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Net Gain on Mortgage Loans Acquired for Sale - Summary of Net Gain on Mortgage Loans Acquired for Sale (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Non cash gain:      
Receipt of MSRs in mortgage loan sale transactions $ 275,092 $ 154,474 $ 121,333
Provision for losses relating to representations and warranties provided in mortgage loan sales      
Pursuant to mortgage loans sales (3,254) (5,771) (4,255)
Reduction in liability due to change in estimate (7,564) 0 0
Change in fair value of financial instruments held at period end:      
Net gain on mortgage loans acquired for sale 106,442 51,016 35,647
PennyMac Financial Services, Inc. [Member]      
Change in fair value of financial instruments held at period end:      
Net gain on mortgage loans acquired for sale 9,224 7,575 4,252
Nonaffiliates [Member]      
Cash loss:      
Mortgage loans (229,743) (84,489) (25,241)
Hedging activities 30,927 (17,742) (57,161)
Cash gain, net of effects of cash hedging, on sale of mortgage loans acquired for sale (198,816) (102,231) (82,402)
Non cash gain:      
Receipt of MSRs in mortgage loan sale transactions 275,092 154,474 121,333
Provision for losses relating to representations and warranties provided in mortgage loan sales      
Pursuant to mortgage loans sales (3,254) (5,771) (4,255)
Reduction in liability due to change in estimate 7,564 0 0
Change in fair value of financial instruments held at period end:      
IRLCs (869) (1,015) 4,412
Mortgage loans (1,846) (2,977) 3,825
Hedging derivatives 19,347 961 (11,518)
Total non cash portion of gain on mortgage loans acquired for sale 16,632 (3,031) (3,281)
Net gain on mortgage loans acquired for sale $ 97,218 $ 43,441 $ 31,395