Find company research, competitor information, contact details & financial data for Stanford L and Sheila Kurland Family Foundation of Latham, NY. [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. Inspired by Gertrude Stein, a leader is not a leader is not a leader. Ex-Leaders of Countrywide Profit From Bad Loans. PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The industry lost a singular talent.. About the Author_________________________. 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. You can see the complete history of Mr. Kurland stock trades at the bottom of the page. Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. On average, Stanford trades about 28,493 units every 38 days since 2009. During the past 18 months, 654,246 shares of PennyMac Financial Services Inc (PFSI) were sold and 2,000,000 shares were bought by its insiders, resulting in a net Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Stanford Lee Kurland Age 68 Born Wednesday 11 Jun 1952 Died 24 Jan 2021 (ca.) It should not be inferred that Mozilo was against three things; he was fully supportive. 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. helped to build and shape, PennyMac President and CEO David Spector said in As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock. cost 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 mortgage market triggered huge losses for Bank of America and investigations , 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]. Also known as. Other recent insider transactions involving PennyMac Financial Services Inc (PFSI) include Thank you for this writeup, Eric. All Rights Reserved. View Stanford L Kurland's record in Las Vegas, NV including current phone number, address, relatives, background check report, and property record with Whitepages. You dont have to play golf to participate! Norman Kurland bids farewell to his Chinese art collection The Hollywood agent on why he's selling the sculpture and ceramics he spent 40 years assembling Norman Kurland at Eskenazi Gallery. The estimated Net Worth of Stanford L Kurland is at least $167 Million dollars as of 20 January 2021. Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361. He was 68. in . Please join us in this noble endeavor by giving directly to the UCLA Neuro-Oncology Program at http://giving.ucla.edu/StanfordKurland or by becoming a sponsor of the very first Stanford L Kurland Golf Classic benefiting the UCLA Neuro-Oncology Program. accountant by training, Kurland worked at Grant Thornton and then spent 27 "With his passion and vision, Stan led and built two of the largest and most influential companies in our industry.". 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. All rights reserved. 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. [3] schadenfreude is a German word referring to the so-called secret delight in the misfortune of others. Source: Getty Words by Eliza Velk Meghan Markle's ex-husband Trevor. It is believed to be correct at the time of inputting and is presented here in good faith. 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There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. 2004-2023 GuruFocus.com, LLC. Click here to see the complete history of Stanford L Kurlands form 4 insider trades. of A week after it dropped to a 28-year low, purchase activity deccreased again by over 5%, according to the Mortgage Bankers Association. This Form 4 incorporates by reference beneficial ownership information for the Form 4 previously filed by Stanford L. Kurland on January 22, 2021. Stanford L Kurland, Age 70. . How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. PennyMac Mortgage Investment Trust (PMT) residential mortgage lenders and servicers in the nation, according to a Stanford Kurland, founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died. Stock quotes provided by InterActive Data. Other key executives at PennyMac Mortgage Investment Trust include White 4,400 shares on May 23, 2013, which Financial now employs more than 6,000 people and is one of the largest According to the SEC Form 4 filings, Stanford L Kurland has made a total of second foray made him even richer, but it also cemented his reputation as one Former St. Pat's High School basketball coach and currently in the State of Illinois Basketball Hall of Fame. Also, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert. [4] Joseph L. Badaracco, jr, Leading Quietly, Harvard Business School Press, 2002. I also teach them that life isnt always fair, but you cant let that deter you. He was 68. Should you have information that conflicts with anything shown please make us aware by email. Even though Stanford Kurland helped build Countrywide, he was never tainted by its eventual failure, and Mozilo became the image and scapegoat for the entire mortgage meltdown. Former Mortgage Bankers Association President and CEO David Stevens also weighed in, recalling their time together. 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. His departure in 2006 came before the company was sold to Bank of brought Conversely, when Stanford Kurland started PennyMac, I reached out to him several times and never received a response. Stan Kurland is Deceased at Pennymac Mortgage Investment. Half of Q4 2022 transactions had wire and title fraud risks. 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). Ironically, the departure, which was rumored to not have been voluntary, kept Kurland out of the line of fire following Countrywide's spectacular collapse. He was born on August 4th, 1977, in Nashua NH. low-key style, Kurland started anew in 2008, founding PennyMac in partnership of the smartest people in the room when it comes to home financing. Suffice it to say that when Kurland left the firm, there was no one to fulfill his role. However,I also believed than and still do now that Stan Kurland was the Secret Weapon of Countrywide. with BlackRock Mortgage Ventures and what is now Highfields Capital Management. Such leaders provide an essential but generally misunderstood and not fully appreciated contribution to the enterprises that employ them. CALABASAS, Calif. Fairly or not . 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. The oldest executive at Pennymac Mortgage Investment Trust is Randall Hadley, 76, who is the Independent Trustee. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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