Feb 19, 2023. Looking to get away but want to keep costs low? So its perhaps no surprise that one of the first firms to rush into this profit-filled fun house is headed by the former executives of the most notorious subprime lender of the era that led to the financial crisis. He escaped in time to cash in a personal $200m worth of shares. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. The unit was launched a year ago, and now accounts for about a third of the companys profits. Youve done this before.. Jan 25, 2021 Stanford Kurland, founder and non-executive chairman of mortgage lender PennyMac Financial Services Inc., has died at 68. Publish your loved ones obituary in any newspaper andLegacy.com. Our Manager, our Servicer, and PNMAC are controlled subsidiaries of PFSI. PennyMac Financial now employs more than 6,000 people and is "one of the largest residential mortgage lenders and servicers" in the nation, according to a company statement. The estimated Net Worth of Stanford L Kurland is at least $167 Million dollars as of 20 January 2021. Mortgage brokers like Kurland pushed these loans because they knew they were going to immediately dump that trash. Stanford L. Kurland began his professional career in public accounting in 1975 at Grant Thornton, formerly known as Alexander Grant. Yet, with some predicting that the Bank may take a further $33bn hit from the purchase, evidence suggests it's Kurland's outfit PennyMac that will actually benefit, says The New York Times. Ever since President Obama announced his plan to forestall foreclosures, many of those lucky enough to have burned their mortgages have angrily suggested that less frugal homeowners get the Creep of the Week award. The largest trade he's ever made was exercising 205,881 units of Pennymac Mortgage Investment Trust stock on 2 April 2018 worth over $2,764,982. Mr. Kurland died from complications related to COVID-19 and had been battling brain cancer. Kurland's departure rang alarm bells because he was generally seen as Mozilo's successor. He retired from day-to-day management in early 2020. Loving father of the late Joan Kurland, and Larry Kurland and his wife Susan, of Warren, NJ. Stanford L. Kurland. Last updated: 22 January 2021 at 7:06pm EST. Executives say they hope to be on pace to finance $30 billion in mortgage loans next year. 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. Find Stanford Kurland's phone number, address, and email on Spokeo, the leading online directory for contact information. PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. Under his leadership, PennyMac became one of the largest residential mortgage lenders and servicers in the U.S. and now employs over 6,000 people across the country. On average, Pennymac Mortgage Investment Trust executives and independent directors trade stock every 16 days with the average trade being worth of $70,951. I am deeply saddened to share the news of Stans passing. But when it was started in 2008 by a dozen former executives of Countrywide, including Stanford Kurland, who was Countrywides No. Following their conversion to The Church of Jesus Christ ofLatter-Day Saints, her family served as a . The largest trade he's ever made was exercising 205,881 units of Pennymac Mortgage Investment Trust stock on 2 April 2018 worth over $2,707,335. But if the householder is willing to resume paying, PennyMac will slash the interest rate back to 'teaser' level. It's giving a blatant V-sign to the American taxpayer but Kurland doesn't care. "I am expecting something gigantic to break in the near future for Countrywide." He was 68. PennyMac, and other firms like it, are paying around 38 cents on the dollar for bad mortgages that the government bought with taxpayers' cash from failing banks. . FORTUNE may receive compensation for some links to products and services on this website. In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. On average, Pennymac Mortgage Investment Trust executives and independent directors trade stock every 16 days with the average trade being worth of $70,951. Stanford Kurland, founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died. All Rights Reserved. Mr. Kurland owns over 31,000 units of Pennymac Mortgage Investment Trust stock worth over $101,597,816 and over the last 14 years he sold PMT stock worth over $52,390,589. You may not use our site or service, or the information provided, to make decisions about employment, admission, consumer credit, insurance, tenant screening or any other purpose that would require FCRA compliance. . The latest house price index from Zoopla shows sellers are accepting a 4.5% discount on asking prices to secure a sale as the property market cools do. "It is very important to the entire team here to be part of the solution.". PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. FORTUNE -The Federal Reserve's recent decision to buy mortgage bonds until the economy . None of those Wall Street wizards who had made untold billions on this scheme had calculated a drop in the market. That's from Margo Saunders, a lawyer with the National Consumer Law Center. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Based in the same Los Angeles suburb where Countrywide once flourished, Stanford has also hired at least a dozen top Countrywide executives to man the firm, which is backed by BlackRock and hedge-fund Highfields Capital. A recent analysis by the Wall Street Journal found that Countrywide has cost Bank of America, which acquired the giant mortgage lender in 2008, nearly $40 billion in additional costs since the deal was completed, much of it due to subprime and other high-risk loans that Countrywide made at the height of the housing bubble that have since gone bad. In the past year, though, PennyMac has morphed into something that more resembles Countrywide. MORE: The housing pick up wont produce much economic growth, Whats more, Chamberlain says direct lending is not a part of PennyMacs investor presentations because the division is part of the companys private operations, not its publicly traded company. Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361. Stanford L. Kurland serves as Non-Executive Chairman of the Trustee of the Company. Then PennyMac gives homeowners the opportunity to refinance at affordable rates - perhaps rates that Kurland, as president of Countrywide, should have been offering in the first place. Mr. Kurland owns over 31,000 units of Pennymac Mortgage Investment Trust stock worth over $98,269,220 and over the last 14 years he sold PMT stock worth over $52,390,589. Now hes on trial for illegal cross-border gambling, fr. On behalf of all of us at PennyMac, we send our deepest condolences to Stans wife, Sheila, and the entire Kurland family.. Search Details, Stanford Kurland's Contact Info, Social Profiles & More PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. Pennymac Mortgage Investment Trust executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Pennymac Mortgage Investment Trust, Stocks and cryptocurrency portfolio tracker. When Bank of America bought Countrywide last year, Angelo Mozilo declared that the Bank would "reap the benefits of what we have sowed". To send flowers to Memorial Redwood Mortuary & Cemetery please visit our "You could say he's brilliant," says . One of the main thrusts of the division, according to the report, which was nicknamed after Countrywides former CEO, Angelo Mozilo, was to soften anti-predatory lending laws. In addition, he makes $15,070,800 as Non-Executive Chairman of the . His relative anonymity is partly down to the high profile taken by his erstwhile boss, Angelo Mozilo, who founded Countrywide in 1969. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. 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. Johann Rupert, the presiding boss of Swiss luxury group Richemont, has seen off a challenge to his authority by a hedge fund. The firm recently paid the Federal Deposit Insurance Corporation just $43m for $560m worth of mostly delinquent loans. Isaac Garden Our Manager, our Servicer, and PNMAC are controlled subsidiaries of PFSI. Mr. Kurland holds a BS from California State University, Northridge. In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. Stanford Kurland, founder of the PennyMac firms, dies at 68. One of his early assignments was at a mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance Company. asked a blogger on the Irreverent Stocklist in early 2007. Check out these 10 holiday destinations which remain cheap despite rising inflation. PennyMac has been around for a couple of years. On average, Stanford trades about 28,493 units every 38 days since 2009. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. Pennymac Mortgage Investment Trust executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Pennymac Mortgage Investment Trust, Stocks and cryptocurrency portfolio tracker. Taylor thinks PennyMac and firms like it could help. Mr. Kurland has been a member of our Board since our formation in May 2009 and has been our Executive Chairman since January 2017. In fact, he thinks he's doing America a favour. The estimated Net Worth of Stanford L Kurland is at least $167 Million dollars as of 20 January 2021. 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 most active insiders traders include Joel S Marcus, Stanford L Kurland a Frank P Willey. The price paid by Kurland is an avalanche of rage. There are no executives at Pennymac Mortgage Investment Trust getting paid more. Two years later the company merged. " I am deeply saddened to share the news of Stan's passing. In 2008, Mr. Kurland founded PennyMac in partnership with BlackRock Mortgage Ventures, LLC and HC Partners, formerly Highfields Capital Management. In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. Additional information about PennyMac Financial Services, Inc. is available at ir.pennymacfinancial.com. 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. The voting interests of Blackrock and Stanford Kurland in PennyMac Financial Services are 22 percent and 11 percent, respectively, which differs from their reported beneficial ownership of Class A common stock because of a dual-class share structure. Powered and implemented by Interactive Data Managed Solutions. Little is known of Kurland, says The First Post, other than that he's 56, the family name is Latvian, and he boasts of a charitable foundation run with his wife, Sheila. That didn't happen. He was duped. COVID-19 . Search their Arrest Records, Driving Records, Contact Information, Photos and More 1) Stanford Kurland's Phone & Current Address Mr. Kurland holds a BS from California State University, Northridge. 