2016 Q4 Form 10-Q Financial Statement
#000156459016027712 Filed on November 04, 2016
Income Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
Revenue | $68.93M | $103.3M | $50.57M |
YoY Change | 36.3% | 13.83% | -4.69% |
Cost Of Revenue | $92.60M | $89.90M | $72.30M |
YoY Change | 28.08% | 23.49% | 34.64% |
Gross Profit | $17.20M | $53.80M | $9.800M |
YoY Change | 75.51% | -3.41% | -53.99% |
Gross Profit Margin | 24.95% | 52.07% | 19.38% |
Selling, General & Admin | $3.400M | $2.600M | $3.700M |
YoY Change | -8.11% | -21.21% | 0.0% |
% of Gross Profit | 19.77% | 4.83% | 37.76% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $3.300M | $58.31M | $2.800M |
YoY Change | 17.86% | 27.69% | -69.89% |
Operating Profit | $13.90M | -$4.512M | $7.000M |
YoY Change | 98.57% | -144.97% | -41.67% |
Interest Expense | $40.33M | ||
YoY Change | 6.81% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $3.944M | ||
YoY Change | -27.95% | ||
Pretax Income | $13.90M | $45.01M | $6.900M |
YoY Change | 101.45% | -0.21% | -42.02% |
Income Tax | -$17.30M | $9.606M | -$8.800M |
% Of Pretax Income | -124.46% | 21.34% | -127.54% |
Net Earnings | $31.17M | $35.41M | $15.71M |
YoY Change | 98.45% | -8.77% | -40.75% |
Net Earnings / Revenue | 45.23% | 34.27% | 31.06% |
Basic Earnings Per Share | $0.46 | $0.52 | $0.21 |
Diluted Earnings Per Share | $0.44 | $0.49 | $0.21 |
COMMON SHARES | |||
Basic Shares Outstanding | 66.70M | 67.55M | 73.77M shares |
Diluted Shares Outstanding | 76.33M |
Balance Sheet
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $34.00M | $139.0M | $58.00M |
YoY Change | -41.38% | 56.18% | -23.68% |
Cash & Equivalents | $34.48M | $58.11M | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $118.0M | $223.0M | $155.0M |
YoY Change | -23.87% | 25.28% | -4.32% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $29.00M | $26.00M | $9.000M |
YoY Change | 222.22% | 550.0% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | $1.450B | $0.00 |
YoY Change | 89.3% | ||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $6.240B | $6.396B | $5.672B |
YoY Change | 10.01% | 18.13% | 19.78% |
TOTAL ASSETS | |||
Total Short-Term Assets | $118.0M | $223.0M | $155.0M |
Total Long-Term Assets | $6.240B | $6.396B | $5.672B |
Total Assets | $6.358B | $6.619B | $5.827B |
YoY Change | 9.11% | 18.36% | 18.98% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $16.00M | $15.00M | $19.00M |
YoY Change | -15.79% | -11.76% | -20.83% |
Accrued Expenses | $4.000M | $2.000M | |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $3.934B | $150.0M | $150.0M |
YoY Change | 2522.67% | 0.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.972B | $277.0M | $386.0M |
YoY Change | 929.02% | -29.52% | 414.67% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $901.0M | $915.0M | $729.0M |
YoY Change | 23.59% | 24.83% | 69.53% |
Other Long-Term Liabilities | $25.00M | $4.058B | $3.152B |
YoY Change | -99.21% | 40.66% | 14.79% |
Total Long-Term Liabilities | $926.0M | $4.973B | $3.881B |
YoY Change | -76.14% | 37.45% | 22.2% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.972B | $277.0M | $386.0M |
Total Long-Term Liabilities | $926.0M | $4.973B | $3.881B |
Total Liabilities | $5.006B | $5.264B | $4.331B |
YoY Change | 15.6% | 29.09% | 30.48% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$26.72M | $25.65M | |
YoY Change | -204.17% | -73.75% | |
Common Stock | $1.378B | $1.470B | |
YoY Change | -6.3% | -0.67% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.351B | $1.355B | $1.496B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.358B | $6.619B | $5.827B |
YoY Change | 9.11% | 18.36% | 18.98% |
Cashflow Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $31.17M | $35.41M | $15.71M |
YoY Change | 98.45% | -8.77% | -40.75% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $170.2M | -$613.3M | -$337.0M |
YoY Change | -150.5% | -154.07% | -2036.78% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $25.80M | -$147.0M | $80.70M |
YoY Change | -68.03% | 553.33% | -128.79% |
Cash From Investing Activities | $25.80M | -$147.0M | $80.70M |
YoY Change | -68.03% | 553.33% | -128.79% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -300.4M | 803.6M | 225.0M |
YoY Change | -233.51% | -170.68% | -23.16% |
NET CHANGE | |||
Cash From Operating Activities | 170.2M | -613.3M | -337.0M |
Cash From Investing Activities | 25.80M | -147.0M | 80.70M |
Cash From Financing Activities | -300.4M | 803.6M | 225.0M |
Net Change In Cash | -104.4M | 43.30M | -31.30M |
YoY Change | 233.55% | -271.15% | -204.68% |
FREE CASH FLOW | |||
Cash From Operating Activities | $170.2M | -$613.3M | -$337.0M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q4 | us-gaap |
Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
|
322473000 | |
CY2015Q4 | us-gaap |
Deposits Assets
DepositsAssets
|
147000000 | |
CY2015Q4 | pmt |
Mortgage Loan Participation And Sale Agreement
MortgageLoanParticipationAndSaleAgreement
|
0 | |
CY2015Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1469722000 | |
CY2015Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
2555788000 | |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
4330811000 | |
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Trading Symbol
TradingSymbol
|
PMT | ||
CY2015Q4 | us-gaap |
Cash
Cash
|
58108000 | |
CY2015Q4 | us-gaap |
Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
|
1283795000 | |
CY2015Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
41865000 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.63 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.98 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.49 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
74675000 | ||
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
76329000 | |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
PennyMac Mortgage Investment Trust | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001464423 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
66697286 | |
CY2015Q4 | us-gaap |
Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
|
183000000 | |
CY2016Q3 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
55843000 | |
CY2015Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
66584000 | |
CY2016Q3 | pmt |
Deposits Pledged To Creditors
DepositsPledgedToCreditors
|
416163000 | |
CY2016Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | |
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | |
CY2016Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83411000 | |
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
15955000 | ||
