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. These loans became that oxymoron: "toxic assets." 1) Stanford Kurland's Phone & Current Address, Stanford Kurland's Phone #, Address & More, Stanford Kurland's Contact Info, Social Profiles & More. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. On average, Stanford trades about 28,493 units every 38 days since 2009. Then companies like AIG sold insurance on them. PennyMac CEO Stanford Kurland, who spent most of career at Countrywide, is recreating his old firm. 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. Following their conversion to The Church of Jesus Christ ofLatter-Day Saints, her family served as a . Stanford has made over 52 trades of the Pennymac Mortgage Investment Trust stock since 2013, according to the Form 4 filled with the SEC. While Kurland had been battling brain cancer, the cause of death was attributed to complications from COVID . Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361. 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. Stanford Kurland is 67, he's been the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust since 2020. The estimated Net Worth of Stanford L Kurland is at least $167 Million dollars as of 20 January 2021. But he wasn't. Disclaimer: PeekYou is not a consumer reporting agency per the Fair Credit Reporting Act. So far it appears to be working. 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. He was a genuine and gracious person to anyone he crossed paths with and he cherished his family and friends. 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. MORE: Card companies keep low rates for themselves, Theres free money on the table and you dont have to work that hard to get it, especially if you are the former executives of Countrywide, says Michael Widner, an analyst who covers PennyMac at brokerage firm Stifel Nicolaus. The estimated Net Worth of Stanford L Kurland is at least $166 Million dollars as of 20 January 2021. Stanford L. Kurland. If you need to flag this entry as abusive. Looking for Stanford Kurland? In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. The estimated Net Worth of Stanford L Kurland is at least $180 Million dollars as of 20 January 2021. The oldest executive at Pennymac Mortgage Investment Trust is RandallHadley, 76, who is the Independent Trustee. today announced the passing of the company's founder and Non-Executive Chairman Stanford L. Kurland. There are no executives at Pennymac Mortgage Investment Trust getting paid more. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. 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. "I am expecting something gigantic to break in the near future for Countrywide." Your email address will not be published. As the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust, the total compensation of Stanford Kurland at Pennymac Mortgage Investment Trust is $15,070,800. In the six years before he abruptly quit in 2006, Countrywide's portfolio mushroomed from $62bn to $463bn. Mr. Kurland has been a member of our Board since our formation in May 2009 and has been our Executive Chairman since January 2017. This post was published on the now-closed HuffPost Contributor platform. Our Manager, our Servicer, and PNMAC are controlled subsidiaries of PFSI. He retired from day-to-day management in early 2020. The estimated Net Worth of Stanford L Kurland is at least $167 Million dollars as of 20 January 2021. His relative anonymity is partly down to the high profile taken by his erstwhile boss, Angelo Mozilo, who founded Countrywide in 1969. MoneyWeek is part of Future plc, an international media group and leading digital publisher. That wasn't supposed to happen. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. He bought a house he couldn't afford with a mortgage he couldn't pay and then slid his credit card to get a big screen TV and a dirt bike for his kid. Mr. Kurland holds a BS from California State University, Northridge. Loving father of Dr. Susan Kurland (Dr. David) Rapkin and Kenneth (Amanda) Kurland. 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. The firm recently paid the Federal Deposit Insurance Corporation just $43m for $560m worth of mostly delinquent loans. You can see the complete history of Mr. Kurland stock trades at the bottom of the page. FORTUNE -The Federal Reserve's recent decision to buy mortgage bonds until the economy . 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). The predator was Stanford L. Kurland and his ilk who all profited a plenty from little guys not understanding that the low "introductory" interest rate would balloon into one that made the monthly payments completely unaffordable. (818) 264-4907, Internet Explorer presents a security risk. Defining and managing culture , 3. 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. Mr. Kurland has been a member of our Board since our formation in May 2009 and has been our Executive Chairman since January 2017. Devoted grandfather of Evan, Josh and Dayna Rapkin; Rachel, Sara and Emily Kurland. As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock. In the past year, though, PennyMac has morphed into something that more resembles Countrywide. 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. But when it was started in 2008 by a dozen former executives of Countrywide, including Stanford Kurland, who was Countrywides No. 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. Alan was a man of many talents, from acting to directing to. International President United Steelworkers union. COVID-19 . On average, Stanford trades about 28,493 units every 38 days since 2009. Johann Rupert, the presiding boss of Swiss luxury group Richemont, has seen off a challenge to his authority by a hedge fund. COVID-19 has robbed us of a great leader, mentor and friend, said David Spector, President and Chief Executive Officer of PennyMac. The REIT makes a small fee, just 0.03%, on those deals and the private entity pockets the rest, which is the bulk of the profits. Kurland had also been battling. "What did Stanford Kurland know?" There are no executives at Pennymac Mortgage Investment Trust getting paid more. Stanford L. Kurland serves as Non-Executive Chairman of the Trustee of the Company. As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock. Mr. Kurland died from complications related to COVID-19 and had been battling brain cancer. 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. Search address history, phone, age and more. Unlike Mozilo and other high-ranking Countrywide executives, Kurland was not charged with fraud by the Securities and Exchange Commission. "It is horrible what transpired in the industry," he sighs. 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. Search Details, Stanford Kurland's Contact Info, Social Profiles & More All rights reserved. In addition, he makes $15,070,800 as Non-Executive Chairman of the . Powered and implemented by Interactive Data Managed Solutions. 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 Kurland is Deceased at Pennymac Mortgage Investment. Offers may be subject to change without notice. The most active insiders traders include Joel S Marcus, Stanford L Kurland, and Frank P Willey. There are no executives at Pennymac Mortgage Investment Trust getting paid more. Most recently he sold 31,000 units of PMT stock worth $1,883,560 on 20 January 2021. Required fields are marked *. The oldest executive at Pennymac Mortgage Investment Trust is RandallHadley, 76, who is the Independent Trustee. Last updated: 22 January 2021 at 7:06pm EST. PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. So when PennyMac finances those loans $1.6 billion in July and August alone the public REIT passes them along to a private division of the company, which is owned and operated by PennyMacs executives and its two outside investors, asset manager Blackrock and private equity firm Highfields Capital. Our main chapel seats over 400 and we accommodate both New Jersey, New York cemeteries, and burials in Israel. Memorial Redwood Mortuary & Cemetery As the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust, the total compensation of Stanford Kurland at Pennymac Mortgage Investment Trust is $15,070,800. The price paid by Kurland is an avalanche of rage. In fact, his "excellent adventure" is going so well that PennyMac, which already holds $800m in home loans, expects the figure to rise to $15bn within 18 months. Investors Mr. Kurland holds a BS from California State University, Northridge. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. All rights reserved. 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. Mr. Kurland holds a BS from California State University, Northridge. The largest trade he's ever made was exercising 205,881 units of Pennymac Mortgage Investment Trust stock on 2 April 2018 worth over $2,674,394. 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. 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. Are housebuilder stocks looking cheap for dividend yields? Suddenly, no one knew the value of the "bundles," because each contained an unknown number of good and bad mortgages. 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. 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