Quarter ended March 31,

2022

2021

(in thousands)

Interest income:

From non-affiliates:

Cash and short-term investments

$

572

$

987

Loans held for sale at fair value

49,113

74,824

Placement fees relating to custodial funds

4,197

5,883

53,882

81,694

From PennyMac Mortgage Investment Trust—Assets purchased from PennyMac Mortgage Investment Trust under agreements to resell

—

387

53,882

82,081

Interest expense:

To non-affiliates:

Assets sold under agreements to repurchase

23,770

52,179

Mortgage loan participation purchase and sale agreements

1,120

1,095

Obligations under capital lease

15

59

Notes payable secured by mortgage servicing assets

9,909

9,888

Unsecured senior notes

23,428

12,670

Interest shortfall on repayments of mortgage loans serviced for Agency securitizations

17,479

29,436

Interest on mortgage loan impound deposits

1,586

1,106

77,307

106,433

To PennyMac Mortgage Investment Trust—Excess servicing spread financing at fair value

—

1,280

77,307

107,713

$

(23,425)

$

(25,632)