2013 Q4 Form 10-Q Financial Statement

#000119312513437686 Filed on November 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $96.09M $86.06M $90.91M
YoY Change -16.4% -5.34% 824.02%
Cost Of Revenue $52.50M $57.10M $33.80M
YoY Change 1.55% 68.93% 228.16%
Gross Profit $63.90M $48.50M $65.40M
YoY Change -12.7% -25.84% 106.31%
Gross Profit Margin 66.5% 56.35% 71.94%
Selling, General & Admin $4.600M $4.400M $3.700M
YoY Change -4.17% 18.92% -32.73%
% of Gross Profit 7.2% 9.07% 5.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $9.200M $50.00M $31.95M
YoY Change 16.46% 56.52% 86.74%
Operating Profit $54.70M -$1.500M $33.46M
YoY Change -16.23% -104.48% 129.25%
Interest Expense $19.50M $8.282M
YoY Change 135.41% 58.51%
% of Operating Profit 24.76%
Other Income/Expense, Net $7.955M $2.725M
YoY Change 191.93% 113.89%
Pretax Income $54.70M $36.06M $58.97M
YoY Change -16.23% -38.85% 137.03%
Income Tax $2.000M -$3.639M $18.59M
% Of Pretax Income 3.66% -10.09% 31.52%
Net Earnings $52.70M $39.70M $40.38M
YoY Change 7.02% -1.69% 96.73%
Net Earnings / Revenue 54.84% 46.13% 44.42%
Basic Earnings Per Share $0.74 $0.61 $0.81
Diluted Earnings Per Share $0.69 $0.57 $0.81
COMMON SHARES
Basic Shares Outstanding 70.45M shares 64.41M shares 49.08M shares
Diluted Shares Outstanding 73.12M shares 49.46M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.00M $100.0M $68.00M
YoY Change -20.59% 47.06% 466.67%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $6.000M $3.000M
Other Receivables $77.00M $32.00M
Total Short-Term Assets $93.00M $183.0M $103.0M
YoY Change -9.71% 77.67% 171.05%
LONG-TERM ASSETS
Property, Plant & Equipment $9.000M $4.000M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $1.077B $2.041B
YoY Change -100.0% -47.23% 98.73%
Other Assets
YoY Change
Total Long-Term Assets $4.210B $4.066B $2.226B
YoY Change 71.39% 82.69% 99.17%
TOTAL ASSETS
Total Short-Term Assets $93.00M $183.0M $103.0M
Total Long-Term Assets $4.210B $4.066B $2.226B
Total Assets $4.303B $4.249B $2.329B
YoY Change 68.13% 82.47% 101.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.00M $20.00M $10.00M
YoY Change 58.33% 100.0% -23.08%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.724B $1.686B $1.041B
YoY Change 37.26% 61.96% 137.13%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.803B $1.761B $1.080B
YoY Change 34.55% 63.06% 141.07%
LONG-TERM LIABILITIES
Long-Term Debt $958.0M $944.0M $0.00
YoY Change
Other Long-Term Liabilities $12.00M $15.00M $39.00M
YoY Change 140.0% -61.54% -76.22%
Total Long-Term Liabilities $970.0M $959.0M $39.00M
YoY Change 19300.0% 2358.97% -76.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.803B $1.761B $1.080B
Total Long-Term Liabilities $970.0M $959.0M $39.00M
Total Liabilities $2.844B $2.754B $1.145B
YoY Change 109.36% 140.67% 83.17%
SHAREHOLDERS EQUITY
Retained Earnings $81.94M $111.0M $55.23M
YoY Change 15.59% 100.95%
Common Stock $1.385B $1.384B $1.129B
YoY Change 22.53% 22.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.467B $1.495B $1.184B
YoY Change
Total Liabilities & Shareholders Equity $4.311B $4.249B $2.329B
YoY Change 68.42% 82.47% 101.54%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $52.70M $39.70M $40.38M
YoY Change 7.02% -1.69% 96.73%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $189.4M $8.400M -$394.6M
YoY Change -219.72% -102.13% 906.63%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$269.5M -$709.4M $80.90M
YoY Change 373.64% -976.89% -1289.71%
Cash From Investing Activities -$269.5M -$709.4M $80.90M
YoY Change 373.64% -976.89% -1289.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $249.4M $357.2M
YoY Change -30.18%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.500M 773.5M 353.6M
YoY Change -95.86% 118.75% 537.12%
NET CHANGE
Cash From Operating Activities 189.4M 8.400M -394.6M
Cash From Investing Activities -269.5M -709.4M 80.90M
Cash From Financing Activities 7.500M 773.5M 353.6M
Net Change In Cash -72.60M 72.50M 39.90M
YoY Change 113.53% 81.7% 320.0%
FREE CASH FLOW
Cash From Operating Activities $189.4M $8.400M -$394.6M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2013Q3 pmt Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
2983050000
CY2013Q3 pmt Principal And Interest Collections Receivable Under Forward Purchase Agreement
PrincipalAndInterestCollectionsReceivableUnderForwardPurchaseAgreement
9817000
CY2013Q3 pmt Derivative Liability Netting Adjustment
DerivativeLiabilityNettingAdjustment
43242000
CY2013Q3 pmt Mortgage Loans Fair Value Disclosure
MortgageLoansFairValueDisclosure
1848656000
CY2013Q3 pmt Percentage Of Mortgage Loan Forward Purchase Agreement Originated
PercentageOfMortgageLoanForwardPurchaseAgreementOriginated
0.24 pure
CY2013Q3 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements Remeasured During Period
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreementsRemeasuredDuringPeriod
2435000
CY2013Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchase
670311000
CY2013Q3 pmt Mortgage Servicing Rights Amortization Expense Year Five
MortgageServicingRightsAmortizationExpenseYearFive
21480000
CY2013Q3 pmt Share Based Compensation Arrangement By Share Based Payment Award Equity Instrument Other Than Option Vested And Expected To Vest Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentOtherThanOptionVestedAndExpectedToVestNumber
603188 shares
CY2013Q3 pmt Percentage Of Fair Value Mortgage Loan Portfolio
PercentageOfFairValueMortgageLoanPortfolio
0.61 pure
CY2013Q3 pmt States Contributing Five Percentage Of Mortgage Loans
StatesContributingFivePercentageOfMortgageLoans
New York Florida New Jersey
CY2013Q3 pmt Principal And Interest Collections Receivable
PrincipalAndInterestCollectionsReceivable
22918000
CY2013Q3 pmt Percentage Of Mortgage Loan Portfolio
PercentageOfMortgageLoanPortfolio
0.71 pure
CY2013Q3 pmt Mortgage Servicing Rights Amortization Expense Year Two
MortgageServicingRightsAmortizationExpenseYearTwo
26477000
CY2013Q3 pmt Contingent Underwriting Fees Payable
ContingentUnderwritingFeesPayable
2131000
CY2013Q3 pmt Mortgage Servicing Rights At Lower Of Amortized Cost Or Fair Value
MortgageServicingRightsAtLowerOfAmortizedCostOrFairValue
176813000
CY2013Q3 pmt Servicing Advances
ServicingAdvances
43741000
CY2013Q3 pmt Real Estate Acquired In Settlement Of Loan Under Forward Purchase Agreement
RealEstateAcquiredInSettlementOfLoanUnderForwardPurchaseAgreement
3509000
CY2013Q3 pmt Mortgage Loans At Fair Value Sold Under Agreements To Repurchase
MortgageLoansAtFairValueSoldUnderAgreementsToRepurchase
797715000
CY2013Q3 pmt Derivative Liability Fair Value Gross Liability
DerivativeLiabilityFairValueGrossLiability
49140000
CY2013Q3 pmt Common Stock Value Reserved For Future Issuance
CommonStockValueReservedForFutureIssuance
197500000
CY2013Q3 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreements
3509000
CY2013Q3 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
229841000
CY2013Q3 pmt Percentage Of Estimated Fair Value Of Mortgage Loans Originated
PercentageOfEstimatedFairValueOfMortgageLoansOriginated
0.05 pure
CY2013Q3 pmt Deferred Income Tax Expense Benefit Deferred Tax Asset Valuation
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CY2013Q3 pmt Derivative And Financial Liabilities Cash Collateral Offset Amount
DerivativeAndFinancialLiabilitiesCashCollateralOffsetAmount
CY2013Q3 pmt Mortgage Servicing Rights Amortization Expense Year Three
MortgageServicingRightsAmortizationExpenseYearThree
24675000
CY2013Q3 pmt Ratio Of Loans With Unpaid Principal Balance To Current Property Value
RatioOfLoansWithUnpaidPrincipalBalanceToCurrentPropertyValue
1.00 pure
CY2013Q3 pmt Deferred Income Taxes And Taxes Payable
DeferredIncomeTaxesAndTaxesPayable
62546000
CY2013Q3 pmt Mortgage Loans Under Forward Purchase Agreement At Fair Value
MortgageLoansUnderForwardPurchaseAgreementAtFairValue
228086000
CY2013Q3 pmt Derivative Asset Fair Value Gross Asset
DerivativeAssetFairValueGrossAsset
37600000
CY2013Q3 pmt Mortgage Loans Acquired For Sale At Fair Value Sold Under Agreements To Repurchase
MortgageLoansAcquiredForSaleAtFairValueSoldUnderAgreementsToRepurchase
670311000
CY2013Q3 pmt Loans Held For Sale Principal Balance
LoansHeldForSalePrincipalBalance
706117000
CY2013Q3 pmt Other Mortgage Loans Outstanding Contractual Loan Commitments
OtherMortgageLoansOutstandingContractualLoanCommitments
316764000
CY2013Q3 pmt Mortgage Servicing Rights Amortization Expense Year Four
MortgageServicingRightsAmortizationExpenseYearFour
23164000
CY2013Q3 pmt Number Of Common Shares Held By Affiliate
NumberOfCommonSharesHeldByAffiliate
75000 shares
CY2013Q3 pmt Mortgage Servicing Rights Amortization Expense After Year Five
MortgageServicingRightsAmortizationExpenseAfterYearFive
139289000
CY2013Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements Deposit
MortgageLoansAcquiredForSaleSoldUnderAgreementsDeposit
3000000
CY2013Q3 pmt Mortgage Loans Under Forward Purchase Agreements Unpaid Principal Balance
MortgageLoansUnderForwardPurchaseAgreementsUnpaidPrincipalBalance
358171000
CY2013Q3 pmt Mortgage Loans Held For Sale To Affiliate
MortgageLoansHeldForSaleToAffiliate
273007000
CY2013Q3 pmt Servicing Fees Payable
ServicingFeesPayable
5152000
CY2013Q3 pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Mortgage Loans Subject To Representations And Warranties
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfMortgageLoansSubjectToRepresentationsAndWarranties
23531815000
CY2013Q3 pmt Derivative Assets Including Assets Not Subject To Master Netting Arrangement Gross
DerivativeAssetsIncludingAssetsNotSubjectToMasterNettingArrangementGross
19185000
CY2013Q3 pmt Derivative Asset Gross Amounts Offset Under Master Netting Arrangement
DerivativeAssetGrossAmountsOffsetUnderMasterNettingArrangement
19185000
CY2013Q3 pmt Derivative Liability Gross Amounts Offset Under Master Netting Arrangement
DerivativeLiabilityGrossAmountsOffsetUnderMasterNettingArrangement
43242000
CY2013Q3 pmt States Contributing Five Percentage Of Mortgage Loans Under Forward Purchase Agreements
StatesContributingFivePercentageOfMortgageLoansUnderForwardPurchaseAgreements
New Jersey, Washington, New York, Maryland
CY2013Q3 pmt Amortized Cost Unpaid Principal Of Underlying Loans Balance
AmortizedCostUnpaidPrincipalOfUnderlyingLoansBalance
22681068000
CY2013Q3 pmt Fair Value Unpaid Principal Of Underlying Loans Balance
FairValueUnpaidPrincipalOfUnderlyingLoansBalance
717877
CY2013Q3 pmt Excess Spread Investment
ExcessSpreadInvestment
2857000
CY2013Q3 pmt Mortgage Loans At Fair Value Held By Variable Interest Entity
MortgageLoansAtFairValueHeldByVariableInterestEntity
536776000
CY2013Q3 pmt Debt Instrument Unissued
DebtInstrumentUnissued
366800000
CY2013Q3 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
170008000
CY2013Q3 pmt Excess Spread Investment Fair Value
ExcessSpreadInvestmentFairValue
2857000
CY2013Q3 pmt Other Expenses Payable To Affiliate
OtherExpensesPayableToAffiliate
4208000
CY2013Q3 pmt Agency Debt Securities Fair Value Option
AgencyDebtSecuritiesFairValueOption
12578000
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
12.57
CY2013Q3 pmt Mortgage Loan At Fair Value Held By Variable Interest Entity
MortgageLoanAtFairValueHeldByVariableInterestEntity
293772000
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
491809 shares
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
546017000
CY2011Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
5282000
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
904910000
CY2011Q4 us-gaap Cash
Cash
14589000
CY2011Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
749000
CY2011Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
80570000
CY2011Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
205000
CY2011Q4 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreements
22979000
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
58904456 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
70453326 shares
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 Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
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 Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
51956000
CY2012Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
36316000
CY2012Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
967000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1201336000
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1129858000
CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
48285000
