Related Party Transactions (Tables) - Related Party - PennyMac Mortgage Investment Trust

9 Months Ended

Sep. 30, 2023

Transactions with Affiliates

Summary of lending activity between the Company and affiliate

	Quarter ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(in thousands)
Net losses on loans held for sale at fair value:
Net losses on loans sold to PMT (primarily cash)	$	—	$	—	$	—	$	(2,820)
Mortgage servicing rights recapture incurred		(500)		(1,648)		(1,494)		(13,232)
	$	(500)	$	(1,648)	$	(1,494)	$	(16,052)
Sales of loans held for sale to PMT	$	—	$	—	$	—	$	298,862
Tax service fees earned from PMT included in Loan origination fees	$	579	$	2,192	$	2,690	$	6,938
Fulfillment fee revenue	$	5,531	$	18,407	$	22,895	$	55,807
Unpaid principal balance of loans fulfilled for PMT subject to fulfillment fees	$	2,760,000	$	10,226,513	$	12,418,084	$	30,319,475
Sourcing fees included in cost of loans purchased from PMT	$	1,854	$	1,203	$	5,014	$	3,562
Unpaid principal balance of loans purchased from PMT:
Government guaranteed or insured	$	8,606,835	$	12,261,222	$	29,127,889	$	35,643,210
Conventional conforming		9,932,593		—		21,013,357		—
	$	18,539,428	$	12,261,222	$	50,141,246	$	35,643,210

Summary of loan servicing fees earned from PMT

	Quarter ended September 30,				Nine months ended September 30,
Loan type serviced	2023		2022		2023		2022
	(in thousands)
Prime servicing	$	20,224	$	20,136	$	60,839	$	61,243
Special servicing		33		111		184		427
	$	20,257	$	20,247	$	61,023	$	61,670

Summary of management fees earned

	Quarter ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(in thousands)
Base management	$	7,175	$	7,731	$	21,510	$	23,758
Performance incentive		—		—		—		—
	$	7,175	$	7,731	$	21,510	$	23,758

Summary of reimbursement of expenses

	Quarter ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(in thousands)
Reimbursement of:
Expenses incurred on PMT's behalf, net	$	5,893	$	705	$	15,532	$	8,896
Common overhead incurred by the Company		1,489		2,574		5,450		6,247
Compensation		165		165		495		495
	$	7,547	$	3,444	$	21,477	$	15,638
Payments and settlements during the period (1)	$	9,190	$	41,509	$	72,446	$	110,835

(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 September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(in thousands)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust	$	(51)	$	(119)	$	91	$	(311)

	September 30,		December 31,
	2023		2022
	(in thousands)
Common shares of beneficial interest of PennyMac Mortgage Investment Trust:
Fair value	$	930	$	929
Number of shares		75		75

Summary of amounts due from and payable to affiliate

	September 30,		December 31,
	2023		2022
	(in thousands)
Receivable from PMT:
Correspondent production fees	$	9,183	$	6,835
Management fees		7,175		7,307
Servicing fees		6,760		6,740
Allocated expenses and expenses incurred on PMT's behalf		2,672		11,447
Fulfillment fees		1,823		4,043
	$	27,613	$	36,372
Payable to PMT:
Amounts advanced by PMT to fund its servicing advances	$	95,723	$	201,451
Other		2,252		3,560
	$	97,975	$	205,011