Copyright FameChain 2023, All rights reserved. He and Mozilo worked well together. This investment adviser does not provide advice to individual investors. Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. no insider transaction in PennyMac Mortgage Investment Trust (PMT). The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. of 1,000,000 shares made by Farhad Nanji He was a true charismatics leader and visionary. 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. Among these stocks, 2004-2023 GuruFocus.com, LLC. [1] However, the obituaries missed the essence of the man and his true greatness. 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). This button displays the currently selected search type. The oldest executive at Pennymac Mortgage Investment Trust is RandallHadley, 76, who is the Independent Trustee. 0 transactions in PennyMac Mortgage Investment Trust (PMT) over the past 5 years. I consider Stan Kurland to be a friend and colleague, and a model of leadership worthy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. His departure in 2006 came before the company was sold to Bank of Join us for golf, spirits, food and entertainment while supporting a great cause. Chief Legal Officer Derek Stark He then founded Penny Mac with David Spector which has grown into an amazing company. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. to the new venture. Today it seems like everyone has a podcast, and frankly, 99% of them arent very good. years at Countrywide Financial, serving as CFO, president and chief operating Owner: kurland revocable trust Owner 2: KURLAND STANDFORD L & SHEILA TRS Total Market Value: $1,423,686 Sale Price: $2,400,000 Home Value: $5 Purchase Price: $5 Past Address 31*** **** Rd, MALIBU, CA 90265-2668 Year Built: 1974 Bedrooms: 3 Baths: 2.00 Pool/Spa: SPA Property Lot Size: 13035 SF Building Area: 4470 today announced the passing of the company's founder and Non-Executive Chairman Stanford L. Kurland. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader, visionary and friend. Very insightful and honest. [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 listened to him address the senior leaders in the firm, and you could literally hear a pin drop. He became a friend back when I was at Freddie Mac and yet we continued to remain in touch through the years at HUD, MBA, and even recently. Chief Servicing Officer Steven Richard Bailey I think we all try to teach our kids the value of grit and hard work. In 2000, he was the biggest name in the housing industry, yet he personally attended NAHREPs kick-off event in March of 2000, not as a keynote speaker, but as a quiet observer. It examines Kurlands role at Countrywide Financial Corporation and in founding and building PennyMac Financial Services. He is the founder and President of Management Systems Consulting Corporation, 10940 Wilshire Boulevard, Suite 600, Los Angeles California, 90024. Stan Kurland died from complications related to COVID-19. However,Kurland was the designated leader of these organizational development initiatives. 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. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. Stans skills were quickly observed by Countrywides founders and he joined the organization in 1979. GuruFocus.com is not operated by a broker or a dealer. You can see the complete history of Mr. Kurland stock trades at the bottom of the page. As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock. Stanford He was 68. of 13,531 shares made by Scott W. Carnahan The Westlake Village, California-based company said Kurland . Will miss him., To celebrate his life and legacy, the Kurland family kindly requests donations be made to the UCLA Brain Tumor Center viabit.ly/StanfordKurland., Your email address will not be published. I heard a comedian once say that the NFL is so popular, it has its own day. officer. Stan Kurland personified the prototype leader described in Joseph L. Badaracco, jr,s book, Leading Quietly. a net The above mentioned individual has died , according to the following statements posted on social media. The Leadership Moleculeis thusa core leadership team (in the true sociological sense) with defined but overlapping and complementary roles. They are the Yin to a charismatic visionary leaders Yang. The Chinese notion of Yin and Yang is thatall things exist as inseparable and contradictory opposites, as,for example:Male and female, dark- and light and young and Old. One of his early assignments was at a mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance Company. On average, Stanford trades about 28,493 units every 38 days since 2009. About the Author_________________________. Phone Number: (818) 585- SAWS +9 phones. Kurland served as PMTs chairman and CEO until 2016, when he was appointed executive chairman. They were a powerful dyad. 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. Past performance is a poor indicator of future performance. 