Quarter ended September 30,

Nine months ended September 30,

2022

2021

2022

2021

(in thousands)

Interest income:

From non-affiliates:

Cash and short-term investments

$

7,759

$

768

$

8,736

$

2,502

Loans held for sale at fair value

38,945

63,726

124,835

215,003

Placement fees relating to custodial funds

36,290

3,818

53,169

13,298

82,994

68,312

186,740

230,803

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

—

387

82,994

68,312

186,740

231,190

Interest expense:

To non-affiliates:

Assets sold under agreements to repurchase

24,329

35,783

67,048

132,585

Mortgage loan participation purchase and sale agreements

2,073

1,026

4,570

3,160

Obligations under capital lease

—

36

20

143

Notes payable secured by mortgage servicing assets

24,795

9,896

48,360

29,888

Unsecured senior notes

23,949

17,442

71,065

46,281

Interest shortfall on repayments of mortgage loans serviced for Agency securitizations

5,620

24,886

35,385

83,466

Interest on mortgage loan impound deposits

2,199

1,642

4,951

4,052

82,965

90,711

231,399

299,575

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

—

1,280

82,965

90,711

231,399

300,855

$

29

$

(22,399)

$

(44,659)

$

(69,665)