2012 Q3 Form 10-K Financial Statement

#000119312513084886 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q4 2011 Q3
Revenue $90.91M $39.10M $9.839M
YoY Change 824.02% 187.5% 155.82%
Cost Of Revenue $33.80M $12.60M $10.30M
YoY Change 228.16% 530.0% 836.36%
Gross Profit $65.40M $26.50M $31.70M
YoY Change 106.31% 128.45% 173.28%
Gross Profit Margin 71.94% 67.77% 322.19%
Selling, General & Admin $3.700M $3.100M $5.500M
YoY Change -32.73% 0.0% 129.17%
% of Gross Profit 5.66% 11.7% 17.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $31.95M $5.200M $17.11M
YoY Change 86.74% 26.83% 274.66%
Operating Profit $33.46M $21.30M $14.59M
YoY Change 129.25% 184.0% 107.46%
Interest Expense $8.282M $5.225M
YoY Change 58.51% 1981.67%
% of Operating Profit 24.76% 35.8%
Other Income/Expense, Net $2.725M $1.274M
YoY Change 113.89% 28.43%
Pretax Income $58.97M $21.30M $24.88M
YoY Change 137.03% 184.0% 207.52%
Income Tax $18.59M $1.700M $4.350M
% Of Pretax Income 31.52% 7.98% 17.49%
Net Earnings $40.38M $19.65M $20.53M
YoY Change 96.73% 169.16% 166.6%
Net Earnings / Revenue 44.42% 50.25% 208.64%
Basic Earnings Per Share $0.81 $0.69 $0.76
Diluted Earnings Per Share $0.81 $0.69 $0.76
COMMON SHARES
Basic Shares Outstanding 49.08M shares 27.85M shares
Diluted Shares Outstanding 49.46M shares 28.14M shares

Balance Sheet

Concept 2012 Q3 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.00M $15.00M $12.00M
YoY Change 466.67% -66.67% -52.0%
Cash & Equivalents $14.59M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $3.000M $2.000M $2.000M
Other Receivables $32.00M $14.00M $24.00M
Total Short-Term Assets $103.0M $31.00M $38.00M
YoY Change 171.05% -44.64% -17.39%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.041B $1.217B $1.027B
YoY Change 98.73% 149.39% 168.85%
Other Assets
YoY Change
Total Long-Term Assets $2.226B $1.355B $1.117B
YoY Change 99.17% 154.19% 173.9%
TOTAL ASSETS
Total Short-Term Assets $103.0M $31.00M $38.00M
Total Long-Term Assets $2.226B $1.355B $1.117B
Total Assets $2.329B $1.386B $1.155B
YoY Change 101.54% 135.29% 154.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00M $12.00M $13.00M
YoY Change -23.08% 100.0% 160.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.041B $631.0M $439.0M
YoY Change 137.13% 153.41% 278.45%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.080B $649.0M $448.0M
YoY Change 141.07% 145.83% 264.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $29.00M $0.00
YoY Change
Other Long-Term Liabilities $39.00M $153.0M $164.0M
YoY Change -76.22%
Total Long-Term Liabilities $39.00M $182.0M $164.0M
YoY Change -76.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.080B $649.0M $448.0M
Total Long-Term Liabilities $39.00M $182.0M $164.0M
Total Liabilities $1.145B $840.0M $624.8M
YoY Change 83.17% 212.07% 391.99%
SHAREHOLDERS EQUITY
Retained Earnings $55.23M $27.46M
YoY Change 968.52%
Common Stock $1.129B $518.6M
YoY Change 63.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.184B $546.0M $530.7M
YoY Change
Total Liabilities & Shareholders Equity $2.329B $1.386B $1.155B
YoY Change 101.54% 135.29% 154.51%

Cashflow Statement

Concept 2012 Q3 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income $40.38M $19.65M $20.53M
YoY Change 96.73% 169.16% 166.6%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$394.6M -$203.2M -$39.20M
YoY Change 906.63% -4246.94% 172.22%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $80.90M $8.800M -$6.800M
YoY Change -1289.71% -108.01% -89.03%
Cash From Investing Activities $80.90M $8.800M -$6.800M
YoY Change -1289.71% -108.01% -89.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $357.2M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 353.6M 197.1M 55.50M
YoY Change 537.12% 57.18% -29.66%
NET CHANGE
Cash From Operating Activities -394.6M -203.2M -39.20M
Cash From Investing Activities 80.90M 8.800M -6.800M
Cash From Financing Activities 353.6M 197.1M 55.50M
Net Change In Cash 39.90M 2.700M 9.500M
YoY Change 320.0% -86.76% 280.0%
FREE CASH FLOW
Cash From Operating Activities -$394.6M -$203.2M -$39.20M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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518272000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
546017000
CY2011Q4 pmt Liabilities Other
LiabilitiesOther
27688000
CY2011Q4 pmt Mortgage Servicing Rights
MortgageServicingRights
6031000
CY2011Q4 pmt Contingent Offering Costs Payable
ContingentOfferingCostsPayable
2941000
CY2011Q4 pmt Contingent Underwriting Fees Payable
ContingentUnderwritingFeesPayable
5883000
CY2011Q4 pmt Amounts Due From Affiliates
AmountsDueFromAffiliates
347000
CY2011Q4 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
152427000
CY2011Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchase
212677000
CY2011Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements Deposit
MortgageLoansAcquiredForSaleSoldUnderAgreementsDeposit
1600000
CY2011Q4 pmt Mortgage Loans Acquired For Sale At Fair Value Sold Under Agreements To Repurchase
MortgageLoansAcquiredForSaleAtFairValueSoldUnderAgreementsToRepurchase
212677000
CY2011Q4 pmt Mortgage Backed Securities Investment
MortgageBackedSecuritiesInvestment
72813000
CY2011Q4 pmt Loans Under Forward Purchase Agreement Pledged To Secure Forward Purchase Agreements
LoansUnderForwardPurchaseAgreementPledgedToSecureForwardPurchaseAgreements
129310000
CY2011Q4 pmt Loans Held For Sale Principal Balance
LoansHeldForSalePrincipalBalance
222399000
CY2011Q4 pmt Loans Held In Subsidiary Whose Stock Is Pledged To Secure Borrowings
LoansHeldInSubsidiaryWhoseStockIsPledgedToSecureBorrowings
1886000
CY2011Q4 pmt Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
1057592000
CY2011Q4 pmt Deferred Tax Assets Real Estate Valuation Loss
DeferredTaxAssetsRealEstateValuationLoss
2886000
CY2011Q4 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
30319000
CY2011Q4 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvement
495031000
CY2011Q4 pmt Other Expenses Payable
OtherExpensesPayable
8129000
CY2011Q4 pmt Note Payable Secured By Mortgage Loans At Fair Value
NotePayableSecuredByMortgageLoansAtFairValue
28617000
CY2011Q4 pmt Note Payable Secured By Mortgage Loans At Fair Value Unused Borrowing Capacity Amount
NotePayableSecuredByMortgageLoansAtFairValueUnusedBorrowingCapacityAmount
11383000
CY2011Q4 pmt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans Less Than Ninety Days
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoansLessThanNinetyDays
1752226000
CY2011Q4 pmt Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
1284134000
CY2011Q4 pmt Mortgage Loans On Real Estate Fair Value Disclosure
MortgageLoansOnRealEstateFairValueDisclosure
696266000
CY2011Q4 pmt Mortgage Loans Under Forward Purchase Agreement At Fair Value
MortgageLoansUnderForwardPurchaseAgreementAtFairValue
129310000
CY2011Q4 pmt Mortgage Loans Under Forward Purchase Agreements Unpaid Principal Balance
MortgageLoansUnderForwardPurchaseAgreementsUnpaidPrincipalBalance
245692000
CY2011Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
288972000
CY2011Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Fair Value
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseFairValue
231704000
CY2011Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Unused Borrowing Capacity Amount
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseUnusedBorrowingCapacityAmount
137323000
CY2011Q4 pmt Mortgage Loans At Fair Value Sold Under Agreements To Repurchase
MortgageLoansAtFairValueSoldUnderAgreementsToRepurchase
275649000
CY2011Q4 pmt Mortgage Servicing Rights At Fair Value
MortgageServicingRightsAtFairValue
749000
CY2011Q4 pmt Mortgage Servicing Rights Valuation Allowance For Impairment
MortgageServicingRightsValuationAllowanceForImpairment
CY2011Q4 pmt Servicing Asset At Fair Value
ServicingAssetAtFairValue
749000
CY2011Q4 pmt Servicing Asset At Lower Of Amortized Cost Or Fair Value
ServicingAssetAtLowerOfAmortizedCostOrFairValue
5282000
CY2011Q4 pmt Securities Sold Under Agreements To Repurchase Counterparty Margins
SecuritiesSoldUnderAgreementsToRepurchaseCounterpartyMargins
3800000
CY2011Q4 pmt Real Estate Acquired In Settlement Of Loan Under Forward Purchase Agreement
RealEstateAcquiredInSettlementOfLoanUnderForwardPurchaseAgreement
22979000
CY2011Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
205000
CY2011Q4 pmt Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
RealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
27494000
CY2011Q4 pmt Principal And Interest Collections Receivable
PrincipalAndInterestCollectionsReceivable
8664000
CY2011Q4 pmt Principal And Interest Collections Receivable Under Forward Purchase Agreement
PrincipalAndInterestCollectionsReceivableUnderForwardPurchaseAgreement
5299000
CY2011Q4 pmt Ratio Of Loans With Unpaid Principal Balance To Current Property Value
RatioOfLoansWithUnpaidPrincipalBalanceToCurrentPropertyValue
1.00 pure
CY2011Q4 pmt Percentage Of Estimated Fair Value Of Mortgage Loans Originated
PercentageOfEstimatedFairValueOfMortgageLoansOriginated
0.05 pure
CY2011Q4 pmt Percentage Of Estimated Fair Value Of Mortgage Loans Under Forward Purchase With Loan To Value Over One Hundred Percent
PercentageOfEstimatedFairValueOfMortgageLoansUnderForwardPurchaseWithLoanToValueOverOneHundredPercent
0.74 pure
CY2011Q4 pmt Percentage Of Fair Value Mortgage Loan Portfolio
PercentageOfFairValueMortgageLoanPortfolio
0.72 pure
CY2011Q4 pmt Percentage Of Mortgage Loan Forward Purchase Agreement Originated
PercentageOfMortgageLoanForwardPurchaseAgreementOriginated
0.33 pure
CY2011Q4 pmt Percentage Of Mortgage Loan Portfolio
PercentageOfMortgageLoanPortfolio
0.72 pure
CY2011Q4 pmt Percentage Of Mortgage Loan Portfolio Originated In Domestic Real Estate
PercentageOfMortgageLoanPortfolioOriginatedInDomesticRealEstate
0.24 pure
CY2011Q4 pmt Percentage Of Mortgage Loan Under Forward Purchase
PercentageOfMortgageLoanUnderForwardPurchase
0.74 pure
CY2011Q4 pmt Number Of Common Shares Held By Affiliate
NumberOfCommonSharesHeldByAffiliate
75000 shares
CY2011Q4 pmt Contractual Maturities Of Mbs
ContractualMaturitiesOfMbs
More than ten years
CY2011Q4 pmt States Contributing Five Percentage Of Mortgage Loans
StatesContributingFivePercentageOfMortgageLoans
New York Florida New Jersey
CY2011Q4 pmt Real Estate Acquired Through Foreclosure Remeasured During Period
RealEstateAcquiredThroughForeclosureRemeasuredDuringPeriod
32356000
CY2011Q4 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements Remeasured During Period
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreementsRemeasuredDuringPeriod
19836000
CY2011Q4 pmt Real Estate Loans And Securities Pledged
RealEstateLoansAndSecuritiesPledged
5787000
CY2011Q4 pmt Servicing Advances
ServicingAdvances
18870000
CY2011Q4 pmt Mortgage Loans Held For Sale To Affiliate
MortgageLoansHeldForSaleToAffiliate
46266000
CY2011Q4 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreements
22979000
CY2011Q4 pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
650084000
CY2011Q4 pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
FairValuePurchasedOfMortgageLoansInvestmentPortfolioPurchasesFromOrThroughOneOrMoreSubsidiaries
577620000
CY2011Q4 pmt Derivative And Financial Liabilities
DerivativeAndFinancialLiabilities
631313000
CY2011Q4 pmt Derivative And Financial Liabilities Offset Amount
DerivativeAndFinancialLiabilitiesOffsetAmount
631313000
CY2011Q4 pmt Derivative And Financial Liabilities Cash Collateral Offset Amount
DerivativeAndFinancialLiabilitiesCashCollateralOffsetAmount
CY2011Q4 pmt Net Derivative And Financial Liabilities
NetDerivativeAndFinancialLiabilities
CY2012Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
