High School Sports in Orange County California. You can see the complete history of Mr. Kurland stock trades at the bottom of the page. sale PennyMac Mortgage Investment Trust (PMT) The Foundation made one grant last year. 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. In addition, Kurland was responsible for the development of an in-house leadership development program, which Kurland asked our firm to design and deliver.[6]. . Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. Stanford L. Kurland Research Fund. White PennyMac Mortgage Investment Trust (NYSE: PMT) along with its manager and service provider PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the passing of the company's founder and Non-Executive Chairman Stanford L. Kurland. Friends and families MEGHAN Markle may be enjoying marital bliss at the moment - but her ex-husband isn't Unfortunately, it happened on Mozilos watch, when Kurland was no longer at his side to help protect the organization. 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. January 18, 2023 (69 years old) View obituary. Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. William Ray Frazier. Stanford Lee Kurland Age 68 Born Wednesday 11 Jun 1952 Died 24 Jan 2021 (ca.) Half of Q4 2022 transactions had wire and title fraud risks. Vernon Lee Griffin. , PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Stan always seemed ego-less to me, humble yet brilliant. He told me that when he started Countrywide, Latinos were his most loyal customers, and he will never forget it. Distribution and use of this material are governed by EDITORS NOTE: This article was updated Jan. 27 to include the fact that Kurland died of complications from 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. HW Media connects and informs decision makers across the housing economy. He was born on August 4th, 1977, in Nashua NH. , Join us for golf, spirits, food and entertainment while supporting a great cause. Although Mozilo was the overall corporate leader of Countrywide, was a recognized leader inside the firm. Many predicted a red wave where they would pick up 50-60 seats in the House and 3-4 in the Senate. As will be seem they were a dyad.. I heard a comedian once say that the NFL is so popular, it has its own day. Details can be seen in Stanford L Kurland's Latest Holdings Summary section. They were a powerful dyad. Chief Servicing Officer Steven Richard Bailey 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. into Countrywides practices. I am deeply saddened to share the news of Stans passing, PMT President and CEO David Spector said. He was an obvious asset and sine qua non of Countrywide. Loving father of the late Joan Kurland, and Larry Kurland and his wife Susan, of Warren, NJ. 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Vickie Ann Sallee Davis, 65, of Stanford, went to her heavenly home on Sunday, February 26, 2023. Please select an amount. Vickie's Obituary. 5. 31,000 shares on January 22, 2021, which The most-recent trade in PennyMac Mortgage Investment Trust is the Beloved husband of the late Miriam Kurland. 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). He was also affiliated with Johns Hopkins University as a research professor. His latest book (co-authored with Yvonne Randle, is The Crisis Leadership Playbook, Vandeplas Publishing. 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. In many ways, it was an ideal arrangement. 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 . The Leadership Moleculeis thusa core leadership team (in the true sociological sense) with defined but overlapping and complementary roles. On average, Pennymac Mortgage Investment Trust executives and independent directors trade stock every 16 days with the average trade being worth of $71,170. In 2013, BlackRock, HC Partners, and former PennyMac CEO Stanford L. Kurland took the PennyMac structure public in an "Up-C" transaction. to Angelo Mozilo, the flamboyant, outspoken Countrywide CEO, Kurland was PennyMac, Inc. issued Class A common stock to the new public 5 Id. Stanford L Kurland "Stan" Deceased, Pennymac Mortgage . Only the transactions in Open Market or Private Sale at the market prices are included. During his tenure at the company, Countrywide grew from just over $1 million dollars in market capitalization to a leading financial services firm with over $25 billion in market value. You dont have to play golf to participate! I consider Stan Kurland to be a friend and colleague, and a model of leadership worthy. 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. Get the latest business insights from Dun & Bradstreet. See Also: WWW.Mgtsystems.com. with BlackRock Mortgage Ventures and what is now Highfields Capital Management. Stan Today it seems like everyone has a podcast, and frankly, 99% of them arent very good. He left because he wanted his turn as its ultimate leader. 