v3.26.3
Fair Value - Summary of Changes in Items Measured Using Level 3 Inputs on Recurring Basis (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Assets:        
Amounts received pursuant to sales of loans $ 16,926 $ 45,744 $ 88,188 $ 136,783
Interest Rate Lock Commitments with PFSI [Member]        
Assets:        
Beginning balance     2,348  
Changes in fair value included in income arising from:        
Ending balance (16,086)   (16,086)  
Recurring [Member]        
Assets:        
Beginning balance 3,676,258 3,854,330 3,751,498 3,989,252
Purchases and issuances 3,354 12,228 26,476 23,511
Repayments and sales (219,565) (20,570) (259,779) (59,418)
Accrual of unearned discounts 1,835 2,161 5,645 6,611
Amounts received pursuant to sales of loans 16,926 45,744 88,188 136,783
Changes in fair value included in income arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 126,455 (92,575) 1,018 (281,781)
Total 126,455 (92,575) 1,018 (281,781)
Loans to REO (163)   (163)  
Interest rate lock commitments to loans held for sale (2,929) (25,819) (13,114) (39,850)
Mortgage servicing rights relating to delinquent loans to Agency   284 2,402 675
Ending balance 3,602,171 3,775,783 3,602,171 3,775,783
Changes in fair value recognized during the quarter/period relating to assets 118,284 (110,880) (47,060) (337,343)
Recurring [Member] | Credit Risk Transfer Strips [Member]        
Assets:        
Beginning balance (5,428) (10,479) (5,999) (4,060)
Purchases and issuances 0 0 (0) 0
Repayments and sales (7,610) (9,651) (24,919) (29,496)
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in income arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 7,807 10,800 25,687 24,226
Total 7,807 10,800 25,687 24,226
Loans to REO 0   0  
Interest rate lock commitments to loans held for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency   0 0 0
Ending balance (5,231) (9,330) (5,231) (9,330)
Changes in fair value recognized during the quarter/period relating to assets 224 1,177 905 (5,124)
Recurring [Member] | Credit Risk Transfer Derivatives [Member]        
Assets:        
Beginning balance 30,301 31,147 32,659 29,377
Purchases and issuances 0 0 0 0
Repayments and sales 2,110 (2,662) (6,859) (8,247)
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in income arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 2,504 2,947 4,895 10,302
Total 2,504 2,947 4,895 10,302
Loans to REO 0   0  
Interest rate lock commitments to loans held for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency   0 0 0
Ending balance 30,695 31,432 30,695 31,432
Changes in fair value recognized during the quarter/period relating to assets 496 348 1,705 2,268
Recurring [Member] | Loans Held for Investment [Member]        
Assets:        
Beginning balance 1,592 1,854 1,705 1,866
Purchases and issuances 0 0 0 0
Repayments and sales (15) (99) (85) (139)
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in income arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors (53) (9) (96) 19
Total (53) (9) (96) 19
Loans to REO (163)   (163)  
Interest rate lock commitments to loans held for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency   0 0 0
Ending balance 1,361 1,746 1,361 1,746
Changes in fair value recognized during the quarter/period relating to assets (54) (31) (84) (1)
Recurring [Member] | Mortgage servicing rights [Member]        
Assets:        
Beginning balance 3,575,603 3,739,106 3,644,702 3,867,394
Purchases and issuances 0 0 0 0
Repayments and sales (204,172) 0 (204,172) 0
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 16,926 45,744 88,188 136,783
Changes in fair value included in income arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 125,403 (116,379) (17,360) (336,097)
Total 125,403 (116,379) (17,360) (336,097)
Loans to REO 0   0  
Interest rate lock commitments to loans held for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency   284 2,402 675
Ending balance 3,513,760 3,668,755 3,513,760 3,668,755
Changes in fair value recognized during the quarter/period relating to assets 125,403 (116,379) (38,927) (336,097)
Recurring [Member] | Loans Held For Sale [Member]        
Assets:        
Beginning balance 2,311 7,165 3,581 7,971
Purchases and issuances 2,005 (1,305) 10,899 1,826
Repayments and sales (1,849) (3,771) (11,874) (7,989)
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in income arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors (59) 245 (198) 526
Total (59) 245 (198) 526
Loans to REO 0   0  
Interest rate lock commitments to loans held for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency   0 0 0
Ending balance 2,408 2,334 2,408 2,334
Changes in fair value recognized during the quarter/period relating to assets (3) (15) (150) 89
Recurring [Member] | Interest Rate Lock Commitments with PFSI [Member]        
Assets:        
Beginning balance 2,945 6,485 2,348 444
Purchases and issuances 1,349 13,533 15,577 21,685
Repayments and sales 0 0 0 0
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in income arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors (17,451) 11,290 (20,897) 23,210
Total (17,451) 11,290 (20,897) 23,210
Loans to REO 0   0  
Interest rate lock commitments to loans held for sale (2,929) (25,819) (13,114) (39,850)
Mortgage servicing rights relating to delinquent loans to Agency   0 0 0
Ending balance (16,086) 5,489 (16,086) 5,489
Changes in fair value recognized during the quarter/period relating to assets (16,086) 5,489 (16,086) 5,489
Recurring [Member] | Interest-only security payable [Member]        
Liabilities:        
Beginning balance 34,299 36,553 37,650 34,222
Changes in instrument-specific credit risk\Other factors 309 5 (3,042) 2,336
Ending balance 34,608 36,558 34,608 36,558
Changes in fair value recognized during the quarter/period relating to liability 309 5 (3,042) 2,336
Recurring [Member] | Interest-only security payable [Member] | Credit Risk [Member]        
Liabilities:        
Changes in instrument-specific credit risk\Other factors 0 0 0 0
Recurring [Member] | Interest-only security payable [Member] | Other Factors [Member]        
Liabilities:        
Changes in instrument-specific credit risk\Other factors 309 5 (3,042) 2,336
Recurring [Member] | Interest-Only Stripped Mortgage-Backed Securities [Member]        
Assets:        
Beginning balance 68,934 79,052 72,502 86,260
Purchases and issuances 0 0 0 0
Repayments and sales (3,809) (4,387) (11,870) (13,547)
Accrual of unearned discounts 1,835 2,161 5,645 6,611
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in income arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 8,304 (1,469) 8,987 (3,967)
Total 8,304 (1,469) 8,987 (3,967)
Loans to REO 0   0  
Interest rate lock commitments to loans held for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency   0 0 0
Ending balance 75,264 75,357 75,264 75,357
Changes in fair value recognized during the quarter/period relating to assets $ 8,304 $ (1,469) $ 8,987 $ (3,967)