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Parent Company Information - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flow from operating activities      
Net income $ 475,507 $ 1,003,490 $ 1,646,884
Amortization of debt issuance costs 19,198 24,321 19,048
Increase in receivable from PennyMac Mortgage Investment Trust 2,776 35,243 (48,320)
Repricing of payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement (576)   (280)
Payments to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement (3,855) (4,635) (10,713)
(Decrease) increase in accounts payable and accrued expenses (109,485) 34,666 135,314
Increase in income taxes payable 317,482 62,562 118,131
Net cash provided by (used in) operating activities 6,033,235 2,563,061 (6,198,938)
Cash flow from investing activities      
Net cash (used in) provided by investing activities (721,582) (304,369) 783,034
Cash flow from financing activities      
Issuance of unsecured senior notes   1,150,000 650,000
Payment of debt issuance costs (19,606) (37,567) (30,112)
Issuance of common stock pursuant to exercise of stock options 2,947 7,536 9,389
Repurchase of common stock and Class A common stock (406,086) (958,194) (337,479)
Payment of withholding taxes relating to stock-based compensation (7,780) (8,993) (5,265)
Net cash (used in) provided by financing activities (4,323,207) (2,451,380) 5,760,107
Net increase (decrease) in cash and restricted cash 988,446 (192,688) 344,203
Non-cash financing activity:      
Restricted Cash 3 24 65
PennyMac Financial Services, Inc.      
Non-cash financing activity:      
Issuance of common stock in settlement of directors' fees 205 200 194
PennyMac Financial Services, Inc. | Parent Company [Member]      
Cash flow from operating activities      
Net income 475,507 1,003,490 1,646,884
Equity in undistributed earnings of subsidiaries (161,893) (261,084) (1,435,328)
Amortization of debt issuance costs 3,701 2,321 225
Increase in receivable from PennyMac Mortgage Investment Trust   (27)  
(Increase) decrease in intercompany receivable (31,566) (897,063) (574,518)
(Decrease) increase in accounts payable and accrued expenses (1,779) 13,545 14,590
Increase in payable to subsidiaries 19 (22,289) 18,211
Increase in income taxes payable 217,771 35,839 65,406
Net cash provided by (used in) operating activities 501,760 (125,268) (264,530)
Cash flow from financing activities      
Issuance of unsecured senior notes   1,150,000 650,000
Payment of debt issuance costs   (21,922) (4,405)
Payment of dividend to common stock and Class A common stockholders (54,621) (52,896) (30,947)
Issuance of common stock pursuant to exercise of stock options 2,947 7,536 9,389
Repurchase of common stock and Class A common stock (406,086) (958,194) (337,479)
Payment of withholding taxes relating to stock-based compensation (7,780) (8,993) (5,265)
Net cash (used in) provided by financing activities (465,540) 115,531 281,293
Net increase (decrease) in cash and restricted cash 36,220 (9,737) 16,763
Cash at beginning of year 9,276 19,013 2,250
Cash at end of year 45,496 9,276 19,013
Non-cash financing activity:      
Restricted Cash $ 0 $ 0 $ 0