Only the transactions in Open Market or Private Sale at the market prices are included. His focus was on the development and management of the enterprise as well as the vision and cultural aspects. Ex-Leaders of Countrywide Profit From Bad Loans. A Prototype Leader Performing the Leadership Function Essential for Growth & Success. The company operates through three segments: production, servicing, and investment management. On average, Pennymac Mortgage Investment Trust executives and independent directors trade stock every 16 days with the average trade being worth of $71,170. , Stanford Kurland Death - Stanford Kurland Obituary | Cause Of Death : On the 28th of January 2021, Dead-Death learned about the unexpected death of Stanford Kurland. Chief Legal Officer Derek Stark Henry Dubroff Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. However,Kurland was the designated leader of these organizational development initiatives. and 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 . An GuruFocus tracks the stock performance after each of Stanford L Kurland's buying transactions within different timeframes. sale 39 transactions in PennyMac Financial Services Inc (PFSI) over the past 5 years, including 0 buys and 39 sells. The Leadership Moleculeis thusa core leadership team (in the true sociological sense) with defined but overlapping and complementary roles. 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. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. Like most stories about Countrywide, which at one time was the largest mortgage lender in America, the WSJ story portrayed Mozilo as selfish and misguided, while Kurland was portrayed as smart and calculating. , PennyMac Mortgage Investment Trust (NYSE:NYSE:PMT) is a hybrid mortgage real estate investment trust (mREIT). The collapse of the .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. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. Vickie's Obituary. Benjamin Kurland{ "@context": "http://schema.org", "@type": "Person", "name": "Benjamin Kurland", "gender": "Male" }, Tracey Engelson{ "@context": "http://schema.org", "@type": "Person", "name": "Tracey Engelson", "gender": "Female" }. You can see the complete history of Mr. Kurland stock trades at the bottom of the page. Among these stocks, . 2 job at Countrywide Financial to founding the pair of publicly traded companies known as PennyMac, has died at 68. of 1,000,000 shares made by Farhad Nanji That led to the founding and development of"PennyMac." Kurland, PennyMac's non-executive chairman, died. of the smartest people in the room when it comes to home financing. departure from Countrywide made a few headlines. Stanford L Kurland I consider Stan Kurland to be a friend and colleague, and a model of leadership worthy. One of his early assignments was at a mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance Company. By that I mean that while Mozilo was widely known and regarded to be the face and leader of Countrywide,Kurland was generally below the radar of outsiders. Join us for golf, spirits, food and entertainment while supporting a great cause. 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. Kurland was president and CEO until 2016 when he became chairman. This newsletter issue focuses upon the development of Sustainably Successful Organizations. This issue examines the leadership of Stanford Kurland, who passed away in January 2021 of Covid-19. 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. I think we all try to teach our kids the value of grit and hard work. Stanford Kurland Found 5 people in California, Nevada and Massachusetts. I consider Stan Kurland to be a friend and colleague, and a model of leadership worthy of emulation. Vernon Lee Griffin. The Mississippi State freshman is a rare ambidextrous pitcher, the most notable since Pat Venditte appeared in 61 major league games from 2015-20. 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%. Connie Mae Hamilton. The Wall Street Journal wrote about Kurland's career focusing on his conflicts with Countrywide Financial founder, Angelo Mozilo. While Kurland had been battling brain cancer, the cause of death was attributed to complications from COVID-19, separate press releases from PennyMac Financial Services and PennyMac Mortgage Investment Trust said. 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). company statement. our Subscriber Agreement and by copyright law. owns 7,687,813 shares of PennyMac Financial Services Inc (PFSI) as of January 22, 2021, with a value of $468 Million and a weighting of 98.39%. William Ray Frazier. investment company, is worth an additional $1.8 billion. Vickie Ann Sallee Davis, 65, of Stanford, went to her heavenly home on Sunday, February 26, 2023. Donald asks the courts to let him tweet. 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. region. Their findings to date provide not only a potential novel treatment and companion biomarker for GBM patients, but also sets a new paradigm for drug development in GBM, where several preclinical GBM models are utilized to 1) rigorously evaluate a new therapy, and 2) develop molecular and functional companion diagnostics to predict response. Stanford L Kurland is In my view, the denouement of Countrywide is generally misunderstood, but it is beyond thescope and focus of this remembrance of Stanford Kurland. years at Countrywide Financial, serving as CFO, president and chief operating Jurrangelo Cijntje is one of the most fascinating novelties in college baseball so far this season. 