8663261000
CY2012Q4 us-gaap Other Assets
OtherAssets
13922000
CY2012Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
-1256102000
CY2012Q4 us-gaap Due From Affiliates
DueFromAffiliates
4829000
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000000 shares
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
2825000
CY2012Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
CY2012Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
36316000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
614360 shares
CY2012Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
975184000
CY2012Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1262363000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
70889000
CY2012Q4 us-gaap Assets
Assets
2559663000
CY2012Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
142371000
CY2012Q4 us-gaap Management Fee Payable
ManagementFeePayable
4499000
CY2012Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
967000
CY2012Q4 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
32800000
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-41690000
CY2012Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
12216000
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5798000
CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
42402000
CY2012Q4 us-gaap Pledged Financial Instruments Not Separately Reported Loans Receivable Pledged For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedLoansReceivablePledgedForRepurchaseAgreements
1727000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4100000 shares
CY2012Q4 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
290000
CY2012Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
947522000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2559663000
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
58904456000 shares
CY2012Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
-890665000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
665617 shares
CY2012Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
51956000
CY2012Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
589000
CY2012Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.57
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10266000
CY2012Q4 us-gaap Derivative Liability Fair Value Net1
DerivativeLiabilityFairValueNet1
1257069000
CY2012Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
2469000
CY2012Q4 us-gaap Liabilities
Liabilities
1358327000
CY2012Q4 us-gaap Derivative Assets
DerivativeAssets
23706000
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1210796000
CY2012Q4 us-gaap Cash
Cash
33756000
CY2012Q4 us-gaap Summary Of Investments Other Than Investments In Related Parties Fair Value
SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
48000
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1867000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.92
CY2012Q4 us-gaap Financial Instruments Owned Us Government And Agency Obligations At Fair Value
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
CY2012Q4 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
129995000
CY2012Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
88078000
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
-5294000
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
6261000
CY2012Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28404554000 shares
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
26531000
CY2012Q4 us-gaap Summary Of Investments Other Than Investments In Related Parties Carrying Amount
SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
297000
CY2012Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
51956000
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
CY2012Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1189971000
CY2012Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
132977000
CY2012Q4 us-gaap Interest Receivable
InterestReceivable
3029000
CY2012Q4 us-gaap Derivative Asset Fair Value Net
DerivativeAssetFairValueNet
23706000
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1129858000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1201336000
CY2012Q4 pmt Dividend Declared Payable Effective Date Date Month And Year
DividendDeclaredPayableEffectiveDateDateMonthAndYear
March 1, 2013
CY2012Q4 pmt Liabilities Other
LiabilitiesOther
102225000
CY2012Q4 pmt Mortgage Servicing Rights
MortgageServicingRights
126776000
CY2012Q4 pmt Correspondent Lending Outstanding Contractual Loan Commitments
CorrespondentLendingOutstandingContractualLoanCommitments
1694739000
CY2012Q4 pmt Contingent Offering Costs Payable
ContingentOfferingCostsPayable
2941000
CY2012Q4 pmt Contingent Underwriting Fees Payable
ContingentUnderwritingFeesPayable
5883000
CY2012Q4 pmt Amounts Due From Affiliates
AmountsDueFromAffiliates
4829000
CY2012Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchase
894906000
CY2012Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements Deposit
MortgageLoansAcquiredForSaleSoldUnderAgreementsDeposit
4100000
CY2012Q4 pmt Mortgage Loans Acquired For Sale At Fair Value Sold Under Agreements To Repurchase
MortgageLoansAcquiredForSaleAtFairValueSoldUnderAgreementsToRepurchase
894906000
CY2012Q4 pmt Loans Held For Sale Principal Balance
LoansHeldForSalePrincipalBalance
931787000
CY2012Q4 pmt Loans Held In Subsidiary Whose Stock Is Pledged To Secure Borrowings
LoansHeldInSubsidiaryWhoseStockIsPledgedToSecureBorrowings
1538000
CY2012Q4 pmt Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
2165155000
CY2012Q4 pmt Deferred Tax Assets Real Estate Valuation Loss
DeferredTaxAssetsRealEstateValuationLoss
8399000
CY2012Q4 pmt Deposit With Counterparty
DepositWithCounterparty
237000
CY2012Q4 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
39017000
CY2012Q4 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvement
12168740000
CY2012Q4 pmt Other Mortgage Loans Outstanding Contractual Loan Commitments
OtherMortgageLoansOutstandingContractualLoanCommitments
173413000
CY2012Q4 pmt Other Expenses Payable
OtherExpensesPayable
4776000
CY2012Q4 pmt Note Payable Secured By Mortgage Loans At Fair Value
NotePayableSecuredByMortgageLoansAtFairValue
CY2012Q4 pmt Note Payable Secured By Mortgage Loans At Fair Value Unused Borrowing Capacity Amount
NotePayableSecuredByMortgageLoansAtFairValueUnusedBorrowingCapacityAmount
CY2012Q4 pmt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans Less Than Ninety Days
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoansLessThanNinetyDays
3055820000
CY2012Q4 pmt Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
2124033000
CY2012Q4 pmt Mortgage Loans On Real Estate Fair Value Disclosure
MortgageLoansOnRealEstateFairValueDisclosure
1189971000
CY2012Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
1028290000
CY2012Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Fair Value
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseFairValue
972079000
CY2012Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Unused Borrowing Capacity Amount
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseUnusedBorrowingCapacityAmount
505094000
CY2012Q4 pmt Mortgage Loans At Fair Value Sold Under Agreements To Repurchase
MortgageLoansAtFairValueSoldUnderAgreementsToRepurchase
353805000
CY2012Q4 pmt Mortgage Servicing Rights At Lower Of Amortized Cost Or Fair Value
MortgageServicingRightsAtLowerOfAmortizedCostOrFairValue
86215000
CY2012Q4 pmt Mortgage Servicing Rights At Fair Value
MortgageServicingRightsAtFairValue
1346000
CY2012Q4 pmt Mortgage Servicing Rights Amortization Expense After Year Five
MortgageServicingRightsAmortizationExpenseAfterYearFive
68292000
CY2012Q4 pmt Mortgage Servicing Rights Amortization Expense Year Five
MortgageServicingRightsAmortizationExpenseYearFive
10472000
CY2012Q4 pmt Mortgage Servicing Rights Amortization Expense Year Four
MortgageServicingRightsAmortizationExpenseYearFour
11454000
CY2012Q4 pmt Mortgage Servicing Rights Amortization Expense Year One
MortgageServicingRightsAmortizationExpenseYearOne
15880000
CY2012Q4 pmt Mortgage Servicing Rights Amortization Expense Year Three
MortgageServicingRightsAmortizationExpenseYearThree
12666000
CY2012Q4 pmt Mortgage Servicing Rights Amortization Expense Year Two
MortgageServicingRightsAmortizationExpenseYearTwo
14213000
CY2012Q4 pmt Mortgage Servicing Rights Valuation Allowance For Impairment
MortgageServicingRightsValuationAllowanceForImpairment
7547000
CY2012Q4 pmt Servicing Asset At Fair Value
ServicingAssetAtFairValue
1346000
CY2012Q4 pmt Servicing Asset At Lower Of Amortized Cost Or Fair Value
ServicingAssetAtLowerOfAmortizedCostOrFairValue
125430000
CY2012Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
4441000
CY2012Q4 pmt Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
RealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
7391000
CY2012Q4 pmt Principal And Interest Collections Receivable
PrincipalAndInterestCollectionsReceivable
29204000
CY2012Q4 pmt Ratio Of Loans With Unpaid Principal Balance To Current Property Value
RatioOfLoansWithUnpaidPrincipalBalanceToCurrentPropertyValue
1.00 pure
CY2012Q4 pmt Percentage Of Estimated Fair Value Of Mortgage Loans Originated
PercentageOfEstimatedFairValueOfMortgageLoansOriginated
0.05 pure
CY2012Q4 pmt Percentage Of Fair Value Mortgage Loan Portfolio
PercentageOfFairValueMortgageLoanPortfolio
0.68 pure
CY2012Q4 pmt Percentage Of Mortgage Loan Portfolio
PercentageOfMortgageLoanPortfolio
0.77 pure
CY2012Q4 pmt Percentage Of Mortgage Loan Portfolio Originated In Domestic Real Estate
PercentageOfMortgageLoanPortfolioOriginatedInDomesticRealEstate
0.18 pure
CY2012Q4 pmt Number Of Common Shares Held By Affiliate
NumberOfCommonSharesHeldByAffiliate
75000 shares
CY2012Q4 pmt Derivative Asset Netting Adjustment
DerivativeAssetNettingAdjustment
2825000
CY2012Q4 pmt Derivative Liability Netting Adjustment
DerivativeLiabilityNettingAdjustment
-5294000
CY2012Q4 pmt Share Based Compensation Minimum Exercise Price Per Share On Fair Value Per Share Of Stock Percentage
ShareBasedCompensationMinimumExercisePricePerShareOnFairValuePerShareOfStockPercentage
1.00 pure
CY2012Q4 pmt Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageGrantDateFairValue
16.81
CY2012Q4 pmt States Contributing Five Percentage Of Mortgage Loans
StatesContributingFivePercentageOfMortgageLoans
New York Florida New Jersey Illinois
CY2012Q4 pmt Real Estate Acquired Through Foreclosure Remeasured During Period
RealEstateAcquiredThroughForeclosureRemeasuredDuringPeriod
56156000
CY2012Q4 pmt Real Estate Loans And Securities Pledged
RealEstateLoansAndSecuritiesPledged
9061000
CY2012Q4 pmt Servicing Advances
ServicingAdvances
32191000
CY2012Q4 pmt Mortgage Loans Held For Sale To Affiliate
MortgageLoansHeldForSaleToAffiliate
153326000
CY2012Q4 pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
543063000
CY2012Q4 pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
FairValuePurchasedOfMortgageLoansInvestmentPortfolioPurchasesFromOrThroughOneOrMoreSubsidiaries
504758000
CY2012Q4 pmt Derivative And Financial Liabilities
DerivativeAndFinancialLiabilities
1257069000
CY2012Q4 pmt Derivative And Financial Liabilities Offset Amount
DerivativeAndFinancialLiabilitiesOffsetAmount
1256102000
CY2012Q4 pmt Derivative And Financial Liabilities Cash Collateral Offset Amount
DerivativeAndFinancialLiabilitiesCashCollateralOffsetAmount
CY2012Q4 pmt Net Derivative And Financial Liabilities
NetDerivativeAndFinancialLiabilities
967000
CY2012Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
17250000 shares
CY2012Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
357200000