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
1257069000
CY2012Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
12216000
CY2012Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
967000
CY2012Q4 us-gaap Management Fee Payable
ManagementFeePayable
4499000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
70889000
CY2012Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
1257069000
CY2012Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
7547000
CY2012Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1262363000
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
589000
CY2012Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
51956000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2559663000
CY2012Q4 us-gaap Liabilities
Liabilities
1358327000
CY2012Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
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CY2012Q4 us-gaap Commitments And Contingencies
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CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
6261000
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
-5294000
CY2012Q4 us-gaap Cash Collateral For Borrowed Securities
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CY2012Q4 us-gaap Pledged Assets Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
956583000
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
26531000
CY2012Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
2469000
CY2012Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
5374000
CY2012Q4 us-gaap Derivative Assets
DerivativeAssets
23706000
CY2012Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
947522000
CY2012Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
-890665000
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10266000
CY2012Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
975184000
CY2012Q4 us-gaap Assets
Assets
2559663000
CY2012Q4 us-gaap Short Term Investments
ShortTermInvestments
39017000
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-41690000
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 Pledged Assets Separately Reported Mortgage Related Securities Available For Sale Or Held For Investment
PledgedAssetsSeparatelyReportedMortgageRelatedSecuritiesAvailableForSaleOrHeldForInvestment
972079000
CY2012Q4 us-gaap Other Assets
OtherAssets
13922000
CY2012Q4 us-gaap Due From Affiliates
DueFromAffiliates
4829000
CY2012Q4 us-gaap Servicing Asset
ServicingAsset
125430000
CY2012Q4 us-gaap Pledged Assets Separately Reported Real Estate Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue
23834000
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 Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
23706000
CY2012Q4 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
142371000
CY2012Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1346000
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1867000
CY2012Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
88078000
CY2012Q4 pmt Real Estate Acquired Through Foreclosure Remeasured During Period
RealEstateAcquiredThroughForeclosureRemeasuredDuringPeriod
56156000
CY2012Q4 pmt Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
RealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
7391000
CY2012Q4 pmt Deferred Tax Assets Real Estate Valuation Loss
DeferredTaxAssetsRealEstateValuationLoss
8399000
CY2012Q4 pmt Amounts Due From Affiliates
AmountsDueFromAffiliates
4800000
CY2012Q4 pmt Loans Held In Subsidiary Whose Stock Is Pledged To Secure Borrowings
LoansHeldInSubsidiaryWhoseStockIsPledgedToSecureBorrowings
1538000
CY2012Q4 pmt Percentage Of Estimated Fair Value Of Mortgage Loans Under Forward Purchase With Loan To Value Over One Hundred Percent
PercentageOfEstimatedFairValueOfMortgageLoansUnderForwardPurchaseWithLoanToValueOverOneHundredPercent
pure
CY2012Q4 pmt Derivative And Financial Liabilities Offset Amount
DerivativeAndFinancialLiabilitiesOffsetAmount
1256102000
CY2012Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
4441000
CY2012Q4 pmt Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
2165155000
CY2012Q4 pmt Percentage Of Mortgage Loan Under Forward Purchase
PercentageOfMortgageLoanUnderForwardPurchase
pure
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 Percentage Of Mortgage Loan Forward Purchase Agreement Originated
PercentageOfMortgageLoanForwardPurchaseAgreementOriginated
pure
CY2012Q4 pmt Percentage Of Fair Value Mortgage Loan Portfolio
PercentageOfFairValueMortgageLoanPortfolio
0.68 pure
CY2012Q4 pmt States Contributing Five Percentage Of Mortgage Loans
StatesContributingFivePercentageOfMortgageLoans
New York Florida New Jersey
CY2012Q4 pmt Principal And Interest Collections Receivable
PrincipalAndInterestCollectionsReceivable
29204000
CY2012Q4 pmt Percentage Of Mortgage Loan Portfolio
PercentageOfMortgageLoanPortfolio
0.77 pure
CY2012Q4 pmt Contingent Underwriting Fees Payable
ContingentUnderwritingFeesPayable
2941000
CY2012Q4 pmt Mortgage Servicing Rights At Lower Of Amortized Cost Or Fair Value
MortgageServicingRightsAtLowerOfAmortizedCostOrFairValue
86215000
CY2012Q4 pmt Servicing Advances
ServicingAdvances
32191000
CY2012Q4 pmt Mortgage Loans At Fair Value Sold Under Agreements To Repurchase
MortgageLoansAtFairValueSoldUnderAgreementsToRepurchase
353805000
CY2012Q4 pmt Percentage Of Estimated Fair Value Of Mortgage Loans Originated
PercentageOfEstimatedFairValueOfMortgageLoansOriginated
0.05 pure
CY2012Q4 pmt Derivative And Financial Liabilities Cash Collateral Offset Amount
DerivativeAndFinancialLiabilitiesCashCollateralOffsetAmount
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0001464423
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
6181 shares
CY2012Q4 pmt Ratio Of Loans With Unpaid Principal Balance To Current Property Value
RatioOfLoansWithUnpaidPrincipalBalanceToCurrentPropertyValue
1.00 pure
CY2012Q4 pmt Deferred Income Taxes And Taxes Payable
DeferredIncomeTaxesAndTaxesPayable
41690000
CY2012Q4 pmt Mortgage Loans Under Forward Purchase Agreement At Fair Value
MortgageLoansUnderForwardPurchaseAgreementAtFairValue
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 Number Of Common Shares Held By Affiliate
NumberOfCommonSharesHeldByAffiliate
75000 shares
CY2012Q4 pmt Mortgage Loans Acquired For Sale Sold Under Agreements Deposit
MortgageLoansAcquiredForSaleSoldUnderAgreementsDeposit
4100000
CY2012Q4 pmt Mortgage Loans Under Forward Purchase Agreements Unpaid Principal Balance
MortgageLoansUnderForwardPurchaseAgreementsUnpaidPrincipalBalance
CY2012Q4 pmt Servicing Fees Payable
ServicingFeesPayable
3670000
CY2012Q4 pmt Derivative Assets Including Assets Not Subject To Master Netting Arrangement Gross
DerivativeAssetsIncludingAssetsNotSubjectToMasterNettingArrangementGross
2825000
CY2012Q4 pmt Derivative Asset Gross Amounts Offset Under Master Netting Arrangement
DerivativeAssetGrossAmountsOffsetUnderMasterNettingArrangement
2825000
CY2012Q4 pmt Derivative Liability Gross Amounts Offset Under Master Netting Arrangement
DerivativeLiabilityGrossAmountsOffsetUnderMasterNettingArrangement
5294000
CY2012Q4 pmt Amortized Cost Unpaid Principal Of Underlying Loans Balance
AmortizedCostUnpaidPrincipalOfUnderlyingLoansBalance
11986957000
CY2012Q4 pmt Fair Value Unpaid Principal Of Underlying Loans Balance
FairValueUnpaidPrincipalOfUnderlyingLoansBalance
181783000
CY2012Q4 pmt Other Expenses Payable To Affiliate
OtherExpensesPayableToAffiliate
1106000
dei Trading Symbol
TradingSymbol
PMT
dei Entity Registrant Name
EntityRegistrantName
PennyMac Mortgage Investment Trust
dei Amendment Flag
AmendmentFlag
false
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
255445 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.29
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-11-29
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.71
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
66308000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65898000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
20.06
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.40
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
4726000 shares
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.078 pure
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
13.20
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000 pure
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
363000 shares
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-432165000
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.008 pure
us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-11-04
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Following is a summary of maturities of outstanding advances under repurchase agreements by maturity date:</p> <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"><!-- Begin Table Head --> <tr> <td width="84%"></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"> <td valign="bottom" nowrap="nowrap"> <p style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 146.95pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"> <b>Remaining maturity at September&#xA0;30, 2013</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>(in&#xA0;thousands)</b></td> <td valign="bottom">&#xA0;</td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt"> Within 30 days</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">56,482</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> <td valign="top"> <p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt"> Over 30 to 90&#xA0;days</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">591,307</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt"> Over 90&#xA0;days to 180 days</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">22,522</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> <td valign="top"> <p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt"> Over 180 days to 1 year</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">&#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF"> <td valign="top"></td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">670,311</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</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 style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> <td valign="top"> <p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt"> Weighted average maturity (in months)</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2.5</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> </table> </div>
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
23.91
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60809000 shares
us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
-273000
us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
22314000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
145838000
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
46905000
us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
1881000
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.013 pure
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.293 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
248753 shares
us-gaap Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
25996695000
us-gaap Revenues
Revenues
309431000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
34073000
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
345000
us-gaap Interest Income Operating
InterestIncomeOperating
78950000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
159906000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-6137000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2841000
us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
1802000
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
41919000
us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
28150000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7425000
us-gaap Investment Income Interest
InvestmentIncomeInterest
340000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
18999000
us-gaap Interest Income Other
InterestIncomeOther
196000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
4066000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-133302000
us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-31245000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
150951000
us-gaap Real Estate Owned Valuation Allowance Provision
RealEstateOwnedValuationAllowanceProvision
16079000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-1988000
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
34158000