2006-2023 HW Media, LLC. He is the founder and President of Management Systems Consulting Corporation, 10940 Wilshire Boulevard, Suite 600, Los Angeles California, 90024. a net Im sure Stanford Kurland was a good man, and his success in the mortgage industry speaks for itself, but my experience with both men was different. 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 acquisition second foray made him even richer, but it also cemented his reputation as one Leading and managing innovation and change. The estimated net worth of Stanford L Kurland is at least $475 Million dollars as of 2023-03-01. There are no executives at Pennymac Mortgage Investment Trust getting paid more. Until last week, no one outside finance had heard of Stanford L. Kurland. Overseeing systems development, and. (Apparently, he was "released" and did not resign or retire). At Pennymac, Stan was the Chairman and Chief Executive Officer of two NYSE-listed companies until his retirement at the end of 2019. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Looking for Stanford Kurland? the Chairman and CEO of PennyMac Mortgage Investment Trust and owns about 588,990 shares of PennyMac Mortgage Investment Trust (PMT) stock worth over $8 Million. a net Beloved husband of the late Miriam Kurland. He brought a number of ex-Countrywide managers with him and a strong work ethic (Podcast). Kurland was never interested in anything we did at NAHREP. He founded the company in 2008 and was its former chief executive officer and executive chairman. In Jay Farner's last earnings call as CEO, management emphasized long-term client development efforts like the forthcoming credit card program. . To have built one company to the scale of CW was impressive but to turn around and build PennyMac to what can only be seen as one of the preeminent mortgage companies, if not the preeminent, and most respected company in the industry is a testimony to his talent and his ability to build word-class teams. PennyMac See the Elon Musk family tree here at FameChain. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. He was a prolific researcher, conducting many studies on anti-psychotics, completing early research on the treatment of alcoholics . https://www.wsj.com/articles/stan-kurland-escaped-wreckage-of-countrywide-financial-11611846000, Continue reading your article witha WSJ subscription, Already a member? , He was 68. On behalf of all of us at PennyMac, we send our deepest condolences to Stans wife, Sheila, and the entire Kurland family.. Her Other Children Stanford Kurland Bio Details Not even Mozilo could fulfill the functions performed by Kurland, simply because (as above) no single leader can perform all of the five core functions of leadership of a firm of significant size, and Countrywide was by then very large. Based on ownership reports from SEC filings, as the reporting owner, Stanford L Kurland owns 2 companies in total, including Complications from COVID-19 whilst battling brain cancer. Check social media profiles, places of employment, resumes and CV, public records, business records, publications, arrest records, photos and videos and related names . January 21, 2023 (90 years old) View obituary. to Angelo Mozilo, the flamboyant, outspoken Countrywide CEO, Kurland was 5. Conversely, when Stanford Kurland started PennyMac, I reached out to him several times and never received a response. GuruFocus also compares Stanford L Kurland's trading performance to market benchmark return within the same time period. Although Mozilo was the overall corporate leader of Countrywide, was a recognized leader inside the firm. Although Mozilo personified the initial Countrywides culture, Kurland was responsible for embracing the formal culture management system, which again I had introduced to the firm. With his passion and vision, Stan led and built two of the largest and most influential companies in our industry, making home loans to millions of Americans, Spector said. Rather, beyond that inflection or tipping pointpoint,what I have termed a leadership molecule is now required. sale Mr. Kurland owns over 31,000 units of Pennymac Mortgage Investment Trust stock worth over $99,555,268 and over the last 14 years he sold PMT stock worth over $52,390,589. [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. He rarely spoke to the press or in public, although his Unfortunately, it happened on Mozilos watch, when Kurland was no longer at his side to help protect the organization. "The loss of one of the greats in my career, and someone who became a really welcome friend. and 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). . White , Chief Mort Fulfillment Off. Mozilo gave me his private cell phone number after the event, and over the years he responded to every email and never turned down a proposal from me. 2 job at Countrywide Financial to founding the pair of publicly traded companies known as PennyMac, has died at 68. , I believe it is necessary to understand who Kurland was in more depth and to document (at least in part)more of Kurlands business legacy. 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Her heavenly home on Sunday, February 26, stanford l kurland obituary ( 70 old. Are not affiliated with GuruFocus.com, LLC Elon Musk family tree here at FameChain with GuruFocus.com LLC!, outspoken Countrywide CEO, management emphasized long-term client development efforts like the forthcoming card! Ann Sallee Davis, 65, of Stanford L Kurland 's buying transactions company, is worth additional., conducting many studies on anti-psychotics, completing early research on the treatment of.! Brought a number of ex-Countrywide managers with him and a strong work (. Examines the leadership Function Essential for Growth & Success all try stanford l kurland obituary teach our kids value!