25.Hopp L, Gilboa N, Kurland G, Weichler N, Orchard TJ. He was a quiet leader who helped to build two significantcompanies. sale [1] As explained further below is not possible to really discuss Kurlands career at Countrywide without consideration of the role ofAngelo Mozilo as well. I was impressed by that. GuruFocus.com is not operated by a broker or a dealer. Fundamental company data provided by Morningstar, updated daily. Other recent insider transactions involving PennyMac Mortgage Investment Trust (PMT) include sale He did not need the limelight and worked quietly but effectively in the background. On Monday morning, colleagues and industry peers offered their condolences and remembrances of Kurland. Email Address: s USMU @yahoo.com +4 emails. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Opteon, an international provider of appraisal, valuation, and property services, has expanded its direct-to-consumer business model nationwide. Financial now employs more than 6,000 people and is one of the largest He then founded Penny Mac with David Spector which has grown into an amazing company. Source: Getty Words by Eliza Velk Meghan Markle's ex-husband Trevor. servicer of mortgages, is the seventh-largest public company based in the tri-county Rather, beyond that inflection or tipping pointpoint,what I have termed a leadership molecule is now required. I also want to put on record that it is my view that Mozilo was adesignated scapegoat for the mortgage crisis (pilloried by third parties) because he was a convenient target. Specifically, for years Mozilo had tweaked the nose of the mortgage business elite;so,whenhis organization experienced difficulties, many who had experienced his jibes now experienced the schadenfreude of his denouement. Stanford has made over 52 trades of the Pennymac Mortgage Investment Trust stock since 2013, according to the Form 4 filled with the SEC. The above mentioned individual has died , according to the following statements posted on social media. Stan Kurland Escaped Wreckage of Countrywide Financial - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and. of 56 shares. He understood who Angelo was and what his contributions were, and a there was no evident competition between them. "The loss of one of the greats in my career, and someone who became a really welcome friend. 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. HOWARD KURLAND OBITUARY Kurland, Howard D. MD Age 84. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. residential mortgage lenders and servicers in the nation, according to a 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. Former Mortgage Bankers Association President and CEO David Stevens also weighed in, recalling their time together. Should you have information that conflicts with anything shown please make us aware by email. Explore how the celebrity world connects. 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. Stanford L Kurland At Countrywide, Mozilo and Kurland were a dyad, a bonded pair of leaders each with separate but related roles and responsibilities. PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. 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). America at the onset of the global financial crisis. At Pennymac, Stan was the Chairman and Chief Executive Officer of two NYSE-listed companies until his retirement at the end of 2019. [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. Stan leaves an indelible mark not only on Pennymac, but on the mortgage industry he helped build and shape. Born October 15th, 1932, to Raymond Luke and Hazel Agatha (Deneka) O'Brien in the Mar Vista neighborhood of Los Angeles. Until last week, no one outside finance had heard of Stanford L. Kurland. 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, Age 70. aka Stan Kurland. Copyright FameChain 2023, All rights reserved. James Follette , and Chief Servicing Officer Steven Richard Bailey . In signature Stock quotes provided by InterActive Data. Instead, in 2008, Kurland founded Private National Mortgage Acceptance Co., with the backing of BlackRock Mortgage Ventures and HC Partners, formerly Highfields Capital Management. a net 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. no insider transaction in PennyMac Financial Services Inc (PFSI). Connie Mae Hamilton. Chief Risk Officer Donald J. Consumer Financial Protection Bureau Director Rohit Chopra says the bureau is continuing with its enforcement agenda and that financial firms face risks from the Supreme Court case. of the smartest people in the room when it comes to home financing. Although the classic stereotypical leader is someone like Steve Jobs, or Elon Musk, or Angelo Mozilo (who are, in fact,all true charismatic and visionary leaders), there are other types of leadership that is required and absolutely necessary for a firm to be built as a sustainably successful organization. He was 68. About a year ago, I was convinced by some of my closest friends that I should do a podcast. His fastball was clocked at 97 mph right-handed . Also, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert. Required fields are marked *. The Stanford L & Sheila Kurland Family Foundation is a private foundation located in Albany, NY that primarily funds general operating--charitable purposes under internal revenue code section 501 (c) (3). Yet Kurlands contributions were critical as well to what Countrywide was becoming, the dominant leader in the mortgage business.