Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash	$ 344,358	$ 281,085
Short-term investments at fair value	102,787	128,338
Mortgage-backed securities at fair value pledged to creditors	4,182,382	4,836,292
Loans acquired for sale at fair value ($1,649,411 and $659,751 pledged to creditors, respectively)	1,665,796	669,018
Loans at fair value ($1,427,722 and $1,431,896 pledged to creditors, respectively)	1,429,525	1,433,820
Derivative assets	66,103	89,591
Derivative assets ($29,690 and $16,160 pledged to creditors, respectively)	81,844	177,984
Deposits securing credit risk transfer arrangements pledged to creditors	1,135,447	1,209,498
Mortgage servicing rights at fair value ($3,756,894 and $3,871,249 pledged to creditors, respectively)	3,809,047	3,919,107
Servicing advances ($59,121 and $181,201 pledged to creditors, respectively)	71,124	206,151
Due from PennyMac Financial Services, Inc.	13,966	7,199
Other ($1,230 and $1,905 pledged to creditors, respectively)	224,806	252,538
Total assets	13,055,654	13,113,887
LIABILITIES
Assets sold under agreements to repurchase	5,748,461	5,624,558
Mortgage loan participation purchase and sale agreements	28,790	0
Notes payable secured by credit risk transfer and mortgage servicing assets	2,830,108	2,910,605
Unsecured senior notes	814,915	600,458
Asset-backed financings of variable interest entities at fair value	1,334,797	1,336,731
Interest-only security payable at fair value	35,098	32,667
Derivative and credit risk transfer strip liabilities at fair value	16,151	51,381
Accounts payable and accrued liabilities	114,085	354,989
Income taxes payable	155,544	190,003
Liability for losses under representations and warranties	8,315	26,143
Total liabilities	11,118,867	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 $0.0 par value; issued and outstanding, 86,860,960 and 86,624,044 common shares, respectively	869	866
Additional paid-in capital	1,924,596	1,923,437
Accumulated deficit	(530,160)	(508,695)
Total shareholders’ equity	1,936,787	1,957,090
Total liabilities and shareholders’ equity	13,055,654	13,113,887
Variable Interest Entities [Member]
ASSETS
Loans at fair value ($1,427,722 and $1,431,896 pledged to creditors, respectively)	1,427,575	1,431,689
Derivative assets	29,690	16,160
Deposits securing credit risk transfer arrangements pledged to creditors	1,135,447	1,209,498
Other interest receivable	3,936	4,106
Total assets	2,596,648	2,661,453
LIABILITIES
Asset-backed financings of variable interest entities at fair value	1,334,797	1,336,731
Interest-only security payable at fair value	35,098	32,667
Derivative and credit risk transfer strip liabilities at fair value	13,475	46,692
Accounts payable and accrued liabilities interest payable	3,936	4,106
Total liabilities	1,387,306	1,420,196
PennyMac Financial Services, Inc. [Member]
ASSETS
Due from PennyMac Financial Services, Inc.	8,538	56
LIABILITIES
Due to PennyMac Financial Services, Inc.	$ 32,603	$ 29,262