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Transactions with Affiliates - Investing Activities (Details)
3 Months Ended
Dec. 19, 2016
USD ($)
item
Mar. 31, 2019
USD ($)
shares
Mar. 31, 2018
USD ($)
Dec. 31, 2018
USD ($)
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    
Repurchase agreement with PennyMac Mortgage Investment Trust:        
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell pledged to creditors   $ 125,929,000   $ 131,025,000
Activity during the year:        
Interest income on receivable from PennyMac Mortgage Investment Trust   1,796,000 $ 1,976,000  
Activity during the period:        
Dividends received from PennyMac Mortgage Investment Trust   36,000 35,000  
Change in fair value of investment in Common shares of PennyMac Mortgage Investment Trust   156,000 147,000  
Balance at end of period   192,000 182,000  
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell   125,929,000   131,025,000
Fair value of PennyMac Mortgage Investment Trust shares   $ 1,553,000   $ 1,397,000
Number of shares | shares   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   $ 1,796,000 $ 1,976,000