Reis Inc. reports that high jobless figures — coupled with more apartment residents seeking roommates, moving in with family or trading down to cheaper rental units — propelled the U.S. apartment vacancy rate to 7.8 percent in the third quarter, a 23-year high.

HEATHROW, FL, September 25, 2009:  Mortgage Payment Protection has named Lewis Fain as the Company’s new President.  Mr. Fain held various executive positions with General Electric (GE) and Genworth Financial over the last 30 years. “Lewis shares our vision for the future to continue to be the leader in payment protection products. His experience will play a pivotal role in our payment protection growth opportunities in consumer loans and residential mortgage markets. We are very excited to have Mr. Fain as our President”, says Mark Modarres who will now assume the role of CEO/Chairman of MPPI. Mr. Fain was previously the Senior Vice President, Equity Ventures and Mortgage Capital Markets at Genworth Financial and Chief Global Marketing Officer of Genworth Financial Mortgage Insurance and Senior Vice President of Mortgage Insurance Strategic Planning at GE Capital.