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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash $ 1,415,396 $ 340,069
Short-term investment at fair value 4,961 6,873
Loans held for sale at fair value (includes $3,270,508 and $9,135,577 pledged to creditors) 3,586,810 9,742,483
Derivative assets 103,901 333,695
Servicing advances, net (includes valuation allowance of $66,143 and $120,940; $279,664 and $232,107 pledged to creditors) 570,822 702,160
Mortgage servicing rights at fair value (includes $5,163,544 and $3,856,791 pledged to creditors) 5,217,167 3,878,078
Operating lease right-of-use assets 82,078 89,040
Investment in PennyMac Mortgage Investment Trust at fair value 1,037 1,300
Receivable from PennyMac Mortgage Investment Trust 43,234 40,091
Loans eligible for repurchase 2,778,768 3,026,207
Other (includes $25,547 and $45,294 pledged to creditors) 468,081 616,616
Total assets 14,272,255 18,776,612
LIABILITIES    
Assets sold under agreements to repurchase 2,441,816 7,292,735
Mortgage loans participation purchase and sale agreements 502,116 479,845
Obligations under capital lease   3,489
Notes payable secured by mortgage servicing assets 1,793,260 1,297,622
Unsecured senior notes 1,778,055 1,776,219
Derivative liabilities 42,702 22,606
Mortgage servicing liabilities at fair value 2,337 2,816
Accounts payable and accrued expenses 317,998 359,413
Operating lease liabilities 102,756 110,003
Payable to PennyMac Mortgage Investment Trust 98,991 228,019
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement 27,014 30,530
Income taxes payable 885,721 685,262
Liability for loans eligible for repurchase 2,778,768 3,026,207
Liability for losses under representations and warranties 39,336 43,521
Total liabilities 10,810,870 15,358,287
Commitments and contingencies - Note 16
STOCKHOLDERS' EQUITY    
Additional paid-in capital   125,396
Retained earnings 3,461,380 3,292,923
Total stockholders' equity 3,461,385 3,418,325
Total liabilities and stockholders' equity 14,272,255 18,776,612
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 52,938,854 and 56,867,202 shares respectively $ 5 $ 6