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Concentration of Risk
12 Months Ended
Dec. 31, 2021
Concentration of Risk  
Concentration of Risk

Note 2—Concentration of Risk

A portion of the Company’s activities relate to PMT. Revenues generated from PMT and its subsidiaries (generally comprised of gains on mortgage loans held for sale, loan origination fees, fulfillment fees, loan servicing fees, management fees and net interest paid to PMT) totaled 9%, 11%, and 31% of total net revenues for the years ended December 31, 2021, 2020 and 2019, respectively.