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Derivative Financial Instruments - Other Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Derivative assets:          
Derivative asset, before netting $ 270,518   $ 270,518   $ 232,293
Netting (89,876)   (89,876)   (119,217)
Total derivative assets 180,642   180,642   113,076
Derivative liabilities:          
Derivative liability, before netting 170,411   170,411   102,881
Netting (137,908)   (137,908)   (61,981)
Net amounts of liabilities presented in the consolidated balance sheet 32,503   32,503   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 (109,102) $ (171,777) (2,328) $ (466,422)  
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 (28,853) 52,955 (173,899) 105,192  
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 (116,294) (155,317) (27,654) (449,651)  
Margin Deposits          
Derivative assets:          
Collateral placed with (received from) derivative counterparties 48,032   48,032   (57,236)
Interest rate lock commitments          
Derivative assets:          
Total derivative assets 143,061   143,061   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 32,211 $ (1,055) 108,588 $ (20,841)  
Forward contracts | Purchases          
Derivative Instruments          
Notional amount 13,037,927   13,037,927   12,760,764
Derivative assets:          
Derivative asset, before netting 89,834   89,834   3,701
Derivative liabilities:          
Derivative liability, before netting 174   174   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 13,037,927   13,037,927    
Forward contracts | Sales          
Derivative Instruments          
Notional amount 22,218,056   22,218,056   23,440,334
Derivative assets:          
Derivative asset, before netting 2,939   2,939   152,526
Derivative liabilities:          
Derivative liability, before netting 159,266   159,266   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 22,218,056   22,218,056    
Forward contracts | Sales | PennyMac Mortgage Investment Trust          
Derivative Instruments          
Notional amount 84,070   84,070    
Derivative liabilities:          
Derivative liability, before netting 1,038   1,038    
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at end of quarter 84,070   84,070    
MBS put options          
Derivative Instruments          
Notional amount 500,000   500,000   450,000
Derivative assets:          
Derivative asset, before netting         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   500,000    
Put options on Eurodollar futures | Purchases          
Derivative Instruments          
Notional amount 7,000,000   7,000,000   4,270,000
Derivative assets:          
Derivative asset, before netting 996   996   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 7,000,000   7,000,000    
Call options on Eurodollar futures | Purchases          
Derivative Instruments          
Notional amount 11,525,000   11,525,000   7,600,000
Derivative assets:          
Derivative asset, before netting 33,688   33,688   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 11,525,000   11,525,000    
Call options on Eurodollar futures | Sales          
Derivative Instruments          
Notional amount 2,800,000   2,800,000    
Derivative liabilities:          
Derivative liability, before netting 10,063   10,063    
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at end of quarter 2,800,000   2,800,000    
Treasury future | Purchases          
Derivative Instruments          
Notional amount 5,998,000   5,998,000   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 5,998,000   5,998,000    
Treasury future | Sales          
Derivative Instruments          
Notional amount 7,347,000   7,347,000   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 7,347,000   7,347,000    
Not designated as hedging instrument | Interest rate lock commitments          
Derivative Instruments          
Notional amount 10,998,207   10,998,207   7,801,677
Derivative assets:          
Derivative asset, before netting 143,061   143,061   56,946
Derivative liabilities:          
Derivative liability, before netting 908   908   $ 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 $ 10,998,207   $ 10,998,207