. To further propel the research toward clinical trials in humans, we invite you to join us by making a donation. [1] As explained further below is not possible to really discuss Kurlands career at Countrywide without consideration of the role ofAngelo Mozilo as well. He retired from day-to-day management in early 2020. [4] He was a quiet leader, very strong and impressive in his own way. I wasnt sure I could do much better, but I realized I do have some ideas that some people have found interesting in the past. Stanford L Kurland is the director & Chairman and CEO of PennyMac Mortgage Investment Trust. He has been the Chairman and Chief Executive Officer of Private National Mortgage Acceptance Company, LLC since its formation in January 2008. After retirement, Kurland and his wife, Barbara, divided time between their homes in Bartlesville, Oklahoma and Sanibel Island, Florida . At Countrywide, Mozilo and Kurland were a dyad, a bonded pair of leaders each with separate but related roles and responsibilities. The most recent stock trade was executed by Scott W. Carnahan on 22 February 2023, trading 1,786 units of PMT stock currently worth $24,093. The Leadership Moleculeis thusa core leadership team (in the true sociological sense) with defined but overlapping and complementary roles. The correspondent production segment, which generates income via purchasing, pooling, and reselling of loans or mortgage-backed securities accounts for roughly half of the company's income. low-key style, Kurland started anew in 2008, founding PennyMac in partnership 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. 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. 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%. Leading the pack of vulture capitalists profiting from the misery they inspired is the Private National Acceptance Co. (PennyMac), which BlackRock bankrolled. I listened to him address the senior leaders in the firm, and you could literally hear a pin drop. 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. White . Current Address: GCWN William Bent Rd, Calabasas, CA. 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. Chief Mort Fulfillment Off. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. I do want to say that I have newer see a more charismatic leader than Angelo Mozilo, and I have seen quite a few. The above mentioned individual has died , according to the following statements posted on social media. Its initial purpose was to purchase distressed mortgage assets. 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. Kurland was president and CEO until 2016 when he became and The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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, Mr. Kurland has been the Chairman of the Board of Trustees of PennyMac Mortgage Stanford Kurland, founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died. 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. 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. PennyMac and its employees are among a wide group of housing and mortgage professionals who are mourning Kurlands death. Stan was an icon to the industry, said Stevens, now CEO of Mountain Lake Consulting. Click here to Start FameChaining. His into Countrywides practices. Chief Servicing Officer Steven Richard Bailey of 209,674 shares. Stock quotes provided by InterActive Data. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. "I am deeply saddened to share the news of Stan's passing. 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 See Stan Kurland's compensation, career history, education, & memberships. 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. 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 [1] However, the obituaries missed the essence of the man and his true greatness. Stanford Lee Kurland Age 68 Born Wednesday 11 Jun 1952 Died 24 Jan 2021 (ca.) 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. Kurland famously left Countrywide before the company started its precipitous decline and was eventually sold to Bank of America. Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. A sister company, PennyMac Mortgage Investment Trust, a real estate It examines Kurlands role at Countrywide Financial Corporation and in founding and building PennyMac Financial Services. GuruFocus also compares Stanford L Kurland's trading performance to market benchmark return within the same time period. HW Media connects and informs decision makers across the housing economy. Distribution and use of this material are governed by Get the latest business insights from Dun & Bradstreet. He and Mozilo worked well together. Stan Kurland was not a high-profile public figure except in the Mortgage industry, where his accomplishments and reputation were very significant. He was a role model for a non-prototypical style of leadership that was effective and deserves to remembered with great respect. 31,000 shares on January 22, 2021, which James Follette , and Chief Servicing Officer Steven Richard Bailey . Plant Trees Funeral services. He was an obvious asset and sine qua non of Countrywide. Ironically, the departure, which was rumored to not have been voluntary, kept Kurland out of the line of fire following Countrywide's spectacular collapse. 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). Our Manager, our Servicer, and PNMAC are controlled subsidiaries of PFSI. officer. Thank you for this writeup, Eric. Monday, January 25th, 2021. Required fields are marked *. Join us for golf, spirits, food and entertainment while supporting a great cause. Stanford L Kurland made Stanford L Kurland Stans skills were quickly observed by Countrywides founders and he joined the organization in 1979. Looking for Stanford Kurland? He was a quiet leader who helped to build two significantcompanies. #cypress #high #high-school #california . I was impressed by that. Mr. Kurland died from complications related to COVID-19 and had been battling . Other recent insider transactions involving PennyMac Financial Services Inc (PFSI) include GuruFocus.com is not operated by a broker or a dealer. Rather than a single great leader,based on my research and experience there is actually a set of different leadership types that are required to build sustainably successful organizations. [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. His departure in 2006 came before the company was sold to Bank of America at the onset of the global financial crisis. He died way too young he was almost ego-less humble yet brilliant," former Mortgage Bankers Association CEO Dave Stevens posted on Twitter. According to the SEC Form 4 filings, Stanford L Kurland has made a total of Also, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert. As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock. 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. Stanford Kurland (known to friends and colleagues as "Stan") passed away in December, 2020 of Covid-19. Stanford L. Kurland, 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. chairman. He told me that when he started Countrywide, Latinos were his most loyal customers, and he will never forget it. See Also: WWW.Mgtsystems.com. Loving father of Dr. Susan Kurland (Dr. David) Rapkin and Kenneth (Amanda) Kurland. Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361. View Stanford L Kurland's record in Las Vegas, NV including current phone number, address, relatives, background check report, and property record with Whitepages. PennyMac Financial Services Inc (PFSI) acquisition Today it seems like everyone has a podcast, and frankly, 99% of them arent very good. 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 told me that when he started Countrywide, Latinos were his most loyal customers, and he joined organization... 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