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Related Party Transactions - Investing Activities (Details) - USD ($)
3 Months Ended
Dec. 19, 2016
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
PennyMac Holdings, L L C Repurchase Agreement        
Transactions with Affiliates        
Maximum principal balance of VFN $ 1,000,000,000      
PMT        
Transactions with Affiliates        
Common shares of beneficial interest owned   75,000    
Repurchase agreement with PennyMac Mortgage Investment Trust:        
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell pledged to creditors       $ 80,862,000
Activity during the period:        
Interest income on receivable from PennyMac Mortgage Investment Trust   $ 387,000 $ 1,218,000  
Activity during the period:        
Balance at end of period   401,000 (857,000)  
Loans and Leases Receivable, Related Parties       80,862,000
Fair value of PennyMac Mortgage Investment Trust shares   $ 1,470,000   $ 1,105,000
Number of shares   75,000   75,000
PMT | PennyMac Holdings, L L C Repurchase Agreement        
Activity during the period:        
Interest income on receivable from PennyMac Mortgage Investment Trust   $ 387,000 1,218,000  
Activity during the period:        
Change in fair value of investment in Common shares of PennyMac Mortgage Investment Trust   $ 401,000 $ (857,000)