC or Fannie Mae and Freddie Mac, two housing giants which collapsed during the financial crisis. NAHREP lobbied Fannie Mae and Freddie Mac for more “culturally appropriate” lending standards to housing foreclosures. In an interview with the Contra Costa Times, Acosta stated, “Subprime lenders are absolutely irresponsible in the way they lent money to prospective home buyers…”