Stanford Kurland - PennyMac Mortgage Executive Chairman of the Board of Trustees

PMT Stock  USD 13.56  0.11  0.82%   

Chairman

Mr. Stanford L. Kurland is Executive Chairman of the Board of Trustees of the Company. Mr. Kurland was a member of our Board since our formation in May 2009 and was our Executive Chairman since January 2017. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. Mr. Kurland also was 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. 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. Our Manager, our Servicer, and PNMAC are controlled subsidiaries of PFSI. 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 Corporationrationration, or Countrywide, a diversified financial services company since 2020.
Age 66
Tenure 4 years
Address 3043 Townsgate Road, Westlake Village, CA, United States, 91361
Phone818 224 7442
Webhttps://pmt.pennymac.com
Kurland holds a BS from California State University, Northridge. We believe Mr. Kurland is qualified to serve on our Board because of his experience as our previous chief executive officer and as an accomplished financial services executive with more than 40 years of experience in the mortgage banking arena.

PennyMac Mortgage Management Efficiency

The company has Return on Asset of 0.0127 % which means that on every $100 spent on assets, it made $0.0127 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0861 %, implying that it generated $0.0861 on every 100 dollars invested. PennyMac Mortgage's management efficiency ratios could be used to measure how well PennyMac Mortgage manages its routine affairs as well as how well it operates its assets and liabilities. At this time, PennyMac Mortgage's Return On Tangible Assets are comparatively stable compared to the past year. Return On Capital Employed is likely to gain to 0.05 in 2024, whereas Return On Equity is likely to drop 0.08 in 2024. Change To Liabilities is likely to gain to about 88.3 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 439.5 M in 2024.
PennyMac Mortgage Investment has 4.85 B in debt with debt to equity (D/E) ratio of 5.24, demonstrating that the company may be unable to create cash to meet all of its financial commitments. PennyMac Mortgage has a current ratio of 0.84, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for PennyMac to invest in growth at high rates of return.

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PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California. Pennymac Mortgage operates under REITMortgage classification in the United States and is traded on New York Stock Exchange. It employs 1 people. PennyMac Mortgage Investment (PMT) is traded on New York Stock Exchange in USA. It is located in 3043 Townsgate Road, Westlake Village, CA, United States, 91361 and employs 7 people. PennyMac Mortgage is listed under Mortgage Real Estate Investment Trusts (REITs) category by Fama And French industry classification.

Management Performance

PennyMac Mortgage Leadership Team

Elected by the shareholders, the PennyMac Mortgage's board of directors comprises two types of representatives: PennyMac Mortgage inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PennyMac. The board's role is to monitor PennyMac Mortgage's management team and ensure that shareholders' interests are well served. PennyMac Mortgage's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PennyMac Mortgage's outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel Perotti, Chief Financial Officer, Senior Managing Director
Andrew Chang, Chief Financial Officer, Senior Managing Director
Anne McCallion, Senior Managing Director, Chief Enterprise Operations Officer
Derek JD, Chief MD
Scott Carnahan, Independent Trustee
Randall Hadley, Lead Independent Trustee
Derek Stark, Senior Managing Director, Chief Legal Officer, Company Secretary
Stacey Stewart, Independent Trustee
David Spector, Chairman of the Board, President, Chief Executive Officer
Jeffrey Grogin, Chief Enterprise Operations Officer, Senior Managing Director
David Walker, Chief Risk Officer, Senior Managing Director
Catherine Lynch, Independent Director
Douglas Jones, Senior Managing Director, Chief Mortgage Banking Officer
Steven Bailey, MD Officer
Nancy McAllister, Independent Trustee
Renee Schultz, Independent Trustee
Scott Bridges, Senior Division
Isaac Garden, First Relations
Mark Elbaum, Chief Officer
Gregory Hendry, Chief Officer
Frank Willey, Independent Trustee
Vandad Fartaj, Chief Investment Officer, Senior Managing Director
Preston DuFauchard, Independent Lead Trustee
Marianne Sullivan, Independent Trustee
Kevin Chamberlain, Executive Relations
William Chang, Senior Officer
Pamela CPA, MD Treasurer
Stanford Kurland, Executive Chairman of the Board of Trustees
James Follette, Senior Officer

PennyMac Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is PennyMac Mortgage a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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