Related Party Transactions (Tables) - PennyMac Mortgage Investment Trust

3 Months Ended

Mar. 31, 2023

Transactions with Affiliates

Summary of lending activity between the Company and affiliate

	Quarter ended March 31,
	2023		2022
	(in thousands)
Net losses on loans held for sale at fair value:
Net losses on loans sold to PMT (primarily cash)	$	—	$	(1,391)
Mortgage servicing rights recapture incurred		(485)		(8,261)
	$	(485)	$	(9,652)
Sales of loans held for sale to PMT	$	—	$	259,038
Tax service fees earned from PMT included in Loan origination fees	$	1,410	$	2,342
Fulfillment fee revenue	$	11,923	$	16,754
Unpaid principal balance of loans fulfilled for PMT subject to fulfillment fees	$	6,628,810	$	9,769,262
Sourcing fees included in cost of loans purchased from PMT	$	1,328	$	1,296
Unpaid principal balance of loans purchased from PMT:
Government guaranteed or insured	$	9,213,712	$	12,747,779
Conventional conforming		4,062,874		—
	$	13,276,586	$	12,747,779

Summary of loan servicing fees earned from PMT

	Quarter ended March 31,
Loan type serviced	2023		2022
	(in thousands)
Loans acquired for sale	$	285	$	264
Loans at fair value		120		210
Mortgage servicing rights		20,044		20,614
	$	20,449	$	21,088

Summary of management fees earned

	Quarter ended March 31,
	2023		2022
	(in thousands)
Base management	$	7,257	$	8,117
Performance incentive		—		—
	$	7,257	$	8,117

Summary of reimbursement of expenses

	Quarter ended March 31,
	2023		2022
	(in thousands)
Reimbursement of:
Expenses incurred on PMT's behalf, net	$	5,661	$	5,357
Common overhead incurred by the Company		1,821		1,864
Compensation		165		165
	$	7,647	$	7,386
Payments and settlements during the quarter (1)	$	32,384	$	39,764

(1) Payments and settlements include payments for the operating, investing and financing activities itemized in this Note.

Summary of investing activity between the Company and affiliate

	Quarter ended March 31,
	2023		2022
	(in thousands)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust	$	26	$	2

	March 31,		December 31,
	2023		2022
	(in thousands)
Common shares of beneficial interest of PennyMac Mortgage Investment Trust:
Fair value	$	925	$	929
Number of shares		75		75

Summary of amounts due from and payable to affiliate

	March 31,		December 31,
	2023		2022
	(in thousands)
Receivable from PMT:
Correspondent production fees	$	8,325	$	6,835
Allocated expenses and expenses incurred on PMT's behalf		7,610		11,447
Management fees		7,257		7,307
Servicing fees		6,791		6,740
Fulfillment fees		5,183		4,043
	$	35,166	$	36,372
Payable to PMT:
Amounts advanced by PMT to fund its servicing advances	$	142,007	$	201,451
Other		—		3,560
	$	142,007	$	205,011