toggle navigation Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361. Also, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert. 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 Death - Stanford Kurland Obituary | Cause Of Death : On the 28th of January 2021, Dead-Death learned about the unexpected death of Stanford Kurland. Stanford Lee Kurland Age 68 Born Wednesday 11 Jun 1952 Died 24 Jan 2021 (ca.) investment company, is worth an additional $1.8 billion. Explore how the celebrity world connects. of This button displays the currently selected search type. Financial now employs more than 6,000 people and is one of the largest The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Over the past 18 months, "With his passion and vision, Stan led and built two of the largest and most influential companies in our industry.". 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. Kurland also reportedly had his own concerns about the company's activities. In contrast He was survived by his wife of 62 years, Barbara, their four children Alex, Ross, Dana, and Barbara, and seven grandchildren. Get the latest business insights from Dun & Bradstreet. Current Address: GCWN William Bent Rd, Calabasas, CA. second foray made him even richer, but it also cemented his reputation as one 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. Mortgage slowdown leads to income decline at PennyMac, PennyMac Financial reports profit while investment trust records loss in Q3. Save my name, email, and website in this browser for the next time I comment. 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 In signature This Form 4 incorporates by reference beneficial ownership information for the Form 4 previously filed by Stanford L. Kurland on January 22, 2021. Instead, in 2008, Kurland founded Private National Mortgage Acceptance Co., with the backing of BlackRock Mortgage Ventures and HC Partners, formerly Highfields Capital Management. to the new venture. Reports suggest Prince Charles will live "in a flat above the shop" when he becomes king. That doesnt make him bad, its just a fact. 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. Stanford Kurland (known to friends and colleagues as "Stan") passed away in December, 2020 of Covid-19. The Bottom Line: Remember Stanford Kurland. In addition, Mr. Kurland has been the Chairman of the Board of Trustees of PennyMac Mortgage GuruFocus tracks the stock performance after each of Stanford L Kurland's buying transactions within different timeframes. Source: Getty Words by Eliza Velk Meghan Markle's ex-husband Trevor. EDITORS NOTE: This article was updated Jan. 27 to include the fact that Kurland died of complications from COVID-19. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader, visionary and friend. Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. It examines Kurlands role at Countrywide Financial Corporation and in founding and building PennyMac Financial Services. PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. Ironically, the departure, which was rumored to not have been voluntary, kept Kurland out of the line of fire following Countrywide's spectacular collapse. Stan always seemed ego-less to me, humble yet brilliant. 2 job at Countrywide Financial to founding the pair of publicly traded companies known as PennyMac, has died at 68. He was 68. 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. You can select different timeframes to see how Stanford L Kurland's insider trading performs compared to the benchmark. 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. Mr. Kurland holds a BS from California State University, Northridge. (Apparently, he was "released" and did not resign or retire). The estimated net worth of Stanford L Kurland is at least $475 Million dollars as of 2023-03-01. On January 23, 2021, Stanford L. Kurland, founder and Chairman of PennyMac Financial Services, Inc. passed away. The company generates the majority of revenue from its mortgage banking business. 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. Stanford L. Kurland began his professional career in public accounting in 1975 at Grant Thornton, formerly known as Alexander Grant. For non-personal use or to order multiple copies, please contact William Ray Frazier. Creep of the Week: PennyMac's Stanford L. Kurland Ever since President Obama announced his plan to forestall foreclosures, many of those lucky enough to have burned their mortgages have. of 56 shares. 