Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash	$ 281,085	$ 111,866
Short-term investments at fair value	128,338	252,271
Mortgage-backed securities at fair value pledged to creditors	4,836,292	4,462,601
Loans acquired for sale at fair value ($659,751 and $1,801,368 pledged to creditors, respectively)	669,018	1,821,933
Loans at fair value ($1,431,896 and $1,510,148 pledged to creditors, respectively)	1,433,820	1,513,399
Derivative assets at fair value	89,591	62,811
Derivative assets ($16,160 and $1,262 pledged to creditors, respectively)	177,984	84,940
Deposits securing credit risk transfer arrangements pledged to creditors	1,209,498	1,325,294
Mortgage servicing rights at fair value ($3,871,249 and $3,962,820 pledged to creditors, respectively)	3,919,107	4,012,737
Servicing advances ($181,201 and $100,888 pledged to creditors, respectively)	206,151	197,972
Due from PennyMac Financial Services, Inc.	7,199	7,657
Other ($1,905 and $3,297 pledged to creditors, respectively)	252,538	134,991
Total assets	13,113,887	13,921,564
LIABILITIES
Assets sold under agreements to repurchase	5,624,558	6,616,528
Notes payable secured by credit risk transfer and mortgage servicing assets	2,910,605	2,804,028
Unsecured senior notes	600,458	546,254
Asset-backed financing of variable interest entities at fair value	1,336,731	1,414,955
Interest-only security payable at fair value	32,667	21,925
Derivative and credit risk transfer strip liabilities at fair value	51,381	167,226
Accounts payable and accrued liabilities	354,989	160,212
Income taxes payable	190,003	151,778
Liability for losses under representations and warranties	26,143	39,471
Total liabilities	11,156,797	11,958,749
Commitments and contingencies ─ Note 17
SHAREHOLDERS’ EQUITY
Preferred shares of beneficial interest, $0.01 par value per share, authorized 100,000,000 shares, issued and outstanding 22,400,000, liquidation preference $560,000,000	541,482	541,482
Common shares of beneficial interest-authorized, 500,000,000 common shares of $0.01 par value; issued and outstanding, 86,624,044 and 88,888,889 common shares, respectively	866	889
Additional paid-in capital	1,923,437	1,947,266
Accumulated deficit	(508,695)	(526,822)
Total shareholders’ equity	1,957,090	1,962,815
Total liabilities and shareholders’ equity	13,113,887	13,921,564
Variable Interest Entities [Member]
ASSETS
Loans at fair value ($1,431,896 and $1,510,148 pledged to creditors, respectively)	1,431,689	1,509,942
Derivative assets at fair value	16,160	1,262
Deposits securing credit risk transfer arrangements pledged to creditors	1,209,498	1,325,294
Other interest receivable	4,106	4,343
Total assets	2,661,453	2,840,841
LIABILITIES
Asset-backed financing of variable interest entities at fair value	1,336,731	1,414,955
Interest-only security payable at fair value	32,667	21,925
Derivative and credit risk transfer strip liabilities at fair value	46,692	160,553
Accounts payable and accrued liabilities interest payable	4,106	4,343
Total liabilities	1,420,196	1,601,776
PennyMac Financial Services, Inc. [Member]
ASSETS
Due from PennyMac Financial Services, Inc.	56	3,560
LIABILITIES
Due to PennyMac Financial Services, Inc.	$ 29,262	$ 36,372