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Transactions with Affiliates - Investing Activities (Details)
3 Months Ended 9 Months Ended
Dec. 19, 2016
USD ($)
item
Sep. 30, 2018
USD ($)
shares
Sep. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
shares
Sep. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
shares
PennyMac Holdings, L L C Repurchase Agreement            
Transactions with Affiliates            
Number of subsidiaries entered into master repurchase agreement | item 1          
Maximum principal balance of VFN $ 1,000,000,000          
PMT            
Transactions with Affiliates            
Common shares of beneficial interest owned | shares   75,000   75,000    
Activity during the year:            
Interest income on receivable from PennyMac Mortgage Investment Trust   $ 1,812,000 $ 2,116,000 $ 5,686,000 $ 5,946,000  
Activity during the period:            
Dividends received from PennyMac Mortgage Investment Trust   35,000 35,000 106,000 106,000  
Change in fair value of investment in Common shares of PennyMac Mortgage Investment Trust   94,000 (68,000) 313,000 76,000  
Balance at end of period   129,000 (33,000) 419,000 182,000  
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell   133,128,000   133,128,000   $ 144,128,000
Fair value of PennyMac Mortgage Investment Trust shares   $ 1,518,000   $ 1,518,000   $ 1,205,000
Number of shares | shares   75,000   75,000   75,000
PMT | PennyMac Holdings, L L C Repurchase Agreement            
Activity during the year:            
Interest income on receivable from PennyMac Mortgage Investment Trust   $ 1,812,000 $ 2,116,000 $ 5,686,000 $ 5,946,000