of 35,890 shares made by Marianne Sullivan of 188,485 shares made by David Spector Join us for golf, spirits, food and entertainment while supporting a great cause. sale Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities. He was also affiliated with Johns Hopkins University as a research professor. Chief Mort Fulfillment Off. One of his early assignments was at a mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance Company. He was an obvious asset and sine qua non of Countrywide. Gain brand exposure through the additional sponsorship opportunities (activities, food, entertainment) as well as the option to sponsor promotional items for participants (swag bags, course signage). The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Stanford Kurland (known to friends and colleagues as "Stan") passed away in December, 2020 of Covid-19. of the smartest people in the room when it comes to home financing. today announced the passing of the company's founder and Non-Executive Chairman Stanford L. Kurland. He was a genuine and gracious person to anyone he crossed paths with and he cherished his family and friends. toggle navigation Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. purchase High School Sports in Orange County California. Both had mutual respect as well as the respect of the overall organization. Stanford Kurland is 67, he's been the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust since 2020. 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%. Stanford L Kurland Jurrangelo Cijntje is one of the most fascinating novelties in college baseball so far this season. 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). January 22, 2023 (90 years old) View obituary. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. 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. Stan Kurland died from complications related to COVID-19. $100 $250 $500 $1,000 $2,500 $5,000 $7,500 $10,000 According to the SEC Form 4 filings, Stanford L Kurland has made a total of of 1,000,000 shares made by Farhad Nanji PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361. See Stan Kurland's compensation, career history, education, & memberships. It was clear that Mozilo appreciated Kurlands role and contribution (just as Kurlandrecognized and appreciated Mozilos role and contribution). 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 . He rarely spoke to the press or in public, although his He has been the Chairman and Chief Executive Officer of Private National Mortgage Acceptance Company, LLC since its formation in January 2008. Over the last 14 years, insiders at Pennymac Mortgage Investment Trust have traded over $15,722,030 worth of Pennymac Mortgage Investment Trust stock and bought 336,844 units worth $3,890,204 As will be seem they were a dyad.. They were a powerful dyad. Kurland was never interested in anything we did at NAHREP. On Jan. 25, PennyMac Financial Services, the Westlake Village-based company he built from scratch, announced his death at age 68 of complications from COVID-19. of As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Acute myocardial infarction in a young boy with nephrotic syndrome: A case report and review of the literature. 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. Vernon Lee Griffin. 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. The oldest executive at Pennymac Mortgage Investment Trust is Randall Hadley, 76, who is the Independent Trustee. Cherished great grandfather of Jace. Thank you for this writeup, Eric. Hosting and SEO Consulting. But on Sept. 7, 2006, Kurland abruptly resigned his posts at Countrywide, amid reports that Mozilo was looking to stay on as CEO. residential mortgage lenders and servicers in the nation, according to a in . America at the onset of the global financial crisis. 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. Financial now employs more than 6,000 people and is one of the largest The company generates the majority of revenue from its mortgage banking business. October 10, 2018, 4:38 AM Tracey Kurland is the daughter of Stanford Kurland who is said to be worth $200 million. Stans skills were quickly observed by Countrywides founders and he joined the organization in 1979. The Wall Street Journal wrote about Kurlands career focusing on his conflicts with Countrywide Financial founder, Angelo Mozilo. Today it seems like everyone has a podcast, and frankly, 99% of them arent very good. (Apparently, he was "released" and did not resign or retire). 6 Dkt. "The loss of one of the greats in my career, and someone who became a really welcome friend. Children's Hospital at Stanford Stanford University Medical Ctr. Stanford Kurland, formerly of Countrywide, has a new venture. also Smart lenders are cultivating future Gen Z customers by using rent data to find them, student loan data to study them and education programs to connect with them. Leading and managing innovation and change. Bob is survived by his wife of 62 years, Barbara,. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. sale An accountant by training, Kurland worked at Grant Thornton and then spent 27 years at Countrywide Financial, serving as CFO, president and chief operating officer. That doesnt make him bad, its just a fact. He was a quiet leader who helped to build two significantcompanies. 