CY2015Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1514430000 | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
4142000 | ||
CY2016Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
67036149 | |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
73767435 | |
CY2016Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
67036149 | |
CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
73767435 | |
CY2015Q4 | us-gaap |
Notes Payable
NotesPayable
|
236015000 | |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-09-30 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
69289000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
74391000 | ||
CY2015Q4 | pmt |
Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
|
20171000 | |
CY2015Q4 | pmt |
Excess Spread Investment
ExcessSpreadInvestment
|
412425000 | |
CY2016Q3 | pmt |
Interest Only Security Payable At Fair Value
InterestOnlySecurityPayableAtFairValue
|
1699000 | |
CY2015Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
3157000 | |
CY2015Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
10085000 | |
CY2015Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
64474000 | |
CY2015Q4 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
33505000 | |
CY2016Q3 | us-gaap |
Other Income
OtherIncome
|
2225000 | |
pmt |
Proceeds From Sale Of Assets Under Agreements To Repurchase
ProceedsFromSaleOfAssetsUnderAgreementsToRepurchase
|
38669898000 | ||
pmt |
Repayments Of Assets Sold Under Agreements To Repurchase
RepaymentsOfAssetsSoldUnderAgreementsToRepurchase
|
47841632000 | ||
pmt |
Repayments Of Assets Sold Under Agreements To Repurchase
RepaymentsOfAssetsSoldUnderAgreementsToRepurchase
|
38534306000 | ||
pmt |
Repayments Of Mortgage Loan Participation Certificates
RepaymentsOfMortgageLoanParticipationCertificates
|
4867284000 | ||
pmt |
Repayments Of Mortgage Loan Participation Certificates
RepaymentsOfMortgageLoanParticipationCertificates
|
3572232000 | ||
CY2016Q3 | pmt |
Derivative Assets Pledged To Creditors
DerivativeAssetsPledgedToCreditors
|
8268000 | |
CY2016Q3 | pmt |
Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
|
1068000 | |
CY2016Q3 | pmt |
Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
|
120457000 | |
CY2015Q3 | pmt |
Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
|
578894000 | |
CY2015Q4 | pmt |
Margin Deposit Assets Liabilities
MarginDepositAssetsLiabilities
|
678000 | |
CY2015Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
245054000 | |
CY2015Q4 | pmt |
Interest Only Security Payable At Fair Value
InterestOnlySecurityPayableAtFairValue
|
0 | |
CY2016Q3 | pmt |
Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
|
384407000 | |
CY2016Q3 | us-gaap |
Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
|
0 | |
CY2016Q3 | us-gaap |
Convertible Debt
ConvertibleDebt
|
245824000 | |
CY2016Q3 | pmt |
Pledged Assets Separately Reported Loans Acquired For Sale Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansAcquiredForSalePledgedAsCollateralAtFairValue
|
2018292000 | |
CY2016Q3 | us-gaap |
Pledged Assets Separately Reported Loans Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
|
1947425000 | |
CY2016Q3 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
58134000 | |
CY2015Q3 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
61438000 | |
us-gaap |
Interest Income Operating
InterestIncomeOperating
|
164266000 | ||
us-gaap |
Interest Income Operating
InterestIncomeOperating
|
147456000 | ||
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
40330000 | |
CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
37760000 | |
us-gaap |
Interest Expense
InterestExpense
|
108927000 | ||
pmt |
Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
|
45752000 | ||
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
51019000 | ||
us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
38919000 | ||
us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
34542000 | ||
CY2016Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
5025000 | |
CY2015Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
5742000 | |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
15576000 | ||
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
18524000 | ||
CY2015Q3 | us-gaap |
Other Income
OtherIncome
|
2549000 | |
CY2016Q3 | pmt |
Mortgage Loan Collection And Liquidation Expenses
MortgageLoanCollectionAndLiquidationExpenses
|
6205000 | |
us-gaap |
Other Income
OtherIncome
|
6570000 | ||
us-gaap |
Other Income
OtherIncome
|
6095000 | ||
pmt |
Mortgage Loan Collection And Liquidation Expenses
MortgageLoanCollectionAndLiquidationExpenses
|
12709000 | ||
CY2016Q3 | us-gaap |
Revenues
Revenues
|
103326000 | |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
90774000 | |
us-gaap |
Revenues
Revenues
|
198196000 | ||
CY2016Q3 | us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
11039000 | |
pmt |
Mortgage Loan Collection And Liquidation Expenses
MortgageLoanCollectionAndLiquidationExpenses
|
6480000 | ||
CY2015Q3 | pmt |
Mortgage Loan Collection And Liquidation Expenses
MortgageLoanCollectionAndLiquidationExpenses
|
1853000 | |
us-gaap |
Professional Fees
ProfessionalFees
|
5249000 | ||
CY2016Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1508000 | |
CY2015Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1550000 | |
CY2016Q3 | us-gaap |
Servicing Fees Net
ServicingFeesNet
|
15761000 | |
CY2015Q3 | us-gaap |
Servicing Fees Net
ServicingFeesNet
|
20791000 | |
us-gaap |
Interest Expense
InterestExpense
|
93245000 | ||
CY2016Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
17804000 | |
CY2015Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
23678000 | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
55339000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
54211000 | ||
us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
35219000 | ||
us-gaap |
Servicing Fees Net
ServicingFeesNet
|
47006000 | ||
us-gaap |
Servicing Fees Net
ServicingFeesNet
|
41810000 | ||
pmt |
Loan Originations Fees
LoanOriginationsFees
|
21701000 | ||
CY2016Q3 | pmt |
Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
|
-3285000 | |
CY2015Q3 | pmt |
Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
|
-4221000 | |
pmt |
Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
|
-11886000 | ||
pmt |
Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
|
-11859000 | ||
CY2015Q3 | us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
11736000 | |
CY2016Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
1134000 | |
CY2015Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
1759000 | |
us-gaap |
