People: PennyMac Mortgage Investment Trust (PMT)

PMT on New York Consolidated

23.20USD
17 Apr 2014
Price Change (% chg)

$0.02 (+0.09%)
Prev Close
$23.18
Open
$23.10
Day's High
$23.24
Day's Low
$22.93
Volume
513,131
Avg. Vol
676,199
52-wk High
$25.77
52-wk Low
$18.95

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Summary

Name Age Since Current Position

Stanford Kurland

61 2009 Chairman of the Board of Trustees, Chief Executive Officer

David Spector

43 President, Chief Operating Officer, Trustee

Anne McCallion

59 2011 Chief Financial Officer

Jeffrey Grogin

53 2012 Chief Administrative and Legal Officer, Secretary

Vandad Fartaj

39 2010 Chief Investment Officer

Steve Bailey

52 2012 Chief Servicing Officer

Andrew Chang

36 2009 Chief Business Development Officer

Doug Jones

56 2011 Chief Correspondent Lending Officer

David Walker

58 2009 Chief Credit Officer

Randall Hadley

69 Lead Independent Trustee

Scott Carnahan

59 2009 Independent Trustee

Preston DuFauchard

56 2012 Independent Trustee

Clay Halvorsen

53 2009 Independent Trustee

Nancy McAllister

53 2012 Independent Trustee

Stacey Stewart

49 2009 Independent Trustee

Frank Willey

59 2009 Independent Trustee

Christopher Oltmann

Director - Investor Relations

Biographies

Name Description

Stanford Kurland

Mr. Stanford L. Kurland is Chairman of the Board of Trustees, Chief Executive Officer of PennyMac Mortgage Investment Trust. Mr. Kurland has been a member of the Board since formation in May 2009 and is a Class III Trustee. Mr. Kurland is Chairman and Chief Executive Officer, and he is the Chairman and Chief Executive Officer of PennyMac. Before founding PennyMac in January 2008, from January 1979 to September 2006, Mr. Kurland served as a director and held several executive positions, including president, chief financial officer and chief operating officer, at Countrywide Financial Corporation (“Countrywide”), a diversified financial services company. Mr. Kurland holds a BS from California State University, Northridge.

David Spector

Mr. David A. Spector is President, Chief Operating Officer, Trustee of PennyMac Mortgage Investment Trust. Mr. Spector has been a member of the Board since formation in May 2009 and is a Class III Trustee. Mr. Spector is President and Chief Operating Officer, and he is the President and Chief Investment Officer of PennyMac. Before joining PennyMac in March 2008, Mr. Spector was co-head of global residential mortgages for Morgan Stanley, a global financial services firm, based in London. Prior to joining Morgan Stanley in September 2006, Mr. Spector was the senior managing director, secondary marketing, at Countrywide, where he was employed from May 1990 to August 2006. Mr. Spector holds a BA from the University of California, Los Angeles.

Anne McCallion

Ms. Anne D. McCallion is Chief Financial Officer of PennyMac Mortgage Investment Trust. Ms. McCallion has been Company's Chief Financial Officer since Company's formation in May 2009 and holds the same title at PennyMac. Ms. McCallion is responsible for overseeing Company's financial management, reporting and controls, compliance, and tax management. Prior to joining PennyMac, Ms. McCallion was employed by Countrywide (and Bank of America Corporation, as its successor), where she worked in a variety of executive positions, including deputy chief financial officer and senior managing director, finance, from 1991 to 2008. Ms. McCallion is a seasoned finance and accounting executive with considerable experience in the financial services industry and, more specifically, the mortgage banking sector.

Jeffrey Grogin

Mr. Jeffrey P. Grogin is Chief Administrative and Legal Officer, Secretary of PennyMac Mortgage Investment Trust, since February 2012. Previously served as Chief Legal Officer and Secretary since formation in May 2009. He holds the title of Chief Administrative and Legal Officer, and Secretary at PennyMac, where he has served since PennyMac’s formation in January 2008. Mr. Grogin is responsible for overseeing legal management and affairs, administration and human resources. Mr. Grogin is an owner of Snood, LLC, a computer games publisher, where he has served as president since 1999.

Vandad Fartaj

Mr. Vandad Fartaj is Chief Investment Officer of PennyMac Mortgage Investment Trust, since March 3, 2010. He holds the title of Chief Capital Markets Officer at PennyMac, where he has served since April 2008. Mr. Fartaj is responsible for all capital markets and investment-related activities, including asset valuation, trading, hedging, secondary marketing, and risk management. Prior to joining PennyMac, he was employed in a positions, including vice president, whole loan trading, at Countrywide Securities Corporation, a broker-dealer, where he was employed from November 1999 to April 2008. Mr. Fartaj has substantial experience in the capital markets, mortgage-related investments, and interest rate risk and credit risk management.

Steve Bailey

Mr. Steve Bailey is Chief Servicing Officer of PennyMac Mortgage Investment Trust, since February 2012. He holds the same title at PennyMac, where he has served since April 2010. Mr. Bailey is responsible for overseeing the servicing of portfolio of mortgage loans and real estate acquired upon settlement of loans, including the implementation of the methods and programs directed at improving the value of acquired loans, as well as setting and managing performance goals for all aspects of the servicing and loan administration functions. Prior to joining PennyMac, Mr. Bailey served in a executive and leadership positions within Countrywide (and Bank of America Corporation, as its successor) from May 1985 until February 2010. Mr. Bailey is a seasoned mortgage executive with deep experience in loan servicing and administration.

