Metrocities Rehires Co-founder

John W. Stewart, a co-founder of Metrocities Mortgage LLC, Sherman Oaks, Calif., and former executive at Countrywide Home Loans, has been rehired by Metrocities as president of strategic initiatives.Mr. Stewart will work in collaboration with Metrocities' retail divisional presidents and senior executives in managing the company's national strategic business development plan, Metrocities said. Most recently a managing director of strategic business development at Countrywide, Mr. Stewart co-founded Metrocities in 1989 and helped form the company's Affiliated Business Arrangement joint venture program, Metrocities said.