Professional Fees
ProfessionalFees
|
5438000 | ||
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
5021000 | ||
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
5748000 | ||
CY2016Q3 | us-gaap |
Other Expenses
OtherExpenses
|
6146000 | |
CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
45667000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83486000 | ||
CY2016Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.47 | |
us-gaap |
Other Expenses
OtherExpenses
|
18297000 | ||
us-gaap |
Other Expenses
OtherExpenses
|
15526000 | ||
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
58312000 | |
us-gaap |
Operating Expenses
OperatingExpenses
|
155261000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
131821000 | ||
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
45014000 | |
CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
45107000 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
47899000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
66375000 | ||
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9606000 | |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6295000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3262000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-8016000 | ||
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
35408000 | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
38812000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
44637000 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.52 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.51 | |
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.49 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.63 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.95 | ||
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
67554000 | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
74681000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69289000 | ||
CY2015Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.47 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.41 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.69 | ||
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1578172000 | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
4980000 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
127166000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8000 | ||
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5826924000 | |
CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
738000 | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
25653000 | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1496113000 | |
pmt |
Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
|
59301000 | ||
us-gaap |
Revenues
Revenues
|
203160000 | ||
CY2016Q3 | pmt |
Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
|
27255000 | |
CY2015Q3 | pmt |
Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
|
17553000 | |
CY2015Q3 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
57751000 | |
CY2015Q3 | us-gaap |
Other Expenses
OtherExpenses
|
5474000 | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
96545000 | ||
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
93429000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-1628000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
884000 | ||
pmt |
Capitalization Of Interest And Advances On Mortgage Loans At Fair Value
CapitalizationOfInterestAndAdvancesOnMortgageLoansAtFairValue
|
62783000 | ||
pmt |
Capitalization Of Interest And Advances On Mortgage Loans At Fair Value
CapitalizationOfInterestAndAdvancesOnMortgageLoansAtFairValue
|
34979000 | ||
pmt |
Capitalization Of Interest On Excess Servicing Spread
CapitalizationOfInterestOnExcessServicingSpread
|
17555000 | ||
pmt |
Capitalization Of Interest On Excess Servicing Spread
CapitalizationOfInterestOnExcessServicingSpread
|
17596000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
9798000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
8491000 | ||
us-gaap |
Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
|
48608000 | ||
us-gaap |
Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
|
32876000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4142000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4980000 | ||
pmt |
Payments To Purchase Mortgage Loans Held For Sale Nonaffiliates
PaymentsToPurchaseMortgageLoansHeldForSaleNonaffiliates
|
45300447000 | ||
pmt |
Payments To Purchase Mortgage Loans Held For Sale Nonaffiliates
PaymentsToPurchaseMortgageLoansHeldForSaleNonaffiliates
|
35922418000 | ||
pmt |
Payments To Purchase Mortgage Loans Held For Sale Affiliates
PaymentsToPurchaseMortgageLoansHeldForSaleAffiliates
|
13146000 | ||
pmt |
Payments To Purchase Mortgage Loans Held For Sale Affiliates
PaymentsToPurchaseMortgageLoansHeldForSaleAffiliates
|
13708000 | ||
pmt |
Repurchase Of Mortgage Loans Subject To Representation And Warranties
RepurchaseOfMortgageLoansSubjectToRepresentationAndWarranties
|
9922000 | ||
pmt |
Repurchase Of Mortgage Loans Subject To Representation And Warranties
RepurchaseOfMortgageLoansSubjectToRepresentationAndWarranties
|
14873000 | ||
us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
15323444000 | ||
us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
10593309000 | ||
pmt |
Proceeds From Sale Of Mortgage Loans Held For Sale To Affiliates
ProceedsFromSaleOfMortgageLoansHeldForSaleToAffiliates
|
29154270000 | ||
pmt |
Proceeds From Sale Of Mortgage Loans Held For Sale To Affiliates
ProceedsFromSaleOfMortgageLoansHeldForSaleToAffiliates
|
24877077000 | ||
pmt |
Increase Decrease In Servicing Advances
IncreaseDecreaseInServicingAdvances
|
-4719000 | ||
pmt |
Increase Decrease In Servicing Advances
IncreaseDecreaseInServicingAdvances
|
16930000 | ||
us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
-2699000 | ||
us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
2090000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-58246000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
14891000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
27442000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
10624000 | ||
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-4218000 | ||
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-6487000 | ||
us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
2875000 | ||
us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
-8715000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-791704000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-526202000 | ||
us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