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-4716000
us-gaap Interest Paid
InterestPaid
58290000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12321000
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
120729000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2993000
us-gaap Payment For Incentive Fee
PaymentForIncentiveFee
10
us-gaap Net Income Loss
NetIncomeLoss
147494000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
7435000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
25017000
us-gaap Servicing Fees Net
ServicingFeesNet
20562000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
84748000
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3457000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
202645000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
261595000
us-gaap Performance Fees
PerformanceFees
100
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
143200000
us-gaap Payments Of Dividends
PaymentsOfDividends
107405000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-12434000
us-gaap Interest Expense Other
InterestExpenseOther
1913000
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
12321000
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
261595000
us-gaap Other Expenses
OtherExpenses
18472000
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
us-gaap Dividends Common Stock
DividendsCommonStock
107405000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1257988000
us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
3563000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
20855000
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
5961000
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
63000
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
250000000
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
148186000
us-gaap Share Based Compensation
ShareBasedCompensation
4066000
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
8414000
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
8043000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1202000
us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
18433000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-759515000
us-gaap Interest Expense
InterestExpense
44877000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2079000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
55967000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
16456000
us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsRecoveries
-3495000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
537000000
us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
64881000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
1041475000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4399000
us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
13229726000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
18524000
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-209000
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
13229726000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-8443000
us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
1656000
us-gaap Professional Fees
ProfessionalFees
5872000
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
98103000
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
17200000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
5819000
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-64000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-7241000
us-gaap Operating Expenses
OperatingExpenses
149525000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1271000
us-gaap Management Fee Expense
ManagementFeeExpense
23486000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12412000
us-gaap Loan Portfolio Expense
LoanPortfolioExpense
27251000
CY2013Q3 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Reo Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToReoUnderForwardPurchaseAgreements
3515000
CY2013Q3 pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rates At Period End
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRatesAtPeriodEnd
0.0538 pure
CY2013Q3 pmt Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
665000
CY2013Q3 pmt Gains Losses Recognized Upon Sale Of Other Real Estate
GainsLossesRecognizedUponSaleOfOtherRealEstate
-2759000
pmt Fixed Rate Mortgage Loans Minimum
FixedRateMortgageLoansMinimum
0.03 pure
pmt Mortgage Loans At Fair Value Minimum Service Fee Rate Paid To Affiliate
MortgageLoansAtFairValueMinimumServiceFeeRatePaidToAffiliate
0.0050 pure
pmt Basis Point For Mortgage Loan
BasisPointForMortgageLoan
0.0050 pure
pmt Gain Loss Mortgage Backed Securities
GainLossMortgageBackedSecurities
493000
pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Amortization Of Debt Issuance Costs Excluded From Average Cost
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAmortizationOfDebtIssuanceCostsExcludedFromAverageCost
5000000
pmt Services Agreement Expiration Date
ServicesAgreementExpirationDate
2017-02-01
pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
1024404000
pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
4701000
pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
ProceedsFromSaleOfOtherRealEstateUnderForwardPurchaseAgreements
65000
pmt Maximum Equity Based Awards Issuable Percentage Of Issued And Outstanding Shares As Of Grant Date
MaximumEquityBasedAwardsIssuablePercentageOfIssuedAndOutstandingSharesAsOfGrantDate
0.08 pure
pmt Transfer Of Mortgage Loans And Advances To Real Estate
TransferOfMortgageLoansAndAdvancesToRealEstate
116957000
pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
DeferredIncomeTaxExpenseBenefitMortgageServicingRights
-56993000
pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0208 pure
pmt Note Payable Secured By Mortgage Loans At Fair Value Maximum Daily Amount Outstanding
NotePayableSecuredByMortgageLoansAtFairValueMaximumDailyAmountOutstanding
250000000
pmt Mortgage Loan Hedging Activities Gain Loss
MortgageLoanHedgingActivitiesGainLoss
160109000
pmt Gain Loss On Investments Net
GainLossOnInvestmentsNet
159900000
pmt Transfer To Mortgage Loans Acquired For Sale
TransferToMortgageLoansAcquiredForSale
53397000
pmt Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
-8033000
pmt Percentage Of Amortized Cost
PercentageOfAmortizedCost
0.26 pure
pmt Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Estimated Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsEstimatedForfeitureRate
0.15 pure
pmt Percentage Of Change In Net Income Loss
PercentageOfChangeInNetIncomeLoss
0.08 pure
pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
-22155000
pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-102057000
pmt Related Party Base Management Fee As Percentage Of Stock Holders Equity
RelatedPartyBaseManagementFeeAsPercentageOfStockHoldersEquity
0.015 pure
pmt Payment For Expenses Incurred In Transactions With Affiliates
PaymentForExpensesIncurredInTransactionsWithAffiliates
94606000
pmt Incentive Fees Payable
IncentiveFeesPayable
10
pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rate At Period End
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRateAtPeriodEnd
141026000
pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements And Advances To Real Estate Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsAndAdvancesToRealEstateUnderForwardPurchaseAgreements
3604000
pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
156229000
pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
-4725000
pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
InterestIncomeOnMortgageLoansSubjectToForwardPurchaseAgreements
1457000
pmt Gain Loss Mortgage Loans
GainLossMortgageLoans
158800000
pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Average Balance
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAverageBalance
955410000
pmt Fair Value Of Reo Purchased During Year
FairValueOfReoPurchasedDuringYear
3686000
pmt Fair Value Inputs Weighted Average Life During Period
FairValueInputsWeightedAverageLifeDuringPeriod
P6Y8M12D
pmt Deferred Income Tax Expense Benefit Of Operating Loss Carryforward
DeferredIncomeTaxExpenseBenefitOfOperatingLossCarryforward
34770000
pmt Sourcing Fee On Unpaid Principal Balance
SourcingFeeOnUnpaidPrincipalBalance
0.0003 pure
pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0212 pure
pmt Other Operating Income Net
OtherOperatingIncomeNet
30710000
pmt Related Party Transaction Sales To Related Party
RelatedPartyTransactionSalesToRelatedParty
12429698000
pmt Servicing Portfolio Percentage Of Aggregate Unpaid Principal Balance
ServicingPortfolioPercentageOfAggregateUnpaidPrincipalBalance
0.30 pure
pmt Fixed Rate Mortgage Loans Maximum
FixedRateMortgageLoansMaximum
0.045 pure
pmt Repayment Of Borrowings Under Forward Purchase Agreement
RepaymentOfBorrowingsUnderForwardPurchaseAgreement
18618000
pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
1028090000
pmt Repayments Of Mortgage Loans Under Forward Purchase Agreement At Fair Value
RepaymentsOfMortgageLoansUnderForwardPurchaseAgreementAtFairValue
8000000
pmt Mortgage Loans At Fair Value Maximum Service Fee Rate Paid To Affiliate
MortgageLoansAtFairValueMaximumServiceFeeRatePaidToAffiliate
0.0100 pure
pmt Absolute Return To Shareholders Hurdle
AbsoluteReturnToShareholdersHurdle
0.08 pure
pmt Interest Income Debt Securities
InterestIncomeDebtSecurities
162000
pmt Repurchases Of Loans Sold Under Agreements To Repurchase
RepurchasesOfLoansSoldUnderAgreementsToRepurchase
24415526000
pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
GainsLossesOnSalesOfOtherRealEstateUnderForwardPurchaseAgreements
-41000
pmt Percentage Of Performance Incentive Fee Paid In Common Shares
PercentageOfPerformanceIncentiveFeePaidInCommonShares
0.50 pure
pmt Transfers From Reo Under Forward Purchases Agreements
TransfersFromReoUnderForwardPurchasesAgreements
114000
pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
FairValueOfMortgageLoansPurchasedFromOrThroughOneOrMoreSubsidiaries
443183000
pmt Increase In Payables Under Repurchase Agreements
IncreaseInPayablesUnderRepurchaseAgreements
196032000
pmt Transfers To Reo
TransfersToReo
114000
pmt Service Agreement Maturity Renewal Term
ServiceAgreementMaturityRenewalTerm
18-month periods
pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
RealEstateAcquiredInSatisfactionOfDebtUnderForwardPurchaseAgreements
3729000
pmt Purchase Of Mortgage Loans Financed Through Forward Purchase Agreements
PurchaseOfMortgageLoansFinancedThroughForwardPurchaseAgreements
245389000
pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
GainsLossesRecognizedUponSaleOfOtherRealEstateUnderForwardPurchaseAgreement
-10000
pmt Mortgage Servicing Rights Fair Value Additions
MortgageServicingRightsFairValueAdditions
9924000
pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
17199000
pmt Purchases Of Real Estate Acquired In Satisfaction Of Debt
PurchasesOfRealEstateAcquiredInSatisfactionOfDebt
82000
pmt Sales Of Real Estate Acquired In Settlement Of Loans Under Forward Purchase Agreement
SalesOfRealEstateAcquiredInSettlementOfLoansUnderForwardPurchaseAgreement
65000
pmt Payments To Acquire Mortgage Backed Securities Mbs At Fair Value
PaymentsToAcquireMortgageBackedSecuritiesMbsAtFairValue
199558000
pmt Services Fee Annual Rate
ServicesFeeAnnualRate
0.25 pure
pmt Increase Decrease In Principal And Interest Collections Receivable
IncreaseDecreaseInPrincipalAndInterestCollectionsReceivable
-6286000
pmt Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
68625000
pmt Amount Of Incentive Distribution Rights Earned
AmountOfIncentiveDistributionRightsEarned
100
pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
-655000
pmt Other Operating Expenses Net
OtherOperatingExpensesNet
30163000
pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
2013000
pmt Repayments Of Mortgage Loans At Fair Value
RepaymentsOfMortgageLoansAtFairValue
193914000
pmt Write Down Of Mortgage Servicing Rights At Amortized Cost Due To Valuation Allowance
WriteDownOfMortgageServicingRightsAtAmortizedCostDueToValuationAllowance
pmt Fair Value Of Reo Purchased From Or Through One Or More Subsidiaries
FairValueOfReoPurchasedFromOrThroughOneOrMoreSubsidiaries
3686000
pmt Transfer Of Real Estate Of Loans Under Forward Purchase Agreements
TransferOfRealEstateOfLoansUnderForwardPurchaseAgreements
114000
pmt Repurchase Of Loans At Fair Value Sold Under Agreements To Repurchase
RepurchaseOfLoansAtFairValueSoldUnderAgreementsToRepurchase
665432000
pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
11211000
pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
RealEstateOwnedUnderForwardPurchaseAgreementValuationAllowanceProvision
31000
pmt Base Management Fee
BaseManagementFee
14043000
pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0064 pure
pmt Real Estate Acquired Settlement Of Loan Under Forward Purchase Agreement Gains Losses Recognized
RealEstateAcquiredSettlementOfLoanUnderForwardPurchaseAgreementGainsLossesRecognized
-29000
pmt Interest Expense Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
InterestExpenseMortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchase
20724000
pmt Gain On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainOnSaleOfMortgageLoansAcquiredForSaleCashPortion
-207912000
pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans At Fair Value
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoansAtFairValue
13018000
pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0045 pure
pmt Net Operating Loss Carry Forwards Expiration Date
NetOperatingLossCarryForwardsExpirationDate
2033
pmt Aggregate Cash Gain On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
-47803000
pmt Real Estate Owned Held For Sale Acquired In Business Combination
RealEstateOwnedHeldForSaleAcquiredInBusinessCombination
50796000
pmt Fair Value Inputs Pricing Spread During Period
FairValueInputsPricingSpreadDuringPeriod
0.068 pure
pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
8191000
pmt Aggregate Expenses Incurred In Transactions With Affiliates
AggregateExpensesIncurredInTransactionsWithAffiliates
12126000
pmt Net Gain Loss On Mortgage Loans Acquired For Sale
NetGainLossOnMortgageLoansAcquiredForSale
84748000
pmt Sales Of Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
SalesOfRealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
12271000
pmt Performance Incentive Fee Description
PerformanceIncentiveFeeDescription
The performance incentive fee is calculated quarterly and is equal to: (a) 10% of the amount by which net income for the quarter exceeds (i) an 8% return on equity plus the high watermark, up to (ii) a 12% return on equity; plus (b) 15% of the amount by which net income for the quarter exceeds (i) a 12% return on equity plus the high watermark, up to (ii) a 16% return on equity; plus (c) 20% of the amount by which net income for the quarter exceeds a 16% return on equity plus the high watermark.
pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
12247940
pmt Borrowings Under Forward Purchase Agreements Value Interest Expense
BorrowingsUnderForwardPurchaseAgreementsValueInterestExpense
2013000
pmt Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
pmt Repurchase Agreements Weighted Average Maturity Period
RepurchaseAgreementsWeightedAverageMaturityPeriod
P2Y6M
pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
196032000
pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
115562000
pmt Accrual Of Costs Related To Forward Purchase Agreement
AccrualOfCostsRelatedToForwardPurchaseAgreement
3420000
pmt Purchases Of Real Estate Acquired In Settlement Of Loans
PurchasesOfRealEstateAcquiredInSettlementOfLoans
82000
pmt Initial Interest Rates
InitialInterestRates
More than 4.5%
pmt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndExpectedToVestWeightedAverageRemainingContractualTerm
P30M
pmt Note Payable Secured By Mortgage Loans At Fair Value Interest Expense
NotePayableSecuredByMortgageLoansAtFairValueInterestExpense
5961000
pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Reo Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToReoUnderForwardPurchaseAgreements
3604000
pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rates At Period End
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRatesAtPeriodEnd
0.0538 pure
pmt Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
2023000
pmt Mortgage Servicing Rights Fair Value Option Threshold Loan Interest Rate
MortgageServicingRightsFairValueOptionThresholdLoanInterestRate
0.045 pure
pmt Repurchases Of Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
RepurchasesOfRealEstateAcquiredInSettlementOfLoansFinancedUnderAgreementsToRepurchase
22575000
pmt Mortgage Loans Description
MortgageLoansDescription
Note rate pools of 50 basis point ranges for fixed-rate mortgage loans
pmt Gains Losses Recognized Upon Sale Of Other Real Estate
GainsLossesRecognizedUponSaleOfOtherRealEstate
-8644000
pmt Payment To Acquire Mortgage Loan At Fair Value
PaymentToAcquireMortgageLoanAtFairValue
779015000
pmt Performance Fees Allocation Percentage To Partnership
PerformanceFeesAllocationPercentageToPartnership
0.20 pure
pmt Purchase Of Real Estate Financed Through Forward Purchase Agreements
PurchaseOfRealEstateFinancedThroughForwardPurchaseAgreements
3604000
pmt Loan Originations Fees
LoanOriginationsFees
14784000
pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Servicing Asset Proceeds From Sale Of Mortgage Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisServicingAssetProceedsFromSaleOfMortgageLoans
8043000
pmt Percentage Of Taxable Income For Distribution
PercentageOfTaxableIncomeForDistribution
0.90 pure
pmt Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
1881000
pmt Fulfillment Fees Interest Rate Effective Percentage Rate
FulfillmentFeesInterestRateEffectivePercentageRate
0.0050 pure
pmt Mortgage Servicing Rights Rebate From Affiliate
MortgageServicingRightsRebateFromAffiliate
586000
pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
13071000
pmt Fair Value Inputs Annual Prepayment Speed During Period
FairValueInputsAnnualPrepaymentSpeedDuringPeriod
0.091 pure
pmt Net Gain Loss On Mortgage Loans Under Forward Purchase Agreement
NetGainLossOnMortgageLoansUnderForwardPurchaseAgreement
7688000
pmt Increase In Principal And Interest Collections Receivable Under Forward Purchase Agreement
IncreaseInPrincipalAndInterestCollectionsReceivableUnderForwardPurchaseAgreement
9817000
pmt Debt Instrument Amount Repurchased
DebtInstrumentAmountRepurchased
6895000
pmt Servicing Fees Contractually Specified
ServicingFeesContractuallySpecified
37175000
pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
116957000
pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
FairValuePurchasedOfMortgageLoansInvestmentPortfolioPurchasesFromOrThroughOneOrMoreSubsidiaries
446869000
pmt Sales Of Loans Under Agreements To Repurchase
SalesOfLoansUnderAgreementsToRepurchase
24190931000
pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
71195000
pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Capitalization Of Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisCapitalizationOfInterest
25017000
pmt Related Party Incentive Fee Expense
RelatedPartyIncentiveFeeExpense
9443000
pmt Interest Income On Mortgage Financings
InterestIncomeOnMortgageFinancings
48300000
pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Repurchased Mortgage Loans Repurchased By Correspondent Lenders
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfRepurchasedMortgageLoansRepurchasedByCorrespondentLenders
1891000
pmt Amortization Of Convertible Debt Issuance Costs
AmortizationOfConvertibleDebtIssuanceCosts
362000
pmt Nonrecurring Gain Loss Msr Carried At Lower Of Amortized Cost Or Fair Value
NonrecurringGainLossMsrCarriedAtLowerOfAmortizedCostOrFairValue
3495000
pmt Amortized Cost Weighted Average Coupon Interest Rate
AmortizedCostWeightedAverageCouponInterestRate
0.0366 pure
pmt Fair Value Weighted Average Coupon Interest Rate
FairValueWeightedAverageCouponInterestRate
0.0467 pure
pmt Mortgage Loan On Real Estate Rolling Maturity Determination Days
MortgageLoanOnRealEstateRollingMaturityDeterminationDays
P364D
pmt Amortization Of Credit Facility Commitment Fees And Debt Issuance Costs
AmortizationOfCreditFacilityCommitmentFeesAndDebtIssuanceCosts
6280000
pmt Proceeds From Sale Of Mortgage Loans Held For Sale To Affiliates
ProceedsFromSaleOfMortgageLoansHeldForSaleToAffiliates
12429698000
pmt Reversal Of Provision For Impairment Of Msrs Carried At Lower Cost Of Amortized Cost Or Fair Value
ReversalOfProvisionForImpairmentOfMsrsCarriedAtLowerCostOfAmortizedCostOrFairValue
3495000
pmt Change In Fair Value Of Msrs Carried At Fair Value
ChangeInFairValueOfMsrsCarriedAtFairValue
-273000
pmt Transfer Mortgage Loans Financed To Reo Financed
TransferMortgageLoansFinancedToReoFinanced
25141000
pmt Interest And Other Income Net Related To Servicing Rights
InterestAndOtherIncomeNetRelatedToServicingRights
pmt Proceeds From Asset Backed Secured Financing
ProceedsFromAssetBackedSecuredFinancing
170008000
pmt Asset Backed Secured Financing Interest Expense
AssetBackedSecuredFinancingInterestExpense
pmt Interest Income On Mortgage Loans At Fair Value Held By Variable Interest Entity
InterestIncomeOnMortgageLoansAtFairValueHeldByVariableInterestEntity
pmt Repayment Of Mortgage Loans Subject To Forward Purchase Agreements
RepaymentOfMortgageLoansSubjectToForwardPurchaseAgreements
8000000
pmt Proceeds From Sales Of Reo Subject To Forward Purchase Agreements
ProceedsFromSalesOfReoSubjectToForwardPurchaseAgreements
65000
pmt Loans Fulfilled By Affiliate Unpaid Principal Balance
LoansFulfilledByAffiliateUnpaidPrincipalBalance
12792482000
pmt Reimbursement Of Expenses To Affiliate
ReimbursementOfExpensesToAffiliate
3767000
pmt Reimbursement Of Common Overhead Incurred By Affiliate
ReimbursementOfCommonOverheadIncurredByAffiliate
8359000
pmt Gain Loss On Agency Debt Security
GainLossOnAgencyDebtSecurity
578000
pmt Gain Loss On Excess Servicing Spread
GainLossOnExcessServicingSpread
29000
pmt Payments To Purchase Agency Debt Securities
PaymentsToPurchaseAgencyDebtSecurities
12000000
pmt Payments To Purchase Excess Servicing Spread
PaymentsToPurchaseExcessServicingSpread
2828000
pmt Sales Of Loans Under Agreements To Repurchase Held By Variable Interest Entity
SalesOfLoansUnderAgreementsToRepurchaseHeldByVariableInterestEntity
1428255000
pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
119362000
pmt Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
-7477000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
14441 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
350000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.29
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.65
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
53224000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38712000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
16.91
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.29
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.268 pure
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
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000 pure
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-662179000
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000 pure
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
314000 shares
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
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38398000 shares
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.045 pure
us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
-619000
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.127 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
161726 shares
us-gaap Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
11967678000
us-gaap Revenues
Revenues
188592000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
30498000
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
2087000
us-gaap Interest Income Operating
InterestIncomeOperating
52157000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
52212000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
121519000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9345000
us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
18776000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
88064000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2044000
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
15460000
us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
23000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
56000
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
8003000
us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
12092000
us-gaap Investment Income Interest
InvestmentIncomeInterest
32000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
10356000
us-gaap Interest Income Other
InterestIncomeOther
95000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3576000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-65061000