CY2011Q1 pmt Proceeds From Issuance Of Common Stock Pursuant To Over Allotment Option
ProceedsFromIssuanceOfCommonStockPursuantToOverAllotmentOption
24600000
CY2011Q1 pmt Stock Issued During Period Shares New Issues Pursuant To Over Allotment Option
StockIssuedDuringPeriodSharesNewIssuesPursuantToOverAllotmentOption
1425000 shares
CY2011Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
9500000 shares
CY2011Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
163800000
CY2012Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
10000000 shares
CY2012Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
193500000
CY2012Q2 pmt Proceeds From Issuance Of Common Stock Pursuant To Over Allotment Option
ProceedsFromIssuanceOfCommonStockPursuantToOverAllotmentOption
5400000
CY2012Q2 pmt Stock Issued During Period Shares New Issues Pursuant To Over Allotment Option
StockIssuedDuringPeriodSharesNewIssuesPursuantToOverAllotmentOption
287706 shares
CY2010 us-gaap Management Fee Amount Paid
ManagementFeeAmountPaid
4819000
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-27000
CY2010 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
508352000
CY2010 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
7272000
CY2010 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
3106000
CY2010 us-gaap Management Fees Revenue
ManagementFeesRevenue
4878000
CY2010 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1615000
CY2010 us-gaap Investment Income Interest
InvestmentIncomeInterest
86000
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
3248000
CY2010 us-gaap Management Fees Incentive Revenue
ManagementFeesIncentiveRevenue
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.74
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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16775000 shares
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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14.73
CY2010 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
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620000
CY2010 us-gaap Dividends Common Stock Cash
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7070000
CY2010 us-gaap Interest And Dividend Income Operating
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14574000
CY2010 us-gaap Income Tax Expense Benefit Continuing Operations
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2543000
CY2010 us-gaap Increase Decrease In Accrued Interest Receivable Net
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641000
CY2010 us-gaap Interest And Fee Income Loans Consumer Real Estate
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9302000
CY2010 us-gaap Payments Of Stock Issuance Costs
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CY2010 us-gaap Interest Paid
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484000
CY2010 us-gaap Increase Decrease Due From Affiliates
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2095000
CY2010 us-gaap Share Based Compensation
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1812000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-22789000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2010 us-gaap Gain Loss On Sale Of Derivatives
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CY2010 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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273000 shares
CY2010 us-gaap Current State And Local Tax Expense Benefit
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694000
CY2010 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
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CY2010 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-167332000
CY2010 us-gaap Real Estate Owned Valuation Allowance Provision
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1269000
CY2010 us-gaap Servicing Fees Net
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CY2010 us-gaap Dividends Common Stock
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20030000
CY2010 us-gaap Earnings Per Share Basic
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1.46
CY2010 us-gaap Noninterest Income Other Operating Income
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CY2010 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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235514000
CY2010 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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3287000
CY2010 us-gaap Gains Losses On Sales Of Other Real Estate
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-1898000
CY2010 us-gaap Deferred Income Tax Expense Benefit
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-104000
CY2010 us-gaap Net Income Loss
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24483000
CY2010 us-gaap Other Expenses
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2916000
CY2010 us-gaap Earnings Per Share Diluted
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1.44
CY2010 us-gaap Common Stock Dividends Per Share Declared
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1.19
CY2010 us-gaap Net Cash Provided By Used In Continuing Operations
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45393000
CY2010 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
13549000
CY2010 us-gaap Gain Loss On Repurchase Of Debt Instrument
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CY2010 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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113758000
CY2010 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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150000
CY2010 us-gaap Servicing Asset At Fair Value Disposals
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CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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CY2010 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions
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CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2010 us-gaap Management Fees Base Revenue
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4878000
CY2010 us-gaap Current Federal Tax Expense Benefit
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1998000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
97026 shares
CY2010 us-gaap Operating Expenses
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17028000
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
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-33000
CY2010 us-gaap Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
43841000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2543000
CY2010 us-gaap Loan Portfolio Expense
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3200000
CY2010 us-gaap Payments Of Dividends
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12960000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
28400 shares
CY2010 us-gaap Increase Decrease In Accounts Payable Related Parties
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1357000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
23600 shares
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1483000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
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24483000
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2692000
CY2010 us-gaap Increase Decrease In Margin Deposits Outstanding
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9758000
CY2010 us-gaap Professional Fees
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2581000
CY2010 us-gaap Allocated Share Based Compensation Expense
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1812000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27026000
CY2010 us-gaap Proceeds From Sale Of Other Real Estate
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19402000
CY2010 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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5228000
CY2010 us-gaap Interest Income Securities Mortgage Backed
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5186000
CY2010 us-gaap Interest Expense
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826000
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
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434000
CY2010 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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CY2010 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
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CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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9459000
CY2010 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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1812000
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2010 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
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39853000
CY2010 pmt Effective Income Tax Rate Reconciliation Valuation Allowances
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CY2010 pmt Loan Servicing Fees On Mortgage Loans Subject To Forward Purchase Agreements
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CY2010 pmt Fair Value Inputs Annual Per Loan Cost Of Servicing During Period
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CY2010 pmt Percentage Of Ordinary Income
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1.00 pure
CY2010 pmt Deferred Income Tax Expense Benefit Change In Valuation Allowance
DeferredIncomeTaxExpenseBenefitChangeInValuationAllowance
45000
CY2010 pmt Income Tax Rate Reconciliation Change In Valuation Allowance
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45000
CY2010 pmt Fair Value Inputs Weighted Average Life During Period
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CY2010 pmt Amortized Cost Weighted Average Life During Period
AmortizedCostWeightedAverageLifeDuringPeriod
CY2010 pmt Aggregate Expenses Incurred In Transactions With Affiliates
AggregateExpensesIncurredInTransactionsWithAffiliates
5513000
CY2010 pmt Aggregate Non Cash Portion Of Gain On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainOnMortgageLoansAcquiredForSale
-68000
CY2010 pmt Aggregate Cash Gain On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
98000
CY2010 pmt Addition Of Unpaid Interest To Mortgage Loan Balances In Loan Modifications
AdditionOfUnpaidInterestToMortgageLoanBalancesInLoanModifications
155000
CY2010 pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
-24000
CY2010 pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
-44000
CY2010 pmt Compensation
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2627000
CY2010 pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
-806000
CY2010 pmt Amortized Cost Annual Per Loan Cost Of Servicing During Period
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CY2010 pmt Gain Loss Mortgage Backed Securities
GainLossMortgageBackedSecurities
233000
CY2010 pmt Gain Loss Mortgage Loans
GainLossMortgageLoans
27195000
CY2010 pmt Gain Loss On Investments Net
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27428000
CY2010 pmt Gain On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainOnSaleOfMortgageLoansAcquiredForSaleCashPortion
78000
CY2010 pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
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CY2010 pmt Gains Losses Recognized Upon Sale Of Other Real Estate
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-3167000
CY2010 pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