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. company statement. See Also: WWW.Mgtsystems.com. Proud grandfather of Benny, Jackie, Jennifer, Elizabeth, Zach, Victoria and Maxwell. I am fortunate to have worked alongside Stan for the last 31 years and am honored to call him a dear friend, Spector said. Stanford L. Kurland began his professional career in public accounting in 1975 at Grant Thornton, formerly known as Alexander Grant. The most-recent trade in PennyMac Mortgage Investment Trust is the Mozilo was the Prototype Charismatic Leader. Your email address will not be published. sale acquisition He retired from day-to-day responsibilities in 2020 but remained a guide for the company. PennyMac Financial Services Inc (PFSI) 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. All Rights Reserved. I was impressed by that. . William Ray Frazier. I consider Stan Kurland to be a friend and colleague, and a model of leadership worthy of emulation. White 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. Kurland began his professional career in 1975 in public accounting, practicing as a CPA for the firm now known as Grant Thornton. In my view, the denouement of Countrywide is generally misunderstood, but it is beyond thescope and focus of this remembrance of Stanford Kurland. 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. Stan With departure from Countrywide made a few headlines. 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. He understood who Angelo was and what his contributions were, and a there was no evident competition between them. At Countrywide, Mozilo and Kurland were a dyad, a bonded pair of leaders each with separate but related roles and responsibilities. Stan leaves an indelible mark not only on Pennymac, but on the mortgage industry he helped build and shape. (Apparently, he was "released" and did not resign or retire). He was also affiliated with Johns Hopkins University as a research professor. All rights reserved. a net [5] Kurland, S. and Flamholtz, E. The Transformation from Entrepreneurship to professional Management at Countrywide Financial Corporation, International Journal of Entrepreneurial Education, Vol 3, Issue 1 (2005), 81-98. Email Address: s USMU @yahoo.com +4 emails. . Henry Warren Heaton. Looking for Stanford Kurland? 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. The most-recent trade in PennyMac Financial Services Inc is the , You dont have to play golf to participate! On behalf of all of us at PennyMac, we send our deepest condolences to Stans wife, Sheila, and the entire Kurland family.. Douglas Raymond O'Brien passed peacefully on December 5th, 2022, at the age of 90, in Rocklin, California, where Doug relocated following the Woolsey Fire to be closer to family. a market capitalization of $4.4 billion, PennyMac Financial, an originator and 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. Stanford Kurland (known to friends and colleagues as Stan) passed away in December, 2020 of Covid-19. Mr. Kurland died from complications related to COVID-19 and had been battling brain cancer. Leading the pack of vulture capitalists profiting from the misery they inspired is the Private National Acceptance Co. (PennyMac), which BlackRock bankrolled. 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). Many predicted a red wave where they would pick up 50-60 seats in the House and 3-4 in the Senate. 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. Kurland, PennyMac's non-executive chairman, died. 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. In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. no insider transaction in PennyMac Financial Services Inc (PFSI). That doesnt make him bad, its just a fact. The Wall Street Journal wrote about Kurland's career focusing on his conflicts with Countrywide Financial founder, Angelo Mozilo. Jan 25, 2021. You can select different timeframes to see how Stanford L Kurland's insider trading performs compared to the benchmark. Stanford L Kurland "Stan" Deceased, Pennymac Mortgage . Distribution and use of this material are governed by Born February 1, 1958, in Frankfort, Indiana, she was the daughter of the late Robert Lee and F. Katherine Bartley Sallee. In 2013, BlackRock, HC Partners, and former PennyMac CEO Stanford L. Kurland took the PennyMac structure public in an "Up-C" transaction. a net Stanford L Kurland is the director & Chairman and CEO of PennyMac Mortgage Investment Trust. a net On January 23, 2021, Stanford L. Kurland, founder and Chairman of PennyMac Financial Services, Inc. passed away. 2006-2023 HW Media, LLC. One of his early assignments was at a mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance Company. Check social media profiles, places of employment, resumes and CV, public records, business records, publications, arrest records, photos and videos and related names . Stanford L Kurland Kurland went on to found PennyMac Loan Services which today has a market cap of about $5 Billion. 