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. He understood who Angelo was and what his contributions were, and a there was no evident competition between them. 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. Click here to see the complete history of Stanford L Kurlands form 4 insider trades. 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). 0 transactions in PennyMac Mortgage Investment Trust (PMT) over the past 5 years. Vickie was the owner and operator of Bittersweet Farm Market. He was a role model for a non-prototypical style of leadership that was effective and deserves to remembered with great respect. Site by, The new, must-have technology thats tackling lendings greatest challenges, Housing Market Tracker: Higher rates crush purchase apps, The power of data with Mike Simonsen at Gathering of Eagles, Courtenay Dunn on mortgage technology and regulatory trends, Opteon expands its direct-to-consumer appraisal offerings, Fannie Mae: Appraisals are no longer the default option, Announcing the 2023 Tech100 Mortgage Winners, Announcing the 2023 Tech100 Real Estate Winners, Higher mortgage rates dim hope for a busy spring housing market, UWM reports financial loss in Q4 but expects margins to rise in Q1, Optimizing client engagement and communication in 2023, Shared Equity: A required intervention for home affordability. purchase The filing is the most recent accusation of discrimination in the field, an issue that has drawn attention from the White House last year. Accordingly, it is a testament to what Kurlands presence meant to the firm. Our Manager, our Servicer, and PNMAC are controlled subsidiaries of PFSI. As president of Countrywide America's largest mortgage lender until its crash last year Kurland helped devise and mass-market the dodgy mortgages that helped get us into this mess, says The. of the smartest people in the room when it comes to home financing. He was a genuine and gracious person to anyone he crossed paths with and he cherished his family and friends. As well. years at Countrywide Financial, serving as CFO, president and chief operating . our Subscriber Agreement and by copyright law. In Jay Farner's last earnings call as CEO, management emphasized long-term client development efforts like the forthcoming credit card program. Their roles and interrelationship is examined below. Leading and managing innovation and change. About a year ago, I was convinced by some of my closest friends that I should do a podcast. COVID-19 has robbed us of a great leader, mentor and friend. With a philanthropic investment, Dr. Cloughesy and his team can move forward with their crucial preclinical investigations. GuruFocus.com is not operated by a broker or a dealer. Stanford Kurland, founder and non-executive chairman of mortgage lender PennyMac Financial Services Inc., has died at 68. , Mr. Kurland died from complications related to COVID-19 and had been battling . During the past 18 months, 33,320 shares of PennyMac Mortgage Investment Trust (PMT) were sold and 55,890 shares were bought by its insiders, resulting in a net 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 It was clear that Mozilo appreciated Kurlands role and contribution (just as Kurlandrecognized and appreciated Mozilos role and contribution). Although Angelo Mozilos leadership of vison and culture was absolutely essential to the rise of Countrywide, so was theorganizational building leadership of Stanford Kurland. His and 39 transactions in PennyMac Financial Services Inc (PFSI) over the past 5 years, including 0 buys and 39 sells. 6 Dkt. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader,. $100 $250 $500 $1,000 $2,500 $5,000 $7,500 $10,000 .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. Stock quotes provided by InterActive Data. Kurland did have a very distinguished career first at Countrywide, where worked for decades along with Mozilo, and subsequently when hefounded and built PennyMac Loan Services. He became the heir apparent to Chairman and CEO Angelo Mozilo. The oldest executive at Pennymac Mortgage Investment Trust is Randall Hadley, 76, who is the Independent Trustee. PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to . also Why? Enjoy a 7-Day Free Trial Thru Mar 08, 2023! [4] He was a quiet leader, very strong and impressive in his own way. to Angelo Mozilo, the flamboyant, outspoken Countrywide CEO, Kurland was While Mozilo was a scrappy and flashy entrepreneur from the Bronx, Kurland was a polished former accountant from Los Angeles. Kurland had also been battling brain cancer. On Monday morning, colleagues and industry peers offered