People

C-BASS, a firm that specializes in servicing and securitizing credit-sensitive residential mortgages, has hired Peter Cerwin as a managing director in the capital markets group.Mr. Cerwin's responsibilities at C-BASS include working on new business opportunities and executing transactions from a capital markets perspective. He will report to John Draghi, chief investment officer. Mr. Cerwin joins C-BASS after four years as a director in the securitized products group at Deutsche Bank Securities.

Robert Lewis, currently senior vice president of institutional lending sales, has assumed a new leadership role in wholesale lending as division manager for the Central Region at Wells Fargo Home Mortgage.Wells also has confirmed that it has hired David Stevens, previously a senior vice president at Freddie Mac, to lead the sales, institutional lending branch operations and client support functions in its wholesale business line. MortgageWire had learned on May 23 that Mr. Stevens had left Freddie for the post at Wells. Prior to joining Freddie Mac in 1998, Mr. Stevens was a group senior vice president and national loan manager at World Savings of Oakland, Calif. He is based at Wells Fargo's McLean, Va., wholesale office. Institutional lending works with mortgage brokers, bankers and mortgage companies to buy and close their mortgage loans.

Geoffrey G. Jervis has been named chief financial officer, treasurer, and secretary of Capital Trust Inc., a New York City-based investment management company that focuses on the subordinate debt markets of U.S. commercial real estate.Mr. Jervis, 34, was most recently director of capital markets and has held various posts with Capital Trust since 1999. In his new position, he will retain his capital markets responsibilities as well as assume responsibility for the company's finance department, Capital Trust said.

Thomas M. Herzog has been named to succeed Paul J. McAuliffe, who will step down as chief financial officer of Apartment Investment and Management Co. in the first quarter of next year.Mr. McAuliffe joined AIMCO, a Denver-based real estate investment trust, in 1999 as an executive vice president and assumed the role of chief financial officer in October of that year, the company said. He has said he plans to return with his family to his native New Jersey, and he will serve AIMCO as an EVP in various capital market activities. Mr. Herzog is currently AIMCO's chief accounting officer, and the REIT said it will undertake an executive search for a replacement. Mr. Herzog was previously chief accounting officer and global controller at GE Real Estate.

Barry Botruff has been named to the newly created position of chief operating officer of TransUnion Settlement Solutions, a Chicago-based provider of real estate services.Mr. Botruff was most recently executive vice president of the U.S. Information Services group of TransUnion, the parent company of TransUnion Settlement Solutions. The subsidiary can be found on the Web at http://www.transunionssi.com.

Citing its plan for "an orderly board transition," Freddie Mac has announced that longtime director John B. McCoy will not stand for re-election to its board of directors at the July 15 stockholders' meeting.The plan is being carried out with the approval of the Office of Federal Housing Enterprise Oversight, the company's regulator, which has adopted corporate governance regulations relating to director term limits, Freddie Mac said. "John has been a stalwart of the Freddie Mac board since 1990," said Richard F. Syron, chairman and chief executive officer of the government-sponsored enterprise. "He has provided wise counsel through thick and thin, and has been a key figure in the organization's turnaround."

William R. Flatt has been named executive vice president, chief financial officer, and secretary of Parkway Properties Inc., a real estate investment trust based in Jackson, Miss.Mr. Flatt was most recently vice president and asset manager for the office REIT's Chicago and Phoenix markets. Before that, he was vice president of investor relations. Parkway Properties can be found on the Web at http://www.pky.com.

Mark Hughes has been named president of the Bohan Group, a San Francisco-based provider of risk analysis for the mortgage industry.Mr. Hughes, who will retain his title of chief operating officer, has been an executive vice president of Bohan for four years. Before joining the company, Mr. Hughes spent 12 years in the mortgage department of Solomon Smith Barney (now Citigroup). Bohan provides due diligence, and it recently expanded its services to include regulatory compliance reviews and software as well as a Southern California mortgage fulfillment center. Paul Bohan, the company's chairman and chief executive officer, said Mr. Hughes "will be key in the expansion of our fulfillment center in Southern California, as well as forging new partnerships with other service providers." The company can be found online at http://www.bohangroup.com.

Tim Anderson, executive vice president of business development of Minneapolis-based Dexma Inc., has been elected to the Governance Committee of the Mortgage Industry Standards Maintenance Organization.Mr. Anderson has over 25 years of mortgage banking technology and management experience and is credited with creating the eMortgage Alliance that supports MISMO standards for delivering legal paperless processes. MISMO was established by the Mortgage Bankers Association to coordinate the development and maintenance of Internet-based Extensible Markup Language real estate finance specifications. The Governance Committee is made up of 16 representatives from MISMO subscriber organizations, including two origination technology companies. Mr. Anderson will serve a two-year term.

Max Harris has been named executive vice president of NextAce Corp., a privately held technology company based in Tustin, Calif., that serves title insurance companies and mortgage lenders.Mr. Harris was recently president of REIData, a subsidiary of Stewart Information Services Corp. Before that, he was president of NationsData, a subsidiary of Tyler Technologies in Dallas, and vice president of TRW-REDI, now known as Data Trace, according to NextAce. The company can be found on the Web at http://www.nextace.com.