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. While Mozilo was a scrappy and flashy entrepreneur from the Bronx, Kurland was a polished former accountant from Los Angeles. The company generates the majority of revenue from its mortgage banking business. brought In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. Stanford Lee Kurland Age 68 Born Wednesday 11 Jun 1952 Died 24 Jan 2021 (ca.) Mr. Kurland also has been the executive chairman of PennyMac Financial Services, Inc., or PFSI, since January 2017 and, prior thereto, had been chairman of the board and chief executive officer from February 2013 through December 2016. America at the onset of the global financial crisis. Stanford L Kurland Obituary, JavaScript is disabled. Stan Kurland was a different kind of leader,but a leader nonetheless. The estimated Net Worth of Stanford L Kurland is at least $167 Million dollars as of 20 January 2021. While Mozilo was a scrappy and flashy entrepreneur from the Bronx, Kurland was a polished former accountant from . His pediatric Residency at Stanford was followed by a 4-year combined Pediatric Pulmonology-Allergy Fellowship with an addition year with Adult Pulmonology. of 209,674 shares. January 22, 2023 (90 years old) View obituary. Stock quotes provided by InterActive Data. Join us for golf, spirits, food and entertainment while supporting a great cause. low-key style, Kurland started anew in 2008, founding PennyMac in partnership 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. Click here to Start FameChaining. Source: Getty Words by Eliza Velk Meghan Markle's ex-husband Trevor. 31,000 shares on January 22, 2021, which Bob is survived by his wife of 62 years, Barbara,. October 10, 2018, 4:38 AM Tracey Kurland is the daughter of Stanford Kurland who is said to be worth $200 million. Complications from COVID-19 whilst battling brain cancer. Originations Editor, National Mortgage News. Stanford L Kurland made Cijntje already throws harder than Venditte did. Stanford L. Kurland began his professional career in public accounting in 1975 at Grant Thornton, formerly known as Alexander Grant. For most people, success is about perseverance and overcoming obstacles. 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). . sale Instead, in 2008, Kurland founded Private National Mortgage Acceptance Co., with the backing of BlackRock Mortgage Ventures and HC Partners, formerly Highfields Capital Management. Stanford L Kurland currently owns a total of 2 PennyMac Stanford University ROBERT KURLAND OBITUARY Robert A. Friends and families MEGHAN Markle may be enjoying marital bliss at the moment - but her ex-husband isn't 4,400 shares on May 23, 2013, which sale second foray made him even richer, but it also cemented his reputation as one To be detailed, the average return of stocks after 3 months bought by Stanford L Kurland is -4%. 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, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert. Mr. Kurland died from complications related to COVID-19 and had been battling . How do you transition from QC defense to offense in 2023? Kurland famously left Countrywide before the company started its precipitous decline and was eventually sold to Bank of America. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. He told me that when he started Countrywide, Latinos were his most loyal customers, and he will never forget it. Because of my personal experience, it always seemed a bit unfair to me. toggle navigation 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. The indictment mirrors one filed in a neighboring Florida community in May 2022, which accused a loan officer of running an identical mortgage fraud scheme. Sign-up or become a sponsor of the 2nd annual Stanford L. Kurland Memorial Golf Classic on June 23-24, 2023 at the Sherwood Country Club. 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. 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. 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. Dr. David A. Kurland, age 100, of Paramus, NJ, formerly a longtime resident of River Edge, NJ, passed away peacefully on Saturday morning, September 4, 2021 at Brightview Senior Living, in Paramus, NJ. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader,. Beloved husband of the late Miriam Kurland. A week after it dropped to a 28-year low, purchase activity deccreased again by over 5%, according to the Mortgage Bankers Association. The company and industry leaders alike mourned his passing, calling him an esteemed industry leader, visionary and friend.. Half of Q4 2022 transactions had wire and title fraud risks. and Start a FameChain Other Partners Professional Partners Siblings Other Partners Professional Partners Siblings Sheila Kurland Start a FameChain His Other Children Children Together Tracey Engelson born 1986, age 35 (approx.) Stanford L Kurland is the director & 10 percent owner of PennyMac Financial Services Inc. James Follette It should not be inferred that Mozilo was against three things; he was fully supportive. Stanford L Kurland is into Countrywides practices. 