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

6 Months Ended

Jun. 30, 2025

Transactions with Affiliates

Summary of lending activity between the Company and affiliate

	Quarter ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
	(in thousands)
Net gains (losses) on loans held for sale at fair value:
Net gains on loans sold to PMT (primarily cash)	$	8,549	$	—	$	14,595	$	—
Mortgage servicing rights recapture incurred		(1,474)		(473)		(2,682)		(826)
	$	7,075	$	(473)	$	11,913	$	(826)
Sale of loans held for sale to PMT	$	1,034,884	$	—	$	1,689,692	$	—
UPB of loans recaptured	$	183,051	$	74,208	$	342,523	$	136,281
Tax service fees earned from PMT included in Loan origination fees	$	502	$	431	$	979	$	790
Fulfillment fee revenue	$	5,814	$	4,427	$	11,104	$	8,443
Unpaid principal balance of loans fulfilled for PMT subject to fulfillment fees	$	3,085,840	$	2,229,397	$	5,867,562	$	4,001,078
Sourcing fees included in cost of loans purchased from PMT	$	2,658	$	2,050	$	4,673	$	3,655
Unpaid principal balance of loans purchased from PMT:
Government guaranteed or insured	$	12,966,563	$	10,500,415	$	24,158,443	$	18,357,340
Conventional conforming		13,520,693		10,006,706		22,481,489		18,196,636
	$	26,487,256	$	20,507,121	$	46,639,932	$	36,553,976

Summary of loan servicing fees earned from PMT

	Quarter ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
	(in thousands)
Base fees	$	19,151	$	19,181	$	38,354	$	38,378
Other fees		2,494		1,083		5,020		2,148
	$	21,645	$	20,264	$	43,374	$	40,526

Summary of management fees earned

	Quarter ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
	(in thousands)
Base management fees	$	6,869	$	7,133	$	13,881	$	14,321
Performance incentive fees		—		—		—		—
	$	6,869	$	7,133	$	13,881	$	14,321
Average PMT's shareholders' equity used to calculate base management and performance incentive fees	$	1,836,690	$	1,912,522	$	1,866,238	$	1,919,962

Summary of reimbursement of expenses

	Quarter ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
	(in thousands)
Reimbursement of:
Expenses incurred on PMT's behalf, net	$	4,963	$	2,779	$	9,564	$	9,193
Compensation		1,628		165		3,257		330
Common overhead incurred by the Company		982		2,000		1,963		3,944
	$	7,573	$	4,944	$	14,784	$	13,467
Payments and settlements during the period (1)	$	32,628	$	29,263	$	60,676	$	59,348

(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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
	(in thousands)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust shares	$	(105)	$	(40)	$	80	$	(30)

	June 30,		December 31,
	2025		2024
	(in thousands)
Common shares of beneficial interest of PennyMac Mortgage Investment Trust:
Fair value	$	965	$	944
Number of shares		75		75

Summary of amounts due from and payable to affiliate

	June 30,		December 31,
	2025		2024
	(in thousands)
Receivable from PMT:
Correspondent production fees	$	10,528	$	11,122
Servicing fees		7,213		6,822
Management fees		6,869		7,149
Allocated expenses and expenses incurred on PMT's behalf		5,994		3,508
Fulfillment fees		—		1,605
	$	30,604	$	30,206
Payable to PMT:
Amounts advanced by PMT to fund its servicing advances	$	71,280	$	106,302
Other		14,894		16,015
	$	86,174	$	122,317