v3.26.1
Net Gains on Loans Held for Sale (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Non-cash gain:        
Provision for losses relating to representations and warranties on loans sold pursuant to loan sales $ (5,807) $ (4,054) $ (10,275) $ (7,601)
Provision for losses relating to representations and warranties on loans sold reduction in liability due to change in estimate 3,662 2,220 6,652 3,635
Changes in fair values of loans and derivatives held at end of period:        
Net gains on loans held for sale at fair value 280,319 234,659 625,304 455,696
Nonrelated Party        
Cash losses:        
Loans (279,801) (573,210) (808,152) (849,520)
Hedging activities (307,618) (105,772) 16,421 (416,471)
Cash gain (loss), net of effects of cash hedging, on sale of loans held for sale (587,419) (678,982) (791,731) (1,265,991)
Non-cash gain:        
Mortgage servicing rights resulting from loan sales 648,681 814,538 1,368,267 1,464,887
Provision for losses relating to representations and warranties on loans sold pursuant to loan sales (5,807) (4,054) (10,275) (7,601)
Provision for losses relating to representations and warranties on loans sold reduction in liability due to change in estimate 3,662 2,220 6,652 3,635
Changes in fair values of loans and derivatives held at end of period:        
Interest rate lock commitments 32,326 32,211 13,335 108,588
Loans (73,829) (15,268) (8,829) (102,307)
Hedging derivatives 248,608 76,919 26,039 242,572
Net gains on loans held for sale at fair value 266,222 227,584 603,458 443,783
Related Party        
Changes in fair values of loans and derivatives held at end of period:        
Net gains on loans held for sale at fair value 14,097 7,075 21,846 11,913
Related Party | PennyMac Mortgage Investment Trust        
Changes in fair values of loans and derivatives held at end of period:        
Net gains on loans held for sale at fair value $ 14,097 $ 7,075 $ 21,846 $ 11,913