us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-19193000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
89011000
us-gaap Real Estate Owned Valuation Allowance Provision
RealEstateOwnedValuationAllowanceProvision
8824000
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
6342000
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
1657000
us-gaap Interest Paid
InterestPaid
21952000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1340000
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
72226000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
833000
us-gaap Net Income Loss
NetIncomeLoss
89011000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-5706000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
16558000
us-gaap Servicing Fees Net
ServicingFeesNet
-1169000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
81210000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
164297000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
608184000
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
-62500000
us-gaap Payments Of Dividends
PaymentsOfDividends
61245000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
16257000
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1340000
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
608184000
us-gaap Other Expenses
OtherExpenses
6486000
us-gaap Transfer Mortgage Payable
TransferMortgagePayable
26573000
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
us-gaap Dividends Common Stock
DividendsCommonStock
61245000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
769874000
us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
1448000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
23069000
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
7456000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
5042000
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
488000
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
65198000
us-gaap Share Based Compensation
ShareBasedCompensation
3576000
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-2354000
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
1451000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2434000
us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
2339000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-54471000
us-gaap Interest Expense
InterestExpense
21659000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5448000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
42532000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
17122000
us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsRecoveries
4505000
us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
6294000
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
104000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
412464000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
5947000
us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
6254411000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
23163000
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-76000
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
6254411000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9439000
us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
947000
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
23218000
us-gaap Professional Fees
ProfessionalFees
3321000
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
104367000
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-543000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
7005000
us-gaap Operating Expenses
OperatingExpenses
67073000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-12000
us-gaap Management Fee Expense
ManagementFeeExpense
7964000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32508000
us-gaap Loan Portfolio Expense
LoanPortfolioExpense
13163000
pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
412438000
pmt Purchases Of Other Real Estate Under Forward Purchase Agreements
PurchasesOfOtherRealEstateUnderForwardPurchaseAgreements
248000
pmt Gain Loss Mortgage Backed Securities
GainLossMortgageBackedSecurities
612000
pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Amortization Of Debt Issuance Costs Excluded From Average Cost
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAmortizationOfDebtIssuanceCostsExcludedFromAverageCost
2100000
pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
2173000
pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
ProceedsFromSaleOfOtherRealEstateUnderForwardPurchaseAgreements
9911000
pmt Transfer Of Mortgage Loans And Advances To Real Estate
TransferOfMortgageLoansAndAdvancesToRealEstate
82404000
pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
DeferredIncomeTaxExpenseBenefitMortgageServicingRights
-24851000
pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0261 pure
pmt Mortgage Loan Hedging Activities Gain Loss
MortgageLoanHedgingActivitiesGainLoss
-28720000
pmt Gain Loss On Investments Net
GainLossOnInvestmentsNet
65541000
pmt Transfer To Mortgage Loans Acquired For Sale
TransferToMortgageLoansAcquiredForSale
97924000
pmt Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
34263000
pmt Percentage Of Amortized Cost
PercentageOfAmortizedCost
0.25 pure
pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
-33942000
pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-45868000
pmt Payment For Expenses Incurred In Transactions With Affiliates
PaymentForExpensesIncurredInTransactionsWithAffiliates
28896000
pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements And Advances To Real Estate Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsAndAdvancesToRealEstateUnderForwardPurchaseAgreements
6633000
pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
66648000
pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
-11381000
pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
InterestIncomeOnMortgageLoansSubjectToForwardPurchaseAgreements
996000
pmt Proceeds From Sale Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleOfMortgageBackedSecuritiesMbsAtFairValue
165949000
pmt Gain Loss Mortgage Loans
GainLossMortgageLoans
64929000
pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Average Balance
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAverageBalance
294857000
pmt Fair Value Of Reo Purchased During Year
FairValueOfReoPurchasedDuringYear
296000
pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0229 pure
pmt Other Operating Income Net
OtherOperatingIncomeNet
11343000
pmt Related Party Transaction Sales To Related Party
RelatedPartyTransactionSalesToRelatedParty
5108340000
pmt Repayment Of Borrowings Under Forward Purchase Agreement
RepaymentOfBorrowingsUnderForwardPurchaseAgreement
157166000
pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
412734000
pmt Repayments Of Mortgage Loans Under Forward Purchase Agreement At Fair Value
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pmt Mortgage Servicing Rights Fair Value Sales
MortgageServicingRightsFairValueSales
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pmt Repurchases Of Loans Sold Under Agreements To Repurchase
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pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
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1870000
pmt Transfers From Reo Under Forward Purchases Agreements
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21819000
pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
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pmt Increase In Payables Under Repurchase Agreements
IncreaseInPayablesUnderRepurchaseAgreements
752343000
pmt Transfers To Reo
TransfersToReo
21819000
pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
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6633000
pmt Purchase Of Mortgage Loans Financed Through Forward Purchase Agreements
PurchaseOfMortgageLoansFinancedThroughForwardPurchaseAgreements
1070000
pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
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2319000
pmt Mortgage Servicing Rights Fair Value Additions
MortgageServicingRightsFairValueAdditions
1471000
pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
7463000
pmt Purchases Of Real Estate Acquired In Satisfaction Of Debt
PurchasesOfRealEstateAcquiredInSatisfactionOfDebt
48000
pmt Loan Fulfillment Fees Payable To Affiliate
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31097000
pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
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869000
pmt Other Operating Expenses Net
OtherOperatingExpensesNet
14849000
pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
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pmt Repayments Of Mortgage Loans At Fair Value
RepaymentsOfMortgageLoansAtFairValue
128116000
pmt Write Down Of Mortgage Servicing Rights At Amortized Cost Due To Valuation Allowance
WriteDownOfMortgageServicingRightsAtAmortizedCostDueToValuationAllowance
pmt Fair Value Of Reo Purchased From Or Through One Or More Subsidiaries
FairValueOfReoPurchasedFromOrThroughOneOrMoreSubsidiaries
248000
pmt Transfer Of Real Estate Of Loans Under Forward Purchase Agreements
TransferOfRealEstateOfLoansUnderForwardPurchaseAgreements
21819000
pmt Sales Of Real Estate Acquired In Settlement Of Loans Under Forward Purchase Agreement
SalesOfRealEstateAcquiredInSettlementOfLoansUnderForwardPurchaseAgreement
9912000
pmt Payments To Acquire Mortgage Backed Securities Mbs At Fair Value
PaymentsToAcquireMortgageBackedSecuritiesMbsAtFairValue
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pmt Services Fee Annual Rate
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pmt Increase Decrease In Principal And Interest Collections Receivable
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21352000
pmt Repurchase Of Loans At Fair Value Sold Under Agreements To Repurchase
RepurchaseOfLoansAtFairValueSoldUnderAgreementsToRepurchase
295111000
pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
34457000
pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
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pmt Payments From Purchases Of Securities Sold Under Agreements To Repurchase
PaymentsFromPurchasesOfSecuritiesSoldUnderAgreementsToRepurchase
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pmt Interest Expense Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
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7221000
pmt Gain On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainOnSaleOfMortgageLoansAcquiredForSaleCashPortion
10677000
pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans At Fair Value
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117913000
pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
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pmt Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
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pmt Aggregate Cash Gain On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
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pmt Real Estate Owned Held For Sale Acquired In Business Combination
RealEstateOwnedHeldForSaleAcquiredInBusinessCombination
23060000
pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
6876000
pmt Aggregate Expenses Incurred In Transactions With Affiliates
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4894000
pmt Net Gain Loss On Mortgage Loans Acquired For Sale
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81210000
pmt Loan Servicing Fees On Mortgage Loans Subject To Forward Purchase Agreements
LoanServicingFeesOnMortgageLoansSubjectToForwardPurchaseAgreements
1011000
pmt Sales Of Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
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10753000
pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans
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pmt Borrowings Under Forward Purchase Agreements Value Interest Expense
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2396000
pmt Representations And Warranties Losses Incurred
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pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
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160334000
pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
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pmt Purchases Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