-8512000 | ||
us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
-108382000 | ||
us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
551654000 | ||
us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
62224000 | ||
pmt |
Proceeds From Sale And Repayments Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleAndRepaymentsOfMortgageBackedSecuritiesMbsAtFairValue
|
172470000 | ||
pmt |
Proceeds From Sale And Repayments Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleAndRepaymentsOfMortgageBackedSecuritiesMbsAtFairValue
|
52520000 | ||
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
0 | ||
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
241981000 | ||
us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
516507000 | ||
us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
215630000 | ||
pmt |
Payments To Purchase Excess Servicing Spread
PaymentsToPurchaseExcessServicingSpread
|
0 | ||
pmt |
Payments To Purchase Excess Servicing Spread
PaymentsToPurchaseExcessServicingSpread
|
271452000 | ||
pmt |
Repayments Of Excess Servicing Spread Investment
RepaymentsOfExcessServicingSpreadInvestment
|
54623000 | ||
pmt |
Repayments Of Excess Servicing Spread Investment
RepaymentsOfExcessServicingSpreadInvestment
|
55800000 | ||
pmt |
Proceeds From The Sale Of Excess Servicing Spread
ProceedsFromTheSaleOfExcessServicingSpread
|
59045000 | ||
pmt |
Proceeds From The Sale Of Excess Servicing Spread
ProceedsFromTheSaleOfExcessServicingSpread
|
0 | ||
us-gaap |
Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
|
6077000 | ||
us-gaap |
Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
|
8766000 | ||
us-gaap |
Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
|
891000 | ||
us-gaap |
Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
|
1466000 | ||
pmt |
Proceeds From Sale Of Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfRealEstateAcquiredInSettlementOfLoans
|
180416000 | ||
pmt |
Proceeds From Sale Of Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfRealEstateAcquiredInSettlementOfLoans
|
174784000 | ||
us-gaap |
Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
|
2602000 | ||
us-gaap |
Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
|
0 | ||
us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
106000 | ||
us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
392000 | ||
pmt |
Deposits Of Cash Securing Credit Risk Transfer Agreements
DepositsOfCashSecuringCreditRiskTransferAgreements
|
282434000 | ||
pmt |
Deposits Of Cash Securing Credit Risk Transfer Agreements
DepositsOfCashSecuringCreditRiskTransferAgreements
|
87891000 | ||
pmt |
Distributions From Credit Risk Transfer Agreements
DistributionsFromCreditRiskTransferAgreements
|
14358000 | ||
pmt |
Distributions From Credit Risk Transfer Agreements
DistributionsFromCreditRiskTransferAgreements
|
0 | ||
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
3017000 | ||
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-1438000 | ||
us-gaap |
Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
|
225000 | ||
us-gaap |
Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
|
7330000 | ||
us-gaap |
Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
|
7320000 | ||
us-gaap |
Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
|
0 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
168239000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-69232000 | ||
pmt |
Proceeds From Sale Of Assets Under Agreements To Repurchase
ProceedsFromSaleOfAssetsUnderAgreementsToRepurchase
|
48753454000 | ||
pmt |
Proceeds From Sale Of Mortgage Loan Participation Certificates
ProceedsFromSaleOfMortgageLoanParticipationCertificates
|
4955742000 | ||
pmt |
Proceeds From Sale Of Mortgage Loan Participation Certificates
ProceedsFromSaleOfMortgageLoanParticipationCertificates
|
3613090000 | ||
pmt |
Proceeds From Credit Risk Transfer
ProceedsFromCreditRiskTransfer
|
0 | ||
pmt |
Proceeds From Credit Risk Transfer
ProceedsFromCreditRiskTransfer
|
1204187000 | ||
pmt |
Repayments Of Credit Risk Transfer
RepaymentsOfCreditRiskTransfer
|
0 | ||
pmt |
Repayments Of Credit Risk Transfer
RepaymentsOfCreditRiskTransfer
|
1204187000 | ||
us-gaap |
Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
|
28000000 | ||
us-gaap |
Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
|
461484000 | ||
us-gaap |
Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
|
211000000 | ||
us-gaap |
Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
|
278484000 | ||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
103554000 | ||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
346179000 | ||
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
143518000 | ||
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
153765000 | ||
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | ||
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
168546000 | ||
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | ||
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
18546000 | ||
pmt |
Proceeds From Sale Of Asset Backed Secured Financing
ProceedsFromSaleOfAssetBackedSecuredFinancing
|
182400000 | ||
pmt |
Proceeds From Sale Of Asset Backed Secured Financing
ProceedsFromSaleOfAssetBackedSecuredFinancing
|
85206000 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
53641000 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
15590000 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
8464000 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
8436000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
93429000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
15955000 | ||
pmt |
Payment Of Contingent Underwriting Fees
PaymentOfContingentUnderwritingFees
|
0 | ||
pmt |
Payment Of Contingent Underwriting Fees
PaymentOfContingentUnderwritingFees
|
705000 | ||
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
99757000 | ||
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
138041000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
704425000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
608351000 | ||
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
80960000 | ||
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
12917000 | ||
CY2014Q4 | us-gaap |
Cash
Cash
|
76386000 | |
CY2015Q3 | us-gaap |
Cash
Cash
|
89303000 | |
