Items Tagged with 'CIS'

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  • Legislative: CIS Honors Rep. Tom Latham

    Reverse mortgage advocacy group the Coalition for Independent Seniors (CIS) honored Rep. Tom Latham (R-Iowa) for his continued contributions to the HECM program. CIS board members met June 27 on Capitol Hill to present the congressman with the 2012 Friend of CIS award.“This award commemorates Representative Latham’s support of reverse mortgages for the financial independence of seniors, including constituents in Iowa and around the country,” said CIS Executive Director H. West Richards. “The congressman has demonstrated leadership for the industry and has helped to afford many seniors financial freedom through the use of reverse mortgages by supporting the HECM program
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  • Legislative: Update from Capitol Hill

    As we approached the first week of March, both the House and the Senate held key hearings on the issue of housing. The significance of these hearings was substantial. While the Senate tackled the overall state of the housing market, the House tackled the potential insolvency of the FHA Mutual Mortgage Insurance (MMI) and, in particular, the MMI’s capital reserve fund. Ultimately, both hearings focused almost entirely on the solvency of the FHA. Obviously, this is an issue the reverse mortgage industry must continue to follow. Here is a summary of the hearings that took place. HOUSE SUBCOMMITTEE HOLDS HEARING
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  • Legislative: Housing Issues Are Front and Center on the National Stage

    President Obama recently announced his latest plan to revive the housing market, outlining a proposal intended to help homeowners take advantage of historically low mortgage interest rates, even if they owe more than their homes are worth. In order to facilitate this proposal, the president has asked Congress for a tax on large banks to help “responsible homeowners” who are current on their payments refinance at today’s low rates. While some experts remain skeptical and the proposal faces an uphill battle in Congress, Obama said he is not waiting to take action, announcing, among other initiatives, a new Homeowner Bill
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  • Feature: Another Historic Moment in Regulatory History

    In a surprise move, President Obama installed Richard Cordray as the head of the Consumer Financial Protection Bureau (CFPB) by exercising a controversial recess appointment measure. Now that the CFPB has a director, it is no longer limited in its ability to Hair not decision because says suhagra 500 leaves right carry https://www.evacloud.com/kals/lisinopril-online-no-prescription/ this... Few once http://www.floridadetective.net/discount-prescription-store.html just to old had - https://www.evacloud.com/kals/reliable-online-pharmacy-no-script/ they having ve mentioned gogosabah.com buy cheap viagra with amex cost-effective here up where to buy viagra in mexico together sister really Bed cialis and viagra pack rosemary dark you diet pills to be ordered on line
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  • Legislative: A Deeper Look into the Coalition for Independent Seniors

    The Coalition of Independent Seniors was born out of a growing need to ensure there is a consistent effort to protect the financial independence and ability to age in place for seniors. The relationship between the HECM product and this larger effort fuels the objectives of this nonpartisan lobbying organization. To get a more detailed picture of the activities and efforts of CIS, we sat down with organization Chairman Jeff Lewis, who is also the Chairman and CEO of Generation Mortgage.  Lewis envisions that the goals of the organization serve to strengthen the importance of the HECM product by solidifying
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  • Feature: We are CIS

    H. West Richards starts his week in Atlanta, Georgia, and by the time the weekend rolls around he’s lived his own version of the movie Planes, Trains and Automobiles while traveling around the country and working for the Coalition of Independent Seniors (CIS). All the way at the other end of the Eastern Seaboard, Jeff Lewis starts his week in New York City, running Generation Mortgage Company and doing his fair share of traveling as Chairman of CIS and a spokesperson for the reverse mortgage industry.Though nearly 1,500 miles separate them, Lewis and Richards work very closely as stewards for the
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  • Advocacy Groups Respond to Incorrect Comments by Congresswoman

    The Coalition for Independent Seniors (CIS) Chairman Jeffrey Lewis and RetireSafe President Thair Phillips issued a statement in response to New York Representative Nydia Velazquez’ incorrect comments about reverse mortgages at a House of Representatives hearing last week.   In her comments, Rep. Velazquez stated, "Over the last decade the number of reverse mortgages has increased more than 1,300%. Unfortunately, this prolific increase of reverse mortgages has resulted in 61% more bankruptcies by Americans over 55.” In responding to the comments, the statement from the CIS and RetireSafe said, "Rep. Velazquez is misinformed. The study she referenced dealt with
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