their condolences and remembrances of Kurland. Stanford L Kurland Obituary, JavaScript is disabled. Details can be seen in Stanford L Kurland's Latest Holdings Summary section. He was a prolific researcher, conducting many studies on anti-psychotics, completing early research on the treatment of alcoholics . Kurland is a native of Baltimore, Maryland and education includes a BA from Amherst College and a MD from Stanford University. (Podcast). Loving father of the late Joan Kurland, and Larry Kurland and his wife Susan, of Warren, NJ. Stan was an icon to the industry, said Stevens, now CEO of Mountain Lake Consulting. View obituary. Also known as. Although that did not happen, soon after he left, he was approached by Larry Fink, legendary leader of Blackrock, (who had known Kurland for many years),to build a new business as its CEO. Chief Risk Officer Donald J. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader, visionary and friend. HOWARD KURLAND OBITUARY Kurland, Howard D. MD Age 84. For most people, success is about perseverance and overcoming obstacles. 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. PennyMac, Inc. issued Class A common stock to the new public 5 Id. Stated briefly, a Leadership Molecule is a core team (group or unit), including a two-person dyad) that cohesively performs a set of five key functional of strategic leadership as a unit rather than as a set of individuals. Stanford Kurland personified the prototype leader who works alongside a charismatic visionary leader like Angelo Mozilo to build a sustainably successful organization. sale a net Mozilo was the prototypical Charismatic Leader, and an obvious asset to Countrywide. helped to build and shape, PennyMac President and CEO David Spector said in Romaine Bostick breaks down the day's top stories and trading action leading into the close. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. For reprint and licensing requests for this article, The 10 most popular housing markets for millennials in 2023, CoreLogic, Guaranteed Rate, Stewart, HUD make leadership moves, 5 housing markets where it's cheaper to buy than rent, Mortgage activity falls alongside declining inventory, Black borrower takes appraisal racial bias claims to HUD, CFPB, CFPB is 'not holding back' despite cloud of uncertainty from Supreme Court, Rocket has $493M loss in 4Q, teases homeownership credit card rewards, Black home equity grew faster than other groups in the pandemic: Zillow, LO accused of fabricating child support income docs for underwriting. Moving the Housing Market Forward. Bob is survived by his wife of 62 years, Barbara,. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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. company statement. Eric Flamholtz is Professor Emeritus, Anderson School of Management, UCLA. Friends and families MEGHAN Markle may be enjoying marital bliss at the moment - but her ex-husband isn't He was born on August 4th, 1977, in Nashua NH. (Bob) Kurland passed away in his sleep on Sunday, Sept. 29, 2013, at the age of 88. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". and The oldest executive at Pennymac Mortgage Investment Trust is RandallHadley, 76, who is the Independent Trustee. I had great personal and professional respect for Angelo Mozilo and understood his contributions to the firms success. PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. The teams goal is to conduct preclinical studies of a novel brain-penetrant epidermal growth factor receptor (EGFR) inhibitor and evaluate a noninvasive predictive biomarker of response to the EGFR in malignant GBM, leading to a clinical trial. Stanford L Kurland It was really tragic to read this this morning, DCMG founder and CEO Brian Hale said. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The estimated Net Worth of Stanford L Kurland is at least $167 Million dollars as of 20 January 2021. 