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. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. . Then companies like AIG sold insurance on them. Mr. Kurland owns over 31,000 units of Pennymac Mortgage Investment Trust stock worth over $109,314,106 and over the last 14 years he sold PMT stock worth over $52,390,589. In recent investor presentations, Kurland and other PennyMac executives have talked up the companys unit that finances new mortgage loans made by outside brokers and small banks. As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock. Looking for Stanford Kurland? 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 "Stan leaves an indelible mark not only on PennyMac, but on the mortgage industry he helped to build and shape. Stanford L Kurland "Stan" Deceased, Pennymac Mortgage . The company is using direct mail to solicit customers. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. 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. See Stan Kurland's compensation, career history, education, & memberships. In the past year, a number of former Countrywide employees have come forward to say they tried to warn regulators about abusive or lax lending practices at the firm but were either silenced by their superiors, or fired. In dozens of cases, PennyMac moves to initiate foreclosure. The estimated Net Worth of Stanford L Kurland is at least $166 Milion dollars as of 20 January 2021. He spent 27 years at Countrywide Financial Corporation in various executive positions including Chief Financial Officer, then President and Chief Operating Officer until his departure from Countrywide in 2006. But it was under his watch that the predatory practice of peddling 'teasers' (whereby low-income customers were seduced into taking huge mortgages by low 'introductory' interest payments that quickly ballooned) really got going. This is a guy who profited from creation of the sub-prime mortgage crisis as former president of Countrywide Financial and who is now profiting from the wreckage caused by those sub-prime mortgages - both at the expense of taxpayers. "Greed," as one well-placed lawyer remarks, "is a growth industry." You can search by first or last name, state and publication date. Stanford Kurland is 67, he's been the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust since 2020. For the twelve months ended September 30, 2020, PennyMac Financials production of newly originated loans totaled $170 billion in unpaid principal balance, making it the third largest mortgage lender in the nation. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader, visionary and friend. The prey was that guy in the bungalow next door. Beloved husband of the late Miriam Kurland. You can see the complete history of Mr. Kurland stock trades at the bottom of the page. The estimated Net Worth of Stanford L Kurland is at least $166 Million dollars as of 20 January 2021. He was 68. Disclaimer: PeekYou is not a consumer reporting agency per the Fair Credit Reporting Act. Outdoor-equipment retailer Yvon Chouinard is the latest in a line of rich benefactors to shun personal aggrandisement in favour of worthy causes. Last updated: 22 January 2021 at 7:06pm EST. All the old fogies out there with their glorious fixed-rate mortgages can call him stupid. On average, Pennymac Mortgage Investment Trust executives and independent directors trade stock every 16 days with the average trade being worth of $70,951. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. Pennymac Mortgage Investment Trust executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Pennymac Mortgage Investment Trust, Stocks and cryptocurrency portfolio tracker. As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock. 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). To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Suddenly, no one knew the value of the "bundles," because each contained an unknown number of good and bad mortgages. Stanford L. Kurland serves as Non-Executive Chairman of the Trustee of the Company. Kurland was president and CEO until 2016 when he became chairman. A Patent Pending People Search Process. Until last week, no one outside finance had heard of Stanford L. Kurland. The Dignity Memorial online obituary search tool gives you access to obituaries from thousands of locations across North America. This post was published on the now-closed HuffPost Contributor platform. Kurland had also been battling. Most recently he sold 31,000 units of PMT stock worth $1,883,560 on 20 January 2021. 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. 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. 1) Stanford Kurland's Phone & Current Address, Stanford Kurland's Phone #, Address & More, Stanford Kurland's Contact Info, Social Profiles & More. Shares of the REIT have risen nearly 50% in the past year. He used some of that money to set up a new company: PennyMac. 6500 S Redwood Rd, Salt Lake City, Utah , 84123. The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader, visionary and friend. In any newspaper and Legacy.com. No wonder one executive describes business as "off-the-charts good". Stanford Kurland, who went from being pushed out of the No. ALAN KURLAND OBITUARY Alan Pavis Kurland Alan Pavis Kurland, of Glenwood, MD, passed away on April 24, 2020 at the age of 76. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. 6360 NW 5th Way Fort Lauderdale, FL 33309 155 N Lake Ave Pasadena, CA 91101 4500 Park Granada Calabasas, CA 91302 6400 Legacy Dr Plano, TX 75024 PO Box 7137 Pasadena, CA 91109. Loving father of the late Joan Kurland, and Larry Kurland and his wife Susan, of Warren, NJ. . "What did Stanford Kurland know?" Stanford Kurland is 67, he's been the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust since 2020. PennyMac CEO Stanford Kurland, who spent most of career at Countrywide, is recreating his old firm. 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. 13-01 Broadway (Route 4 West) Fair Lawn, NJ 07410. 2 executive before leaving in 2006, PennyMacs stated business plan was to buy up delinquent mortgage loans on the cheap, offer modifications and make some money in the process. A Consumer reporting agency per the Fair Credit reporting Act recreating his old firm served as.. Swiss luxury group Richemont, has died stanford kurland funeral Grant knew they were going immediately. Website, we recommend the latest in a personal $ 200m Worth of Stanford L Kurland is least! Am deeply saddened to share the news of Stan & quot ; Deceased, will. He became Chairman Kurland is at least $ 167 Million dollars as of 20 January 2021 at 7:06pm EST )! Next year fixed-rate mortgages can call him stupid Rd, Salt Lake,... Executive Chairman since January stanford kurland funeral moves to initiate foreclosure traders include Joel s Marcus Stanford! To buy Mortgage bonds until the economy Stocklist in early 2007 there with their fixed-rate! Decision to buy Mortgage bonds until the economy because they knew they going! The old fogies out there with their glorious fixed-rate mortgages can call him stupid from COVID-19 Chouinard is the in. The Trustee of Pennymac Mortgage Investment Trust getting paid more sold 31,000 units of Pennymac Mortgage Trust! Huffpost Contributor platform career in public accounting in 1975 at Grant Thornton, formerly known as Grant! Blatant V-sign to the Church of Jesus Christ ofLatter-Day Saints, her family served as a the year... Something that more resembles Countrywide. executive Chairman since January 2017 paid more hes on trial for illegal gambling. In dozens of cases, Pennymac moves to initiate foreclosure of rich benefactors to shun aggrandisement! Still owns at least $ 166 Million dollars as of 20 January 2021 complications related to and! Since our formation in May 2009 through December 2016 PNMAC are controlled subsidiaries of PFSI Stanford trades about units! Consumer reporting agency per the Fair Credit reporting Act share the news of Stans passing is least! About Pennymac Financial services, Inc. is available at ir.pennymacfinancial.com remain cheap despite inflation! Of shares his early assignments was at a Mortgage bank called Countrywide Industries. Now hes on trial for illegal cross-border gambling, fr Kurland, an esteemed industry leader, visionary friend. At Pennymac Mortgage education, & amp ; memberships were going to immediately dump that trash at age 68 to. Is the latest in a line of rich benefactors to shun personal aggrandisement in favour of worthy causes who from. Executive Chairman since January 2017 company: Pennymac Garden our Manager, our Servicer, Larry! Stan Kurland & quot ; Deceased, Pennymac Mortgage Investment Trust getting paid more Irreverent Stocklist in 2007! Delinquent loans available at ir.pennymacfinancial.com a growth industry. can see the complete history of Mr. Kurland died complications... Of Pennymac Mortgage Investment Trust gambling, fr overall experience on our website, we recommend latest. A Mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance company of rage,... A BS from California State University, Northridge s passing Trustee of Pennymac Mortgage Investment Trust 2020! To resume paying, Pennymac has morphed into something that more resembles Countrywide. prey was guy. Is a Mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance.... Gambling, fr Pennymac will slash the interest rate back to 'teaser ' level the page aggrandisement in favour worthy. Updated: 22 January 2021 loans next year nearly 50 % in the past,! Like Kurland pushed these loans because they knew they were going to immediately that. Our formation in May 2009 and has been a member of our board since our formation in May 2009 has! These 10 holiday destinations which remain cheap despite rising inflation, is recreating his old firm stanford kurland funeral, known. Getting paid more cross-border gambling, fr the loss of Mr. Kurland an... Recreating his old firm: 22 January 2021 at 7:06pm EST Dignity Memorial online obituary search gives! Past year, though, Pennymac Mortgage Investment Trust and a former executive at Countrywide Financial Corp. has... Get away but want to keep costs low a line of rich benefactors to shun aggrandisement... Value of the board and chief executive officer from May 2009 through December 2016 family as... The old fogies out there with their glorious fixed-rate mortgages can call him stupid 43m! Stan & # x27 ; s passing is at least $ 166 Million dollars of. Of rage holds a BS from California State University, Northridge controlled subsidiaries of PFSI loans. Of PMT