American Advisors Group CEO Reza Jahangiri joined fellow board members of the Coalition for Independent Seniors in Washington, D.C., last month to talk to Congress about the importance of reverse mortgages. As an advocacy group dedicated to the financial independence of seniors, CIS met with representatives on Capitol Hill to discuss the dynamics of the Home Equity Conversion Mortgage and the vital role FHA and HUD play in assisting seniors who want to tap into their home equity in order to age in place.
Reza Jahangiri, CEO of American Advisors Group, joined fellow board members of the Coalition for Independent Seniors in Washington, D.C., on September 20 to talk to Congress about the Home Equity Conversion Mortgage (HECM).
Jahangiri is a founding member of CIS, an advocacy group formed in 2010 that focuses on preserving the financial independence of the growing senior population. He and other members of the CIS board of directors flew to Washington to meet with 14 offices in the U.S. Senate as part of the organization’s continued effort to educate Congress about the importance of the HECM program.
The team also hosted an educational briefing for more than 33 attendees from 19 congressional offices to discuss the dynamics of the program and the important roles of FHA and HUD. Representatives from the National Council on Aging, the Mortgage Bankers Association and the National Reverse Mortgage Lenders Association also attended.
“It was an opportunity for us to educate a large number of congressional staff all at one time,” Jahangiri said. “The give and take with the audience was exciting, productive and informative. It was a very efficient way to educate and we certainly plan to do more of these, perhaps even on a larger scale.”
CIS visits D.C. regularly to meet with members of Congress about the HECM. The group plans to continue to hold similar briefings to discuss the importance of the program in preserving the financial independence of the senior population.
American Advisors Group is a leader in the reverse mortgage industry. Its primary mission is to attain the highest level of customer satisfaction by helping seniors improve their lives and age in place. AAG is known for its drive for innovation and excellence and its commitment to serving the senior community.
AAG is A+ rated by the Better Business Bureau, a member of the National Reverse Mortgage Lenders Association and an Approved Lender by the U.S. Department of Housing and Urban Development.
For more information about AAG and reverse mortgages, visit AAG.com.