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Derivative Financial Instruments - Other Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Derivative assets:      
Derivative asset, before netting $ 178,612   $ 232,293
Netting (6,681)   (119,217)
Total derivative assets 171,931   113,076
Derivative liabilities:      
Derivative liability, before netting 79,305   102,881
Netting (64,753)   (61,981)
Net amounts of liabilities presented in the consolidated balance sheet 14,552   40,900
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Gains (losses) recognized on derivative financial instruments 106,774 $ (294,645)  
Interest rate lock commitments and loans held for sale      
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Gains (losses) recognized on derivative financial instruments (145,046) 52,237  
Mortgage servicing rights      
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Gains (losses) recognized on derivative financial instruments 88,640 (294,334)  
Margin Deposits      
Derivative assets:      
Collateral placed with (received from) derivative counterparties 58,072   (57,236)
Interest rate lock commitments      
Derivative assets:      
Total derivative assets 111,722   56,946
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Gains (losses) recognized on derivative financial instruments 76,377 $ (19,786)  
Forward contracts | Purchases      
Derivative Instruments      
Notional amount 12,030,348   12,760,764
Derivative assets:      
Derivative asset, before netting 18,531   3,701
Derivative liabilities:      
Derivative liability, before netting 1,748   66,646
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of quarter 12,760,764    
Balance at end of quarter 12,030,348    
Forward contracts | Sales      
Derivative Instruments      
Notional amount 20,823,643   23,440,334
Derivative assets:      
Derivative asset, before netting 7,339   152,526
Derivative liabilities:      
Derivative liability, before netting 69,129   12,854
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of quarter 23,440,334    
Balance at end of quarter 20,823,643    
Forward contracts | Sales | PennyMac Mortgage Investment Trust      
Derivative Instruments      
Notional amount 59,541    
Derivative liabilities:      
Derivative liability, before netting 741    
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at end of quarter 59,541    
MBS put options      
Derivative Instruments      
Notional amount 500,000   450,000
Derivative assets:      
Derivative asset, before netting 1   3,278
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of quarter 450,000    
Balance at end of quarter 500,000    
Put options on Eurodollar futures | Purchases      
Derivative Instruments      
Notional amount 13,325,000   4,270,000
Derivative assets:      
Derivative asset, before netting 15,308   12,592
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of quarter 4,270,000    
Balance at end of quarter 13,325,000    
Put options on Eurodollar futures | Sales      
Derivative Instruments      
Notional amount 3,250,000    
Derivative liabilities:      
Derivative liability, before netting 1,523    
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at end of quarter 3,250,000    
Call options on Eurodollar futures | Purchases      
Derivative Instruments      
Notional amount 9,550,000   7,600,000
Derivative assets:      
Derivative asset, before netting 25,711   3,250
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of quarter 7,600,000    
Balance at end of quarter 9,550,000    
Call options on Eurodollar futures | Sales      
Derivative Instruments      
Notional amount 800,000    
Derivative liabilities:      
Derivative liability, before netting 5,125    
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at end of quarter 800,000    
Treasury future | Purchases      
Derivative Instruments      
Notional amount 7,951,000   7,467,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of quarter 7,467,000    
Balance at end of quarter 7,951,000    
Treasury future | Sales      
Derivative Instruments      
Notional amount 9,380,000   10,521,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of quarter 10,521,000    
Balance at end of quarter 9,380,000    
Not designated as hedging instrument | Interest rate lock commitments      
Derivative Instruments      
Notional amount 9,890,968   7,801,677
Derivative assets:      
Derivative asset, before netting 111,722   56,946
Derivative liabilities:      
Derivative liability, before netting 1,780   $ 23,381
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of quarter 7,801,677    
Balance at end of quarter $ 9,890,968