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CONSOLIDATED STATEMENTS OF INCOME (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue        
Net gains on mortgage loans held for sale at fair value $ 25,949,000 $ 39,760,000 $ 108,560,000 $ 68,487,000
Loan origination fees 6,280,000 2,752,000 18,260,000 5,439,000
Loan servicing fees        
From non-affiliates 14,596,000 2,154,000 35,397,000 8,776,000
Ancillary and other fees 2,777,000 1,153,000 7,700,000 3,661,000
Net servicing income 29,562,000 10,526,000 75,873,000 34,370,000
Amortization, impairment and change in estimated fair value of mortgage servicing rights (8,163,000) (4,414,000) (16,363,000) (9,024,000)
Net servicing income 21,399,000 6,112,000 59,510,000 25,346,000
Management fees:        
Management fees 10,540,000 6,114,000 29,375,000 15,163,000
Net interest income (expense):        
Interest income 5,093,000 1,914,000 11,310,000 4,491,000
Interest expense 4,156,000 2,042,000 11,686,000 4,226,000
Net interest income (expense) 937,000 (128,000) (376,000) 265,000
Change in fair value of investment in and dividends received from affiliate 950,000 1,009,000 1,774,000 2,515,000
Other 785,000 695,000 1,842,000 1,886,000
Total net revenue 87,194,000 76,232,000 296,139,000 155,567,000
Expenses        
Compensation 35,830,000 31,856,000 113,850,000 77,756,000
Professional services 2,831,000 1,287,000 7,901,000 3,538,000
Loan origination 2,802,000 1,787,000 7,825,000 1,803,000
Technology 2,587,000 1,057,000 6,203,000 3,161,000
Servicing 1,931,000 999,000 5,072,000 2,438,000
Occupancy 796,000 394,000 1,883,000 1,078,000
Other 5,500,000 989,000 12,966,000 2,890,000
Total expenses 52,277,000 38,369,000 155,700,000 92,664,000
Income before provision for income taxes 34,917,000 37,863,000 140,439,000 62,903,000
Provision for income taxes 3,493,000   5,531,000  
Net income 31,424,000 37,863,000 134,908,000 62,903,000
Less: Net income attributable to noncontrolling interest 26,227,000   126,918,000  
Net income attributable to PennyMac Financial Services, Inc. common stockholders 5,197,000   7,990,000  
Earnings per common share        
Basic (in dollars per share) $ 0.29   $ 0.50  
Diluted (in dollars per share) $ 0.28   $ 0.50  
Weighted-average common shares outstanding        
Basic (in shares) 17,958   16,042  
Diluted (in shares) 75,876   75,867  
PennyMac Mortgage Investment Trust
       
Revenue        
Fulfillment fees from affiliate 18,327,000 17,258,000 68,625,000 31,097,000
Loan servicing fees        
From affiliates 10,738,000 4,600,000 27,251,000 13,163,000
Management fees:        
Management fees 8,539,000 3,672,000 23,486,000 7,964,000
Net interest income (expense):        
Change in fair value of investment in and dividends received from affiliate 165,000 314,000 (68,000) 630,000
Investment Funds
       
Loan servicing fees        
From affiliates 1,813,000 2,484,000 6,060,000 9,130,000
Mortgage servicing rebate (to) from Investment Funds (362,000) 135,000 (535,000) (360,000)
Management fees:        
Management fees 2,001,000 2,442,000 5,889,000 7,199,000
Carried Interest from Investment Funds $ 2,812,000 $ 3,355,000 $ 10,411,000 $ 7,254,000