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CY2010 pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
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CY2010 pmt Increase Decrease In Principal And Interest Collections Receivable
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8145000
CY2010 pmt Increase In Payables Under Repurchase Agreements
IncreaseInPayablesUnderRepurchaseAgreements
513141000
CY2010 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Average Balance
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20000
CY2010 pmt Mortgage Loan Hedging Activities Gain Loss
MortgageLoanHedgingActivitiesGainLoss
20000
CY2010 pmt Management Fees
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4878000
CY2010 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Accrual Of Unearned Discounts Asset
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAccrualOfUnearnedDiscountsAsset
3287000
CY2010 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Additions Of Unpaid Interest Impound Advances And Fees To Unpaid Balance Of Mortgage Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAdditionsOfUnpaidInterestImpoundAdvancesAndFeesToUnpaidBalanceOfMortgageLoans
155000
CY2010 pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
417211000
CY2010 pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
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406980000
CY2010 pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-21734000
CY2010 pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
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CY2010 pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
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CY2010 pmt Deferred Income Tax Expense Benefit Other
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CY2010 pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
104000
CY2010 pmt Transfer From Mortgage Loans Acquired For Sale
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CY2010 pmt Transfer Of Mortgage Loans And Advances To Real Estate
TransferOfMortgageLoansAndAdvancesToRealEstate
45951000
CY2010 pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
45951000
CY2010 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Ninety Days Or More
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentNinetyDaysOrMore
CY2010 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Thirty To Ninety Days
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentThirtyToNinetyDays
CY2010 pmt Payment For Expenses Incurred In Transactions With Affiliates
PaymentForExpensesIncurredInTransactionsWithAffiliates
3852000
CY2010 pmt Payments From Purchases Of Securities Sold Under Agreements To Repurchase
PaymentsFromPurchasesOfSecuritiesSoldUnderAgreementsToRepurchase
411939000
CY2010 pmt Payments To Acquire Mortgage Backed Securities Mbs At Fair Value
PaymentsToAcquireMortgageBackedSecuritiesMbsAtFairValue
91141000
CY2010 pmt Payment To Acquire Mortgage Loan At Fair Value
PaymentToAcquireMortgageLoanAtFairValue
417211000
CY2010 pmt Net Investments Income
NetInvestmentsIncome
44054000
CY2010 pmt Net Gain Loss On Mortgage Loans Under Forward Purchase Agreement
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CY2010 pmt Net Gain Loss On Mortgage Loans Acquired For Sale
NetGainLossOnMortgageLoansAcquiredForSale
18000
CY2010 pmt Net Change In Short Term Investments
NetChangeInShortTermInvestments
-213628000
CY2010 pmt Mortgage Servicing Assets At Lower Of Amortized Cost Or Fair Value Gains Losses Recognized
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CY2010 pmt Sales Of Loans Under Agreements To Repurchase
SalesOfLoansUnderAgreementsToRepurchase
147422000
CY2010 pmt Sales Of Real Estate Acquired In Settlement Of Loans
SalesOfRealEstateAcquiredInSettlementOfLoans
19402000
CY2010 pmt Results Of Real Estate Acquired In Settlement Of Loans
ResultsOfRealEstateAcquiredInSettlementOfLoans
2002000
CY2010 pmt Servicing Fees Contractually Specified
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CY2010 pmt Servicing Fees Received Loans Sold With Servicing Retained
ServicingFeesReceivedLoansSoldWithServicingRetained
CY2010 pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
44590000
CY2010 pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
121047000
CY2010 pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
806000
CY2010 pmt Reimbursement Of Common Overhead Incurred
ReimbursementOfCommonOverheadIncurred
1418000
CY2010 pmt Reimbursement Of Expenses
ReimbursementOfExpenses
895000
CY2010 pmt Repayment Of Borrowings Under Forward Purchase Agreement
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CY2010 pmt Repayments Of Mortgage Loans At Fair Value
RepaymentsOfMortgageLoansAtFairValue
55198000
CY2010 pmt Representations And Warranties Losses Incurred
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CY2010 pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
45951000
CY2010 pmt Purchases Of Real Estate Acquired In Satisfaction Of Debt
PurchasesOfRealEstateAcquiredInSatisfactionOfDebt
1238000
CY2010 pmt Purchases Of Real Estate Acquired In Settlement Of Loans
PurchasesOfRealEstateAcquiredInSettlementOfLoans
1238000
CY2010 pmt Proceeds From Sale Of Mortgage Backed Securities Mbs At Fair Value
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58560000
CY2010 pmt Proceeds From Sales Of Mortgage Loans At Fair Value
ProceedsFromSalesOfMortgageLoansAtFairValue
5228000
CY2010 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
12000
CY2010 pmt Fair Value Inputs Annual Prepayment Speed During Period
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CY2010 pmt Fair Value Inputs Pricing Spread During Period
FairValueInputsPricingSpreadDuringPeriod
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CY2010 pmt Amortized Cost Annual Prepayment Speed During Period
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CY2010 pmt Amortized Cost Pricing Spread During Period
AmortizedCostPricingSpreadDuringPeriod
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CY2010 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0134 pure
CY2010 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0139 pure
CY2010 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
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CY2010 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0366 pure
CY2010 pmt Repayment Of Mortgage Loan
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CY2010 pmt Loan Originations Fees
LoanOriginationsFees
23000
CY2010 pmt Allocated General Corporate Overhead Expense Waived
AllocatedGeneralCorporateOverheadExpenseWaived
500000
CY2010 pmt Real Estate Acquired In Settlement Of Loan Under Forward Purchase Agreement Remeasured At Fair Value During Period
RealEstateAcquiredInSettlementOfLoanUnderForwardPurchaseAgreementRemeasuredAtFairValueDuringPeriod
CY2010 pmt Proceeds From Sale Of Mortgage Loans Held For Sale With Continuing Involvement
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CY2010 pmt Increase Decrease In Servicing Advances
IncreaseDecreaseInServicingAdvances
2705000
CY2011 us-gaap Management Fee Amount Paid
ManagementFeeAmountPaid
6873000
CY2011 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
441000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2011 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
669029000
CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
18749000
CY2011 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
577852000
CY2011 us-gaap Management Fees Revenue
ManagementFeesRevenue
6740000
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
10910000
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
100000
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
6941000
CY2011 us-gaap Management Fees Incentive Revenue
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.52
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26396000 shares
CY2011 us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
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CY2011 us-gaap Payments To Acquire Us Government Securities Pledged Under Bond Indenture
PaymentsToAcquireUSGovernmentSecuritiesPledgedUnderBondIndenture
50000000
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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0.111 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
9.82
CY2011 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
873000
CY2011 us-gaap Interest And Dividend Income Operating
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36148000
CY2011 us-gaap Income Tax Expense Benefit Continuing Operations
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8056000
CY2011 us-gaap Increase Decrease In Accrued Interest Receivable Net
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1121000
CY2011 us-gaap Interest And Fee Income Loans Consumer Real Estate
InterestAndFeeIncomeLoansConsumerRealEstate
32819000
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
8581000
CY2011 us-gaap Interest Paid
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16963000
CY2011 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-1768000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
3738000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.001 pure
CY2011 us-gaap Gain Loss On Sale Of Derivatives
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CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
283000 shares
CY2011 us-gaap Current State And Local Tax Expense Benefit
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2139000
CY2011 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
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17000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2011 us-gaap Real Estate Owned Valuation Allowance Provision
RealEstateOwnedValuationAllowanceProvision
10281000
CY2011 us-gaap Servicing Fees Net
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20000
CY2011 us-gaap Dividends Common Stock
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39548000
CY2011 us-gaap Earnings Per Share Basic
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2.41
CY2011 us-gaap Noninterest Income Other Operating Income
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6000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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522066000
CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1993000
CY2011 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
166000
CY2011 us-gaap Gains Losses On Sales Of Other Real Estate
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-908000
CY2011 us-gaap Deferred Income Tax Expense Benefit
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-333000
CY2011 us-gaap Net Income Loss
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CY2011 us-gaap Other Expenses
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5727000
CY2011 us-gaap Earnings Per Share Diluted
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2.41
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
7.88
CY2011 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions
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CY2011 us-gaap Common Stock Dividends Per Share Declared
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1.42
CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-30858000
CY2011 us-gaap Servicing Asset At Fair Value Disposals
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-25000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26679000 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.258 pure
CY2011 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
