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Transactions with Affiliates - Investing Activities (Details)
3 Months Ended 9 Months Ended
Dec. 19, 2016
USD ($)
item
Sep. 30, 2019
USD ($)
shares
Sep. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
shares
Sep. 30, 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   75,000    
Repurchase agreement with PennyMac Mortgage Investment Trust:            
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell pledged to creditors   $ 107,678,000   $ 107,678,000   $ 131,025,000
Activity during the year:            
Interest income on receivable from PennyMac Mortgage Investment Trust   1,527,000 $ 1,812,000 5,015,000 $ 5,686,000  
Activity during the period:            
Dividends received from PennyMac Mortgage Investment Trust   36,000 35,000 107,000 106,000  
Change in fair value of investment in Common shares of PennyMac Mortgage Investment Trust   30,000 94,000 270,000 313,000  
Balance at end of period   66,000 129,000 377,000 419,000  
Loans and Leases Receivable, Related Parties   107,678,000   107,678,000   131,025,000
Fair value of PennyMac Mortgage Investment Trust shares   $ 1,667,000   $ 1,667,000   $ 1,397,000
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   $ 1,527,000 $ 1,812,000 $ 5,015,000 $ 5,686,000