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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash $ 1,558,679 $ 340,069
Short-term investment at fair value 36,098 6,873
Loans held for sale at fair value (includes $4,012,264 and $9,135,577 pledged to creditors) 4,149,726 9,742,483
Derivative assets 164,160 333,695
Servicing advances, net (includes valuation allowance of $63,713 and $120,940; $253,370 and $232,107 pledged to creditors) 455,083 702,160
Mortgage servicing rights at fair value (includes $5,604,447 and $3,856,791 pledged to creditors) 5,661,672 3,878,078
Operating lease right-of-use assets 72,138 89,040
Investment in PennyMac Mortgage Investment Trust at fair value 884 1,300
Receivable from PennyMac Mortgage Investment Trust 32,306 40,091
Loans eligible for repurchase 3,757,538 3,026,207
Other (includes $9,886 and $45,294 pledged to creditors) 473,527 616,616
Total assets 16,361,811 18,776,612
LIABILITIES    
Assets sold under agreements to repurchase 3,487,335 7,292,735
Mortgage loans participation purchase and sale agreements 367,473 479,845
Notes payable secured by mortgage servicing assets 1,793,972 1,297,622
Unsecured senior notes 1,778,988 1,776,219
Obligations under capital lease   3,489
Derivative liabilities 125,487 22,606
Mortgage servicing liabilities at fair value 2,214 2,816
Accounts payable and accrued expenses 358,187 359,413
Operating lease liabilities 92,380 110,003
Payable to PennyMac Mortgage Investment Trust 87,978 228,019
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement 26,675 30,530
Income taxes payable 964,307 685,262
Liability for loans eligible for repurchase 3,757,538 3,026,207
Liability for losses under representations and warranties 37,187 43,521
Total liabilities 12,879,721 15,358,287
Commitments and contingencies - Note 16
STOCKHOLDERS' EQUITY    
Additional paid-in capital   125,396
Retained earnings 3,482,085 3,292,923
Total stockholders' equity 3,482,090 3,418,325
Total liabilities and stockholders' equity 16,361,811 18,776,612
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 51,011,021 and 56,867,202 shares respectively $ 5 $ 6