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pmt Accrual Of Costs Related To Forward Purchase Agreement
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3421000
pmt Note Payable Secured By Mortgage Loans At Fair Value Interest Expense
NotePayableSecuredByMortgageLoansAtFairValueInterestExpense
113000
pmt Purchases Of Real Estate Acquired In Settlement Of Loans
PurchasesOfRealEstateAcquiredInSettlementOfLoans
48000
pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
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449000
pmt Base Management Fee
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7964000
pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Reo Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToReoUnderForwardPurchaseAgreements
7473000
pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Accrual Of Unearned Discounts Asset
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363000
pmt Deferred Income Tax Expense Benefit Other
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913000
pmt Repurchases Of Real Estate Acquired In Settlement Of Loans Financed Under Agreements To Repurchase
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26532000
pmt Gains Losses Recognized Upon Sale Of Other Real Estate
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pmt Payment To Acquire Mortgage Loan At Fair Value
PaymentToAcquireMortgageLoanAtFairValue
411368000
pmt Purchase Of Real Estate Financed Through Forward Purchase Agreements
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248000
pmt Loan Originations Fees
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4880000
pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Servicing Asset Proceeds From Sale Of Mortgage Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisServicingAssetProceedsFromSaleOfMortgageLoans
1451000
pmt Transfer From Mortgage Loans Acquired For Sale
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pmt Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
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pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
99595000
pmt Net Gain Loss On Mortgage Loans Under Forward Purchase Agreement
NetGainLossOnMortgageLoansUnderForwardPurchaseAgreement
9293000
pmt Increase In Principal And Interest Collections Receivable Under Forward Purchase Agreement
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pmt Debt Instrument Amount Repurchased
DebtInstrumentAmountRepurchased
416000
pmt Servicing Fees Contractually Specified
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6294000
pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
82404000
pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
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411621000
pmt Sales Of Loans Under Agreements To Repurchase
SalesOfLoansUnderAgreementsToRepurchase
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pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
132188000
pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Capitalization Of Interest
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16415000
pmt Interest Income On Mortgage Financings
InterestIncomeOnMortgageFinancings
36855000
pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Repurchased Mortgage Loans Repurchased By Correspondent Lenders
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pmt Nonrecurring Gain Loss Msr Carried At Lower Of Amortized Cost Or Fair Value
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pmt Amortization Of Credit Facility Commitment Fees And Debt Issuance Costs
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2002000
pmt Proceeds From Sale Of Mortgage Loans Held For Sale To Affiliates
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5108340000
pmt Reversal Of Provision For Impairment Of Msrs Carried At Lower Cost Of Amortized Cost Or Fair Value
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pmt Change In Fair Value Of Msrs Carried At Fair Value
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pmt Interest And Other Income Net Related To Servicing Rights
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pmt Asset Backed Secured Financing Interest Expense
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pmt Interest Income On Mortgage Loans At Fair Value Held By Variable Interest Entity
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pmt Repayment Of Mortgage Loans Subject To Forward Purchase Agreements
RepaymentOfMortgageLoansSubjectToForwardPurchaseAgreements
14292000
pmt Proceeds From Sales Of Reo Subject To Forward Purchase Agreements
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9912000
pmt Loans Fulfilled By Affiliate Unpaid Principal Balance
LoansFulfilledByAffiliateUnpaidPrincipalBalance
4828117000
pmt Reimbursement Of Expenses To Affiliate
ReimbursementOfExpensesToAffiliate
2420000
pmt Reimbursement Of Common Overhead Incurred By Affiliate
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2474000
pmt Proceeds From Repayment Of Us Treasury Security
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pmt Sales Of Loans Under Agreements To Repurchase Held By Variable Interest Entity
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pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
52224000
pmt Net Results Of Real Estate Acquired In Settlement Of Loans
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7576000
CY2013Q3 us-gaap Stock Issued During Period Shares New Issues
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CY2013Q3 us-gaap Proceeds From Issuance Of Common Stock
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CY2012 pmt Percentage Of Amortized Cost
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CY2012 pmt Fair Value Inputs Weighted Average Life During Period
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CY2012 pmt Services Fee Annual Rate
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CY2012 pmt Fair Value Inputs Pricing Spread During Period
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CY2012 pmt Fair Value Inputs Annual Prepayment Speed During Period
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CY2012 pmt Amortized Cost Weighted Average Coupon Interest Rate
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CY2012 pmt Fair Value Weighted Average Coupon Interest Rate
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CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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CY2012Q3 us-gaap Earnings Per Share Diluted
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CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q3 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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CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2012Q3 us-gaap Earnings Per Share Basic
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CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012Q3 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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CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012Q3 us-gaap Servicing Asset At Fair Value Period Increase Decrease
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CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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CY2012Q3 us-gaap Revenues
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CY2012Q3 us-gaap Interest Income Expense Net
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CY2012Q3 us-gaap Interest Income Securities Mortgage Backed
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CY2012Q3 us-gaap Interest Income Operating
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CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2012Q3 us-gaap Other Nonoperating Income Expense
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CY2012Q3 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
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CY2012Q3 us-gaap Investment Income Interest
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CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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CY2012Q3 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
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CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2012Q3 us-gaap Real Estate Owned Valuation Allowance Provision
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CY2012Q3 us-gaap Contractually Specified Servicing Fees Amount
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CY2012Q3 us-gaap Net Income Loss
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CY2012Q3 us-gaap Gains Losses On Sales Of Other Real Estate
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CY2012Q3 us-gaap Servicing Fees Net
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CY2012Q3 us-gaap Gain Loss On Sales Of Loans Net
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CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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CY2012Q3 us-gaap Derivative Gain On Derivative
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CY2012Q3 us-gaap Other Expenses
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CY2012Q3 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2012Q3 us-gaap Deferred Income Tax Expense Benefit
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CY2012Q3 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
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CY2012Q3 us-gaap Servicing Asset At Amortized Value Additions
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CY2012Q3 us-gaap Share Based Compensation
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CY2012Q3 us-gaap Servicing Asset At Fair Value Additions
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CY2012Q3 us-gaap Current State And Local Tax Expense Benefit
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CY2012Q3 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
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CY2012Q3 pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
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CY2012Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
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CY2012Q3 pmt Mortgage Loan Hedging Activities Gain Loss
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CY2012Q3 pmt Gain Loss On Investments Net
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CY2012Q3 pmt Transfer To Mortgage Loans Acquired For Sale
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CY2012Q3 pmt Change In Fair Value Of Commitments To Purchase Loans
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CY2012Q3 pmt Percentage Of Amortized Cost
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CY2012Q3 pmt Change In Fair Value Hedging Instruments Still Held At Period End
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CY2012Q3 pmt Fair Value Option Non Credit Risk Gains Losses On Assets
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CY2012Q3 pmt Payment For Expenses Incurred In Transactions With Affiliates
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CY2012Q3 pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
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36760000
CY2012Q3 pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
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CY2012Q3 pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
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CY2012Q3 pmt Gain Loss Mortgage Loans
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CY2012Q3 us-gaap Interest Expense
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CY2012Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2012Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2012Q3 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2012Q3 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Recoveries
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CY2012Q3 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
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CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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CY2012Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2012Q3 us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
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CY2012Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