us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 32—Recently Issued Accounting Pronouncements</p> <p style="margin-top:12pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">In May 2014, the FASB issued ASU 2014-09, <font style="font-style:italic;">Revenue from Contracts with Customers (Subtopic 606)</font> (“ASU 2014-09”), which supersedes the guidance in ASC 605, <font style="font-style:italic;">Revenue Recognition</font>. ASU 2014-09 clarifies the principles for recognizing revenue in order to improve comparability of revenue recognition practices across entities and industries with certain scope exceptions including financial instruments, leases, and guarantees. ASU 2014-09 provides guidance intended to assist in the identification of contracts with customers and separate performance obligations within those contracts, the determination and allocation of the transaction price to those identified performance obligations and the recognition of revenue when a performance obligation has been satisfied. ASU 2014-09 also requires disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from contracts with customers.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Upon adoption, ASU 2014-09 provides for transition through either a full retrospective approach requiring the restatement of all presented prior periods or a modified retrospective approach, which allows the new recognition standard to be applied to only those contracts that are not completed at the date of transition. If the modified retrospective approach is adopted, a cumulative-effect adjustment to retained earnings is performed with additional disclosures required including the amount by which each line item is affected by the transition as compared to the guidance in effect before adoption and an explanation of the reasons for significant changes in these amounts.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The FASB has issued several amendments to the new revenue standard ASU 2014-09, including:</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2014, ASU 2015-14, <font style="font-style:italic;">Revenue From Contracts With Customers (“ASU 2015-14”)</font>. This update deferred the initial effective date of ASU 2014-09. As a result of the issuance of ASU 2015-14, ASU 2014-09 is effective for annual reporting periods beginning on or after December 15, 2017, and interim periods within those annual periods. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2015, ASU 2016-08, <font style="font-style:italic;">Principal Versus Agent Considerations (Reporting Revenue Gross versus Net)</font>. The amendments to this update are intended to improve the implementation guidance on principal versus agent considerations in ASU 2014-09 by clarifying how an entity should identify the unit of accounting (i.e. the specified good or service) and how an entity should apply the control principle to certain types of arrangements.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2016, ASU 2016-12, <font style="font-style:italic;">Narrow-Scope Improvements and Practical Expedients</font>. The amendments to this update clarify certain core recognition principles and provide practical expedients available at transition. The improvements address collectability, sales tax presentation, noncash consideration, contract modifications and completed contracts at transition.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is currently evaluating the pending adoption of ASU 2014-09 and its impact on its consolidated financial statements and has not yet identified which transition method will be applied upon adoption.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2015, the FASB issued <font style="font-style:italic;">ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis</font> (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company adopted ASU 2015-02 effective January 1, 2016. The adoption of ASU 2015-02 had no effect on the Company’s consolidated financial statements.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In January 2016, the FASB issued ASU 2016-01, <font style="font-style:italic;">Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities</font> (“ASU 2016-01”). ASU 2016-01 affects the accounting for equity investments, financial liabilities under the fair value option, the presentation and disclosure requirements for financial instruments, and the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ASU 2016-01 requires that:</p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">All equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) with readily determinable fair values will generally be measured at fair value through earnings.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">When the fair value option has been elected for financial liabilities, changes in fair value due to instrument-specific credit risk will be recognized separately in other comprehensive income. The accumulated gains and losses due to these changes will be reclassified from accumulated other comprehensive income to earnings if the financial liability is settled before maturity.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For financial instruments measured at amortized cost, public business entities will be required to use the exit price when measuring the fair value of financial instruments for disclosure purposes.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial assets and financial liabilities shall be presented separately in the notes to the financial statements, grouped by measurement category (e.g., fair value, amortized cost, lower of cost or fair value) and form of financial asset (e.g., loans, securities).</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Public business entities will no longer be required to disclose the methods and significant assumptions used to estimate the fair value of financial instruments carried at amortized cost.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Entities will have to assess the realizability of a deferred tax asset related to a debt security classified as available for sale in combination with the entity’s other deferred tax assets.</p></td></tr></table></div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The classification and measurement guidance will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income is permitted and can be elected for all financial statements of fiscal years and interim periods that have not yet been issued or that have not yet been made available for issuance. The Company is currently assessing the potential effect that the adoption of ASU 2016-01 will have on its consolidated financial statements.