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

9 Months Ended

Sep. 30, 2024

Transactions with Affiliates

Summary of lending activity between the Company and affiliate

	Quarter ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
	(in thousands)
Net gains (losses) on loans held for sale at fair value:
Net gains on loans sold to PMT (primarily cash)	$	2,947	$	—	$	2,947	$	—
Mortgage servicing rights recapture incurred		(441)		(500)		(1,267)		(1,494)
	$	2,506	$	(500)	$	1,680	$	(1,494)
Sale of loans held for sale to PMT	$	191,250	$	—	$	191,250	$	—
UPB of loans recaptured	$	71,370	$	77,403	$	207,651	$	270,720
Tax service fees earned from PMT included in Loan origination fees	$	1,107	$	579	$	1,897	$	2,690
Fulfillment fee revenue	$	11,492	$	5,531	$	19,935	$	22,895
Unpaid principal balance of loans fulfilled for PMT subject to fulfillment fees	$	5,948,057	$	2,760,000	$	9,949,135	$	12,418,084
Sourcing fees included in cost of loans purchased from PMT	$	1,994	$	1,854	$	5,649	$	5,014
Unpaid principal balance of loans purchased from PMT:
Government guaranteed or insured	$	11,843,268	$	8,606,835	$	30,200,608	$	29,127,889
Conventional conforming		8,092,380		9,932,593		26,289,016		21,013,357
	$	19,935,648	$	18,539,428	$	56,489,624	$	50,141,246

Summary of loan servicing fees earned from PMT

	Quarter ended September 30,				Nine months ended September 30,
Servicing portfolio	2024		2023		2024		2023
	(in thousands)
Prime servicing	$	22,180	$	20,224	$	62,581	$	60,839
Special servicing		60		33		185		184
	$	22,240	$	20,257	$	62,766	$	61,023

Summary of management fees earned

	Quarter ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
	(in thousands)
Base management	$	7,153	$	7,175	$	21,474	$	21,510
Performance incentive		—		—		—		—
	$	7,153	$	7,175	$	21,474	$	21,510

Summary of reimbursement of expenses

	Quarter ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
	(in thousands)
Reimbursement of:
Expenses incurred on PMT's behalf, net	$	6,318	$	5,893	$	15,511	$	15,532
Common overhead incurred by the Company		1,867		1,489		5,811		5,450
Compensation		165		165		495		495
	$	8,350	$	7,547	$	21,817	$	21,477
Payments and settlements during the period (1)	$	31,752	$	9,190	$	91,100	$	72,446

(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,
	2024		2023		2024		2023
	(in thousands)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust	$	68	$	(51)	$	38	$	91

	September 30,		December 31,
	2024		2023
	(in thousands)
Common shares of beneficial interest of PennyMac Mortgage Investment Trust:
Fair value	$	1,070	$	1,121
Number of shares		75		75

Summary of amounts due from and payable to affiliate

	September 30,		December 31,
	2024		2023
	(in thousands)
Receivable from PMT:
Servicing fees	$	8,670	$	6,809
Correspondent production fees		7,986		8,288
Management fees		7,153		7,252
Allocated expenses and expenses incurred on PMT's behalf		4,788		5,612
Fulfillment fees		4,006		1,301
	$	32,603	$	29,262
Payable to PMT:
Amounts advanced by PMT to fund its servicing advances	$	72,502	$	208,154
Other		8,538		56
	$	81,040	$	208,210