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Net Gains on Loans Held for Sale (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash loss:    
Loans $ 111,757 $ (41,242)
Hedging activities (122,666) (8,927)
Cash gain (loss), net of effects of cash hedging, on sale of loans held for sale (10,909) (50,169)
Non-cash gain:    
Mortgage servicing rights and mortgage servicing liabilities resulting from loan sales 275,739 114,957
Provision for losses relating to representations and warranties on loans sold pursuant to loan sales (3,712) (1,067)
Provision for losses relating to representations and warranties on loans sold reduction in liability due to change in estimate 1,676 4,210
Change in fair value of loans and derivatives held at year end:    
Interest rate lock commitments 178,543 16,727
Loans (72,080) (164)
Hedging derivatives (102,891) (25,741)
From non-affiliates 266,366 58,753
Recapture payable to PennyMac Mortgage Investment Trust 77,916 26,023
Net gains on loans held for sale at fair value $ 344,282 $ 84,776