Related Party Transactions (Tables) - Related Party - PennyMac Mortgage Investment Trust
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3 Months Ended |
Mar. 31, 2026 |
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| Transactions with Affiliates |
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| Summary of lending activity between the Company and affiliate |
| | | | | | | | | Quarter ended March 31, | | | 2026 | | 2025 | | | | (in thousands) | Net gains on loans held for sale at fair value: | | | | | | | Net gains on loans sold to PMT (primarily cash) | | $ | 13,556 | | $ | 6,046 | Mortgage servicing rights recapture incurred | | | (5,807) | | | (1,208) | | | $ | 7,749 | | $ | 4,838 | Sale of loans held for sale to PMT | | $ | 4,380,289 | | $ | 654,808 | UPB of loans recaptured | | $ | 550,998 | | $ | 159,472 | | | | | | | | Tax service fees earned from PMT included in Loan origination fees | | $ | — | | $ | 477 | | | | | | | | Fulfillment fee revenue | | $ | 5,737 | | $ | 5,290 | UPB of loans sold to and fulfilled for PMT subject to fulfillment fees | | $ | 2,796,544 | | $ | 2,781,722 | | | | | | | | Sourcing fees included in cost of loans purchased from PMT | | $ | — | | $ | 2,015 | Unpaid principal balance of loans purchased from PMT: | | | | | | | Government guaranteed or insured | | $ | — | | $ | 11,191,880 | Conventional conforming | | | — | | | 8,960,796 | | | $ | — | | $ | 20,152,676 |
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| Summary of loan servicing fees earned from PMT |
| | | | | | | | | Quarter ended March 31, | | | 2026 | | 2025 | | | | (in thousands) | Base fees | | $ | 17,624 | | $ | 19,202 | Other fees | | | 2,099 | | | 2,527 | | | $ | 19,723 | | $ | 21,729 |
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| Summary of management fees earned |
| | | | | | | | | Quarter ended March 31, | | | 2026 | | 2025 | | | | (in thousands) | Base management fees | | $ | 6,762 | | $ | 7,012 | Performance incentive fees | | | — | | | — | | | $ | 6,762 | | $ | 7,012 | Average PMT's shareholders' equity used to calculate base management fees | | $ | 1,828,237 | | $ | 1,895,785 |
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| Summary of reimbursement of expenses |
| | | | | | | | | Quarter ended March 31, | | | 2026 | | 2025 | | | | (in thousands) | Reimbursement of: | | | | | | | Expenses incurred on PMT's behalf, net | | $ | 6,141 | | $ | 4,601 | Compensation | | | 1,599 | | | 1,629 | Common overhead incurred by the Company | | | 949 | | | 981 | | | $ | 8,689 | | $ | 7,211 | Payments and settlements during the quarter (1) | | $ | 18,330 | | $ | 28,048 |
| (1) | Payments and settlements include payments and netting settlements made pursuant to master netting agreements between the Company and PMT for the operating, investing and financing activities itemized in this Note. |
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| Summary of investing activity between the Company and affiliate |
| | | | | | | | | Quarter ended March 31, | | | 2026 | | 2025 | | | | (in thousands) | Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust shares | | $ | (37) | | $ | 185 | Sale of Mortgage servicing rights to PMT | | $ | 3,922 | | $ | — |
| | | | | | | | | March 31, | | December 31, | | | 2026 | | 2025 | | | | (in thousands) | Common shares of beneficial interest of PennyMac Mortgage Investment Trust: | | | | | | | Fair value | | $ | 875 | | $ | 941 | Number of shares | | | 75 | | | 75 |
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| Summary of amounts due from and payable to affiliate |
| | | | | | | | | March 31, | | December 31, | | | 2026 | | 2025 | | | | (in thousands) | Receivable from PMT: | | | | | | | Management fees | | $ | 6,762 | | $ | 6,856 | Servicing fees | | | 6,622 | | | 6,669 | Allocated expenses and expenses incurred on PMT's behalf | | | 3,931 | | | 3,161 | Correspondent production activities | | | 185 | | | 436 | | | $ | 17,500 | | $ | 17,122 | Payable to PMT: | | | | | | | Amounts advanced by PMT to fund its servicing advances | | $ | 79,881 | | $ | 97,485 | Other | | | 16,152 | | | 19,100 | | | $ | 96,033 | | $ | 116,585 |
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