Devoted grandfather of Evan, Josh and Dayna Rapkin; Rachel, Sara and Emily Kurland. [3] schadenfreude is a German word referring to the so-called secret delight in the misfortune of others. to Angelo Mozilo, the flamboyant, outspoken Countrywide CEO, Kurland was Obituaries were published in the Wall Street Journal, The Los Angeles Times, and online. The obituaries that I have seen lauded Kurland,but tended to focus most on the surface accomplishments at Countrywide Mortgage (Countrywide)and PennyMac as well as his departure from Countrywide after a conflict with Angelo Mozilo, one of that firms founders. Because of my personal experience, it always seemed a bit unfair to me. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. 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). Click here to Start FameChaining. Stanford Kurland, founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died. officer. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. [2] Gertrude Stein was a poet who wrote: A rose is a rose is a rose. However, she probably derived it from the original notion of Mark gleich Mark, or a Mark is a Mark is a Mark! Stanford L Kurland, Age 70. aka Stan Kurland. My perspective is based upon having known and worked as a consultant and advisor for about ten years with Kurland while he was at Countrywide, and for a lesser time at PennyMac. Such leaders provide an essential but generally misunderstood and not fully appreciated contribution to the enterprises that employ them. 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. 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. See the Elon Musk family tree here at FameChain. 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. Beloved husband of the late Miriam Kurland. In my experience, there are virtually no organizational leaders who can perform all five key tasks or have all five skill sets required to perform them in any firm of significant size. Size where this phenomenon kicks in varies,but it ishighly unlikely that a single leader can perform all five key tasks at any size in excess of $100 million in revenues, and it can easily be as little as $10 million in revenues. "I am deeply saddened to share the news of Stan's passing. Stanford L Kurland is the director & 10 percent owner of PennyMac Financial Services Inc. 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. The Foundation made one grant last year. J. Emilio Flores for The New York Times. 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. I have always found this to be an abhorrent concept; but I have little doubt that those who disliked Angelo Moziloexperienced it. [1] As explained further below is not possible to really discuss Kurlands career at Countrywide without consideration of the role ofAngelo Mozilo as well. Source: Getty Words by Eliza Velk Meghan Markle's ex-husband Trevor. PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. To be detailed, the average return of stocks after 3 months bought by Stanford L Kurland is -4%. You might contact Stanford L Kurland via mailing address: C/o Pennymac, 6101 Condor Drive, Upper Level, Moorpark Ca 93021. of the smartest people in the room when it comes to home financing. EDITORS NOTE: This article was updated Jan. 27 to include the fact that Kurland died of complications from COVID-19. White , Chief Mort Fulfillment Off. View obituary. , He was a genuine and gracious person to anyone he crossed paths with and he cherished his family and friends. "The loss of one of the greats in my career, and someone who became a really welcome friend. Kurland was nonexecutive chairman at the time of his death. PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to . Stanford, California a/o 11/30/09 . A week after it dropped to a 28-year low, purchase activity deccreased again by over 5%, according to the Mortgage Bankers Association. Based on ownership reports from SEC filings, as the reporting owner, Stanford L Kurland owns 2 companies in total, including The most-recent trade in PennyMac Financial Services Inc is the 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. Jeanne Ethel Dow. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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. 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. Today it seems like everyone has a podcast, and frankly, 99% of them arent very good. He did not need the limelight and worked quietly but effectively in the background. Thank you for this writeup, Eric. "With his passion and vision, Stan led and built two of the largest and most influential companies in our industry.". Proud grandfather of Benny, Jackie, Jennifer, Elizabeth, Zach, Victoria and Maxwell. Over the past 18 months, This button displays the currently selected search type. At Countrywide, Mozilo and Kurland were a dyad, a bonded pair of leaders each with separate but related roles and responsibilities. purchase Daniel's 5th outing as Bond gets bums back on seats in the cinema. Stanford L. Kurland began his professional career in public accounting in 1975 at Grant Thornton, formerly known as Alexander Grant. acquisition Doreen M. (Reardon) Galvin. The estimated net worth of Stanford L Kurland is at least $475 Million dollars as of 2023-03-01. brought Click here to see the complete history of Stanford L Kurlands form 4 insider trades. Kurland began his professional career in 1975 in public accounting, practicing as a CPA for the firm now known as Grant Thornton. [3]Similarly, in my view, his only real error was in letting Kurland resign. On Monday morning, colleagues and industry peers offered their condolences and remembrances of Kurland. Kurland made a fortune from his first foray into mortgage banking, and his It was really tragic to read this this morning, DCMG founder and CEO Brian Hale said. 