6740000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6250000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
88711 shares
CY2011 us-gaap Operating Expenses
OperatingExpenses
56119000
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
97000
CY2011 us-gaap Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
1318763000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8056000
CY2011 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
15364000
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
39548000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
32964 shares
CY2011 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
6571000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
340500 shares
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2662000
CY2011 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
50496000
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
206056000
CY2011 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
CY2011 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
204340000
CY2011 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
33386000
CY2011 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
8581000
CY2011 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
206056000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
63740000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8389000
CY2011 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
699000
CY2011 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
632000
CY2011 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
7994000
CY2011 us-gaap Professional Fees
ProfessionalFees
4434000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4214000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
72495000
CY2011 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
63203000
CY2011 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
48000
CY2011 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
10564000
CY2011 us-gaap Interest Income Operating
InterestIncomeOperating
36148000
CY2011 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
3229000
CY2011 us-gaap Interest Expense
InterestExpense
16946000
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1335000
CY2011 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-85366000
CY2011 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-32082000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25373000
CY2011 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3738000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-247000
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018 pure
CY2011 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4769000
CY2011 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
1090299000
CY2011 pmt Effective Income Tax Rate Reconciliation Valuation Allowances
EffectiveIncomeTaxRateReconciliationValuationAllowances
0.000 pure
CY2011 pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
3116000
CY2011 pmt Increase Decrease In Principal And Interest Collections Receivable
IncreaseDecreaseInPrincipalAndInterestCollectionsReceivable
415000
CY2011 pmt Increase In Payables Under Repurchase Agreements
IncreaseInPayablesUnderRepurchaseAgreements
1423615000
CY2011 pmt Increase In Principal And Interest Collections Receivable Under Forward Purchase Agreement
IncreaseInPrincipalAndInterestCollectionsReceivableUnderForwardPurchaseAgreement
5299000
CY2011 pmt Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.95 pure
CY2011 pmt Income Tax Rate Reconciliation Change In Valuation Allowance
IncomeTaxRateReconciliationChangeInValuationAllowance
CY2011 pmt Real Estate Owned Held For Sale Acquired In Business Combination
RealEstateOwnedHeldForSaleAcquiredInBusinessCombination
54212000
CY2011 pmt Aggregate Expenses Incurred In Transactions With Affiliates
AggregateExpensesIncurredInTransactionsWithAffiliates
23416000
CY2011 pmt Aggregate Non Cash Portion Of Gain On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainOnMortgageLoansAcquiredForSale
2358000
CY2011 pmt Aggregate Cash Gain On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
-6365000
CY2011 pmt Addition Of Unpaid Interest To Mortgage Loan Balances In Loan Modifications
AdditionOfUnpaidInterestToMortgageLoanBalancesInLoanModifications
8657000
CY2011 pmt Accrual Of Costs Related To Forward Purchase Agreement
AccrualOfCostsRelatedToForwardPurchaseAgreement
4406000
CY2011 pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
6192000
CY2011 pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
-3834000
CY2011 pmt Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
5772000
CY2011 pmt Compensation
Compensation
5161000
CY2011 pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
-3423000
CY2011 pmt Amortization Of Credit Facility Commitment Fees
AmortizationOfCreditFacilityCommitmentFees
1842000
CY2011 pmt Gain Loss Mortgage Backed Securities
GainLossMortgageBackedSecurities
-2812000
CY2011 pmt Gain Loss Mortgage Loans
GainLossMortgageLoans
85455000
CY2011 pmt Gain Loss On Investments Net
GainLossOnInvestmentsNet
82643000
CY2011 pmt Gain On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainOnSaleOfMortgageLoansAcquiredForSaleCashPortion
-1571000
CY2011 pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
GainsLossesOnSalesOfOtherRealEstateUnderForwardPurchaseAgreements
171000
CY2011 pmt Gains Losses Recognized Upon Sale Of Other Real Estate
GainsLossesRecognizedUponSaleOfOtherRealEstate
-11189000
CY2011 pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
GainsLossesRecognizedUponSaleOfOtherRealEstateUnderForwardPurchaseAgreement
415000
CY2011 pmt Interest Expense Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
InterestExpenseMortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchase
2426000
CY2011 pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
InterestIncomeOnMortgageLoansSubjectToForwardPurchaseAgreements
1131000
CY2011 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Amortization Of Debt Issuance Costs Excluded From Average Cost
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAmortizationOfDebtIssuanceCostsExcludedFromAverageCost
1300000
CY2011 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Average Balance
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAverageBalance
43713000
CY2011 pmt Mortgage Loan Hedging Activities Gain Loss
MortgageLoanHedgingActivitiesGainLoss
-4794000
CY2011 pmt Management Fees
ManagementFees
6740000
CY2011 pmt Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
1747000
CY2011 pmt Loan Servicing Fees
LoanServicingFees
1747000
CY2011 pmt Loan Servicing Fees On Mortgage Loans Subject To Forward Purchase Agreements
LoanServicingFeesOnMortgageLoansSubjectToForwardPurchaseAgreements
744000
CY2011 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Accrual Of Unearned Discounts Asset
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAccrualOfUnearnedDiscountsAsset
1993000
CY2011 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Servicing Asset Proceeds From Sale Of Mortgage Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisServicingAssetProceedsFromSaleOfMortgageLoans
774000
CY2011 pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
647609000
CY2011 pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
FairValueOfMortgageLoansPurchasedFromOrThroughOneOrMoreSubsidiaries
575460000
CY2011 pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-53284000
CY2011 pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
42000
CY2011 pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
DeferredIncomeTaxExpenseBenefitMortgageServicingRights
-2536000
CY2011 pmt Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
86000
CY2011 pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
2783000
CY2011 pmt Transfer From Mortgage Loans Acquired For Sale
TransferFromMortgageLoansAcquiredForSale
CY2011 pmt Transfer Of Mortgage Loans And Advances To Real Estate
TransferOfMortgageLoansAndAdvancesToRealEstate
110891000
CY2011 pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
104203000
CY2011 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements And Advances To Real Estate Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsAndAdvancesToRealEstateUnderForwardPurchaseAgreements
23880000
CY2011 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoans
CY2011 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Reo Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToReoUnderForwardPurchaseAgreements
23039000
CY2011 pmt Transfer Of Real Estate Of Loans Under Forward Purchase Agreements
TransferOfRealEstateOfLoansUnderForwardPurchaseAgreements
778000
CY2011 pmt Transfers From Reo Under Forward Purchases Agreements
TransfersFromReoUnderForwardPurchasesAgreements
778000
CY2011 pmt Transfers To Reo
TransfersToReo
778000
CY2011 pmt Write Down Of Mortgage Servicing Rights At Amortized Cost Due To Valuation Allowance
WriteDownOfMortgageServicingRightsAtAmortizedCostDueToValuationAllowance
CY2011 pmt Payment For Expenses Incurred In Transactions With Affiliates
PaymentForExpensesIncurredInTransactionsWithAffiliates
12656000
CY2011 pmt Other Operating Expenses Net
OtherOperatingExpensesNet
22062000
CY2011 pmt Other Operating Income Net
OtherOperatingIncomeNet
2190000
CY2011 pmt Origination Of Mortgage Servicing Rights Msrs Carried At Lower Of Amortized Cost Or Fair Value
OriginationOfMortgageServicingRightsMsrsCarriedAtLowerOfAmortizedCostOrFairValue
5299000
CY2011 pmt Payments From Purchases Of Securities Sold Under Agreements To Repurchase
PaymentsFromPurchasesOfSecuritiesSoldUnderAgreementsToRepurchase
1409324000
CY2011 pmt Payments To Acquire Mortgage Backed Securities Mbs At Fair Value
PaymentsToAcquireMortgageBackedSecuritiesMbsAtFairValue
21420000
CY2011 pmt Payment To Acquire Mortgage Loan At Fair Value
PaymentToAcquireMortgageLoanAtFairValue
453323000
CY2011 pmt Note Payable Secured By Mortgage Loans At Fair Value Fair Value Of Mortgage Loans Securing Note Payable At Period End
NotePayableSecuredByMortgageLoansAtFairValueFairValueOfMortgageLoansSecuringNotePayableAtPeriodEnd
49617000
CY2011 pmt Note Payable Secured By Mortgage Loans At Fair Value Interest Expense
NotePayableSecuredByMortgageLoansAtFairValueInterestExpense
254000
CY2011 pmt Note Payable Secured By Mortgage Loans At Fair Value Maximum Daily Amount Outstanding
NotePayableSecuredByMortgageLoansAtFairValueMaximumDailyAmountOutstanding
33386000
CY2011 pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rate At Period End
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRateAtPeriodEnd
8265000
CY2011 pmt Net Investments Income
NetInvestmentsIncome
128614000
CY2011 pmt Net Gain Loss On Mortgage Loans Under Forward Purchase Agreement
NetGainLossOnMortgageLoansUnderForwardPurchaseAgreement
14357000
CY2011 pmt Net Gain Loss On Mortgage Loans Acquired For Sale
NetGainLossOnMortgageLoansAcquiredForSale
7633000
CY2011 pmt Net Change In Short Term Investments
NetChangeInShortTermInvestments
30319000
CY2011 pmt Mortgage Servicing Assets At Lower Of Amortized Cost Or Fair Value Gains Losses Recognized
MortgageServicingAssetsAtLowerOfAmortizedCostOrFairValueGainsLossesRecognized
CY2011 pmt Mortgage Servicing Rights At Fair Value Addition Due To Sale Of Loan
MortgageServicingRightsAtFairValueAdditionDueToSaleOfLoan
774000
CY2011 pmt Mortgage Servicing Rights Fair Value Additions
MortgageServicingRightsFairValueAdditions
774000
CY2011 pmt Mortgage Servicing Rights Other Changes
MortgageServicingRightsOtherChanges
25000
CY2011 pmt Sales Of Loans Under Agreements To Repurchase
SalesOfLoansUnderAgreementsToRepurchase
1531744000
CY2011 pmt Sales Of Real Estate Acquired In Settlement Of Loans