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CY2012Q3 us-gaap Current Income Tax Expense Benefit
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CY2012Q3 us-gaap Participating Securities Distributed And Undistributed Earnings
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CY2012Q3 us-gaap Professional Fees
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CY2012Q3 us-gaap Current Federal Tax Expense Benefit
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CY2012Q3 us-gaap Income Tax Expense Benefit
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CY2012Q3 us-gaap Loan Portfolio Expense
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CY2012Q3 pmt Fair Value Of Mortgage Loan Purchased During Year
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CY2012Q3 pmt Gain Loss Mortgage Backed Securities
GainLossMortgageBackedSecurities
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CY2012Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Amortization Of Debt Issuance Costs Excluded From Average Cost
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CY2012Q3 pmt Provisions For Representations And Warranties Losses
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CY2012Q3 pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
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CY2012Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Average Balance
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CY2012Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
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CY2012Q3 pmt Other Operating Income Net
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CY2012Q3 pmt Related Party Transaction Sales To Related Party
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CY2012Q3 pmt Repayment Of Borrowings Under Forward Purchase Agreement
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CY2012Q3 pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
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CY2012Q3 pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
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CY2012Q3 pmt Transfers From Reo Under Forward Purchases Agreements
TransfersFromReoUnderForwardPurchasesAgreements
786000
CY2012Q3 pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
FairValueOfMortgageLoansPurchasedFromOrThroughOneOrMoreSubsidiaries
150778000
CY2012Q3 pmt Transfers To Reo
TransfersToReo
786000
CY2012Q3 pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
RealEstateAcquiredInSatisfactionOfDebtUnderForwardPurchaseAgreements
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CY2012Q3 pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
GainsLossesRecognizedUponSaleOfOtherRealEstateUnderForwardPurchaseAgreement
-3000
CY2012Q3 pmt Mortgage Servicing Rights Fair Value Additions
MortgageServicingRightsFairValueAdditions
363000
CY2012Q3 pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
4444000
CY2012Q3 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
CY2012Q3 pmt Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
17258000
CY2012Q3 pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
193000
CY2012Q3 pmt Other Operating Expenses Net
OtherOperatingExpensesNet
6415000
CY2012Q3 pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
100000
CY2012Q3 pmt Write Down Of Mortgage Servicing Rights At Amortized Cost Due To Valuation Allowance
WriteDownOfMortgageServicingRightsAtAmortizedCostDueToValuationAllowance
CY2012Q3 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Thirty To Ninety Days
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentThirtyToNinetyDays
19508000
CY2012Q3 pmt Services Fee Annual Rate
ServicesFeeAnnualRate
0.28 pure
CY2012Q3 pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
23004000
CY2012Q3 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0051 pure
CY2012Q3 pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
50178
CY2012Q3 pmt Interest Expense Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
InterestExpenseMortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchase
3947000
CY2012Q3 pmt Gain On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainOnSaleOfMortgageLoansAcquiredForSaleCashPortion
10360000
CY2012Q3 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0000 pure
CY2012Q3 pmt Aggregate Cash Gain On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
-7537000
CY2012Q3 pmt Real Estate Owned Held For Sale Acquired In Business Combination
RealEstateOwnedHeldForSaleAcquiredInBusinessCombination
23060000
CY2012Q3 pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
3849000
CY2012Q3 pmt Aggregate Expenses Incurred In Transactions With Affiliates
AggregateExpensesIncurredInTransactionsWithAffiliates
1799000
CY2012Q3 pmt Loan Servicing Fees On Mortgage Loans Subject To Forward Purchase Agreements
LoanServicingFeesOnMortgageLoansSubjectToForwardPurchaseAgreements
51000
CY2012Q3 pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
3400928
CY2012Q3 pmt Borrowings Under Forward Purchase Agreements Value Interest Expense
BorrowingsUnderForwardPurchaseAgreementsValueInterestExpense
100000
CY2012Q3 pmt Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
CY2012Q3 pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
157333000
CY2012Q3 pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
33754000
CY2012Q3 pmt Purchases Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
PurchasesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
6000
CY2012Q3 pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
RealEstateOwnedUnderForwardPurchaseAgreementValuationAllowanceProvision
1000
CY2012Q3 pmt Base Management Fee
BaseManagementFee
3672000
CY2012Q3 pmt Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
474000
CY2012Q3 pmt Gains Losses Recognized Upon Sale Of Other Real Estate
GainsLossesRecognizedUponSaleOfOtherRealEstate
-5246000
CY2012Q3 pmt Loan Originations Fees
LoanOriginationsFees
2836000
CY2012Q3 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Servicing Asset Proceeds From Sale Of Mortgage Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisServicingAssetProceedsFromSaleOfMortgageLoans
363000
CY2012Q3 pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
75787000
CY2012Q3 pmt Net Gain Loss On Mortgage Loans Under Forward Purchase Agreement
NetGainLossOnMortgageLoansUnderForwardPurchaseAgreement
105000
CY2012Q3 pmt Debt Instrument Amount Repurchased
DebtInstrumentAmountRepurchased
416000
CY2012Q3 pmt Servicing Fees Contractually Specified
ServicingFeesContractuallySpecified
3933000
CY2012Q3 pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
33962000
CY2012Q3 pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
FairValuePurchasedOfMortgageLoansInvestmentPortfolioPurchasesFromOrThroughOneOrMoreSubsidiaries
150778000
CY2012Q3 pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
105850000
CY2012Q3 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Capitalization Of Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisCapitalizationOfInterest
3399000
CY2012Q3 pmt Interest Income On Mortgage Financings
InterestIncomeOnMortgageFinancings
12889000
CY2012Q3 pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Repurchased Mortgage Loans Repurchased By Correspondent Lenders
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfRepurchasedMortgageLoansRepurchasedByCorrespondentLenders
CY2012Q3 pmt Nonrecurring Gain Loss Msr Carried At Lower Of Amortized Cost Or Fair Value
NonrecurringGainLossMsrCarriedAtLowerOfAmortizedCostOrFairValue
-2881000
CY2012Q3 pmt Reversal Of Provision For Impairment Of Msrs Carried At Lower Cost Of Amortized Cost Or Fair Value
ReversalOfProvisionForImpairmentOfMsrsCarriedAtLowerCostOfAmortizedCostOrFairValue
-2881000
CY2012Q3 pmt Change In Fair Value Of Msrs Carried At Fair Value
ChangeInFairValueOfMsrsCarriedAtFairValue
-126000
CY2012Q3 pmt Interest And Other Income Net Related To Servicing Rights
InterestAndOtherIncomeNetRelatedToServicingRights
CY2012Q3 pmt Asset Backed Secured Financing Interest Expense
AssetBackedSecuredFinancingInterestExpense
CY2012Q3 pmt Interest Income On Mortgage Loans At Fair Value Held By Variable Interest Entity
InterestIncomeOnMortgageLoansAtFairValueHeldByVariableInterestEntity
CY2012Q3 pmt Repayment Of Mortgage Loans Subject To Forward Purchase Agreements
RepaymentOfMortgageLoansSubjectToForwardPurchaseAgreements
252000
CY2012Q3 pmt Loans Fulfilled By Affiliate Unpaid Principal Balance
LoansFulfilledByAffiliateUnpaidPrincipalBalance
2488443000
CY2012Q3 pmt Reimbursement Of Expenses To Affiliate
ReimbursementOfExpensesToAffiliate
555000
CY2012Q3 pmt Reimbursement Of Common Overhead Incurred By Affiliate
ReimbursementOfCommonOverheadIncurredByAffiliate
1244000
CY2012Q3 pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
25530000
CY2012Q3 pmt Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
1288000
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
3681 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
4781 shares
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73121000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
23.63
CY2013Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2013Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8379000 shares
CY2013Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.101 pure
CY2013Q3 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
3.21
CY2013Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000 pure
CY2013Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.031 pure
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
337000 shares
CY2013Q3 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
23.91
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64405000 shares
CY2013Q3 us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
-465000
CY2013Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.019 pure
CY2013Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.463 pure
CY2013Q3 pmt Loan Originations Fees
LoanOriginationsFees
4559000
CY2013Q3 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Servicing Asset Proceeds From Sale Of Mortgage Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisServicingAssetProceedsFromSaleOfMortgageLoans
7939000
CY2013Q3 pmt Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
1696000
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
75830 shares
CY2013Q3 us-gaap Revenues
Revenues
86062000
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15781000
CY2013Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
345000
CY2013Q3 us-gaap Interest Income Operating
InterestIncomeOperating
35278000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36062000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39327000
CY2013Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
16707000
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1241000
CY2013Q3 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
12535000
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
252000
CY2013Q3 us-gaap Interest Income Other
InterestIncomeOther
36000
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-52969000
CY2013Q3 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-18801000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
41776000
CY2013Q3 us-gaap Real Estate Owned Valuation Allowance Provision
RealEstateOwnedValuationAllowanceProvision
5012000
CY2013Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
13687000
CY2013Q3 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
51599000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
39701000
CY2013Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
2253000
CY2013Q3 us-gaap Servicing Fees Net
ServicingFeesNet
6659000
CY2013Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
11031000
CY2013Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2075000
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
67404000
CY2013Q3 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
3100000
CY2013Q3 us-gaap Interest Expense Other
InterestExpenseOther
694000
CY2013Q3 us-gaap Other Expenses
OtherExpenses
7955000
CY2013Q3 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
CY2013Q3 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
1204000
CY2013Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8897000
CY2013Q3 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
3577000
CY2013Q3 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
63000
CY2013Q3 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
