Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Net investment income | ||||
| Contractually specified | $ 153,111 | $ 162,127 | $ 305,310 | $ 322,484 |
| Other | 5,127 | 2,815 | 9,044 | 5,826 |
| Net mortgage loan servicing fees | 158,238 | 164,942 | 314,354 | 328,310 |
| Change in fair value of mortgage servicing rights | (75,128) | (50,556) | (219,718) | (78,758) |
| Mortgage servicing rights hedging results | (60,637) | (18,365) | (100,581) | (108,179) |
| Net servicing fees from non-affiliates | 23,947 | 96,494 | (3,263) | 142,199 |
| Net gains (losses) on investments and financings | 33,680 | (19,743) | 95,993 | 20,010 |
| Net gains on loans acquired for sale: | 17,806 | 12,160 | 30,150 | 26,678 |
| Loan origination fees | 3,385 | 2,451 | 6,537 | 4,459 |
| Interest income | 196,481 | 151,835 | 372,572 | 295,394 |
| Interest expense | 205,149 | 171,841 | 387,286 | 343,368 |
| Net interest income (expense) | (8,668) | (20,006) | (14,714) | (47,974) |
| Results of real estate acquired in settlement of loans | 0 | (224) | (142) | (90) |
| Other | 51 | 66 | 105 | 121 |
| Net investment income | 70,201 | 71,198 | 114,666 | 145,403 |
| Expenses | ||||
| Professional services | 8,362 | 2,366 | 15,344 | 4,124 |
| Compensation | 2,836 | 1,369 | 5,806 | 3,285 |
| Loan collection and liquidation | 2,385 | 671 | 4,354 | 2,040 |
| Safekeeping | 1,228 | 961 | 2,338 | 1,893 |
| Loan origination | 666 | 533 | 1,352 | 1,006 |
| Other | 5,127 | 2,815 | 9,044 | 5,826 |
| Total expenses | 53,195 | 42,589 | 103,959 | 84,413 |
| Income before provision for (benefit from) income taxes | 17,006 | 28,609 | 10,707 | 60,990 |
| Provision for (benefit from) income taxes | 9,472 | 3,175 | (6,507) | (12,052) |
| Net income | 7,534 | 25,434 | 17,214 | 73,042 |
| Dividends on preferred shares of beneficial interest | 10,455 | 10,454 | 20,910 | 20,909 |
| Net (loss) income attributable to common shareholders | $ (2,921) | $ 14,980 | $ (3,696) | $ 52,133 |
| (Loss) earnings per common share | ||||
| Basic | $ (0.04) | $ 0.17 | $ (0.05) | $ 0.6 |
| Diluted | $ (0.04) | $ 0.17 | $ (0.05) | $ 0.6 |
| Weighted average common shares outstanding | ||||
| Basic | 87,012 | 86,849 | 86,960 | 86,769 |
| Diluted | 87,012 | 86,849 | 86,960 | 86,769 |
| Dividends declared per common share | $ 0.4 | $ 0.4 | $ 0.8 | $ 0.8 |
| Nonaffiliates [Member] | ||||
| Net investment income | ||||
| Net servicing fees from non-affiliates | $ 22,473 | $ 96,021 | $ (5,945) | $ 141,373 |
| Net gains on loans acquired for sale: | 15,148 | 10,110 | 25,477 | 23,023 |
| Expenses | ||||
| Other | 3,390 | 4,865 | 6,406 | 8,775 |
| PennyMac Financial Services, Inc. [Member] | ||||
| Net investment income | ||||
| From PennyMac Financial Services, Inc. | 1,474 | 473 | 2,682 | 826 |
| Net gains on loans acquired for sale: | 2,658 | 2,050 | 4,673 | 3,655 |
| Expenses | ||||
| Loan servicing fees | 21,645 | 20,264 | 43,374 | 40,526 |
| Management fees | 6,869 | 7,133 | 13,881 | 14,321 |
| Loan fulfillment fees | $ 5,814 | $ 4,427 | $ 11,104 | $ 8,443 |
| X | ||||||||||
- Definition Hedging Gains And Losses On Mortgage Servicing Assets Net. No definition available.
|
| X | ||||||||||
- Definition The fees paid by the reporting entity to an affiliate for services performed in connection with the acquisition, packaging and sale of the reporting entity's mortgage loans. No definition available.
|
| X | ||||||||||
- Definition Fees charged to correspondent lenders and borrowers relating to the purchase or origination of mortgage loans. No definition available.
|
| X | ||||||||||
- Definition The amount of expenses for mortgage loan collection and liquidation costs on distressed mortgage loans. No definition available.
|
| X | ||||||||||
- Definition Mortgage loan other servicing fees. No definition available.
|
| X | ||||||||||
- Definition Represents MSR recapture earned from an affiliate under a recapture agreement during the period. Recapture amounts represent fees earned relating to mortgage loans subject to existing excess servicing spread that are refinanced by the affiliate. No definition available.
|
| X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock No definition available.
|
| X | ||||||||||
- Definition Expense incurred for the safekeeping of loan documents. No definition available.
|
| X | ||||||||||
- Definition Servicing income (loss) net of valuation adjustments and fair value impairment for MSRs. No definition available.
|
| X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition All amounts that, per contract, are due to the servicer in exchange for servicing the financial asset and would no longer be received by a servicer if the beneficial owners of the serviced assets (or their trustees or agents) were to exercise their actual or potential authority under the contract to shift the servicing to another servicer. Depending on the servicing contract, those fees may include some or all of the difference between the interest rate collected on the asset being serviced and the rate to be paid to the beneficial owners of the asset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of contractually specified servicing fee, late fee, and ancillary fee recognized as income for servicing asset and servicing liability. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The loan servicing fees paid to third parties that relate to loan expenses for a portfolio containing the entire group of loans owned by the company. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Expenses paid for obtaining loans which includes expenses such as application and origination fees. No definition available.
|
| X | ||||||||||
- Definition Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
|
| X | ||||||||||
- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
| X | ||||||||||
- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income after deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The increase (decrease) in the fair value of servicing assets that are subsequently measured at fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|