Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash	$ 337,694	$ 281,085
Short-term investments at fair value	103,198	128,338
Mortgage-backed securities at fair value pledged to creditors	4,063,706	4,836,292
Loans acquired for sale at fair value ($2,087,615 and $659,751 pledged to creditors, respectively)	2,116,318	669,018
Loans at fair value ($2,191,869 and $1,431,896 pledged to creditors, respectively)	2,193,575	1,433,820
Derivative assets	96,251	89,591
Derivative assets ($29,377 and $16,160 pledged to creditors, respectively)	56,840	177,984
Deposits securing credit risk transfer arrangements pledged to creditors	1,110,708	1,209,498
Mortgage servicing rights at fair value ($3,807,065 and $3,871,249 pledged to creditors, respectively)	3,867,394	3,919,107	$ 4,012,737
Servicing advances ($89,396 and $181,201 pledged to creditors, respectively)	105,037	206,151
Due from PennyMac Financial Services, Inc.	16,706	7,199
Other ($527 and $1,905 pledged to creditors, respectively)	438,221	252,538
Total assets	14,408,706	13,113,887	13,921,564
LIABILITIES
Assets sold under agreements to repurchase	6,500,938	5,624,558
Mortgage loan participation purchase and sale agreements	11,593	0
Notes payable secured by credit risk transfer and mortgage servicing assets	2,929,790	2,910,605
Unsecured senior notes	605,860	600,458
Asset-backed financing of variable interest entities at fair value	2,040,375	1,336,731
Interest-only security payable at fair value	34,222	32,667
Derivative and credit risk transfer strip liabilities at fair value	7,351	51,381
Accounts payable and accrued liabilities	139,124	354,989
Income taxes payable	163,861	190,003
Liability for losses under representations and warranties	6,886	26,143	39,471
Total liabilities	12,470,206	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 $0.01 par value; issued and outstanding, 86,860,960 and 86,624,044 common shares, respectively	869	866
Additional paid-in capital	1,925,067	1,923,437
Accumulated deficit	(528,918)	(508,695)
Total shareholders’ equity	1,938,500	1,957,090	$ 1,962,815
Total liabilities and shareholders’ equity	14,408,706	13,113,887
Variable Interest Entities [Member]
ASSETS
Loans at fair value ($2,191,869 and $1,431,896 pledged to creditors, respectively)	2,191,709	1,431,689
Derivative assets	29,377	16,160
Deposits securing credit risk transfer arrangements pledged to creditors	1,110,708	1,209,498
Other interest receivable	6,382	4,106
Total assets	3,338,176	2,661,453
LIABILITIES
Asset-backed financing of variable interest entities at fair value	2,040,375	1,336,731
Derivative and credit risk transfer strip liabilities at fair value	4,060	46,692
Interest-only security payable at fair value	34,222	32,667
Accounts payable and accrued liabilities interest payable	6,382	4,106
Total liabilities	2,085,039	1,420,196
PennyMac Financial Services, Inc. [Member]
ASSETS
Due from PennyMac Financial Services, Inc.	16,015	56
LIABILITIES
Due to PennyMac Financial Services, Inc.	$ 30,206	$ 29,262