CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash	$ 324,158	$ 532,716
Short-term investments at fair value	3,720	15,217
Loans held for sale at fair value (includes $10,451,126 and $11,457,678 pledged to creditors)	10,884,506	11,616,400
Derivative assets	371,269	711,238
Servicing advances, net (includes valuation allowance of $140,270 and $181,433; $311,896 and $413,484 pledged to creditors)	519,028	579,528
Mortgage servicing rights at fair value (includes $3,408,088 and $2,577,964 pledged to creditors)	3,412,648	2,581,174
Operating lease right-of-use assets	75,829	74,934
Loans eligible for repurchase	7,613,244	14,625,447
Other (includes $60,857 and $166,418 pledged to creditors)	612,273	692,169
Total assets	23,880,138	31,597,795
LIABILITIES
Assets sold under agreements to repurchase	8,254,543	9,654,797
Mortgage loans participation purchase and sale agreements	512,253	521,477
Obligations under capital lease	7,677	11,864
Notes payable secured by mortgage servicing assets	1,296,731	1,295,840
Unsecured senior notes	1,288,769	645,820
Derivative liabilities	43,910	42,638
Mortgage servicing liabilities at fair value	100,091	45,324
Accounts payable and accrued expenses	369,766	308,398
Operating lease liabilities	96,463	94,193
Income taxes payable	570,052	622,700
Liability for loans eligible for repurchase	7,613,244	14,625,447
Liability for losses under representations and warranties	44,335	32,688
Total liabilities	20,366,309	28,208,407
Commitments and contingencies - Note 16
STOCKHOLDERS' EQUITY
Additional paid-in capital	618,337	1,047,052
Retained earnings	2,895,486	2,342,329
Total stockholders' equity	3,513,829	3,389,388
Total liabilities and stockholders' equity	23,880,138	31,597,795
Common Stock
STOCKHOLDERS' EQUITY
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 64,483,965 and 70,905,532 shares respectively	6	7
PMT
ASSETS
Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell pledged to creditors		80,862
Investment in PennyMac Mortgage Investment Trust at fair value	1,580	1,105
Receivable from PennyMac Investment Trust	61,883	87,005
LIABILITIES
Excess servicing spread financing payable to PennyMac Mortgage Investment Trust at fair value		131,750
Payable to PennyMac Mortgage Investment Trust	136,660	140,306
Private National Mortgage Acceptance Company, LLC
LIABILITIES
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement	$ 31,815	$ 35,165