CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash (includes $896,058 and $52,599 pledged to creditors)	$ 910,257	$ 188,291
Short-term investments at fair value	7,746	74,611
Loans held for sale at fair value (includes $4,873,662 and $4,846,138 pledged to creditors)	4,918,253	4,912,953
Derivative assets	400,302	159,686
Servicing advances, net (includes valuation allowance of $102,497 and $82,157; $197,094 and $207,460 pledged to creditors)	282,285	331,169
Mortgage servicing rights at fair value (includes $2,209,928 and $2,920,603 pledged to creditors)	2,213,539	2,926,790
Operating lease right-of-use assets	73,571	73,090
Loans eligible for repurchase	13,762,157	1,046,527
Other (includes $16,400 and $32,598 pledged to creditors)	522,625	333,557
Total assets	23,226,475	10,204,017
LIABILITIES
Assets sold under agreements to repurchase	3,759,315	4,141,053
Mortgage loans participation purchase and sale agreements	536,395	497,948
Obligations under capital lease	16,749	20,810
Notes payable secured by mortgage servicing assets	1,294,949	1,294,070
Derivative liabilities	21,154	22,330
Operating lease liabilities	93,605	91,320
Accounts payable and accrued expenses	216,399	175,273
Mortgage servicing liabilities at fair value	29,858	29,140
Income taxes payable	736,870	504,569
Liability for loans eligible for repurchase	13,762,157	1,046,527
Liability for losses under representations and warranties	25,909	21,446
Total liabilities	20,747,282	8,142,510
Commitments and contingencies - Note 15
STOCKHOLDERS' EQUITY
Additional paid-in capital	1,113,412	1,335,107
Retained earnings	1,365,774	726,392
Total stockholders' equity	2,479,193	2,061,507
Total liabilities and stockholders' equity	23,226,475	10,204,017
Common Stock
STOCKHOLDERS' EQUITY
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 72,358,167 and 78,515,047 shares respectively	7	8
PMT
ASSETS
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell pledged to creditors	90,101	107,512
Investment in PennyMac Mortgage Investment Trust at fair value	1,310	1,672
Receivable, from PennyMac Investment Trust	44,329	48,159
LIABILITIES
Excess servicing spread financing payable to PennyMac Mortgage Investment Trust at fair value	151,206	178,586
Payable to PennyMac Mortgage Investment Trust	56,558	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