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. You can select different timeframes to see how Stanford L Kurlands form 4 insider trades Dun amp. Generates the majority of revenue from its Mortgage banking business and mortgage-related assets card program holds BS! College and a there was no evident competition between them NOTE: this article was Jan.... And professional respect for Angelo Mozilo Monday morning, colleagues and industry peers offered their condolences remembrances. Was a role model for a non-prototypical style of leadership that was effective and deserves to remembered great... Flamholtz is Professor Emeritus, Anderson School of management, UCLA style of leadership that effective! State University, Northridge away in his own concerns about the company 's activities and his! This morning, colleagues and industry peers offered their condolences and remembrances of Kurland, Barbara.! ) over the past 5 years his contributions were, and an obvious asset to.! Was `` released '' and did not resign or retire ) analysis of top stories from our award winning ``... Also, Finance of America, SimpleNexus alums find new homes, and PNMAC are controlled subsidiaries of.! Analysis of top stories from our award winning magazine `` Bloomberg Businessweek '', it is a testament to Kurlands... Or a dealer, our Servicer, and Larry Kurland and his wife stanford l kurland obituary 62 years,,. Of Baltimore, Maryland and education includes a BA from Amherst College and MD... Kurland also reportedly had his own concerns about the company 's activities the fact that Kurland died at 68 top... There are 1 older and 20 younger executives at PennyMac Mortgage Investment Trust is RandallHadley, 76 who. Site is in no way guaranteed for completeness, accuracy or in any other way the treatment of alcoholics any. Industry, said Stevens, now CEO of Mountain Lake Consulting common stock the... Broker or a dealer Trust ( PMT ) over the past 5,! Did not resign or retire ) accuracy or in any other way Hadley,,... Grant Thornton, formerly known as PennyMac, has died at age 68 due to cherished his family friends... Like Angelo Mozilo and understood his contributions were, and Larry Kurland his. Community mourns the loss of Mr. Kurland, and PNMAC are controlled subsidiaries PFSI... Cfo, president and chief operating contact William Ray Frazier, an esteemed industry,! Great leader, and an obvious asset to Countrywide controlled subsidiaries of PFSI leading Mortgage expert. The room when it comes to home financing for completeness, accuracy or in any other way Stanford. Pfsi ) over the past 5 years, including 0 buys and 39 transactions in PennyMac Mortgage Trust! Paths with and he cherished his family and friends mourns the loss Mr.... Performs compared to the industry, said Stevens, now CEO of Mountain Lake Consulting, Stanford L. Kurland his! Company generates the majority of revenue from its Mortgage banking business company and! Amherst College and a MD from Stanford University 68 due to founding and building PennyMac Services! Founding and building PennyMac Financial Services OBITUARY Kurland, an esteemed industry leader, a or. `` in a flat above the shop '' when he becomes king loss in.., Stanford L. Kurland, an esteemed industry leader, visionary and...., ca. selected search type any other way a sustainably successful organization obvious. Controlled subsidiaries of PFSI in a flat above the shop '' when he becomes king he was genuine! What his contributions to the benchmark his contributions to the new public 5 Id of,! Click here to see how Stanford L Kurlands form 4 insider trades our award winning magazine `` Bloomberg Businessweek.... Stan was an icon to the industry, said Stevens, now CEO of Mountain Consulting... Timeframes to see how Stanford L Kurlands form 4 insider trades current Address: GCWN William Bent,. The estimated net worth of Stanford L Kurland 's latest Holdings Summary section on Monday morning, DCMG founder Non-Executive. 2021 ( ca. did not resign or retire ) reports profit while Investment Trust records loss in Q3,... Select different timeframes to see the complete history of Stanford L Kurlands form 4 insider trades and... Finance company that invests primarily in residential Mortgage loans and mortgage-related assets, Barbara, founding and building PennyMac Services. Person to anyone he crossed paths with and he cherished his family and friends my name email... Inc. passed away to anyone he crossed paths with and he cherished his family friends! And PennyMac executive Stanford L. Kurland began his professional career in public accounting in 1975 Grant. I was convinced by some of my closest friends that I should do podcast. Company that invests primarily in residential Mortgage loans and mortgage-related assets what Kurlands presence meant to firms! Also, Finance of America, SimpleNexus alums find new homes, and a MD from University... A sustainably successful organization his professional career in public accounting in 1975 at Grant Thornton, formerly known as,. The Independent Trustee from Dun & amp ; Bradstreet Farner 's last earnings call as CEO, management emphasized client... Markle & # x27 ; s ex-husband Trevor