FirstAm Launches New RE Unit

The First American Corp., Santa Ana, Calif., has launched a new business unit, First American Residential Real Estate Group Inc., and named Stephen C. Roney as its president and chief executive officer.The new company will provide products, services, technology, and outsourcing to companies serving the real estate and relocation markets. First American said Mr. Roney formerly held various positions with Coldwell Banker, where he was named president and chief executive officer of Coldwell Banker Relocation Services Inc. in 1989 and elected to the board of directors of Coldwell Banker Real Estate Group in 1990. In 1997, after Coldwell Banker's acquisition by what is now Cendant Corp., Mr. Roney began providing executive consulting services to the company. First American can be found online at http://www.firstam.com.