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Net Gains on Loans Held for Sale (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Cash loss:        
Loans $ (22,838) $ (107,414) $ (77,659) $ (399,457)
Hedging activities (148,128) (2,507) (230,200) 89,322
Cash gain (loss), net of effects of cash hedging, on sale of loans held for sale (170,966) (109,921) (307,859) (310,135)
Non-cash gain:        
Mortgage servicing rights and mortgage servicing liabilities resulting from loan sales 227,256 147,259 518,706 443,056
Provision for losses relating to representations and warranties on loans sold pursuant to loan sales (2,508) (1,842) (5,222) (4,550)
Provision for losses relating to representations and warranties on loans sold reduction in liability due to change in estimate 1,175 1,155 6,305 3,627
Change in fair value relating to loans and derivatives held at year end:        
Interest rate lock commitments 33,347 (18,526) 95,785 (21,109)
Loans (5,822) 6,897 (35,508) 21,407
Hedging derivatives 92,588 13,327 72,838 11,100
From non-affiliates 175,070 38,349 345,045 143,396
Recapture payable to PennyMac Mortgage Investment Trust 60,662 18,565 122,996 45,878
Net gains on loans held for sale at fair value $ 235,732 $ 56,914 $ 468,041 $ 189,274