PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. Kurland had also been battling brain cancer.

The company and industry leaders alike mourned his passing, calling him an “esteemed industry leader, visionary and friend.”

“I am deeply saddened to share the news of Stan’s passing,” PMT President and CEO David Spector said. “COVID-19 has robbed us of a great leader, mentor and friend. Stan leaves an indelible mark not only on PennyMac, but on the mortgage industry he helped to build and shape. His storied details ⇒

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