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

6 Months Ended

Jun. 30, 2024

Transactions with Affiliates

Summary of lending activity between the Company and affiliate

	Quarter ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
	(in thousands)
Mortgage servicing rights recapture incurred included in Net gains on loans held for sale at fair value	$	473	$	509	$	826	$	994
Tax service fees earned from PMT included in Loan origination fees	$	431	$	701	$	790	$	2,111
Fulfillment fee revenue	$	4,427	$	5,441	$	8,443	$	17,364
Unpaid principal balance of loans fulfilled for PMT subject to fulfillment fees	$	2,229,397	$	3,029,274	$	4,001,078	$	9,658,084
Sourcing fees included in cost of loans purchased from PMT	$	2,050	$	1,832	$	3,655	$	3,160
Unpaid principal balance of loans purchased from PMT:
Government guaranteed or insured	$	10,500,415	$	11,307,342	$	18,357,340	$	20,521,054
Conventional conforming		10,006,706		7,017,890		18,196,636		11,080,764
	$	20,507,121	$	18,325,232	$	36,553,976	$	31,601,818

Summary of loan servicing fees earned from PMT

	Quarter ended June 30,				Six months ended June 30,
Servicing portfolio	2024		2023		2024		2023
	(in thousands)
Prime servicing	$	20,201	$	20,286	$	40,401	$	40,615
Special servicing		63		31		125		151
	$	20,264	$	20,317	$	40,526	$	40,766

Summary of management fees earned

	Quarter ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
	(in thousands)
Base management	$	7,133	$	7,078	$	14,321	$	14,335
Performance incentive		—		—		—		—
	$	7,133	$	7,078	$	14,321	$	14,335

Summary of reimbursement of expenses

	Quarter ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
	(in thousands)
Reimbursement of:
Expenses incurred on PMT's behalf, net	$	2,779	$	3,978	$	9,193	$	9,639
Common overhead incurred by the Company		2,000		2,140		3,944		3,961
Compensation		165		165		330		330
	$	4,944	$	6,283	$	13,467	$	13,930
Payments and settlements during the period (1)	$	29,263	$	30,872	$	59,348	$	63,256

(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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
	(in thousands)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust	$	(40)	$	116	$	(30)	$	142

	June 30,		December 31,
	2024		2023
	(in thousands)
Common shares of beneficial interest of PennyMac Mortgage Investment Trust:
Fair value	$	1,031	$	1,121
Number of shares		75		75

Summary of amounts due from and payable to affiliate

	June 30,		December 31,
	2024		2023
	(in thousands)
Receivable from PMT:
Correspondent production fees	$	9,145	$	8,288
Management fees		7,133		7,252
Servicing fees		6,792		6,809
Allocated expenses and expenses incurred on PMT's behalf		5,166		5,612
Fulfillment fees		1,177		1,301
	$	29,413	$	29,262
Payable to PMT:
Amounts advanced by PMT to fund its servicing advances	$	100,219	$	208,154
Other		1		56
	$	100,220	$	208,210