XML 19 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash $ 1,532,399 $ 1,328,536
Short-term investment at fair value 8,088 12,194
Loans held for sale at fair value (includes $4,194,839 and $3,442,847 pledged to creditors) 4,270,494 3,509,300
Derivative assets 85,517 99,003
Servicing advances, net (includes valuation allowance of $70,070 and $78,992; $288,082 and $381,379 pledged to creditors) 500,122 696,753
Mortgage servicing rights at fair value (includes $6,457,553 and $5,897,613 pledged to creditors) 6,510,585 5,953,621
Operating lease right-of-use assets 56,410 65,866
Investment in PennyMac Mortgage Investment Trust at fair value 1,011 929
Receivable from PennyMac Mortgage Investment Trust $ 25,046 $ 36,372
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Affiliated entities Affiliated entities
Loans eligible for repurchase $ 4,401,098 $ 4,702,103
Other (includes $38,118 and $12,277 pledged to creditors) 593,698 417,907
Total assets 17,984,468 16,822,584
LIABILITIES    
Assets sold under agreements to repurchase 3,780,524 3,001,283
Mortgage loan participation purchase and sale agreements 505,712 287,592
Notes payable secured by mortgage servicing assets 2,472,726 1,942,646
Unsecured senior notes 1,781,756 1,779,920
Derivative liabilities 22,039 21,712
Mortgage servicing liabilities at fair value 1,940 2,096
Accounts payable and accrued expenses 258,278 262,358
Operating lease liabilities 75,956 85,550
Other liabilities $ 123,287 $ 205,011
Other Liability, Related Party, Type [Extensible Enumeration] Affiliated entities Affiliated entities
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement $ 26,099 $ 26,099
Income taxes payable 1,026,147 1,002,744
Liability for loans eligible for repurchase 4,401,098 4,702,103
Liability for losses under representations and warranties 30,146 32,421
Total liabilities 14,505,708 13,351,535
Commitments and contingencies - Note 16
STOCKHOLDERS' EQUITY    
Retained earnings 3,478,755 3,471,044
Total stockholders' equity 3,478,760 3,471,049
Total liabilities and stockholders' equity 17,984,468 16,822,584
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 49,857,588 and 49,988,492 shares respectively $ 5 $ 5