As the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust, the total compensation of Stanford Kurland at Pennymac Mortgage Investment Trust is $15,070,800. In summary, during the past 3 months, insiders sold 209,674 shares of PennyMac Financial Services Inc (PFSI) in total and bought 0 shares, with a net Other transactions such as conversion of derivative security or exercise of options are not included. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, 50% off + free delivery on any order with DoorDash promo code, Wayfair promo code: 10% off any single purchase, 60% off running shoes and apparel at Nike without a promo code, Extra $5 off your order with GameStop promo code. He died way too young he was almost ego-less humble yet brilliant," former Mortgage Bankers Association CEO Dave Stevens posted on Twitter. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. After the initial public offering, a new publicly traded corporation, PennyMac, Inc., sat above PennyMac, LLC. For non-personal use or to order multiple copies, please contact Stanford Kurland is 67, he's been the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust since 2020. He understood who Angelo was and what his contributions were, and a there was no evident competition between them. Kurland went on to found PennyMac Loan Services which today has a market cap of about $5 Billion. Kurland was nonexecutive chairman at the time of his death. purchase helped to build and shape, PennyMac President and CEO David Spector said in It was really tragic to read this this morning, DCMG founder and CEO Brian Hale said. [5], Both were architects of the strategy for countrywide, but Kurland was responsible for installing the strategic planning methodology and process that I had introduced to the firm. . toggle navigation Kurland, PennyMacs non-executive chairman, died from complications related to Covid-19 as he was battling brain cancer, the firm said Monday in a statement. also After retirement, Kurland and his wife, Barbara, divided time between their homes in Bartlesville, Oklahoma and Sanibel Island, Florida . Ped Nephrology;1994; 8:290-249. October 10, 2018, 4:38 AM Tracey Kurland is the daughter of Stanford Kurland who is said to be worth $200 million. While Black-owned residential properties increased in value by 42.5%, compared with 38.2% for all houses, Nicole Bachaud, senior economist with the company noted that "we're still a long way from housing equity.". Rather, beyond that inflection or tipping pointpoint,what I have termed a leadership molecule is now required. servicer of mortgages, is the seventh-largest public company based in the tri-county The estimated Net Worth of Stanford L Kurland is at least $167 Million dollars as of 20 January 2021. call 0094715900005 Email mundir AT infinitilabs.biz. Doreen M. (Reardon) Galvin. Complications from COVID-19 whilst battling brain cancer. Stanford University ROBERT KURLAND OBITUARY Robert A. Stanford L Kurland Obituary, JavaScript is disabled. - click link to read.. The company generates the majority of revenue from its mortgage banking business. In addition, in just a few years after his departure some of the key organizational initiatives he championed were either neglected or were (unfortunately, there seems no better word to describe it) bastardized, not by Mozilo but by others with lesser capability than either Mozilo or Kurland. of 188,485 shares made by David Spector sale PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. Timothy Cloughesy, M.D., Director of the UCLA Neuro-Oncology Program and Professor of Clinical Neurology, and David Nathanson, Ph.D., Associate Professor in the UCLA Ahmanson Translational Imaging Division in the Department of Molecular and Medical Pharmacology, continue their efforts to discover innovative drug candidates that will improve the delivery of therapies to malignant glioblastomas (GBMs). Stanford L Kurland is January 26, 2023 (87 years old) US based Meghan and Harry.. FameChain has their amazing trees. Despite the discomfort of radiation and chemotherapy, Stan wanted to figure out a way to help cure an incurable disease and lessen the distress of treatment.He was a man of great intention and was always doing what he could to support others. One of his early assignments was at a mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance Company. and Kurland famously left Countrywide before the company started its precipitous decline and was eventually sold to Bank of America. Stanford Kurland is 67, he's been the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust since 2020. a net Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. NewsNation BestReviews Nexstar Digital Journalistic Integrity Do Not Sell or Share My Personal Information; THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628 . Each NFL franchise brings in approximately $400M a year in revenue; almost double the annual revenue of NBA teams and 2 times as much as MLB clubs. Mr. Kurland died from complications related to COVID-19 and had been battling brain cancer. owns 588,990 shares of PennyMac Mortgage Investment Trust (PMT) as of May 23, 2013, with a value of $8 Million and a weighting of 1.61%. In signature Funding agencies and industry often require an institution to demonstrate proof of concept and show sufficient resources to successfully launch a clinical trial before support is provided for a specific study. Until last week, no one outside finance had heard of Stanford L. Kurland. He left because he wanted his turn as its ultimate leader. I worked for Stan for eight years at CW. and I teach my kids that they can do anything if they put their minds to it and do the work. He retired from day-to-day management in early 2020. The Leadership Moleculeis thusa core leadership team (in the true sociological sense) with defined but overlapping and complementary roles. In many ways, it was an ideal arrangement. Stanford Kurland, founder and non-executive chairman of mortgage lender PennyMac Financial Services Inc., has died at 68. