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Parent Company Information - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities      
Net income $ 311,423 $ 144,656 $ 475,507
Amortization of debt issuance costs 28,812 21,432 19,198
Increase in receivable from PennyMac Mortgage Investment Trust (4,464) 5,666 2,776
Repricing of payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement (201)   (576)
Payments to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement     (3,855)
(Decrease) increase in accounts payable and accrued expenses (78,651) 121,677 (109,485)
Increase in income taxes payable 88,115 40,142 317,482
Net cash used in operating activities (4,533,270) (1,582,219) 6,033,235
Cash flow from investing activities      
Net cash used in investing activities (1,887,955) (273,288) (721,582)
Cash flow from financing activities      
Issuance of unsecured senior notes 650,000 750,000  
Payment of debt issuance costs (35,922) (33,018) (19,606)
Issuance of common stock by exercise of stock options 20,062 17,215 2,947
Repurchase of common stock and Class A common stock   (71,491) (406,086)
Payment of withholding taxes relating to stock-based compensation (9,401) (9,142) (7,780)
Net cash provided by (used in) financing activities 5,721,336 1,465,339 (4,323,207)
Net decrease in cash and restricted cash (699,889) (390,168) 988,446
Non-cash financing activity:      
Restricted Cash     3
PennyMac Financial Services, Inc.      
Non-cash financing activity:      
Repurchase of common stock paid by PNMAC on behalf of Parent company   71,491  
Payment of withholdings taxes relating to stock-based compensation by PNMAC on behalf of Parent company 9,401 9,142  
Issuance of common stock in settlement of directors' fees 256 180 205
PennyMac Financial Services, Inc. | Parent Company      
Cash flow from operating activities      
Net income 311,423 144,656 475,507
Equity in undistributed earnings of subsidiaries (300,307) (38,551) (161,893)
Amortization of debt issuance costs 6,509 3,802 3,701
Increase in receivable from PennyMac Mortgage Investment Trust   27  
(Increase) decrease in intercompany receivable (698,869) (894,204) (31,566)
(Decrease) increase in accounts payable and accrued expenses 4,638 3,280 (1,779)
Increase in payable to subsidiaries (187) 52 19
Increase in income taxes payable 65,374 32,383 217,771
Net cash used in operating activities (611,419) (748,555) 501,760
Cash flow from financing activities      
Issuance of unsecured senior notes 650,000 750,000  
Payment of debt issuance costs (12,128) (14,071)  
Payment of dividend to common stock and Class A common stockholders (52,160) (41,446) (54,621)
Issuance of common stock by exercise of stock options 20,062 17,215 2,947
Repurchase of common stock and Class A common stock     (406,086)
Payment of withholding taxes relating to stock-based compensation     (7,780)
Net cash provided by (used in) financing activities 605,774 711,698 (465,540)
Net decrease in cash and restricted cash (5,645) (36,857) 36,220
Cash at beginning of year 8,639 45,496 9,276
Cash at end of year 2,994 8,639 45,496
Non-cash financing activity:      
Restricted Cash $ 0 $ 0 $ 0