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2016, The FASB issued ASU 2016-09, <font style="font-style:italic;">Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting</font> (“ASU 2016-09”). ASU 2016-09 simplifies several aspects of the accounting for share-based payment award transactions, including:</p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Modifies the accounting for income taxes relating to share-based payments. All excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) will be recognized as income tax expense or benefit in the consolidated statement of income. The tax effects of exercised or vested awards will be treated as discrete items in the reporting period in which they occur. An entity will recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Under current GAAP, excess tax benefits are recognized in additional paid-in capital; tax deficiencies are recognized either as an offset to accumulated excess tax benefits, if any, or in the consolidated statement of income in the period they reduce income taxes payable.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Changes the classification of excess tax benefits on the consolidated statement of cash flows. In the consolidated statement of cash flows, excess tax benefits will be classified along with other income tax cash flows as an operating activity. Under current GAAP, excess tax benefits are separated from other income tax cash flows and classified as a financing activity.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Changes the requirement to estimate the number of awards that are expected to vest. Under ASC 2016-09, an entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest as presently required or account for forfeitures when they occur. Under current GAAP, accruals of compensation cost are based on the number of awards that are expected to vest.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Changes the tax withholding requirements for share-based payment awards to qualify for equity accounting. The threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates in the applicable jurisdictions. Under current GAAP, for an award to qualify for equity classification is that an entity cannot partially settle the award in cash in excess of the employer’s minimum statutory withholding requirements.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Establishes GAAP for the classification of employee taxes paid when an employer withholds shares for tax withholding purposes. Cash paid by an employer when directly withholding shares for tax- withholding purposes should be classified as a financing activity. This guidance establishes GAAP related to the classification of withholding taxes in the statement of cash flows as there is no such guidance under current GAAP.</p></td></tr></table></div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any organization in any interim or annual period. The Company is currently assessing the potential effect that the adoption of ASU 2016-09 will have on its consolidated financial statements.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In August 2014, the FASB issued ASU 2014-15, <font style="font-style:italic;">Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern</font> (“ASU 2014-15”). ASU 2014-15 is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Under GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. Financial reporting under this presumption is commonly referred to as the going concern basis of accounting. The going concern basis of accounting establishes the fundamental basis for measuring and classifying assets and liabilities.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ASU 2014-15 extends the responsibility for performing the going-concern assessment to management and contains guidance on (1) how to perform a going-concern assessment and (2) when going-concern disclosures are required under GAAP. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Under ASU 2014-15, an entity would be required to evaluate its status as a going concern as part of its periodic financial statement preparation process and would be required to disclose information about its potential inability to continue as a going concern when “substantial doubt” about its ability to continue as a going concern for the period of one year from the earlier of the date its financial statements are issued or are ready to be issued.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If management concludes that there is “substantial doubt about the entity’s ability to continue as a going concern,” it must disclose the principal conditions or events causing substantial doubt to be raised, management’s evaluation of the conditions and management’s plans. If substantial doubt is not alleviated as a result of management’s plans, the entity is required to include a statement that there is “substantial doubt about the entity’s ability to continue as a going concern.” ASU 2014-15 also requires an entity to disclose how the substantial doubt was resolved in the period that substantial doubt no longer exists.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ASU 2014-15 is effective for the annual period ending December 31, 2016. The requirements of ASU 2014-15 are not expected to have an effect on the financial statements of the Company upon adoption.</p></div> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
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<div> <p style="margin-top:12pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Due to the nature of the Company’s investments, PMT is exposed, to a greater extent than traditional mortgage investors, to the risks associated with loan resolution, including that borrowers may be in economic distress and/or may have become unemployed, bankrupt or otherwise unable or unwilling to make payments when due, and that fluctuations in the residential real estate market may affect the performance of its investments. Factors influencing these risks include, but are not limited to:</p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">changes in the overall economy, unemployment rates and residential real estate values in the markets where the properties securing the Company’s mortgage loans are located;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">PCM’s ability to identify and PLS’ ability to execute optimal resolutions of certain mortgage loans;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the accuracy of valuation information obtained during the Company’s due diligence activities;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">PCM’s ability to effectively model, and to develop appropriate model inputs that properly anticipate, future outcomes;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the level of government support for resolution of certain mortgage loans and the effect of current and future proposed and enacted legislative and regulatory changes on the Company’s ability to effect cures or resolutions to distressed mortgage loans; and</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">regulatory, judicial and legislative support of the foreclosure process, and the resulting effect on the Company’s ability to acquire and liquidate the real estate securing its portfolio of distressed mortgage loans in a timely manner or at all.</p></td></tr></table></div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Due to these uncertainties, there can be no assurance that risk management activities identified and executed on PMT’s behalf will prevent significant losses arising from the Company’s investments in real estate-related assets.</p></div> | ||