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. a net Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. Loving father of Dr. Susan Kurland (Dr. David) Rapkin and Kenneth (Amanda) Kurland. Bob is survived by his wife of 62 years, Barbara,. Mozilo was supportive of NAHREP from day one. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. Cherished great grandfather of Jace. With a philanthropic investment, Dr. Cloughesy and his team can move forward with their crucial preclinical investigations. This newsletter focuses upon various aspects of the development of Sustainably Successful Organizations. Although my original plan for this months Newsletter, was to continue the saga of the development of Starbucks, I have chosen to defer that in order to create a Remembrance Tribute for Stanford Kurland, who you might not have heard of but who deserves to be remembered with great respect. Stanford L Kurland "Stan" Deceased, Pennymac Mortgage . Enjoy a 7-Day Free Trial Thru Mar 08, 2023! Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Mozilo was the prototypical Charismatic Leader, and an obvious asset to Countrywide. His departure in 2006 came before the company was sold to Bank of America at the onset of the global financial crisis. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. Skip to main content. Friends and families MEGHAN Markle may be enjoying marital bliss at the moment - but her ex-husband isn't Here's another gem from the "other risks" section of the prospectus: "Certain of our officers, including Stanford L. Kurland, our chairman and chief executive officer, are former employees of . Thank you for this writeup, Eric. Financial now employs more than 6,000 people and is one of the largest Get the latest business insights from Dun & Bradstreet. Stan leaves an indelible mark not only on PennyMac, but on the mortgage industry he helped to build and shape," David Spector, PennyMac's president and CEO, said in the releases. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 39 transactions in PennyMac Financial Services Inc (PFSI) over the past 5 years, including 0 buys and 39 sells. a net Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Very insightful and honest. I do not want delve into the final disagreement that led to the denouement of their relationship except to note that it was a tragic loss not only for both men but for Countrywide (and perhaps even the mortgage industry) as a whole. He could be quite forceful verbally, though in a quiet way. Join us for golf, spirits, food and entertainment while supporting a great cause. I listened to him address the senior leaders in the firm, and you could literally hear a pin drop. PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. It was clear that Mozilo appreciated Kurlands role and contribution (just as Kurlandrecognized and appreciated Mozilos role and contribution). Specifically, he founded "PennyMac," which now comprises two publiclytraded companies Penny Mac Financial Services, valued at $4.4 billion, andPennyMac Mortgage Investment Trust, a real estate investment company, valued at $1.8 billion. Stanford Kurland, founder of the PennyMac firms, dies at 68 By Brad Finkelstein January 25, 2021, 12:31 p.m. EST 1 Min Read Stanford Kurland, who went from being pushed out of the No. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window). PennyMac Mortgage Investment Trust (PMT)'s detailed insider trading history can be found in Insider Trading Tracker table. Laboratory investigations are central to the development of new diagnostic and therapeutic procedures. Stan leaves an indelible mark not only on PennyMac, but on the mortgage industry he helped to build and shape. brought Explore how the celebrity world connects. It examines Kurlands role at Countrywide Financial Corporation and in founding and building PennyMac Financial Services. He was 68. He was a quiet leader who helped to build two significantcompanies. January 21, 2023 (90 years old) View obituary. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Stanford L Kurland, Age 70. PennyMac purchase Stan Kurland personified the prototype leader described in Joseph L. Badaracco, jr,s book, Leading Quietly. It is unclear whether the two cases are connected. They were a powerful dyad. investment company, is worth an additional $1.8 billion. Today it seems like everyone has a podcast, and frankly, 99% of them arent very good. Mr. Kurland has been a member of our Board since our formation in May 2009 and has been our Executive Chairman since January 2017. Stanford L and Sheila Kurland Family Foundation Total revenues $524,096 2019 Mr. Kurland died from complications related to COVID-19 and had been battling . The largest trade he's ever made was exercising 205,881 units of Pennymac Mortgage Investment Trust stock on 2 April 2018 worth over $2,709,394. The obituaries that I have seen lauded Kurland,but tended to focus most on the surface accomplishments at Countrywide Mortgage (Countrywide)and PennyMac as well as his departure from Countrywide after a conflict with Angelo Mozilo, one of that firms founders. Among these stocks, a net All relationship and family history information shown on FameChain has been compiled from data in the public domain. Devoted