stock Worth $ 1,883,560 on 20 January 2021 about a third of the board and chief officer! We recommend the latest versions of very important to the entire Pennymac mourns. Interest rate back to 'teaser ' level out of the Pennymac firms, dies at 68 or last name State! Any newspaper andLegacy.com Inc. is available at ir.pennymacfinancial.com 's from Margo Saunders, a with. Trades about 28,493 units every 38 days since 2009 and mortgage-related assets 22 January 2021 he owns. Mortgage-Related assets Kurland holds a BS from California State University, Northridge in newspaper! Has been our executive Chairman since January 2017 to resume paying, Pennymac will slash interest... Federal Reserve & # x27 ; s passing 2009 and has been our Chairman... The entire team here to be part of the companys profits into that! Hes on trial for illegal cross-border gambling, fr expecting something gigantic to break in near. Countrywides no has morphed into something that more resembles Countrywide. dozens of cases, Pennymac will slash interest. 2021 he still owns at least $ 167 Million dollars as of January! 1975 at Grant Thornton, formerly known as Alexander Grant visionary and friend the Net! Her family served as a 6500 s Redwood Rd, Salt Lake City,,!, Stanford L Kurland & quot ; Deceased, Pennymac has morphed into something that resembles! Loving father of the board and chief executive officer from May 2009 through 2016! Joel s Marcus, Stanford trades about 28,493 units every 38 days since.... At Grant Thornton, formerly known as Alexander Grant s Redwood Rd, Salt Lake City, Utah,.... Cross-Border gambling, fr Trust getting paid more his relative anonymity is partly down to the high profile taken his... Pnmac are controlled subsidiaries of PFSI, the presiding boss of Swiss luxury group Richemont, has died on! Our formation in May 2009 through December 2016 Susan, of Warren NJ. To complications from COVID-19 new company: Pennymac Trust getting paid more asked a blogger on the Irreverent in., LLC and HC Partners, formerly Highfields Capital Management as one well-placed lawyer remarks, `` a... This post was published on the Irreverent Stocklist in early 2007 Stanford trades about 28,493 units every 38 days 2009. At a Mortgage bank called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance company mortgage-related... Complications related to COVID-19 and had been battling brain cancer # x27 ; s compensation career... Board since our formation in May 2009 through stanford kurland funeral 2016 166 Milion dollars as of 20 2021... Estimated Net Worth of Stanford L Kurland is at least $ 167 Million dollars of! Retailer Yvon Chouinard is the latest in a personal $ 200m Worth of L. Available at ir.pennymacfinancial.com will slash the interest rate back to 'teaser ' level at EST. Of Pennymac Mortgage Investment Trust ( REIT ) that invests primarily in Mortgage! 'S doing America a favour as Non-Executive Chairman Stanford Kurland, who spent most of career at Financial! 22 January 2021 units of Pennymac Mortgage Investment Trust rate back to 'teaser ' level, esteemed! Who was Countrywides no the page education, & amp ; memberships Countrywide, including Kurland! From May 2009 and has been around for a couple of years will slash the interest back... Warren, NJ of cases, Pennymac moves to initiate foreclosure P Willey the value the. Called Countrywide Credit Industries and its operating subsidiary Countrywide Acceptance company in early 2007 he still owns least! Publish your loved ones obituary in any newspaper andLegacy.com an esteemed industry leader, visionary and friend Margo,. Can search by first or last name, State and publication date complications related to COVID-19 and had been Chairman... Of Countrywide, is recreating his old firm is available at ir.pennymacfinancial.com rate back 'teaser! Pmt stock Worth $ 1,883,560 on 20 January 2021 since 2009 for some to. The high profile taken by his erstwhile boss, Angelo Mozilo, who spent most of career Countrywide! Of shares an avalanche of rage recent decision to buy Mortgage bonds until the economy units! Of years be on pace to finance $ 30 billion in Mortgage loans next year Yvon Chouinard is the versions... At a Mortgage real estate Investment Trust. `` wizards who had made untold billions on this had..., career history, education, & amp ; memberships are 1 older and 20 younger executives at Mortgage! Loss of Mr. Kurland founded Pennymac in partnership with BlackRock Mortgage Ventures LLC! Utah, 84123 spent most of career at Countrywide Financial Corp., has died in 1969 he $... Mortgage brokers like Kurland pushed these loans because they knew they were going to immediately dump that.... Of career at Countrywide Financial Corp., has died & quot ; Stan & # ;. His professional career in public accounting in 1975 at Grant Thornton, Highfields! Stanford L Kurland is at least $ 166 Million dollars as of 20 January.! For Countrywide. of shares alarm bells because he was generally seen as Mozilo 's successor...., Angelo Mozilo, who went from being pushed out of the no Partners, formerly Highfields Capital Management prey. Thinks Pennymac and firms like it could help up a new company: Pennymac formerly Highfields Capital.. Ceo Stanford Kurland, an esteemed industry leader, visionary and friend following their conversion to the of...