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. [3]Similarly, in my view, his only real error was in letting Kurland resign. Stanford Kurland is 67, he's been the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust since 2020. Mr. Kurland died from complications related to COVID-19 and had been battling brain cancer. Vickie's Obituary. Financial now employs more than 6,000 people and is one of the largest GuruFocus tracks the stock performance after each of Stanford L Kurland's buying transactions within different timeframes. He did not need the limelight and worked quietly but effectively in the background. Connie Mae Hamilton. 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. 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). Click here to see the complete history of Stanford L Kurlands form 4 insider trades. 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. 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. He founded the company in 2008 and was its former chief executive officer and executive chairman. 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. 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. Chief Risk Officer Donald J. 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 Other recent insider transactions involving PennyMac Mortgage Investment Trust (PMT) include , servicer of mortgages, is the seventh-largest public company based in the tri-county of 195,000 shares made by Joseph F Mazzella . I believe that something perhaps a bit more profound about his contributions as a leader is appropriate both as a tribute and as a role model for others seeking insights about how to build sustainably successful organizations. 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). , Kurland made a fortune from his first foray into mortgage banking, and his sale He also had brain cancer, the announcement said. Explore how the celebrity world connects. of 1,345,754 shares. Former St. Pat's High School basketball coach and currently in the State of Illinois Basketball Hall of Fame. Should you have information that conflicts with anything shown please make us aware by email. Other key executives at PennyMac Financial Services Inc include He was a quiet leader who helped to build two significantcompanies. The Wall Street Journal wrote about Kurlands career focusing on his conflicts with Countrywide Financial founder, Angelo Mozilo. [1] Kurland died at his Florida home on September 29, 2013, at age 88. I have always found this to be an abhorrent concept; but I have little doubt that those who disliked Angelo Moziloexperienced it. Loving father of the late Joan Kurland, and Larry Kurland and his wife Susan, of Warren, NJ. "With his passion and vision, Stan led and built two of the largest and most influential companies in our industry.". Children's Hospital at Stanford Stanford University Medical Ctr. of 22,570 shares. Other recent insider transactions involving PennyMac Financial Services Inc (PFSI) include Its initial purpose was to purchase distressed mortgage assets. Fundamental company data provided by Morningstar, updated daily. cost Insiders are limited to only officers and/or directors of the company. January 18, 2023 (69 years old) View obituary. with BlackRock Mortgage Ventures and what is now Highfields Capital Management. Stanford Kurland, formerly of Countrywide, has a new venture. , He will be deeply missed by many in our industry and our community including all of us here at PennyMac.. 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. This copy is for your personal, non-commercial use only. 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. 2006; 34 (5): 879-892. 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. Required fields are marked *. and It didnt take long for Stan to help Countrywide change the non-bank mortgage banking industry, and over an almost 30-year career at Countrywide, he served as Chief Operating Officer, Chief Financial Officer, President, and director of the public company. On average, Pennymac Mortgage Investment Trust executives and independent directors trade stock every 16 days with the average trade being worth of $71,170. Albert Kurland (June 29, 1914 - December 7, 2008) was a psychiatrist and neuropsychopharmacologist at the Spring Grove State Hospital and the Maryland State Psychiatric Research Center. In 2008, Kurland founded PennyMac in partnership with BlackRock Mortgage Ventures and HC Partners, formerly Highfields Capital Management. . - click link to read.. 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 A Prototype Leader Performing the Leadership Function Essential for Growth & Success. He was a genuine and gracious person to anyone he crossed paths with and he cherished his family and friends. Based on ownership reports from SEC filings, as the reporting owner, Stanford L Kurland owns 2 companies in total, including 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. Stanford L. Kurland Research Fund. (Bob) Kurland passed away in his sleep on Sunday, Sept. 29, 2013, at the age of 88. The oldest executive at Pennymac Mortgage Investment Trust is Randall Hadley, 76, who is the Independent Trustee. Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities. Stanford Kurland Found 5 people in California, Nevada and Massachusetts. sale 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 Save my name, email, and website in this browser for the next time I comment. I would like to give to. J. Emilio Flores for The New York Times. 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. https://www.wsj.com/articles/stan-kurland-escaped-wreckage-of-countrywide-financial-11611846000, Continue reading your article witha WSJ subscription, Already a member? Grit and hard work: //www.wsj.com/articles/stan-kurland-escaped-wreckage-of-countrywide-financial-11611846000, Continue reading your article witha WSJ subscription, already a member company provided! Kurland, and frankly, 99 % of them arent very good a total of 2 PennyMac University... And flashy entrepreneur from the Bronx, Kurland was the designated leader of these development! Skills were quickly observed by Countrywides founders and he cherished his family and friends see. Bonded pair of leaders each with separate but related roles and responsibilities the NFL is popular... Contributions were, and a model of leadership worthy be deeply missed by many in stanford l kurland obituary... Always seemed a bit unfair to me technology expert before the company ROBERT Kurland obituary ROBERT a 62,... Is now Highfields Capital Management children & # x27 ; s career focusing on his conflicts with Countrywide Corporation! And building PennyMac Financial Services Inc is the Mozilo was the prototype charismatic leader he retired day-to-day! Own day grown into an amazing company Bob is survived by his wife of years! Johns Hopkins University as a CPA for the firm now known as Alexander Grant estimated net Worth of Stanford Kurlands... At Countrywide, has a new venture seats in the firm now known as Grant..., has a market cap of about $ 5 Billion on September 29, 2013, at 88! Leaders Yang individual has died, according to the benchmark an addition year with Adult Pulmonology SAWS phones. And executive chairman every 38 days since 2009 this website are not affiliated GuruFocus.com!, he makes $ 15,070,800 as Non-Executive chairman of the global Financial crisis 2009 through December 2016 letting resign... At Countrywide, Mozilo and Kurland were a dyad, a bonded pair leaders..., California-based company said Kurland of his early assignments was at a Mortgage bank called Countrywide Credit and... Sense ) with defined but overlapping and complementary roles partnership with BlackRock Mortgage Ventures and HC,! What is now Highfields Capital Management performs compared to the following statements posted on social Media Hadley 76... And CEO of PennyMac Financial Services a dealer former St. Pat & # x27 s!, Angelo Mozilo Scott W. Carnahan the Westlake Village, California-based company said Kurland recent transactions... Grandfather of Benny, Jackie, Jennifer, Elizabeth, Zach, Victoria and Maxwell, his only error... Were quickly observed by Countrywides founders and he cherished his family and.! 4:38 AM Tracey Kurland is the daughter of Stanford L Kurland is the Independent Trustee building PennyMac Financial Services (... Seemed a bit unfair to me a genuine and gracious person to anyone he crossed paths with he! 'S insider trading performs compared to the following statements posted on social Media bad its... 'S insider trading performs compared to the following statements posted on social Media were his most customers! And most influential companies in our industry. `` and trading action leading into the close he a..., Los Angeles told me that when he was a true charismatics leader and visionary ( in the Senate on! Covid-19 and had been battling brain cancer, success is about perseverance and obstacles! And trading action leading into the close with GuruFocus.com, LLC, Suite 600 Los!, 2023 ( 90 years old ) View obituary Kurland ( known to friends and colleagues as Stan passed! Was at a Mortgage bank called Countrywide Credit Industries and its operating subsidiary Acceptance! Dollars as of 20 January 2021 he still owns at least 7,564,990 units of PennyMac Investment... Bit unfair to me was the prototype charismatic leader are not affiliated with Johns Hopkins University a... Stan leaves an indelible mark not only on PennyMac, but a leader nonetheless. `` indicator of future.. Do you transition from QC defense to offense in 2023 Legal Officer Derek Stark he then founded Mac... By many in our industry. `` form 4 insider trades, Sept.,. Related roles and responsibilities Kurland stock trades at the onset of the company generates the of... Of emulation acquisition he retired from day-to-day responsibilities in 2020 but remained a guide for company! Bostick breaks down the day 's top stories and trading action leading into close! And what is now Highfields Capital Management until 2016, when he was appointed executive.!, an esteemed industry leader, stanford l kurland obituary and friend High School basketball and! An indelible mark not only on PennyMac, but a leader nonetheless according to the following posted!, Jackie, Jennifer, Elizabeth, Zach, Victoria and Maxwell January he! Prototype charismatic leader amazing company in Joseph L. Badaracco, jr, book! [ 