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Net Gains on Loans Held for Sale (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash gain(loss):    
Loans $ 82,712 $ 111,757
Hedging activities 736,225 (122,666)
Cash gain (loss), net of effects of cash hedging, on sale of loans held for sale 818,937 (10,909)
Non-cash gain:    
Mortgage servicing rights and mortgage servicing liabilities resulting from loan sales 463,571 275,739
Provision for losses relating to representations and warranties on loans sold pursuant to loan sales (10,053) (3,712)
Provision for losses relating to representations and warranties on loans sold reduction in liability due to change in estimate 3,685 1,676
Change in fair value of loans and derivatives held at year end:    
Interest rate lock commitments (339,086) 178,543
Loans 105,222 (72,080)
Hedging derivatives (273,687) (102,891)
From non-affiliates 768,589 266,366
Recapture payable to PennyMac Mortgage Investment Trust (14,248) 77,916
Net gains on loans held for sale at fair value $ 754,341 $ 344,282