XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash $ 145,814 $ 938,371
Short-term investment at fair value 667,934 10,268
Principal-only stripped mortgage-backed securities at fair value pledged to creditors 960,267  
Loans held for sale at fair value (includes $6,503,418 and $4,329,501 pledged to creditors) 6,565,704 4,420,691
Derivative assets 190,612 179,079
Servicing advances, net (includes valuation allowance of $73,908 and $73,991; $232,766 and $354,831 pledged to creditors) 400,764 694,038
Mortgage servicing rights at fair value (includes $7,656,519 and $7,033,892 pledged to creditors) 7,752,292 7,099,348
Investment in PennyMac Mortgage Investment Trust at fair value 1,070 1,121
Receivable from PennyMac Mortgage Investment Trust $ 32,603 $ 29,262
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Loans eligible for repurchase $ 5,512,289 $ 4,889,925
Other (includes $16,082 and $15,653 pledged to creditors) 642,189 582,460
Total assets 22,871,538 18,844,563
LIABILITIES    
Assets sold under agreements to repurchase 6,600,997 3,763,956
Mortgage loan participation purchase and sale agreements 517,527 446,054
Notes payable secured by mortgage servicing assets 1,723,632 1,873,415
Unsecured senior notes 3,162,239 2,519,651
Derivative liabilities 41,471 53,275
Mortgage servicing liabilities at fair value 1,718 1,805
Accounts payable and accrued expenses 331,512 449,896
Payable to PennyMac Mortgage Investment Trust $ 81,040 $ 208,210
Other Liability, Related Party [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement $ 26,099 $ 26,099
Income taxes payable 1,105,550 1,042,886
Liability for loans eligible for repurchase 5,512,289 4,889,925
Liability for losses under representations and warranties 28,286 30,788
Total liabilities 19,132,360 15,305,960
Commitments and contingencies - Note 18
STOCKHOLDERS' EQUITY    
Common stock-authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 51,257,630 and 50,178,963 shares, respectively 5 5
Additional paid-in capital 54,415 24,287
Retained earnings 3,684,758 3,514,311
Total stockholders' equity 3,739,178 3,538,603
Total liabilities and stockholders' equity $ 22,871,538 $ 18,844,563