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Fair Value - Level 3 Input Roll Forward, Recurring Basis (Details) - Recurring basis - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter $ 10,184,315 $ 8,391,906 $ 9,212,146 $ 7,667,505
Purchases and issuances, net 1,922,823 1,259,911 5,175,280 3,348,364
Capitalization of interest and advances 29,575 15,282 67,522 40,618
Sales and repayments (804,377) (384,101) (1,856,145) (1,125,088)
Mortgage servicing rights resulting from loan sales 700,326 578,982 2,165,213 1,532,709
Changes in fair value included in income arising from:        
Changes in instrument specific credit risk 40,810 36,968 108,439 82,121
Other factors (242,964) (477,547) (723,301) (577,586)
Total changes in fair value included in income (202,154) (440,579) (614,862) (495,465)
Transfers from Level 3 to Level 2 1,158,543 (648,238) (3,046,586) (1,915,061)
To real estate acquired in settlement of loans (183)   (183)  
Transfers to loans held for sale (443,349) (346,862) (873,952) (627,281)
Exchange of mortgage servicing spread for interest only stripped mortgage-backed securities   (121,520)   (121,520)
Balance at the end of the quarter 10,228,433 8,304,781 10,228,433 8,304,781
Changes in fair value recognized during the period relating to assets still held at the end of the quarter $ (238,212) $ (467,483) $ (912,510) $ (605,081)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Servicing Asset at Fair Value, Period Increase (Decrease) Servicing Asset at Fair Value, Period Increase (Decrease) Servicing Asset at Fair Value, Period Increase (Decrease) Servicing Asset at Fair Value, Period Increase (Decrease)
Roll forward of liabilities measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter $ 1,643 $ 1,708 $ 1,683 $ 1,805
Changes in fair value included in income (50) 10 (90) (87)
Balance at the end of the quarter 1,593 1,718 1,593 1,718
Changes in fair value recognized during the period relating to liability still outstanding at the end of the quarter (50) 10 (90) (87)
Mortgage loans held for sale        
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter 510,913 400,076 434,053 478,564
Purchases and issuances, net 1,643,869 1,013,520 4,540,796 2,873,461
Capitalization of interest and advances 29,575 15,282 67,522 40,618
Sales and repayments (618,968) (384,101) (1,670,736) (1,125,088)
Changes in fair value included in income arising from:        
Changes in instrument specific credit risk 40,810 36,968 108,439 82,121
Other factors 5,428 367 19,596 (741)
Total changes in fair value included in income 46,238 37,335 128,035 81,380
Transfers from Level 3 to Level 2 1,158,543 (648,238) (3,046,586) (1,915,061)
To real estate acquired in settlement of loans (183)   (183)  
Balance at the end of the quarter 452,901 433,874 452,901 433,874
Changes in fair value recognized during the period relating to assets still held at the end of the quarter 26,561 29,833 27,716 28,536
Interest rate lock commitments        
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter 148,638 68,752 34,009 89,593
Purchases and issuances, net 292,487 246,391 656,169 474,903
Changes in fair value included in income arising from:        
Other factors 155,122 150,334 350,703 181,400
Total changes in fair value included in income 155,122 150,334 350,703 181,400
Transfers to loans held for sale (469,168) (346,862) (913,802) (627,281)
Balance at the end of the quarter 127,079 118,615 127,079 118,615
Changes in fair value recognized during the period relating to assets still held at the end of the quarter 127,079 118,615 127,079 118,615
Interest rate lock commitments | PennyMac Mortgage Investment Trust        
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter (6,485)   (444)  
Purchases and issuances, net (13,533)   (21,685)  
Changes in fair value included in income arising from:        
Other factors (11,290)   (23,210)  
Total changes in fair value included in income (11,290)   (23,210)  
Transfers to loans held for sale 25,819   39,850  
Balance at the end of the quarter (5,489)   (5,489)  
Changes in fair value recognized during the period relating to assets still held at the end of the quarter (5,489)   (5,489)  
Mortgage servicing rights        
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter 9,531,249 7,923,078 8,744,528 7,099,348
Sales and repayments (185,409)   (185,409)  
Mortgage servicing rights resulting from loan sales 700,326 578,982 2,165,213 1,532,709
Changes in fair value included in income arising from:        
Other factors (392,224) (628,248) (1,070,390) (758,245)
Total changes in fair value included in income (392,224) (628,248) (1,070,390) (758,245)
Exchange of mortgage servicing spread for interest only stripped mortgage-backed securities   (121,520)   (121,520)
Balance at the end of the quarter 9,653,942 7,752,292 9,653,942 7,752,292
Changes in fair value recognized during the period relating to assets still held at the end of the quarter $ (386,363) $ (615,931) $ (1,061,816) $ (752,232)