Andrew Chang

Mr. Andrew S. Chang is Chief Business Development Officer of PennyMac Mortgage Investment Trust. Mr. Chang has been Company's Chief Business Development Officer since Company's formation in May 2009 and holds the same title at PennyMac, where he has served since May 2008. Mr. Chang is responsible for sourcing investment opportunities and overseeing Company's corporate development activities. Prior to joining PennyMac, from May 2005 to May 2008, Mr. Chang was a director at BlackRock, Inc. and a in its advisory services practice, specializing in financial strategy and risk management for banks and mortgage companies. Mr. Chang is an experienced financial services executive with backgrounds in corporate finance and mortgage banking.

Doug Jones

Mr. Doug Jones is Chief Correspondent Lending Officer of PennyMac Mortgage Investment Trust. Mr. Jones has been Company's Chief Correspondent Lending Officer since June 2011 and holds the same title at PennyMac. Mr. Jones is responsible for all business activities and production within Company's correspondent lending segment. Prior to joining PennyMac, Mr. Jones was the senior managing director, correspondent lending at Countrywide (and Bank of America Corporation, as its successor) from 1997 until 2011, where he was responsible for managing and overseeing Countrywide’s correspondent and warehouse lending operations. Mr. Jones is an experienced mortgage banking executive with experience in the correspondent lending and warehouse lending businesses.

David Walker

Mr. David M. Walker is Chief Credit Officer of PennyMac Mortgage Investment Trust, since May 2009. He holds the titles of Chief Operating Officer and Chief Credit Officer at PennyMac, where he has served since PennyMac’s formation in January 2008. Mr. Walker is responsible for credit and portfolio management activities, and new loan underwriting and modification standards. Prior to joining PennyMac, Mr. Walker served as chief credit officer at New World Financial from April 2007 to January 2008. From 1992 to 2007, Mr. Walker was employed in a variety of executive positions at Countrywide and its subsidiaries, including a role as chief lending officer for Countrywide Bank, N.A., where he was responsible for the bank’s lending, credit and portfolio management activities.

Randall Hadley

Mr. Randall D. Hadely is Lead Independent Trustee of PennyMac Mortgage Investment Trust. Mr. Hadley has been a member of Company's Board since August 2009. Mr. Hadley was a CPA and partner of Grant Thornton LLP, an accounting firm, including nine years as regional director of professional standards, before retiring in July 2003. He advised both public and private entities while at Grant Thornton LLP and provided various consulting services to the accounting firm following his retirement through July 2011. Mr. Hadley holds a BS from Wright State University.

Scott Carnahan

Mr. Scott W. Carnahan is an Independent Trustee of PennyMac Mortgage Investment Trust, since August 2009. Since April 2007, Mr. Carnahan has provided financial and accounting consulting services to various financial institutions. From 1992 to 1998 and from 2000 to March 2007, Mr. Carnahan was an audit and consulting partner at the professional services firm of KPMG LLP. Mr. Carnahan holds a BA and an MBA from the University of California, Irvine and is a CPA.

Preston DuFauchard

Mr. Preston DuFauchard is an Independent Trustee of PennyMac Mortgage Investment Trust, since November 7, 2012. From 2006 through December 2011, Mr. DuFauchard served as the Commissioner of the California Department of Corporations. From 1997 to 2006, Mr. DuFauchard was employed at Bank of America Corporation, a diversified financial services firm, where he held the title of Assistant General Counsel. Mr. DuFauchard holds a BA from Stanford University and a JD from the University of California, Berkeley, Boalt School of Law.

Clay Halvorsen

Mr. Clay A. Halvorsen is an Independent Trustee of PennyMac Mortgage Investment Trust, since August 2009. Mr. Halvorsen is senior vice president and general counsel of The Irvine Company, a diversified real estate firm, where he has served since February 2010, and he also holds the position of general counsel at Irvine Community Development Company, a residential real estate developer. From 1998 until February 2009, Mr. Halvorsen was the executive vice president, general counsel and secretary of Standard Pacific Corp., a NYSE listed homebuilding company. Mr. Halvorsen holds a BA from California State University, Northridge and a JD from the University of Southern California.

Nancy McAllister

Ms. Nancy McAllister is an Independent Trustee of PennyMac Mortgage Investment Trust, since November 7, 2012. From November 2008 through May 2011, Ms. McAllister served as a managing director in the financial institutions group of Credit Suisse Securities (USA) LLC, a diversified financial services firm. From 1991 to September 2008, Ms. McAllister was employed by Lehman Brothers, Inc., where she held a variety of executive positions, including managing director and co-head of the depository institutions and debt capital markets groups. Ms. McAllister holds a BA from the University of Virginia.

Stacey Stewart

Ms. Stacey D. Stewart is an Independent Trustee of PennyMac Mortgage Investment Trust, since August 2009. Since June 2009, Ms. Stewart has served in a executive positions, including president of United States operations and executive vice president for Community Impact Leadership and Learning, at United Way Worldwide, the world’s charitable organization. From February 2007 to April 2009, Ms. Stewart was a senior vice president of Fannie Mae, a government -sponsored enterprise that supports liquidity and stability in the secondary mortgage market. Ms. Stewart holds an AB from Georgetown University and an MBA from the University of Michigan.

Frank Willey

Mr. Frank P. Willey is an Independent Trustee of PennyMac Mortgage Investment Trust, since August 2009. Since February 2009, Mr. Willey has been a non-equity partner at the law firm of Hennelly & Grossfeld LLP. From 1984 to January 2009, Mr. Willey held a variety of executive positions, including president and general counsel, at Fidelity National Financial, Inc. (“Fidelity”), a provider of title insurance, specialty insurance, claims management services and information services. Mr. Willey currently serves as a director of Fidelity, where he is Vice Chairman, Winter Sports, Inc., a ski resort operator, and Fisher Communications, Inc., an integrated media company. Mr. Willey holds a BS from LeMoyne College and a JD from Albany Law School.

Christopher Oltmann

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