Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash	$ 130,734	$ 281,085
Short-term investments at fair value	336,296	128,338
Mortgage-backed securities at fair value pledged to creditors	4,068,337	4,836,292
Loans acquired for sale at fair value ($685,231 and $659,751 pledged to creditors, respectively)	694,391	669,018
Loans at fair value ($1,376,005 and $1,431,896 pledged to creditors, respectively)	1,377,836	1,433,820
Derivative assets	73,894	89,591
Derivative assets ($24,305 and $16,160 pledged to creditors, respectively)	90,753	177,984
Deposits securing credit risk transfer arrangements pledged to creditors	1,163,268	1,209,498
Mortgage servicing rights at fair value ($3,889,087 and $3,871,249 pledged to creditors, respectively)	3,941,861	3,919,107
Servicing advances ($78,786 and $181,201 pledged to creditors, respectively)	98,989	206,151
Due from PennyMac Financial Services, Inc.	11,675	7,199
Other ($1,515 and $1,905 pledged to creditors, respectively)	178,484	252,538
Total assets	12,080,950	13,113,887
LIABILITIES
Assets sold under agreements to repurchase	4,700,225	5,624,558
Mortgage loan participation purchase and sale agreements	13,582
Notes payable secured by credit risk transfer and mortgage servicing assets	2,933,845	2,910,605
Unsecured senior notes	813,838	600,458
Asset-backed financing of variable interest entities at fair value	1,288,180	1,336,731
Interest-only security payable at fair value	32,708	32,667
Derivative and credit risk transfer strip liabilities at fair value	18,892	51,381
Accounts payable and accrued liabilities	126,314	354,989
Income taxes payable	170,901	190,003
Liability for losses under representations and warranties	13,183	26,143
Total liabilities	10,141,081	11,156,797
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 $0.01par value; issued and outstanding, 86,860,960 and 86,624,044 common shares, respectively	869	866
Additional paid-in capital	1,923,780	1,923,437
Accumulated deficit	(526,262)	(508,695)
Total shareholders’ equity	1,939,869	1,957,090
Total liabilities and shareholders’ equity	12,080,950	13,113,887
Variable Interest Entities [Member]
ASSETS
Loans at fair value ($1,376,005 and $1,431,896 pledged to creditors, respectively)	1,375,838	1,431,689
Derivative assets	24,305	16,160
Deposits securing credit risk transfer arrangements pledged to creditors	1,163,268	1,209,498
Other interest receivable	4,001	4,106
Total assets	2,567,412	2,661,453
LIABILITIES
Asset-backed financing of variable interest entities at fair value	1,288,180	1,336,731
Interest-only security payable at fair value	32,708	32,667
Derivative and credit risk transfer strip liabilities at fair value	16,974	46,692
Accounts payable and accrued liabilities interest payable	4,001	4,106
Total liabilities	1,341,863	1,420,196
PennyMac Financial Services, Inc. [Member]
ASSETS
Due from PennyMac Financial Services, Inc.	1	56
LIABILITIES
Due to PennyMac Financial Services, Inc.	$ 29,413	$ 29,262