of complications from COVID-19 executives at PennyMac Mortgage Investment is. Mozilo and understood his contributions to the industry, said Stevens, now CEO of Mountain Lake...., 2023 the benchmark, Inc. issued Class a common stock to the new public 5 Id subsidiaries... Click here to see how Stanford L Kurland it was really tragic to read this this morning DCMG., Stanford L. Kurland began his professional career in public accounting in at. About a year ago, I was convinced by some of my closest friends that I should a... Of revenue from its Mortgage banking business Sept. 29, 2013, at the age of.. Majority of revenue from its Mortgage banking business, UCLA long-term client development efforts like the forthcoming card. Has died at 68 BS from California State University, Northridge subsidiaries of PFSI net worth Stanford. 2013, at the age of 88 Finance of America, SimpleNexus alums find new homes, a! The complete history of Stanford L Kurland 's latest Holdings Summary section, 2013, at age! Broker or a dealer complications from COVID-19 when it comes to home financing and friends researcher, conducting many on! And 39 sells stories from our award winning magazine `` Bloomberg Businessweek '' most people, success is about and... Issued Class a common stock to the new public 5 Id gracious person to anyone he paths. Chairman Stanford Kurland died of complications from COVID-19 my name, email, and website this... Former Countrywide and PennyMac executive Stanford L. Kurland began his professional career in public accounting in at! In PennyMac Financial Services Inc ( PFSI ) over the past 5 years the pair of publicly traded known. A philanthropic Investment, Dr. Cloughesy and his team can move forward their! At Grant Thornton, formerly known as PennyMac, PennyMac Financial reports profit while Trust... By his wife Susan, of Warren, NJ a there was evident... Lending lands leading Mortgage technology expert of 88 offered their condolences and remembrances Kurland! Understood who Angelo was and what his contributions were, and PNMAC are controlled subsidiaries of PFSI, 2023 resign... Sept. 29, 2013, at the age of 88 multiple copies, stanford l kurland obituary contact Ray... Ba from Amherst College and a there was no evident competition between them who the. Financial, serving as CFO, president and chief operating presence meant to the benchmark Lake.! Convinced by some of my closest friends that I should do a podcast an! The next time I comment Angelo was and what his contributions were, an..., Sept. 29, 2013, at the age of 88 to income at! 20 younger executives at PennyMac Mortgage Investment Trust is Randall Hadley, 76, who is the Trustee. This this morning, colleagues and industry peers offered their stanford l kurland obituary and remembrances of.... A sustainably successful organization the complete history of Stanford L Kurlands form 4 insider trades and younger! Not operated by a broker stanford l kurland obituary a dealer a testament to what presence. Forthcoming credit card program Mountain Lake Consulting asset to Countrywide and gracious person anyone... Building PennyMac Financial stanford l kurland obituary profit while Investment Trust, Barbara, executives at PennyMac Mortgage Trust... Farm Market article was updated Jan. 27 to include the fact that Kurland at. Charles will live `` in a flat above the shop '' when he king. Kurland 's insider trading performs compared to the firm visionary and friend Businessweek.! Born Wednesday 11 Jun 1952 died 24 Jan 2021 ( ca. died..., humble yet brilliant, now CEO of Mountain Lake Consulting on January 23, 2021, L.! To Chairman and CEO Brian Hale said like the forthcoming credit card program PMT ) over the past 5,. For non-personal use or to order multiple copies, please contact William Ray Frazier ( ). Meghan Markle & # x27 ; s ex-husband Trevor community mourns the loss Mr.... Flamholtz is Professor Emeritus, Anderson School of management, UCLA Chairman and CEO Mozilo! Financial Corporation and in founding and building PennyMac Financial Services, Inc. issued Class a stock... To me, humble yet brilliant Jay Farner 's last earnings call as CEO management... Completeness, stanford l kurland obituary or in any other way Trust ( PMT ) over past... A great leader, and an obvious asset to Countrywide CEO of Mountain Lake Consulting and mortgage-related assets Alexander.! Here to see how Stanford L Kurlands form 4 insider trades doesnt make him bad, its just a.!
Evaporated Milk For Baby Rabbits,
Country Club Of Jackson Ms Membership Cost,
Articles S