41018000
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1970000
CY2013Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
7939000
CY2013Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1753000
CY2013Q3 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
7201000
CY2013Q3 us-gaap Interest Expense
InterestExpense
19497000
CY2013Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-655000
CY2013Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
12622000
CY2013Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6135000
CY2013Q3 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsRecoveries
212000
CY2013Q3 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
26204000
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
597494000
CY2013Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2762000
CY2013Q3 us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
4185247000
CY2013Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-99000
CY2013Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5258000
CY2013Q3 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
374000
CY2013Q3 us-gaap Professional Fees
ProfessionalFees
2149000
CY2013Q3 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
35086000
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2292000
CY2013Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-366000
CY2013Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3505000
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
50000000
CY2013Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1101000
CY2013Q3 us-gaap Management Fee Expense
ManagementFeeExpense
8539000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3639000
CY2013Q3 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
10738000
CY2013Q3 pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
580822000
CY2013Q3 pmt Gain Loss Mortgage Backed Securities
GainLossMortgageBackedSecurities
493000
CY2013Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Amortization Of Debt Issuance Costs Excluded From Average Cost
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAmortizationOfDebtIssuanceCostsExcludedFromAverageCost
1900000
CY2013Q3 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
1474000
CY2013Q3 pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
ProceedsFromSaleOfOtherRealEstateUnderForwardPurchaseAgreements
65000
CY2013Q3 pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
DeferredIncomeTaxExpenseBenefitMortgageServicingRights
-17194000
CY2013Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0208 pure
CY2013Q3 pmt Note Payable Secured By Mortgage Loans At Fair Value Maximum Daily Amount Outstanding
NotePayableSecuredByMortgageLoansAtFairValueMaximumDailyAmountOutstanding
250000000
CY2013Q3 pmt Mortgage Loan Hedging Activities Gain Loss
MortgageLoanHedgingActivitiesGainLoss
114404000
CY2013Q3 pmt Gain Loss On Investments Net
GainLossOnInvestmentsNet
49086000
CY2013Q3 pmt Transfer To Mortgage Loans Acquired For Sale
TransferToMortgageLoansAcquiredForSale
-7273000
CY2013Q3 pmt Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
28413000
CY2013Q3 pmt Percentage Of Amortized Cost
PercentageOfAmortizedCost
0.25 pure
CY2013Q3 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans
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CY2013Q3 pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
-118515000
CY2013Q3 pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-34168000
CY2013Q3 pmt Payment For Expenses Incurred In Transactions With Affiliates
PaymentForExpensesIncurredInTransactionsWithAffiliates
29315000
CY2013Q3 pmt Note Payable Secured By Mortgage Loans At Fair Value Weighted Average Interest Rate At Period End
NotePayableSecuredByMortgageLoansAtFairValueWeightedAverageInterestRateAtPeriodEnd
250000000
CY2013Q3 pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
48957000
CY2013Q3 pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
-4795000
CY2013Q3 pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
InterestIncomeOnMortgageLoansSubjectToForwardPurchaseAgreements
1196000
CY2013Q3 pmt Gain Loss Mortgage Loans
GainLossMortgageLoans
47986000
CY2013Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Average Balance
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseAverageBalance
1121828000
CY2013Q3 pmt Fair Value Of Reo Purchased During Year
FairValueOfReoPurchasedDuringYear
3597000
CY2013Q3 pmt Deferred Income Tax Expense Benefit Of Operating Loss Carryforward
DeferredIncomeTaxExpenseBenefitOfOperatingLossCarryforward
25283000
CY2013Q3 pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
196032000
CY2013Q3 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Ninety Days Or More
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentNinetyDaysOrMore
8104000
CY2013Q3 pmt Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
MortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0206 pure
CY2013Q3 pmt Other Operating Income Net
OtherOperatingIncomeNet
10164000
CY2013Q3 pmt Related Party Transaction Sales To Related Party
RelatedPartyTransactionSalesToRelatedParty
4147535000
CY2013Q3 pmt Repayment Of Borrowings Under Forward Purchase Agreement
RepaymentOfBorrowingsUnderForwardPurchaseAgreement
18618000
CY2013Q3 pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
584419000
CY2013Q3 pmt Interest Income Debt Securities
InterestIncomeDebtSecurities
162000
CY2013Q3 pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
GainsLossesOnSalesOfOtherRealEstateUnderForwardPurchaseAgreements
-41000
CY2013Q3 pmt Transfers From Reo Under Forward Purchases Agreements
TransfersFromReoUnderForwardPurchasesAgreements
114000
CY2013Q3 pmt Transfers To Reo
TransfersToReo
114000
CY2013Q3 pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
RealEstateAcquiredInSatisfactionOfDebtUnderForwardPurchaseAgreements
3640000
CY2013Q3 pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
GainsLossesRecognizedUponSaleOfOtherRealEstateUnderForwardPurchaseAgreement
-10000
CY2013Q3 pmt Mortgage Servicing Rights Fair Value Additions
MortgageServicingRightsFairValueAdditions
9635000
CY2013Q3 pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
7878000
CY2013Q3 pmt Purchases Of Real Estate Acquired In Satisfaction Of Debt
PurchasesOfRealEstateAcquiredInSatisfactionOfDebt
82000
CY2013Q3 pmt Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
18327000
CY2013Q3 pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
143000
CY2013Q3 pmt Other Operating Expenses Net
OtherOperatingExpensesNet
12396000
CY2013Q3 pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
1763000
CY2013Q3 pmt Write Down Of Mortgage Servicing Rights At Amortized Cost Due To Valuation Allowance
WriteDownOfMortgageServicingRightsAtAmortizedCostDueToValuationAllowance
CY2013Q3 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Thirty To Ninety Days
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentThirtyToNinetyDays
50746000
CY2013Q3 pmt Fair Value Of Reo Purchased From Or Through One Or More Subsidiaries
FairValueOfReoPurchasedFromOrThroughOneOrMoreSubsidiaries
3597000
CY2013Q3 pmt Services Fee Annual Rate
ServicesFeeAnnualRate
0.25 pure
CY2013Q3 pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
48206000
CY2013Q3 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0064 pure
CY2013Q3 pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
707891
CY2013Q3 pmt Interest Expense Mortgage Loans Acquired For Sale Sold Under Agreements To Repurchase
InterestExpenseMortgageLoansAcquiredForSaleSoldUnderAgreementsToRepurchase
7898000
CY2013Q3 pmt Gain On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainOnSaleOfMortgageLoansAcquiredForSaleCashPortion
-108960000
CY2013Q3 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0045 pure
CY2013Q3 pmt Aggregate Cash Gain On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
5444000
CY2013Q3 pmt Real Estate Acquired Settlement Of Loan Under Forward Purchase Agreement Gains Losses Recognized
RealEstateAcquiredSettlementOfLoanUnderForwardPurchaseAgreementGainsLossesRecognized
-29000
CY2013Q3 pmt Real Estate Owned Held For Sale Acquired In Business Combination
RealEstateOwnedHeldForSaleAcquiredInBusinessCombination
50796000
CY2013Q3 pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
4554000
CY2013Q3 pmt Aggregate Expenses Incurred In Transactions With Affiliates
AggregateExpensesIncurredInTransactionsWithAffiliates
4486000
CY2013Q3 pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
3404274
CY2013Q3 pmt Borrowings Under Forward Purchase Agreements Value Interest Expense
BorrowingsUnderForwardPurchaseAgreementsValueInterestExpense
1762000
CY2013Q3 pmt Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
CY2013Q3 pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
46794000
CY2013Q3 pmt Note Payable Secured By Mortgage Loans At Fair Value Interest Expense
NotePayableSecuredByMortgageLoansAtFairValueInterestExpense
3577000
CY2013Q3 pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
RealEstateOwnedUnderForwardPurchaseAgreementValuationAllowanceProvision
31000
CY2013Q3 pmt Base Management Fee
BaseManagementFee
5104000
CY2013Q3 pmt Mortgage Servicing Rights Rebate From Affiliate
MortgageServicingRightsRebateFromAffiliate
86000
CY2013Q3 pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
38788000
CY2013Q3 pmt Net Gain Loss On Mortgage Loans Under Forward Purchase Agreement
NetGainLossOnMortgageLoansUnderForwardPurchaseAgreement
8378000
CY2013Q3 pmt Debt Instrument Amount Repurchased
DebtInstrumentAmountRepurchased
5687000
CY2013Q3 pmt Servicing Fees Contractually Specified
ServicingFeesContractuallySpecified
14451000
CY2013Q3 pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
48154000
CY2013Q3 pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
FairValuePurchasedOfMortgageLoansInvestmentPortfolioPurchasesFromOrThroughOneOrMoreSubsidiaries
3597000
CY2013Q3 pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
16229000
CY2013Q3 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Capitalization Of Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisCapitalizationOfInterest
13203000
CY2013Q3 pmt Related Party Incentive Fee Expense
RelatedPartyIncentiveFeeExpense
3435000
CY2013Q3 pmt Interest Income On Mortgage Financings
InterestIncomeOnMortgageFinancings
20751000
CY2013Q3 pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Repurchased Mortgage Loans Repurchased By Correspondent Lenders
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfRepurchasedMortgageLoansRepurchasedByCorrespondentLenders
967000
CY2013Q3 pmt Amortization Of Convertible Debt Issuance Costs
AmortizationOfConvertibleDebtIssuanceCosts
218000
CY2013Q3 pmt Nonrecurring Gain Loss Msr Carried At Lower Of Amortized Cost Or Fair Value
NonrecurringGainLossMsrCarriedAtLowerOfAmortizedCostOrFairValue
-212000
CY2013Q3 pmt Reversal Of Provision For Impairment Of Msrs Carried At Lower Cost Of Amortized Cost Or Fair Value
ReversalOfProvisionForImpairmentOfMsrsCarriedAtLowerCostOfAmortizedCostOrFairValue
-212000
CY2013Q3 pmt Change In Fair Value Of Msrs Carried At Fair Value
ChangeInFairValueOfMsrsCarriedAtFairValue
-465000
CY2013Q3 pmt Interest And Other Income Net Related To Servicing Rights
InterestAndOtherIncomeNetRelatedToServicingRights
CY2013Q3 pmt Asset Backed Secured Financing Interest Expense
AssetBackedSecuredFinancingInterestExpense
CY2013Q3 pmt Interest Income On Mortgage Loans At Fair Value Held By Variable Interest Entity
InterestIncomeOnMortgageLoansAtFairValueHeldByVariableInterestEntity
CY2013Q3 pmt Repayment Of Mortgage Loans Subject To Forward Purchase Agreements
RepaymentOfMortgageLoansSubjectToForwardPurchaseAgreements
8000000
CY2013Q3 pmt Proceeds From Sales Of Reo Subject To Forward Purchase Agreements
ProceedsFromSalesOfReoSubjectToForwardPurchaseAgreements
65000
CY2013Q3 pmt Loans Fulfilled By Affiliate Unpaid Principal Balance
LoansFulfilledByAffiliateUnpaidPrincipalBalance
3681771000
CY2013Q3 pmt Reimbursement Of Expenses To Affiliate
ReimbursementOfExpensesToAffiliate
1934000
CY2013Q3 pmt Reimbursement Of Common Overhead Incurred By Affiliate
ReimbursementOfCommonOverheadIncurredByAffiliate
2552000
CY2013Q3 pmt Gain Loss On Agency Debt Security
GainLossOnAgencyDebtSecurity
578000
CY2013Q3 pmt Gain Loss On Excess Servicing Spread
GainLossOnExcessServicingSpread
29000
CY2013Q3 pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
37604000
CY2013Q3 pmt Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
-2295000

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