us-gaap |
Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
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<div> <p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Following is a summary of maturities of outstanding assets sold under agreements to repurchase by facility maturity date:</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:60%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:71%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Remaining Maturity at September 30, 2016</font></p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.36%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.62%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Contractual balance</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:71%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.36%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.62%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(in thousands)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="top" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:71%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Within 30 days</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.36%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.62%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">453,172</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:71%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Over 30 to 90 days</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.36%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.62%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,675,330</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="top" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:71%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Over 90 days to 180 days</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.36%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.62%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">657,097</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:71%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Over 180 days to 1 year</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.36%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.62%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,028,229</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="top" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:71%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Over 1 year to 2 years</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.36%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.62%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">228,322</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:71%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.36%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.62%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,042,150</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="top" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:71%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average maturity (in months)</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.36%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.62%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.3</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p></div> | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | ||
pmt |
Reit Qualification Threshold Percentage Of Taxable Income For Distribution
ReitQualificationThresholdPercentageOfTaxableIncomeForDistribution
|
0.90 | ||
CY2016Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
341000 | |
CY2015Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
361000 | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1026000 | ||
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1352000 | ||
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
35067000 | |
CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
38451000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
43611000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
73039000 | ||
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
35067000 | |
CY2015Q3 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
38451000 | |
us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
43611000 | ||
us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
73039000 | ||
CY2016Q3 | us-gaap |
Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
|
-533775000 | |
CY2016Q3 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
2181000 | |
CY2015Q3 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
2123000 | |
us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
0 | ||
us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
6364000 | ||
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
37248000 | |
CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
40574000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
43611000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
79403000 | ||
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
308000 | |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
316000 | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
397000 | ||
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
8467000 | |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
8414000 | |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | ||
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
8414000 | ||
CY2016Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
62422000 | |
CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
13385000 | |
CY2016Q3 | pmt |
Derivative Asset Netting
DerivativeAssetNetting
|
17648000 | |
CY2015Q4 | pmt |
Derivative Asset Netting