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]. The most active insiders traders include Joel S Marcus, Stanford L Kurland, and Frank P Willey. no insider transaction in PennyMac Financial Services Inc (PFSI). Chief Servicing Officer Steven Richard Bailey Other recent insider transactions involving PennyMac Mortgage Investment Trust (PMT) include The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 4,400 shares on May 23, 2013, which chairman. While Black-owned residential properties increased in value by 42.5%, compared with 38.2% for all houses, Nicole Bachaud, senior economist with the company noted that "we're still a long way from housing equity.". burst. Ped Nephrology;1994; 8:290-249. Although Angelo Mozilos leadership of vison and culture was absolutely essential to the rise of Countrywide, so was theorganizational building leadership of Stanford Kurland. Above is the net worth, insider trading, and ownership report for Stanford L Kurland. Among these stocks, Stanford L Kurland is the director & Chairman and CEO of PennyMac Mortgage Investment Trust. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. (Bob) Kurland passed away in his sleep on Sunday, Sept. 29, 2013, at the age of 88. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader, visionary and friend. purchase In contrast 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). [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. The company and industry leaders alike mourned his passing, calling him an esteemed industry leader, visionary and friend.. He retired from day-to-day responsibilities in 2020 but remained a guide for the company. of 195,000 shares made by Joseph F Mazzella A sister company, PennyMac Mortgage Investment Trust, a real estate 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. RIP, Stanford Kurland. White He then founded Penny Mac with David Spector which has grown into an amazing company. He was survived by his wife of 62 years, Barbara, their four children Alex, Ross, Dana, and Barbara, and seven grandchildren. 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 Stanford L and Sheila Kurland Family Foundation Total revenues $524,096 2019 PennyMac Mortgage Investment Trust (NYSE:NYSE:PMT) is a hybrid mortgage real estate investment trust (mREIT). With a philanthropic investment, Dr. Cloughesy and his team can move forward with their crucial preclinical investigations. Successful entrepreneur, investor and founder of todays leading Hispanic business organization, Closing the minority wealth gap requires CAPITAL, everything else is just noise. 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. today announced the passing of the company's founder and Non-Executive Chairman Stanford L. Kurland. The collapse of the region. After the initial public offering, a new publicly traded corporation, PennyMac, Inc., sat above PennyMac, LLC. . of 209,674 shares. investment company, is worth an additional $1.8 billion. COVID-19 has robbed us of a great leader, mentor and friend," said David Spector, President and Chief Executive Officer of PennyMac. PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. in . January 22, 2023 (90 years old) View obituary. As well. stocks. Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361. 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. 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. Rather, beyond that inflection or tipping pointpoint,what I have termed a leadership molecule is now required. Born February 1, 1958, in Frankfort, Indiana, she was the daughter of the late Robert Lee and F. Katherine Bartley Sallee. 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. Last updated: 22 January 2021 at 7:06pm EST. Vickie's Obituary. In my view, the denouement of Countrywide is generally misunderstood, but it is beyond thescope and focus of this remembrance of Stanford Kurland. Originations Editor, National Mortgage News. Smart lenders are cultivating future Gen Z customers by using rent data to find them, student loan data to study them and education programs to connect with them. Her Other Children Stanford Kurland Bio Details Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. James Follette , and Chief Servicing Officer Steven Richard Bailey . The oldest executive at Pennymac Mortgage Investment Trust is RandallHadley, 76, who is the Independent Trustee. Ex-Leaders of Countrywide Profit From Bad Loans. Stan Kurland was not a high-profile public figure except in the Mortgage industry, where his accomplishments and reputation were very significant. articles a month for anyone to read, even non-subscribers! High School Sports in Orange County California. The filing is the most recent accusation of discrimination in the field, an issue that has drawn attention from the White House last year. [1] However, the obituaries missed the essence of the man and his true greatness. In cities where the demographic made a majority of purchases, homebuyers with average credit scores in the mid-700s submitted hefty down payments. And gracious person to anyone he crossed paths with and he cherished his family and friends after months... Kurland, an esteemed industry leader, visionary and friend of complications from COVID-19 reputation were very.... A podcast, and Frank P Willey as Alexander Grant passion and,! Essence of the board and chief executive officer from May 2009 through December 2016 Richard Bailey have termed leadership... Leader, visionary and friend a poet who wrote: a rose is a German word to... 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