SalesOfRealEstateAcquiredInSettlementOfLoans
63203000
CY2011 pmt Sales Of Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
SalesOfRealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
37587000
CY2011 pmt Sales Of Real Estate Acquired In Settlement Of Loans Under Forward Purchase Agreement
SalesOfRealEstateAcquiredInSettlementOfLoansUnderForwardPurchaseAgreement
1258000
CY2011 pmt Results Of Real Estate Acquired In Settlement Of Loans
ResultsOfRealEstateAcquiredInSettlementOfLoans
1079000
CY2011 pmt Servicing Fees Contractually Specified
ServicingFeesContractuallySpecified
62000
CY2011 pmt Servicing Fees Received Loans Sold With Servicing Retained
ServicingFeesReceivedLoansSoldWithServicingRetained
213000
CY2011 pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
78021000
CY2011 pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
115493000
CY2011 pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
3182000
CY2011 pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
RealEstateOwnedUnderForwardPurchaseAgreementValuationAllowanceProvision
244000
CY2011 pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
6073000
CY2011 pmt Reimbursement Of Common Overhead Incurred
ReimbursementOfCommonOverheadIncurred
4086000
CY2011 pmt Reimbursement Of Expenses
ReimbursementOfExpenses
2219000
CY2011 pmt Repayment Of Borrowings Under Forward Purchase Agreement
RepaymentOfBorrowingsUnderForwardPurchaseAgreement
47167000
CY2011 pmt Repayments Of Mortgage Loans At Fair Value
RepaymentsOfMortgageLoansAtFairValue
111624000
CY2011 pmt Proceeds From Sale Of Mortgage Loans Held For Sale With Continuing Involvement
ProceedsFromSaleOfMortgageLoansHeldForSaleWithContinuingInvolvement
518567000
CY2011 pmt Increase Decrease In Servicing Advances
IncreaseDecreaseInServicingAdvances
16165000
CY2011 pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
15955
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2011 pmt Percentage Of Distributions Characterized As Long Term Capital Gain
PercentageOfDistributionsCharacterizedAsLongTermCapitalGain
0.05 pure
CY2011 pmt Repayment Of Mortgage Loan
RepaymentOfMortgageLoan
33097000
CY2011 pmt Transfer To Mortgage Loans Acquired For Sale
TransferToMortgageLoansAcquiredForSale
10183000
CY2011 pmt Loan Originations Fees
LoanOriginationsFees
1085000
CY2011 pmt Real Estate Acquired In Settlement Of Loan Under Forward Purchase Agreement Remeasured At Fair Value During Period
RealEstateAcquiredInSettlementOfLoanUnderForwardPurchaseAgreementRemeasuredAtFairValueDuringPeriod
-241000
CY2011 pmt Repayments Of Mortgage Loans Under Forward Purchase Agreement At Fair Value
RepaymentsOfMortgageLoansUnderForwardPurchaseAgreementAtFairValue
33097000
CY2011 pmt Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
CY2011 pmt Repurchases Of Loans Sold Under Agreements To Repurchase
RepurchasesOfLoansSoldUnderAgreementsToRepurchase
1190840000
CY2011 pmt Repurchases Of Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
RepurchasesOfRealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
10093000
CY2011 pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
110891000
CY2011 pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
RealEstateAcquiredInSatisfactionOfDebtUnderForwardPurchaseAgreements
23880000
CY2011 pmt Purchases Of Real Estate Acquired In Satisfaction Of Debt
PurchasesOfRealEstateAcquiredInSatisfactionOfDebt
1511000
CY2011 pmt Purchases Of Real Estate Acquired In Settlement Of Loans
PurchasesOfRealEstateAcquiredInSettlementOfLoans
1511000
CY2011 pmt Purchases During Year Of Real Estate Acquired In Settlement Of Loan Under Forward Purchase Agreement
PurchasesDuringYearOfRealEstateAcquiredInSettlementOfLoanUnderForwardPurchaseAgreement
964000
CY2011 pmt Proceeds From Sale Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleOfMortgageBackedSecuritiesMbsAtFairValue
59666000
CY2011 pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
ProceedsFromSaleOfOtherRealEstateUnderForwardPurchaseAgreements
1258000
CY2011 pmt Proceeds From Sales Of Mortgage Loans At Fair Value
ProceedsFromSalesOfMortgageLoansAtFairValue
2570000
CY2011 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
205000
CY2011 pmt Purchase Of Mortgage Loans Financed Through Forward Purchase Agreements
PurchaseOfMortgageLoansFinancedThroughForwardPurchaseAgreements
194286000
CY2011 pmt Purchase Of Real Estate Financed Through Forward Purchase Agreements
PurchaseOfRealEstateFinancedThroughForwardPurchaseAgreements
964000
CY2011 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0067 pure
CY2011 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0110 pure
CY2011 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0206 pure
CY2011 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0263 pure
CY2011 pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rate During Period
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRateDuringPeriod
0.0253 pure
CY2011 pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rates At Period End
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRatesAtPeriodEnd
0.0330 pure
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001464423
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Trading Symbol
TradingSymbol
PMT
CY2012 dei Entity Registrant Name
EntityRegistrantName
PENNYMAC MORTGAGE INVESTMENT TRUST
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 invest Investment Maturity Date1
InvestmentMaturityDate1
2012-01-19
CY2012 invest Investment Interest Rate
InvestmentInterestRate
0.0000 pure
CY2012 us-gaap Management Fee Amount Paid
ManagementFeeAmountPaid
9032000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y4M24D
CY2012 us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
23000
CY2012 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
35875000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10861000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
542791000
CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
24943000
CY2012 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
8864264000
CY2012 us-gaap Management Fees Revenue
ManagementFeesRevenue
12436000
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-861000
CY2012 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Following is a summary of maturities of repurchase agreements by maturity date:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <!-- Begin Table Head --> <tr> <td width="79%"></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="BORDER-BOTTOM: #000000 1px solid; WIDTH: 144pt"> <font style="FONT-FAMILY: Times New Roman" size="1"><b>Remaining maturity at December&#xA0;31, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Balance</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center"> <font style="FONT-FAMILY: Times New Roman" size="1"><b>(in&#xA0;thousands)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Within 30 days</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">24,001</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Over 30 to 90&#xA0;days</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">870,905</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Over 90&#xA0;days to 180 days</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Over 180 days to 1 year</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">894,906</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Weighted average maturity (in months)</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <!-- End Table Body --></table> </div>
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
42000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
12700000
CY2012 us-gaap Management Fees Incentive Revenue
ManagementFeesIncentiveRevenue
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.91
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43553000 shares
CY2012 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
104000
CY2012 us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
-852000
CY2012 us-gaap Payments To Acquire Us Government Securities Pledged Under Bond Indenture
PaymentsToAcquireUSGovernmentSecuritiesPledgedUnderBondIndenture
-50000000
CY2012 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2012-09-26
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
12.15
CY2012 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
488000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
CY2012 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
72441000
CY2012 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
48573000
CY2012 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
930000
CY2012 us-gaap Interest And Fee Income Loans Consumer Real Estate
InterestAndFeeIncomeLoansConsumerRealEstate
70190000
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1361000
CY2012 us-gaap Interest Paid
InterestPaid
31693000
CY2012 us-gaap Real Estate Owned Valuation Allowance Provision
RealEstateOwnedValuationAllowanceProvision
16942000
CY2012 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
4482000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
5067000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-820400000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000 pure
CY2012 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
2123000
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
323000 shares
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1686000
CY2012 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
5460000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-111442000
CY2012 us-gaap Servicing Fees Net
ServicingFeesNet
-564000
CY2012 us-gaap Dividends Common Stock
DividendsCommonStock
94821000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.14
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.22
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
19167000
CY2012 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
-852000
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43876000 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.14
CY2012 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
54000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
951009000
CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
19887000
CY2012 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
2505000
CY2012 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
502000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42127000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
138249000
CY2012 us-gaap Other Expenses
OtherExpenses
7985000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
16.82
CY2012 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisions
-7547000
CY2012 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
12436000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.134 pure
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4760000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
161678 shares
CY2012 us-gaap Operating Expenses
OperatingExpenses
148346000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-11000
CY2012 us-gaap Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
22443136000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48573000
CY2012 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
20180000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
94821000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
14514 shares
CY2012 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
50000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
350000 shares
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
32818000
CY2012 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
69649000
