MBA Awards Gary Acosta Investing in Communities Award

CHICAGO, IL – October 23, 2012 – (RealEstateRama) — Gary Acosta, executive chairman of New Vista Asset Management and co-founder of the National Association of Hispanic Real Estate Professionals (NAHREP), was awarded the Investing in Communities Award today by the Mortgage Bankers Association (MBA). This award recognizes someone who reflects the core values of MBA members and upholds our commitment to helping U.S. communities. Mr. Acosta was presented with the award in a ceremony held at MBA’s 99th Annual Convention & Expo in Chicago.

Mr. Acosta is a 25-year veteran of the housing industry. He has galvanized the real estate finance industry by leading the nation’s only non-profit representing Hispanic homeownership. His business today creates new pathways for homeownership by generating awareness of foreclosures as affordable housing options for minorities as well as low to moderate-income families. He has led by example by building communities, promoting homeownership for Hispanic families, and helping them remain in their homes.

“MBA is proud to honor Gary with the Investing in Communities Award for his outstanding efforts and service to Hispanic communities throughout the United States,” said David Stevens, MBA’s President and CEO. “Gary has dedicated his career and his life to helping communities live, grow and thrive.”

NAHREP is the largest minority trade group in the real estate industry. NAHREP’s mission is to create sustainable homeownership in the Hispanic community through the education, empowerment and leadership of Hispanic real estate practitioners.

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site: www.mortgagebankers.org.

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