CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash (includes $773,361 and $52,599 pledged to creditors)	$ 878,826	$ 188,291
Short-term investments at fair value	1,884	74,611
Loans held for sale at fair value (includes $5,493,332 and $4,846,138 pledged to creditors)	5,541,987	4,912,953
Derivative assets	433,211	159,686
Servicing advances, net (includes valuation allowance of $80,784 and $82,157; $182,531 and $207,460 pledged to creditors)	299,550	331,169
Mortgage servicing rights at fair value (includes $2,163,928 and $2,920,603 pledged to creditors)	2,193,697	2,926,790
Real estate acquired in settlement of loans	20,197	20,326
Operating lease right-of-use assets	71,639	73,090
Furniture, fixtures, equipment and building improvements, net (includes $7,392 and $20,406 pledged to creditors)	29,177	30,480
Capitalized software, net (includes $10,606 and $12,192 pledged to creditors)	74,183	63,130
Loans eligible for repurchase	980,618	1,046,527
Other	209,378	219,621
Total assets	10,891,133	10,204,017
LIABILITIES
Assets sold under agreements to repurchase	4,444,545	4,141,053
Mortgage loans participation purchase and sale agreements	528,750	497,948
Obligations under capital lease	18,145	20,810
Notes payable secured by mortgage servicing assets	1,294,514	1,294,070
Derivative liabilities	43,152	22,330
Operating lease liabilities	89,829	91,320
Accounts payable and accrued expenses	198,897	175,273
Mortgage servicing liabilities at fair value	29,761	29,140
Income taxes payable	613,043	504,569
Liability for loans eligible for repurchase	980,618	1,046,527
Liability for losses under representations and warranties	23,202	21,446
Total liabilities	8,527,004	8,142,510
Commitments and contingencies - Note 14
STOCKHOLDERS' EQUITY
Additional paid-in capital	1,341,219	1,335,107
Retained earnings	1,022,902	726,392
Total stockholders' equity	2,364,129	2,061,507
Total liabilities and stockholders' equity	10,891,133	10,204,017
Common Stock
STOCKHOLDERS' EQUITY
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 79,190,245 and 78,515,047 shares respectively	8	8
PMT
ASSETS
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell pledged to creditors	99,766	107,512
Investment in PennyMac Mortgage Investment Trust at fair value	797	1,672
Receivable, from PennyMac Investment Trust	56,223	48,159
LIABILITIES
Excess servicing spread financing payable to PennyMac Mortgage Investment Trust at fair value	157,109	178,586
Payable to PennyMac Mortgage Investment Trust	59,281	73,280
Private National Mortgage Acceptance Company, LLC
LIABILITIES
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement	$ 46,158	$ 46,158