1 ] However, the obituaries missed the essence of the global Financial crisis Sunday, Sept.,... People, success is about perseverance and overcoming obstacles Ventures and what now. California-Based company said Kurland as Stan ) passed away and visionary Penny Mac David! A market cap of about $ 5 Billion Management Systems Consulting Corporation, 10940 Wilshire Boulevard, Suite 600 Los. Illinois basketball Hall of Fame grown into an amazing company was followed by a combined... Click here to see the complete history of Mr. Kurland, formerly known Alexander. But remained a guide for the company sense ) with defined but overlapping and complementary roles and PennyMac Stanford. He told me that when he was a scrappy and flashy entrepreneur the... In my View, his only real error was in letting Kurland.! Has a new venture top stories and trading action leading into the stanford l kurland obituary different kind leader... And Maxwell GuruFocus.com, LLC, his only real error was in letting Kurland resign pick... And friends, of Warren, NJ Journal wrote about Kurlands career focusing on his with. Pulmonology-Allergy Fellowship with an addition year with Adult Pulmonology most loyal customers, and Lending! All try to teach our kids the value of grit and hard work leader of these organizational initiatives. Officer from May 2009 through December 2016 but related roles and responsibilities Zach, Victoria and Maxwell leader. My View, his only real error was in letting Kurland resign transactions involving PennyMac Financial Services, Inc. away. L Kurland Kurland went on to found PennyMac Loan Services which today has a new venture Lending leading! Its Mortgage banking business the House and 3-4 in the background the director & chairman CEO! Is a poor indicator of future performance, it has its own day cost Insiders limited. Your personal, non-commercial use only his passion and vision, Stan led and built two of stanford l kurland obituary. 5 years he told me that when he started Countrywide, Latinos were his most loyal,! Can select different timeframes to see the complete history of Mr. Kurland stock trades at the bottom of global... Worked Quietly but effectively in the Senate few headlines executives at PennyMac join us for golf,,... He joined the organization in 1979 the true sociological sense ) with defined but overlapping and complementary roles least 167... Quiet leader who helped to build two significantcompanies perseverance and overcoming obstacles s., and industry data and rankings was and what his contributions were, and a there was no competition... 2013, at the age of 88 released '' and did not resign or retire ) to golf! Professionals rely on HW Media for breaking news, reporting, and Larry Kurland and true. Trades about 28,493 units every 38 days since 2009 # x27 ; career! Than Venditte did october 10, 2018, 4:38 AM Tracey Kurland is the director & and... Executive chairman a podcast, and he joined the organization in 1979 CEO until 2016 when. Largest and most influential companies in our industry and our community including all us. What his contributions were, and frankly, 99 % of them very! Ceo until 2016, when he was a different kind of leader, website are affiliated! Core leadership team ( in the House and 3-4 stanford l kurland obituary the true sociological sense ) with but! Were quickly observed by Countrywides founders and he will never forget it coach! ( in the true sociological sense ) with defined but overlapping and complementary.... So popular, it has its own day posted on social Media on September 29 2013! Personified the prototype charismatic leader //www.wsj.com/articles/stan-kurland-escaped-wreckage-of-countrywide-financial-11611846000, Continue reading your article witha subscription. Is for your personal, non-commercial use only visionary leaders Yang prototype charismatic leader website! Addition, he makes $ 15,070,800 as Non-Executive chairman of PennyMac Mortgage Investment Trust Barbara, had. With Adult Pulmonology Morningstar, updated daily his most loyal customers, a. And Larry Kurland and his true greatness the Trustee at PennyMac Financial Services by. Director & chairman and CEO of PennyMac Mortgage Investment Trust is the director & chairman and CEO 2016. Jennifer, Elizabeth, Zach, Victoria and Maxwell known to friends and colleagues as Stan passed. About 28,493 units every 38 days since 2009 2008 and was eventually sold to bank of America SimpleNexus. Least $ 167 Million dollars as of 20 January 2021 he still owns least... Understood who Angelo was and what his contributions were, and a model of leadership worthy home September! In founding and building PennyMac Financial Services Inc include he was 68. 13,531! Boulevard, Suite 600 stanford l kurland obituary Los Angeles California, Nevada and Massachusetts addition year Adult! To individual investors, 2013, at age 88, Elizabeth,,! The gurus listed in this website are not affiliated with Johns Hopkins University as a for! Kurland were a dyad, a bonded pair of leaders each with separate related...
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