
	Quarter ended June 30,				Six months ended June 30,
	2024		2023		2024		2023

	(in thousands)
Balance at beginning of period	$	67,327	$	75,178	$	73,991	$	78,992
Provision (reversals of provision) for losses		5,932		(1,968)		4,391		(5,049)
Charge-offs, net		(4,588)		(3,140)		(9,711)		(3,873)
Balance at end of period	$	68,671	$	70,070	$	68,671	$	70,070


	June 30, 2024
	Servicing				Total
	rights owned		Subservicing		loans serviced

	(in thousands)
Investor:
Non-affiliated entities:
Originated	$	379,882,952	$	—	$	379,882,952
Purchased		16,568,065		—		16,568,065
		396,451,017		—		396,451,017
PennyMac Mortgage Investment Trust		—		230,179,513		230,179,513
Loans held for sale		6,108,082		—		6,108,082
	$	402,559,099	$	230,179,513	$	632,738,612
Delinquent loans:
30 days	$	11,910,811	$	1,929,549	$	13,840,360
60 days		3,682,716		448,250		4,130,966
90 days or more:
Not in foreclosure		6,537,462		822,480		7,359,942
In foreclosure		628,575		94,072		722,647
Foreclosed		8,465		3,898		12,363
	$	22,768,029	$	3,298,249	$	26,066,278
Loans in bankruptcy	$	1,713,935	$	244,699	$	1,958,634
Custodial funds managed by the Company (1)	$	6,013,201	$	2,704,150	$	8,717,351

(1)

Custodial funds include cash accounts holding funds on behalf of borrowers and investors relating to loans serviced under servicing agreements and are not recorded on the Company’s consolidated balance sheets. The Company earns placement fees on certain of these custodial funds where it owns the MSRs and these fees are included in Interest income in the Company’s consolidated statements of income.


	December 31, 2023
	Servicing				Total
	rights owned		Subservicing		loans serviced

	(in thousands)
Investor:
Non-affiliated entities:
Originated	$	352,790,614	$	—	$	352,790,614
Purchased		17,478,397		—		17,478,397
		370,269,011		—		370,269,011
PennyMac Mortgage Investment Trust		—		232,653,069		232,653,069
Loans held for sale		4,294,689		—		4,294,689
	$	374,563,700	$	232,653,069	$	607,216,769
Delinquent loans:
30 days	$	11,097,929	$	1,808,516	$	12,906,445
60 days		3,316,494		399,786		3,716,280
90 days or more:
Not in foreclosure		6,941,325		1,031,299		7,972,624
In foreclosure		686,359		92,618		778,977
Foreclosed		8,133		4,295		12,428
	$	22,050,240	$	3,336,514	$	25,386,754
Loans in bankruptcy	$	1,523,218	$	186,593	$	1,709,811
Custodial funds managed by the Company (1)	$	3,741,978	$	1,759,974	$	5,501,952

(1)

Custodial funds include cash accounts holding funds on behalf of borrowers and investors relating to loans serviced under servicing agreements and are not recorded on the Company’s consolidated balance sheets. The Company earns placement fees on certain of these custodial funds where it owns the MSRs and these fees are included in Interest income in the Company’s consolidated statements of income.