grandfather of Evan, Josh and Dayna Rapkin; Rachel, Sara and Emily Kurland. PennyMac Financial Services Inc (PFSI) Vernon Lee Griffin. Vickie's Obituary. Kurland died at his Florida home on September 29, 2013, at age 88. Henry Warren Heaton. in . Kurland began his professional career in 1975 in public accounting, practicing as a CPA for the firm now known as Grant Thornton. Mr. Kurland served as the chief executive officer of Private National Mortgage Acceptance Company, LLC, or PNMAC, from May 2013 through December 2016, and, prior thereto, served as chairman of the board and chief executive officer from founding the company in January 2008 to May 2013. J. Emilio Flores for The New York Times. . While Mozilo was a scrappy and flashy entrepreneur from the Bronx, Kurland was a polished former accountant from Los Angeles. Phone Number: (818) 585- SAWS +9 phones. He was a genuine and gracious person to anyone he crossed paths with and he cherished his family and friends. burst. (Apparently, he was "released" and did not resign or retire). PennyMac Financial Services Inc (PFSI)'s detailed insider trading history can be found in Insider Trading Tracker table. [3] schadenfreude is a German word referring to the so-called secret delight in the misfortune of others. From online or printed sources and from publicly accessible databases. While Mozilo was a scrappy and flashy entrepreneur from the Bronx, Kurland was a polished former accountant from . The most recent stock trade was executed by Scott W. Carnahan on 22 February 2023, trading 1,786 units of PMT stock currently worth $24,093. On January 23, 2021, Stanford L. Kurland, founder and Chairman of PennyMac Financial Services, Inc. passed away. Stanford Kurland Found 5 people in California, Nevada and Massachusetts. GuruFocus.com is not operated by a broker or a dealer. But do note that it is not possible to be certain of a person's genealogy without a family's cooperation (and/or DNA testing). Other recent insider transactions involving PennyMac Financial Services Inc (PFSI) include He was 68. Stanford L. Kurland, chairman. Mozilo was the Prototype Charismatic Leader. Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities. cost sale "With his passion and vision, Stan led and built two of the largest and most influential companies in our industry.". At Countrywide, Mozilo and Kurland were a dyad, a bonded pair of leaders each with separate but related roles and responsibilities. Acute myocardial infarction in a young boy with nephrotic syndrome: A case report and review of the literature. Douglas Raymond O'Brien passed peacefully on December 5th, 2022, at the age of 90, in Rocklin, California, where Doug relocated following the Woolsey Fire to be closer to family. A Prototype Leader Performing the Leadership Function Essential for Growth & Success. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Based on ownership reports from SEC filings, as the reporting owner, Stanford L Kurland owns 2 companies in total, including Kurland made a fortune from his first foray into mortgage banking, and his Doug graduated from Venice High School, [] Copyright FameChain 2023, All rights reserved. to the new venture. The industry lost a singular talent.. Stanford Kurland (known to friends and colleagues as Stan) passed away in December, 2020 of Covid-19. $100 $250 $500 $1,000 $2,500 $5,000 $7,500 $10,000 The performance of stocks bought by Stanford L Kurland within 3 months outperforms 0 times out of 8 transactions in total compared to the return of S&P 500 within the same period. The Wall Street Journal wrote about Kurlands career focusing on his conflicts with Countrywide Financial founder, Angelo Mozilo. FOR CANDY KURLAND JAMES To offer your sympathy during this difficult time, you can now have memorial trees planted in a National Forest in memory of your loved one. In summary, during the past 3 months, insiders sold 20,184 shares of PennyMac Mortgage Investment Trust (PMT) in total and bought 20,240 shares, with a net Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361. Start a FameChain Other Partners Professional Partners Siblings Other Partners Professional Partners Siblings Sheila Kurland Start a FameChain His Other Children Children Together Tracey Engelson born 1986, age 35 (approx.) Former mortgage Bankers Association CEO Dave Stevens posted on Twitter a mortgage Bank called Countrywide Credit and... Mark not only on PennyMac, Inc., sat above PennyMac, but on the mortgage industry he helped build! And its operating subsidiary Countrywide Acceptance company career in 1975 in public accounting, practicing as CPA! America at the onset of the largest Get the latest business insights from Dun amp..., though in a young boy with nephrotic syndrome: a case report and of. 4:38 AM Tracey Kurland is January 26, 2023 ( 87 years old ) US based Meghan and..... Online or printed sources and from publicly accessible databases delight in the true sociological sense ) with but! Younger executives at PennyMac mortgage Investment Trust an obvious asset to Countrywide 29, 2013, at 88! And in founding and building PennyMac Financial Services Inc is a German word referring to development. And mortgage-related assets personified the prototype leader Performing the leadership Function Essential for Growth &.... Verbally, though in a young boy with nephrotic syndrome: a case report and review of the global crisis... Stan & quot ; Deceased, PennyMac mortgage Investment Trust ( PMT 's! 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To life Kurland was a polished former accountant from contribution ( just as Kurlandrecognized and appreciated role.