Related Party Transactions (Tables) - Related Party - PennyMac Mortgage Investment Trust
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6 Months Ended |
Jun. 30, 2026 |
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| Transactions with Affiliates |
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| Summary of lending activity between the Company and affiliate |
| | | | | | | | | | | | | | | Quarter ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in thousands) | Net gains on loans held for sale at fair value: | | | | | | | | | | | | | Net gains on loans sold to PMT (primarily cash) | | $ | 18,954 | | $ | 8,549 | | $ | 32,510 | | $ | 14,595 | Mortgage servicing rights recapture incurred | | | (4,857) | | | (1,474) | | | (10,664) | | | (2,682) | | | $ | 14,097 | | $ | 7,075 | | $ | 21,846 | | $ | 11,913 | Sale of loans held for sale to PMT | | $ | 4,998,391 | | $ | 1,034,884 | | $ | 9,378,680 | | $ | 1,689,692 | UPB of loans recaptured | | $ | 481,158 | | $ | 183,051 | | $ | 1,032,156 | | $ | 342,523 | | | | | | | | | | | | | | Tax service fees earned from PMT included in Loan origination fees | | $ | — | | $ | 502 | | $ | — | | $ | 979 | | | | | | | | | | | | | | Fulfillment fee revenue | | $ | 5,023 | | $ | 5,814 | | $ | 10,760 | | $ | 11,104 | UPB of loans sold to and fulfilled for PMT subject to fulfillment fees | | $ | 2,564,511 | | $ | 3,085,840 | | $ | 5,361,055 | | $ | 5,867,562 | | | | | | | | | | | | | | Sourcing fees included in cost of loans purchased from PMT | | | | | $ | 2,658 | | | | | $ | 4,673 | Unpaid principal balance of loans purchased from PMT: | | | | | | | | | | | | | Government guaranteed or insured | | | | | $ | 12,966,563 | | | | | $ | 24,158,443 | Conventional conforming | | | | | | 13,520,693 | | | | | | 22,481,489 | | | | | | $ | 26,487,256 | | | | | $ | 46,639,932 |
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| Summary of loan servicing fees earned from PMT |
| | | | | | | | | | | | | | | Quarter ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in thousands) | Base fees | | $ | 17,499 | | $ | 19,151 | | $ | 35,123 | | $ | 38,354 | Other fees | | | 2,141 | | | 2,494 | | | 4,240 | | | 5,020 | | | $ | 19,640 | | $ | 21,645 | | $ | 39,363 | | $ | 43,374 |
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| Summary of management fees earned |
| | | | | | | | | | | | | | | Quarter ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in thousands) | Base management fees | | $ | 6,810 | | $ | 6,869 | | $ | 13,572 | | $ | 13,881 | Performance incentive fees | | | — | | | — | | | — | | | — | | | $ | 6,810 | | $ | 6,869 | | $ | 13,572 | | $ | 13,881 | Average PMT's shareholders' equity used to calculate base management fees | | $ | 1,820,944 | | $ | 1,836,690 | | $ | 1,824,591 | | $ | 1,866,238 |
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| Summary of reimbursement of expenses |
| | | | | | | | | | | | | | | Quarter ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in thousands) | Reimbursement of: | | | | | | | | | | | | | Expenses incurred on PMT's behalf, net | | $ | 4,257 | | $ | 4,963 | | $ | 10,398 | | $ | 9,564 | Overhead incurred by the Company | | | 4,022 | | | 982 | | | 4,971 | | | 1,963 | Compensation | | | 1,599 | | | 1,628 | | | 3,198 | | | 3,257 | | | $ | 9,878 | | $ | 7,573 | | $ | 18,567 | | $ | 14,784 | Payments and settlements during the period (1) | | $ | 13,014 | | $ | 32,628 | | $ | 31,344 | | $ | 60,676 |
| (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 June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in thousands) | Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust shares | | $ | 2 | | $ | (105) | | $ | (35) | | $ | 80 | Sale of mortgage servicing rights to PMT | | $ | 6,370 | | $ | — | | $ | 10,292 | | $ | — |
| | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | | | | (in thousands) | Common shares of beneficial interest of PennyMac Mortgage Investment Trust: | | | | | | | Fair value | | $ | 846 | | $ | 941 | Number of shares | | | 75 | | | 75 |
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| Summary of amounts due from and payable to affiliate |
| | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | | | | (in thousands) | Receivable from PMT: | | | | | | | Management fees | | $ | 6,810 | | $ | 6,856 | Servicing fees | | | 6,536 | | | 6,669 | Allocated expenses and expenses incurred on PMT's behalf | | | 5,583 | | | 3,161 | Correspondent production activities | | | — | | | 436 | | | $ | 18,929 | | $ | 17,122 | Payable to PMT: | | | | | | | Amounts advanced by PMT to fund its servicing advances | | $ | 65,061 | | $ | 97,485 | Other | | | 17,456 | | | 19,100 | | | $ | 82,517 | | $ | 116,585 |
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