iOwn Inc., an Internet mortgage company, named Paul Holmes president. Mr. Holmes, 49, was president and chief executive officer of Mellon Mortgage Co., which Mellon Bank recently agreed to sell to Chase Manhattan Corp.'s home loan unit.

He succeeds Ned Hoyt, who will remain CEO of iOwn.

Before working at Mellon, Mr. Holmes was chief operating officer of EurekaBank for six years, overseeing mortgage credit operations and servicing. He also held management positions at BancBoston Mortgage and Bank of America.

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