Stanford L. Kurland is the former CEO of PennyMac Financial Services, Inc., and he has been an important figure in the mortgage banking industry for over 40 years. He got a degree in Economics from UCLA and started his career...
Stanford L. Kurland is the former CEO of PennyMac Financial Services, Inc., and he has been an important figure in the mortgage banking industry for over 40 years. He got a degree in Economics from UCLA and started his career at Countrywide Financial, where he held several executive roles. In 2008, he co-founded PennyMac and built it into a big player in the mortgage market. Kurland has served various positions, including Executive Chairman and Chairman of the Board, and he has played a key role in shaping the company's strategies. Notably, his compensation reached over $7.8 million in 2014, including a hefty performance-based bonus. His insider trading activity is quite interesting, with a peak value of his holdings reaching around $670 million in early 2024, indicating strong confidence in the company's direction. You could say he knows finance and mortgages inside and out, which makes him a key person to follow in the financial services space.