CY2012 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
608184000
CY2012 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
186822000
CY2012 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
165949000
CY2012 us-gaap Professional Fees
ProfessionalFees
6053000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6032000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
206057000
CY2012 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1361000
CY2012 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
608184000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
136816000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6446000
CY2012 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
1433000
CY2012 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
8617000
CY2012 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
126499000
CY2012 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
11730000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
52212000
CY2012 us-gaap Interest Income Operating
InterestIncomeOperating
72441000
CY2012 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
2084000
CY2012 us-gaap Interest Expense
InterestExpense
31642000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8140000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-102936000
CY2012 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-24170000
CY2012 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.045 pure
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
65387000
CY2012 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
5068000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
31266000
CY2012 us-gaap Interest Income Other
InterestIncomeOther
125000
CY2012 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note&#xA0;36&#x2014;Recently Issued Accounting Pronouncements</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In December 2011, the FASB issued an Accounting Standards Update, (&#x201C;ASU&#x201D;), ASU 2011-11 to the <i>Balance Sheet</i> topic of the Codification. The amendments in this ASU affect all entities that have financial instruments and derivative instruments that are either (1)&#xA0;offset in accordance with the <i>Offsetting Presentation</i> section of the <i>Balance Sheet</i> topic or the <i>Presentation</i> section of the <i>Derivatives and Hedging</i> topic of the Codification or (2)&#xA0;subject an enforceable master netting arrangement or similar agreement.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The amendments in this ASU require the Company to disclose information about offsetting and related arrangement to enable users of financial statements to understand the effect of netting to an entity&#x2019;s financial position.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px"> &#xA0;</p> <p style="MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In January 2013, the FASB issued ASU 2013-01, <i>Clarifying the Scope of Disclosures About Offsetting Assets and Liabilities,</i> which clarifies which instruments and transactions are subject to the offsetting disclosure requirements established by ASU 2011-11. The ASU clarifies that the scope applied to derivatives accounted for in accordance with the <i>Derivatives and Hedging</i> topic of the Codification, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with the <i>Offsetting Presentation</i> section of the <i>Balance Sheet</i> topic or the <i>Presentation</i> section of the <i>Derivatives and Hedging</i> topic or subject to an enforceable master netting arrangement or similar agreement.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The ASU amendment and the subsequent clarification of the amendment are effective for periods beginning on or after January&#xA0;1, 2013, and must be shown for all periods shown on the balance sheet. The adoption of these ASU amendments is not expected to have a material effect on our financial condition or results of operations.</font></p> </div>
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.044 pure
CY2012 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
26573000
CY2012 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
21698266000
CY2012 pmt Effective Income Tax Rate Reconciliation Valuation Allowances
EffectiveIncomeTaxRateReconciliationValuationAllowances
0.000 pure
CY2012 pmt Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.83 pure
CY2012 pmt Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.17 pure
CY2012 pmt Absolute Total Return To Shareholders Hurdle
AbsoluteTotalReturnToShareholdersHurdle
0.08 pure
CY2012 pmt Income Tax Rate Reconciliation Change In Valuation Allowance
IncomeTaxRateReconciliationChangeInValuationAllowance
CY2012 pmt Real Estate Owned Held For Sale Acquired In Business Combination
RealEstateOwnedHeldForSaleAcquiredInBusinessCombination
14773000
CY2012 pmt Aggregate Expenses Incurred In Transactions With Affiliates
AggregateExpensesIncurredInTransactionsWithAffiliates
90415000
CY2012 pmt Aggregate Non Cash Portion Of Gain On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainOnMortgageLoansAcquiredForSale
46644000
CY2012 pmt Aggregate Cash Gain On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
-43122000
CY2012 pmt Addition Of Unpaid Interest To Mortgage Loan Balances In Loan Modifications
AdditionOfUnpaidInterestToMortgageLoanBalancesInLoanModifications
19745000
CY2012 pmt Accrual Of Costs Related To Forward Purchase Agreement
AccrualOfCostsRelatedToForwardPurchaseAgreement
3421000
CY2012 pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
43691000
CY2012 pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
2953000
CY2012 pmt Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
13707000
CY2012 pmt Compensation
Compensation
7144000
CY2012 pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
-19715000
CY2012 pmt Amortization Of Credit Facility Commitment Fees
AmortizationOfCreditFacilityCommitmentFees
2952000
CY2012 pmt Gain Loss Mortgage Backed Securities
GainLossMortgageBackedSecurities
612000
CY2012 pmt Gain Loss Mortgage Loans
GainLossMortgageLoans
103037000
CY2012 pmt Gain Loss On Investments Net
GainLossOnInvestmentsNet
103649000
CY2012 pmt Gain On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainOnSaleOfMortgageLoansAcquiredForSaleCashPortion
13918000
CY2012 pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
GainsLossesOnSalesOfOtherRealEstateUnderForwardPurchaseAgreements
1870000
CY2012 pmt Gains Losses Recognized Upon Sale Of Other Real Estate
GainsLossesRecognizedUponSaleOfOtherRealEstate
-16440000
CY2012 pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
GainsLossesRecognizedUponSaleOfOtherRealEstateUnderForwardPurchaseAgreement
2319000
CY2012 pmt Interest Expense Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
InterestExpenseMortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchase
12981000
CY2012 pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
InterestIncomeOnMortgageLoansSubjectToForwardPurchaseAgreements
996000
CY2012 pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
2396000
CY2012 pmt Increase Decrease In Principal And Interest Collections Receivable
IncreaseDecreaseInPrincipalAndInterestCollectionsReceivable
20540000
CY2012 pmt Increase In Payables Under Repurchase Agreements
IncreaseInPayablesUnderRepurchaseAgreements
752343000
CY2012 pmt Increase In Principal And Interest Collections Receivable Under Forward Purchase Agreement
IncreaseInPrincipalAndInterestCollectionsReceivableUnderForwardPurchaseAgreement
-5299000
CY2012 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Amortization Of Debt Issuance Costs Excluded From Average Cost
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAmortizationOfDebtIssuanceCostsExcludedFromAverageCost
3300000
CY2012 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Average Balance
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAverageBalance
412242000
CY2012 pmt Mortgage Loan Hedging Activities Gain Loss
MortgageLoanHedgingActivitiesGainLoss
-57040000
CY2012 pmt Management Fees
ManagementFees
12436000
CY2012 pmt Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
62906000
CY2012 pmt Loan Servicing Fees
LoanServicingFees
62906000
CY2012 pmt Loan Servicing Fees On Mortgage Loans Subject To Forward Purchase Agreements
LoanServicingFeesOnMortgageLoansSubjectToForwardPurchaseAgreements
1011000
CY2012 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Accrual Of Unearned Discounts Asset
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAccrualOfUnearnedDiscountsAsset
363000
CY2012 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Servicing Asset Proceeds From Sale Of Mortgage Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisServicingAssetProceedsFromSaleOfMortgageLoans
1508000
CY2012 pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
542766000
CY2012 pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
FairValueOfMortgageLoansPurchasedFromOrThroughOneOrMoreSubsidiaries
504710000
CY2012 pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-78766000
CY2012 pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
11736000
CY2012 pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
DeferredIncomeTaxExpenseBenefitMortgageServicingRights
-49420000
CY2012 pmt Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
1781000
CY2012 pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
5512000
CY2012 pmt Transfer From Mortgage Loans Acquired For Sale
TransferFromMortgageLoansAcquiredForSale
18000
CY2012 pmt Transfer Of Mortgage Loans And Advances To Real Estate
TransferOfMortgageLoansAndAdvancesToRealEstate
112642000
CY2012 pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
109440000
CY2012 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements And Advances To Real Estate Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsAndAdvancesToRealEstateUnderForwardPurchaseAgreements
6633000
CY2012 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans At Fair Value
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoansAtFairValue
117913000
CY2012 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Reo Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToReoUnderForwardPurchaseAgreements
7473000
CY2012 pmt Transfer Of Real Estate Of Loans Under Forward Purchase Agreements
TransferOfRealEstateOfLoansUnderForwardPurchaseAgreements
21819000
CY2012 pmt Transfers From Reo Under Forward Purchases Agreements
TransfersFromReoUnderForwardPurchasesAgreements
21819000
CY2012 pmt Transfers To Reo
TransfersToReo
21819000
CY2012 pmt Write Down Of Mortgage Servicing Rights At Amortized Cost Due To Valuation Allowance
WriteDownOfMortgageServicingRightsAtAmortizedCostDueToValuationAllowance
CY2012 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Ninety Days Or More
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentNinetyDaysOrMore
1386000
CY2012 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Thirty To Ninety Days
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentThirtyToNinetyDays
45021000
CY2012 pmt Payment For Expenses Incurred In Transactions With Affiliates
PaymentForExpensesIncurredInTransactionsWithAffiliates
85554000
CY2012 pmt Other Operating Expenses Net
OtherOperatingExpensesNet
33618000
CY2012 pmt Other Operating Income Net
OtherOperatingIncomeNet
11403000
CY2012 pmt Origination Of Mortgage Servicing Rights Msrs Carried At Lower Of Amortized Cost Or Fair Value
OriginationOfMortgageServicingRightsMsrsCarriedAtLowerOfAmortizedCostOrFairValue
133159000
CY2012 pmt Payments From Purchases Of Securities Sold Under Agreements To Repurchase
PaymentsFromPurchasesOfSecuritiesSoldUnderAgreementsToRepurchase
