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Net Gains on Loans Held for Sale (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash loss:        
Loans $ 502,416 $ (13,579) $ 614,173 $ (54,821)
Hedging activities (227,013) (73,145) (349,679) (82,072)
Cash gain (loss), net of effects of cash hedging, on sale of loans held for sale 275,403 (86,724) 264,494 (136,893)
Non-cash gain:        
Mortgage servicing rights and mortgage servicing liabilities resulting from loan sales 225,534 176,493 501,273 291,450
Provision for losses relating to representations and warranties on loans sold pursuant to loan sales (4,189) (1,647) (7,901) (2,714)
Provision for losses relating to representations and warranties on loans sold reduction in liability due to change in estimate 1,270 920 2,946 5,130
Change in fair value of loans and derivatives held at period end:        
Interest rate lock commitments 52,871 45,711 231,414 62,438
Loans 10,978 (29,522) (61,102) (29,686)
Hedging derivatives 125,898 5,991 23,007 (19,750)
From non-affiliates 687,765 111,222 954,131 169,975
Recapture payable to PennyMac Mortgage Investment Trust (5,592) 36,311 72,324 62,334
Net gains on loans held for sale at fair value $ 682,173 $ 147,533 $ 1,026,455 $ 232,309