Wall Street Journal; Wotapka, Dawn

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.

Fain takes the helm on September 28^th with a focus on assisting more Americans with job loss protections on their mortgages.

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