CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash (includes $93,372 and $108,174 pledged to creditors)	$ 144,266	$ 155,289
Short-term investments at fair value	149,372	117,824
Mortgage loans held for sale at fair value (includes $2,639,669 and $2,478,858 pledged to creditors)	2,668,929	2,521,647
Derivative assets	121,153	96,347
Servicing advances, net (includes valuation allowance of $65,696 and $70,582; $147,435 and $162,895 pledged to creditors)	284,230	313,197
Mortgage servicing rights at fair value (includes $2,675,704 and $2,807,333 pledged to creditors)	2,905,090	2,820,612
Real estate acquired in settlement of loans	1,690	2,250
Operating lease right-of-use assets	56,239
Furniture, fixtures, equipment and building improvements, net (includes $15,254 and $16,281 pledged to creditors)	33,423	33,374
Capitalized software, net (includes $940 and $1,017 pledged to creditors)	45,416	39,748
Mortgage loans eligible for repurchase	1,094,702	1,102,840
Other	157,057	109,559
Total assets	7,819,000	7,478,573
LIABILITIES
Assets sold under agreements to repurchase	2,151,938	1,933,859
Mortgage loans participation purchase and sale agreements	547,879	532,251
Notes payable	1,292,736	1,292,291
Obligations under capital lease	5,091	6,605
Derivative liabilities	17,838	3,064
Operating lease liabilities	76,373
Accounts payable and accrued expenses	162,677	156,212
Mortgage servicing liabilities at fair value	7,844	8,681
Income taxes payable	414,636	400,546
Liability for mortgage loans eligible for repurchase	1,094,702	1,102,840
Liability for losses under representations and warranties	17,982	21,155
Total liabilities	6,117,808	5,824,782
Commitments and contingencies - Note 14
STOCKHOLDERS' EQUITY
Additional paid-in capital	1,311,914	1,310,648
Retained earnings	389,270	343,135
Total stockholders' equity	1,701,192	1,653,791
Total liabilities and stockholders' equity	7,819,000	7,478,573
Common Stock
STOCKHOLDERS' EQUITY
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 78,317,843 and 77,494,332 shares respectively	8	8
PMT
ASSETS
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell pledged to creditors	125,929	131,025
Investment in PennyMac Mortgage Investment Trust at fair value	1,553	1,397
Receivable, from affiliates	29,951	33,464
LIABILITIES
Excess servicing spread financing payable to PennyMac Mortgage Investment Trust at fair value	205,081	216,110
Payable to affiliates	76,494	104,631
Private National Mortgage Acceptance Company, LLC
LIABILITIES
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement	$ 46,537	$ 46,537