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Net Interest Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Cash and short-term investments $ 1,893 $ 2,706 $ 3,604 $ 4,639
Loans held for sale at fair value 32,586 34,366 79,012 65,709
Placement fees relating to custodial funds 12,047 32,136 35,256 55,397
Interest income, excluding related parties 46,526 69,208 117,872 125,745
Interest income 47,318 70,900 119,882 129,233
Interest expense:        
Assets sold under agreements to repurchase 17,487 19,645 43,171 28,280
Mortgage loan participation purchase and sale agreements 1,061 2,419 2,871 4,730
Obligations under capital lease 104 136 271 202
Notes payable 11,581 18,039 26,930 36,034
Interest shortfall on repayments of mortgage loans serviced for Agency securitizations 18,954 8,214 33,825 12,525
Interest on mortgage loan impound deposits 1,648 1,704 3,305 2,863
Interest expense, non-affiliates 50,835 50,157 110,373 84,634
Interest expense 53,207 52,924 114,719 90,467
Net interest (expense) income (5,889) 17,976 5,163 38,766
PMT        
Interest income:        
From PennyMac Mortgage Investment Trust 792 1,692 2,010 3,488
Interest expense:        
To PennyMac Mortgage Investment Trust Excess servicing spread financing at fair value 2,372 2,767 4,346 5,833
Assets sold under agreements to repurchase        
Interest expense:        
Assets sold under agreements to repurchase $ 17,487 19,645 $ 43,171 28,280
Incentives recorded   $ 3,900   $ 13,200