867836000
CY2012 pmt Payments To Acquire Mortgage Backed Securities Mbs At Fair Value
PaymentsToAcquireMortgageBackedSecuritiesMbsAtFairValue
112211000
CY2012 pmt Payment To Acquire Mortgage Loan At Fair Value
PaymentToAcquireMortgageLoanAtFairValue
541696000
CY2012 pmt Note Payable Secured By Mortgage Loans At Fair Value Fair Value Of Mortgage Loans Securing Note Payable At Period End
NotePayableSecuredByMortgageLoansAtFairValueFairValueOfMortgageLoansSecuringNotePayableAtPeriodEnd
CY2012 pmt Note Payable Secured By Mortgage Loans At Fair Value Interest Expense
NotePayableSecuredByMortgageLoansAtFairValueInterestExpense
112000
CY2012 pmt Note Payable Secured By Mortgage Loans At Fair Value Maximum Daily Amount Outstanding
NotePayableSecuredByMortgageLoansAtFairValueMaximumDailyAmountOutstanding
28617000
CY2012 pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rate At Period End
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRateAtPeriodEnd
1708000
CY2012 pmt Net Investments Income
NetInvestmentsIncome
335168000
CY2012 pmt Net Gain Loss On Mortgage Loans Under Forward Purchase Agreement
NetGainLossOnMortgageLoansUnderForwardPurchaseAgreement
46295000
CY2012 pmt Net Gain Loss On Mortgage Loans Acquired For Sale
NetGainLossOnMortgageLoansAcquiredForSale
147675000
CY2012 pmt Net Change In Short Term Investments
NetChangeInShortTermInvestments
8698000
CY2012 pmt Mortgage Servicing Assets At Lower Of Amortized Cost Or Fair Value Gains Losses Recognized
MortgageServicingAssetsAtLowerOfAmortizedCostOrFairValueGainsLossesRecognized
-7547000
CY2012 pmt Mortgage Servicing Rights At Fair Value Addition Due To Sale Of Loan
MortgageServicingRightsAtFairValueAdditionDueToSaleOfLoan
1508000
CY2012 pmt Mortgage Servicing Rights Fair Value Additions
MortgageServicingRightsFairValueAdditions
1528000
CY2012 pmt Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
20000
CY2012 pmt Mortgage Servicing Rights Fair Value Sales
MortgageServicingRightsFairValueSales
79000
CY2012 pmt Mortgage Servicing Rights Other Changes
MortgageServicingRightsOtherChanges
144000
CY2012 pmt Mortgage Servicing Rights Valuation Adjustment
MortgageServicingRightsValuationAdjustment
708000
CY2012 pmt Sales Of Loans Under Agreements To Repurchase
SalesOfLoansUnderAgreementsToRepurchase
21085673000
CY2012 pmt Sales Of Real Estate Acquired In Settlement Of Loans
SalesOfRealEstateAcquiredInSettlementOfLoans
126499000
CY2012 pmt Sales Of Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
SalesOfRealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
10753000
CY2012 pmt Sales Of Real Estate Acquired In Settlement Of Loans Under Forward Purchase Agreement
SalesOfRealEstateAcquiredInSettlementOfLoansUnderForwardPurchaseAgreement
9912000
CY2012 pmt Results Of Real Estate Acquired In Settlement Of Loans
ResultsOfRealEstateAcquiredInSettlementOfLoans
1368000
CY2012 pmt Servicing Fees Contractually Specified
ServicingFeesContractuallySpecified
11172000
CY2012 pmt Servicing Fees Received Loans Sold With Servicing Retained
ServicingFeesReceivedLoansSoldWithServicingRetained
17481000
CY2012 pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
74560000
CY2012 pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
160334000
CY2012 pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
12168000
CY2012 pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
RealEstateOwnedUnderForwardPurchaseAgreementValuationAllowanceProvision
449000
CY2012 pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
134682000
CY2012 pmt Reimbursement Of Common Overhead Incurred
ReimbursementOfCommonOverheadIncurred
4183000
CY2012 pmt Reimbursement Of Expenses
ReimbursementOfExpenses
3146000
CY2012 pmt Repayment Of Borrowings Under Forward Purchase Agreement
RepaymentOfBorrowingsUnderForwardPurchaseAgreement
157166000
CY2012 pmt Repayments Of Mortgage Loans At Fair Value
RepaymentsOfMortgageLoansAtFairValue
169877000
CY2012 pmt Repayments Of Mortgage Loans Under Forward Purchase Agreement At Fair Value
RepaymentsOfMortgageLoansUnderForwardPurchaseAgreementAtFairValue
14292000
CY2012 pmt Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
CY2012 pmt Repurchases Of Loans Sold Under Agreements To Repurchase
RepurchasesOfLoansSoldUnderAgreementsToRepurchase
20327332000
CY2012 pmt Repurchases Of Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
RepurchasesOfRealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
30855000
CY2012 pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
112642000
CY2012 pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
RealEstateAcquiredInSatisfactionOfDebtUnderForwardPurchaseAgreements
6633000
CY2012 pmt Purchases Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
PurchasesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
15000
CY2012 pmt Purchases Of Real Estate Acquired In Satisfaction Of Debt
PurchasesOfRealEstateAcquiredInSatisfactionOfDebt
48000
CY2012 pmt Purchases Of Real Estate Acquired In Settlement Of Loans
PurchasesOfRealEstateAcquiredInSettlementOfLoans
48000
CY2012 pmt Proceeds From Sale Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleOfMortgageBackedSecuritiesMbsAtFairValue
23218000
CY2012 pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
ProceedsFromSaleOfOtherRealEstateUnderForwardPurchaseAgreements
9912000
CY2012 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
4236000
CY2012 pmt Purchase Of Mortgage Loans Financed Through Forward Purchase Agreements
PurchaseOfMortgageLoansFinancedThroughForwardPurchaseAgreements
1070000
CY2012 pmt Purchase Of Real Estate Financed Through Forward Purchase Agreements
PurchaseOfRealEstateFinancedThroughForwardPurchaseAgreements
249000
CY2012 pmt Fulfillment Fees Interest Rate Effective Percentage Rate
FulfillmentFeesInterestRateEffectivePercentageRate
0.0050 pure
CY2012 pmt Fixed Rate Mortgage Loans Maximum
FixedRateMortgageLoansMaximum
0.045 pure
CY2012 pmt Fixed Rate Mortgage Loans Minimum
FixedRateMortgageLoansMinimum
0.030 pure
CY2012 pmt Maximum Equity Based Awards Issuable Percentage Of Issued And Outstanding Shares As Of Grant Date
MaximumEquityBasedAwardsIssuablePercentageOfIssuedAndOutstandingSharesAsOfGrantDate
0.08 pure
CY2012 pmt Basis Point For Mortgage Loan
BasisPointForMortgageLoan
0.0050 pure
CY2012 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0000 pure
CY2012 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0064 pure
CY2012 pmt Mortgage Loans At Fair Value Minimum Service Fee Rate Paid To Affiliate
MortgageLoansAtFairValueMinimumServiceFeeRatePaidToAffiliate
0.0050 pure
CY2012 pmt Mortgage Loans At Fair Value Maximum Service Fee Rate Paid To Affiliate
MortgageLoansAtFairValueMaximumServiceFeeRatePaidToAffiliate
0.0100 pure
CY2012 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0231 pure
CY2012 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0232 pure
CY2012 pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rate During Period
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRateDuringPeriod
0.0695 pure
CY2012 pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rates At Period End
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRatesAtPeriodEnd
pure
CY2012 pmt Percentage Of Taxable Income For Distribution
PercentageOfTaxableIncomeForDistribution
0.90 pure
CY2012 pmt Sourcing Fee On Unpaid Principal Balance
SourcingFeeOnUnpaidPrincipalBalance
0.0003 pure
CY2012 pmt Mortgage Loans Description
MortgageLoansDescription
Note rate pools of 50 basis points
CY2012 pmt Initial Interest Rates
InitialInterestRates
More than 4.5%
CY2012 pmt Loans Delinquent Period
LoansDelinquentPeriod
90 or more days
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2012 pmt Mortgage Loans Description Of Variable Rate Basis
MortgageLoansDescriptionOfVariableRateBasis
Note rate pools of 50 basis points for note rates between 3.0% and 4.5% and a single pool for note rates below 3%. Adjustable rate mortgage loans with initial interest rates of 4.5% or less are evaluated in a single pool.
CY2012 pmt Related Party Base Management Fee As Percentage Of Stock Holders Equity
RelatedPartyBaseManagementFeeAsPercentageOfStockHoldersEquity
0.01500 pure
CY2012 pmt Dividend Record Date
DividendRecordDate
2013-02-17
CY2012 pmt Performance Fees Allocation Percentage To Partnership
PerformanceFeesAllocationPercentageToPartnership
0.20 pure
CY2012 pmt Repayment Of Mortgage Loan
RepaymentOfMortgageLoan
14292000
CY2012 pmt Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Estimated Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsEstimatedForfeitureRate
0.15 pure
CY2012 pmt Transfer To Mortgage Loans Acquired For Sale
TransferToMortgageLoansAcquiredForSale
198848000
CY2012 pmt Loan Originations Fees
LoanOriginationsFees
10545000
CY2012 pmt Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
SalesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
19
CY2012 pmt Mortgage Servicing Rights Fair Value Option Threshold Loan Interest Rate
MortgageServicingRightsFairValueOptionThresholdLoanInterestRate
0.045 pure
CY2012 pmt Real Estate Acquired In Settlement Of Loan Under Forward Purchase Agreement Remeasured At Fair Value During Period
RealEstateAcquiredInSettlementOfLoanUnderForwardPurchaseAgreementRemeasuredAtFairValueDuringPeriod
CY2012 pmt Purchases Of Other Real Estate Under Forward Purchase Agreements
PurchasesOfOtherRealEstateUnderForwardPurchaseAgreements
249000
CY2012 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Capitalization Of Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisCapitalizationOfInterest
19745000
CY2012 pmt Proceeds From Sale Of Mortgage Loans Held For Sale With Continuing Involvement
ProceedsFromSaleOfMortgageLoansHeldForSaleWithContinuingInvolvement
12834002000
CY2012 pmt Increase Decrease In Servicing Advances
IncreaseDecreaseInServicingAdvances
13321000
CY2012 pmt Repurchase Agreements Weighted Average Maturity Period
RepurchaseAgreementsWeightedAverageMaturityPeriod
P2Y3M18D
CY2012 pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
212555
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
7645000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2011Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
CY2011Q1 pmt Net Investments Income
NetInvestmentsIncome
17283000
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
16617000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2011Q2 pmt Net Investments Income
NetInvestmentsIncome
30223000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
19058000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.55
CY2012Q1 pmt Net Investments Income
NetInvestmentsIncome
46649000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
29569000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.55
CY2012Q2 pmt Net Investments Income
NetInvestmentsIncome
64406000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
20528000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2011Q3 pmt Net Investments Income
NetInvestmentsIncome
41985000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
40384000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.55
CY2012Q3 pmt Net Investments Income
NetInvestmentsIncome
99196000
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
19649000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2011Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2011Q4 pmt Net Investments Income
NetInvestmentsIncome
39123000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
49238000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
CY2012Q4 pmt Net Investments Income
NetInvestmentsIncome
124917000

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