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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash $ 340,069 $ 532,716
Short-term investment at fair value 6,873 15,217
Loans held for sale at fair value (includes $9,135,577 and $11,457,678 pledged to creditors) 9,742,483 11,616,400
Derivative assets 333,695 711,238
Servicing advances, net (includes valuation allowance of $120,940 and $181,433; $232,107 and $413,484 pledged to creditors) 702,160 579,528
Mortgage servicing rights at fair value (includes $3,856,791 and $2,577,964 pledged to creditors) 3,878,078 2,581,174
Operating lease right-of-use assets 89,040 74,934
Loans eligible for repurchase 3,026,207 14,625,447
Other (includes $45,294 and $166,418 pledged to creditors) 616,616 692,169
Total assets 18,776,612 31,597,795
LIABILITIES    
Assets sold under agreements to repurchase 7,292,735 9,654,797
Mortgage loans participation purchase and sale agreements 479,845 521,477
Obligations under capital lease 3,489 11,864
Notes payable secured by mortgage servicing assets 1,297,622 1,295,840
Unsecured senior notes 1,776,219 645,820
Derivative liabilities 22,606 42,638
Mortgage servicing liabilities at fair value 2,816 45,324
Accounts payable and accrued expenses 359,413 308,398
Operating lease liabilities 110,003 94,193
Income taxes payable 685,262 622,700
Liability for loans eligible for repurchase 3,026,207 14,625,447
Liability for losses under representations and warranties 43,521 32,688
Total liabilities 15,358,287 28,208,407
Commitments and contingencies - Note 16
STOCKHOLDERS' EQUITY    
Additional paid-in capital 125,396 1,047,052
Retained earnings 3,292,923 2,342,329
Total stockholders' equity 3,418,325 3,389,388
Total liabilities and stockholders' equity 18,776,612 31,597,795
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 56,867,202 and 70,905,532 shares respectively 6 7
PennyMac Mortgage Investment Trust    
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 1,300 1,105
Receivable from PennyMac Investment Trust 40,091 87,005
LIABILITIES    
Excess servicing spread financing payable to PennyMac Mortgage Investment Trust at fair value   131,750
Payable to PennyMac Mortgage Investment Trust 228,019 140,306
Private National Mortgage Acceptance Company [Member]    
LIABILITIES    
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement $ 30,530 $ 35,165