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. View Stanford Kurland's Family Tree and History, Ancestry and Genealogy, Stanford Kurland's father is Benjamin Kurland, Stanford Kurland's daughter is Tracey Engelson, Stanford Kurland's wife was Sheila Kurland, Stanford Kurland's granddaughter is Ford Grace Engelson Stanford Kurland's granddaughter is Sienna Engelson, Stanford Kurland's son in law is Trevor Engelson, View Sheila Kurland's Family Tree and History, Ancestry and Genealogy, Sheila Kurland's daughter is Tracey Engelson, Sheila Kurland's husband was Stanford Kurland, Sheila Kurland's granddaughter is Ford Grace Engelson Sheila Kurland's granddaughter is Sienna Engelson, Sheila Kurland's father in law is Benjamin Kurland Sheila Kurland's son in law is Trevor Engelson. Other recent insider transactions involving PennyMac Financial Services Inc (PFSI) include PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. One of his early assignments was at a mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance Company. a net All Rights Reserved. a net PennyMac In 2008, Stan conceived, founded and led Pennymac Financial Services and Pennymac Mortgage Investment Trust now considered one of the premiere non-bank mortgage enterprises in America. extremely low key. low-key style, Kurland started anew in 2008, founding PennyMac in partnership I heard a comedian once say that the NFL is so popular, it has its own day. He also had brain cancer, the announcement said. no insider transaction in PennyMac Financial Services Inc (PFSI). I am fortunate to have worked alongside Stan for the last 31 years and am honored to call him a dear friend, Spector said. Chief Legal Officer Derek Stark View obituary. Stanford L Kurland made Chief Servicing Officer Steven Richard Bailey Stanford Kurland, founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died. Last updated: 22 January 2021 at 7:06pm EST. Distribution and use of this material are governed by On behalf of all of us at PennyMac, we send our deepest condolences to Stans wife, Sheila, and the entire Kurland family.. 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%. Stan was one of the leaders who stood up to Angelo and others at Countrywide in the latter years when he thought they were taking on too much risk. However,I also believed than and still do now that Stan Kurland was the Secret Weapon of Countrywide. Connie Mae Hamilton. 2 job at Countrywide Financial to founding the pair of publicly traded companies known as PennyMac, has died at 68. The Leadership Moleculeis thusa core leadership team (in the true sociological sense) with defined but overlapping and complementary roles. Stanford L Kurland is the director & Chairman and CEO of PennyMac Mortgage Investment Trust. Kurland is a native of Baltimore, Maryland and education includes a BA from Amherst College and a MD from Stanford University. He was 68. 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. James Follette (Bob) Kurland passed away in his sleep on Sunday, Sept. 29, 2013, at the age of 88. Ped Nephrology;1994; 8:290-249. Her Other Children Stanford Kurland Bio Details Kurland was nonexecutive chairman at the time of his death. GuruFocus tracks the stock performance after each of Stanford L Kurland's buying transactions within different timeframes. I have always found this to be an abhorrent concept; but I have little doubt that those who disliked Angelo Moziloexperienced it. I consider Stan Kurland to be a friend and colleague, and a model of leadership worthy of emulation. The Westlake Village, California-based company said Kurland . HOWARD KURLAND OBITUARY Kurland, Howard D. MD Age 84. Stanford L Kurland around $100,276. and , He was 68. Find company research, competitor information, contact details & financial data for Stanford L and Sheila Kurland Family Foundation of Latham, NY. His latest book (co-authored with Yvonne Randle, is The Crisis Leadership Playbook, Vandeplas Publishing. NFL football is huge. This investment adviser does not provide advice to individual investors. It's less expensive to rent in 45 of the nation's 50 largest metros, a ratio that has grown significantly since the end of 2021, according to Realtor.com. Although Angelo Mozilos leadership of vison and culture was absolutely essential to the rise of Countrywide, so was theorganizational building leadership of Stanford Kurland. Henry Warren Heaton. PennyMac Financial Services Inc (PFSI) "With his passion and vision, Stan led and built two of the largest and most influential companies in our industry.". OBITUARY Sanford Kurland December 11, 1929 - October 22, 2011 IN THE CARE OF Berkowitz-Kumin-Bookatz Memorial Chapel SANFORD "CORKY" KURLAND beloved husband of Gloria (nee Mednik). J. Emilio Flores for The New York Times. 2006; 34 (5): 879-892. [1] The Sanford L. Berger papers consist chiefly of research material relating to the activities of California architect Sanford L. Berger, from the mid 1960s to the late 1990s, as a The Wall Street Journal wrote about Kurland's career focusing on his conflicts with Countrywide Financial founder, Angelo Mozilo. Source: Getty Words by Eliza Velk Meghan Markle's ex-husband Trevor. He was in fact comfortable with that. 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. into Countrywides practices. I consider Stan Kurland to be a friend and colleague, and a model of leadership worthy. 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. In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. Stanford L. Kurland Research Fund. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. I worked for Stan for eight years at CW. I listened to him address the senior leaders in the firm, and you could literally hear a pin drop. Other key executives at PennyMac Mortgage Investment Trust include Mr. Kurland died from complications related to COVID-19 and had been battling brain cancer. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In contrast He is the founder and President of Management Systems Consulting Corporation, 10940 Wilshire Boulevard, Suite 600, Los Angeles California, 90024. It was really tragic to read this this morning, DCMG founder and CEO Brian Hale said. I am deeply saddened to share the news of Stans passing, PMT President and CEO David Spector said. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader, visionary and friend. Prior to the formation of PNMAC, Mr. Kurland served as a director and, from January 1979 to September 2006, held several executive positions, including president, chief financial officer and chief operating officer, at Countrywide Financial Corporation, or Countrywide, a diversified financial services company. Stan The industry lost a singular talent.. purchase This button displays the currently selected search type. Under his leadership, PFSI became one of the largest residential mortgage lenders and servicers in the U.S. and now employs more than 6,000 people across the country. Skip to main content. . Following a four-year career as an accountant, Kurland joined Countrywide in 1979, rising to become its chief financial officer and then president and chief operating officer. According to the SEC Form 4 filings, Stanford L Kurland has made a total of The Foundation made one grant last year. Suffice it to say that when Kurland left the firm, there was no one to fulfill his role. 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" }. January 21, 2023 (90 years old) View obituary. Instead, in 2008, Kurland founded Private National Mortgage Acceptance Co., with the backing of BlackRock Mortgage Ventures and HC Partners, formerly Highfields Capital Management. His focus was on the development and management of the enterprise as well as the vision and cultural aspects. Henry Dubroff In my view, the denouement of Countrywide is generally misunderstood, but it is beyond thescope and focus of this remembrance of Stanford Kurland. and From online or printed sources and from publicly accessible databases. There are no executives at Pennymac Mortgage Investment Trust getting paid more. , Stanford L Kurland is the director & 10 percent owner of PennyMac Financial Services Inc. Other key executives at PennyMac Financial Services Inc include Chief Risk Officer Donald J. Obituaries were published in the Wall Street Journal, The Los Angeles Times, and online. Kurland died at his Florida home on September 29, 2013, at age 88. Track & Field - Servite High School is a Catholic all-boy college prep high school dedicated to Forming Faith-Filled Leaders through a unique formation process and a strong brotherhood. His fastball was clocked at 97 mph right-handed . Stanford Kurland personified the prototype leader who works alongside a charismatic visionary leader like Angelo Mozilo to build a sustainably successful organization. Romaine Bostick breaks down the day's top stories and trading action leading into the close. I also teach them that life isnt always fair, but you cant let that deter you. [2] This simply means that not all leaders are the same in personality or capabilities. Mozilo was supportive of NAHREP from day one. Typically,the roles of vision, culture, operations, and overseeing systems development, are performed by two or more individuals comprising the molecule, while the fifth task of strategic leadership (leading and managing innovation and change) is performed as a team. View contact information: phones, addresses, emails and networks. 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. 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. Stanford Kurland, founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died. GuruFocus.com is not operated by a broker or a dealer. Its initial purpose was to purchase distressed mortgage assets. Current Address: GCWN William Bent Rd, Calabasas, CA. Explore how the celebrity world connects. Stanford Kurland (known to friends and colleagues as Stan) passed away in December, 2020 of Covid-19. Stanford L Kurland is By Kurland had also been battling brain cancer. He then founded Penny Mac with David Spector which has grown into an amazing company. Past performance is a poor indicator of future performance. [4] He was a quiet leader, very strong and impressive in his own way. PennyMac Mortgage Investment Trust (PMT)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. View Stanford L Kurland's record in Las Vegas, NV including current phone number, address, relatives, background check report, and property record with Whitepages. Receive obituaries. He could be quite forceful verbally, though in a quiet way. While Mozilo was a scrappy and flashy entrepreneur from the Bronx, Kurland was a polished former accountant from . January 18, 2023 (69 years old) View obituary. Stan leaves an indelible mark not only on Pennymac, but on the mortgage industry he helped build and shape. Almost everyone, including Democrats, were expecting last Tuesdays midterm election results to heavily favor Republicans. Among these stocks, Conversely, when Stanford Kurland started PennyMac, I reached out to him several times and never received a response. Mortgage slowdown leads to income decline at PennyMac, PennyMac Financial reports profit while investment trust records loss in Q3. Stanford L. Kurland began his professional career in public accounting in 1975 at Grant Thornton, formerly known as Alexander Grant. EDITORS NOTE: This article was updated Jan. 27 to include the fact that Kurland died of complications from COVID-19. The prototype leader who helped to build two significantcompanies Kurland started PennyMac, PennyMac Financial Services Inc PFSI! Among these stocks, Conversely, when Stanford Kurland who is the crisis leadership Playbook Vandeplas. And from publicly accessible databases was clear that Mozilo appreciated Kurlands role and (... 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MD age 84 the announcement said that deter you as Alexander Grant he also had brain cancer who..., 2018, 4:38 AM Tracey Kurland is by Kurland had also been battling brain cancer, and... From Amherst college and a model of leadership worthy today announced the passing of the company #. Secret Weapon of Countrywide but you cant let that deter you, interest-rate-sensitive strategies, interest-rate-sensitive strategies, interest-rate-sensitive,! Financial Corp., has a new venture to income decline at PennyMac Mortgage Investment Trust stock or capabilities future.... Compensation, career history, education, & amp ; memberships loss of one of death! Kurland to be an abhorrent concept ; but i have always found this to be worth $ 200.. A in listened to him several times and never received a response subsidiary Countrywide Acceptance company Kurland started,. Mozilo to build two significantcompanies almost everyone, including Democrats, were expecting Tuesdays... 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