CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash (includes $52,599 pledged to creditors at December 31, 2019)	$ 529,166	$ 188,291
Short-term investments at fair value	102,136	74,611
Loans held for sale at fair value (includes $9,011,545 and $4,846,138 pledged to creditors)	9,126,172	4,912,953
Derivative assets	578,254	159,686
Servicing advances, net (includes valuation allowance of $141,964 and $82,157; $232,519 and $207,460 pledged to creditors)	393,654	331,169
Mortgage servicing rights at fair value (includes $2,330,600 and $2,920,603 pledged to creditors)	2,333,821	2,926,790
Operating lease right-of-use assets	72,133	73,090
Loans eligible for repurchase	17,183,873	1,046,527
Other (includes $207,547 and $32,598 pledged to creditors)	651,229	333,557
Total assets	31,180,865	10,204,017
LIABILITIES
Assets sold under agreements to repurchase	7,259,188	4,141,053
Mortgage loans participation purchase and sale agreements	535,063	497,948
Obligations under capital lease	13,957	20,810
Notes payable secured by mortgage servicing assets	1,295,143	1,294,070
Unsecured senior notes	492,358
Derivative liabilities	24,537	22,330
Mortgage servicing liabilities at fair value	31,698	29,140
Operating lease liabilities	92,005	91,320
Accounts payable and accrued expenses	278,403	175,273
Income taxes payable	673,149	504,569
Liability for loans eligible for repurchase	17,183,873	1,046,527
Liability for losses under representations and warranties	28,504	21,446
Total liabilities	28,163,788	8,142,510
Commitments and contingencies - Note 15
STOCKHOLDERS' EQUITY
Additional paid-in capital	1,116,428	1,335,107
Retained earnings	1,900,642	726,392
Total stockholders' equity	3,017,077	2,061,507
Total liabilities and stockholders' equity	31,180,865	10,204,017
Common Stock
STOCKHOLDERS' EQUITY
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 72,400,490 and 78,515,047 shares respectively	7	8
PMT
ASSETS
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell pledged to creditors	86,958	107,512
Investment in PennyMac Mortgage Investment Trust at fair value	991	1,672
Receivable, from PennyMac Investment Trust	122,478	48,159
LIABILITIES
Excess servicing spread financing payable to PennyMac Mortgage Investment Trust at fair value	142,990	178,586
Payable to PennyMac Mortgage Investment Trust	77,136	73,280
Private National Mortgage Acceptance Company, LLC
LIABILITIES
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement	$ 35,784	$ 46,158