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Net Gains on Loans Held for Sale (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash loss:        
Loans $ 605,559 $ (22,838) $ 1,219,732 $ (77,659)
Hedging activities (72,268) (148,128) (421,947) (230,200)
Cash gain (loss), net of effects of cash hedging, on sale of loans held for sale 533,291 (170,966) 797,785 (307,859)
Non-cash gain:        
Mortgage servicing rights and mortgage servicing liabilities resulting from loan sales 245,946 227,256 747,219 518,706
Provision for losses relating to representations and warranties on loans sold pursuant to loan sales (5,219) (2,508) (13,120) (5,222)
Provision for losses relating to representations and warranties on loans sold reduction in liability due to change in estimate 2,473 1,175 5,419 6,305
Change in fair value of loans and derivatives held at period end:        
Interest rate lock commitments 173,381 33,347 404,795 95,785
Loans (79,776) (5,822) (140,878) (35,508)
Hedging derivatives (5,052) 92,588 17,955 72,838
From non-affiliates 865,044 175,070 1,819,175 345,045
Recapture payable to PennyMac Mortgage Investment Trust (9,775) 60,662 62,549 122,996
Net gains on loans held for sale at fair value $ 855,269 $ 235,732 $ 1,881,724 $ 468,041