DerivativeAssetNetting
|
3300000 | |
CY2016Q3 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
|
0 | |
CY2016Q3 | us-gaap |
Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
|
0 | |
CY2016Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
44774000 | |
CY2015Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
|
0 | |
CY2015Q4 | us-gaap |
Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
|
0 | |
CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
10085000 | |
CY2016Q3 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
|
4062522000 | |
CY2016Q3 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
|
19817000 | |
CY2016Q3 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
|
4042705000 | |
CY2015Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
|
3135915000 | |
CY2015Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
|
3978000 | |
CY2015Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
|
3131937000 | |
CY2016Q3 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
|
4041085000 | |
CY2016Q3 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
|
0 | |
CY2016Q3 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
|
1620000 | |
CY2015Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
|
3128780000 | |
CY2015Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
|
0 | |
CY2015Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
|
3157000 | |
CY2016Q3 | us-gaap |
Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
|
2490892000 | |
CY2015Q4 | us-gaap |
Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
|
3292043000 | |
CY2016Q3 | pmt |
Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
|
1957117000 | |
CY2015Q4 | pmt |
Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
|
2555788000 | |
pmt |
Mortgage Loans Description
MortgageLoansDescription
|
Note interest rate pools of 50 basis points | ||
pmt |
Basis Point For Mortgage Loan
BasisPointForMortgageLoan
|
0.0050 | ||
CY2016Q3 | us-gaap |
Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
|
239500000 | |
CY2015Q4 | us-gaap |
Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
|
230000000 | |
CY2015Q3 | pmt |
Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
|
5674000 | |
CY2016Q3 | pmt |
Services Fee Annual Rate
ServicesFeeAnnualRate
|
0.0025 | |
CY2015Q3 | pmt |
Services Fee Annual Rate
ServicesFeeAnnualRate
|
0.0025 | |
CY2016Q3 | us-gaap |
Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
|
76567000 | |
CY2015Q3 | us-gaap |
Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
|
47140000 | |
CY2016Q3 | pmt |
Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
|
6532562000 | |
CY2015Q3 | pmt |
Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
|
3512016000 | |
CY2016Q3 | pmt |
Percentage Of Amortized Cost
PercentageOfAmortizedCost
|
0.0025 | |
CY2015Q3 | pmt |
Percentage Of Amortized Cost
PercentageOfAmortizedCost
|
0.0025 | |
us-gaap |
Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
|
167691000 | ||
us-gaap |
Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
|
103281000 | ||
pmt |
Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
|
14139102000 | ||
pmt |
Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
|
9140782000 | ||
pmt |
Percentage Of Amortized Cost
PercentageOfAmortizedCost
|
0.0025 | ||
pmt |
Percentage Of Amortized Cost
PercentageOfAmortizedCost
|
0.0025 | ||
pmt |
Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
|
9169000 | ||
pmt |
Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
|
647976000 | ||
pmt |
Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
|
978951000 | ||
pmt |
Services Fee Annual Rate
ServicesFeeAnnualRate
|
0.0026 | ||
pmt |
Services Fee Annual Rate
ServicesFeeAnnualRate
|
0.0025 | ||
CY2016Q3 | pmt |
Fair Value Unpaid Principal Of Underlying Loans Balance
FairValueUnpaidPrincipalOfUnderlyingLoansBalance
|
6097652000 | |
CY2015Q4 | pmt |
Fair Value Unpaid Principal Of Underlying Loans Balance
FairValueUnpaidPrincipalOfUnderlyingLoansBalance
|
6458684000 | |
CY2016Q3 | pmt |
Annual Service Fee Rate
AnnualServiceFeeRate
|
0.0025 | |
CY2015Q4 | pmt |
Annual Service Fee Rate
AnnualServiceFeeRate
|
0.0025 | |
pmt |
Fair Value Weighted Average Coupon Interest Rate
FairValueWeightedAverageCouponInterestRate
|
0.047 | ||
CY2015 | pmt |
Fair Value Weighted Average Coupon Interest Rate
FairValueWeightedAverageCouponInterestRate
|
0.047 | |
CY2016Q3 | us-gaap |
Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
|
468686000 | |
CY2015Q4 | us-gaap |
Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
|
393157000 | |
pmt |
Amortized Cost Unpaid Principal Balance Of Underlying Loans Period End
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoansPeriodEnd
|
44810667000 | ||
CY2015 | pmt |
Amortized Cost Unpaid Principal Balance Of Underlying Loans Period End
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoansPeriodEnd
|
35841654000 | |
pmt |
Weighted Average Servicing Fee Rate Amortized Cost
WeightedAverageServicingFeeRateAmortizedCost
|
0.0025 | ||
CY2015 | pmt |
Weighted Average Servicing Fee Rate Amortized Cost
WeightedAverageServicingFeeRateAmortizedCost
|
0.0026 | |
pmt |
Amortized Cost Weighted Average Coupon Interest Rate
AmortizedCostWeightedAverageCouponInterestRate
|
0.038 | ||
CY2015 | pmt |
Amortized Cost Weighted Average Coupon Interest Rate
AmortizedCostWeightedAverageCouponInterestRate
|
0.039 | |
CY2016Q3 | pmt |
Pledged Financial Instruments Not Separately Reported And Assets Separately Reported On Statement At Fair Value
PledgedFinancialInstrumentsNotSeparatelyReportedAndAssetsSeparatelyReportedOnStatementAtFairValue
|
2018292000 | |
CY2015Q4 | pmt |
Pledged Financial Instruments Not Separately Reported And Assets Separately Reported On Statement At Fair Value
PledgedFinancialInstrumentsNotSeparatelyReportedAndAssetsSeparatelyReportedOnStatementAtFairValue
|
1268455000 | |
pmt |
Sourcing Fee On Average Days Held Mortgage Loans
SourcingFeeOnAverageDaysHeldMortgageLoans
|
0.00005 | ||
CY2016Q3 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
17648000 | |
CY2015Q4 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
3300000 | |
CY2016Q3 | pmt |
Margin Deposit Assets Liabilities
MarginDepositAssetsLiabilities
|
2169000 | |
CY2016Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
21437000 | |
CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
7135000 | |
CY2016Q3 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
19817000 | |
CY2015Q4 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
3978000 | |
CY2016Q3 | pmt |
Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
|
2490892000 | |
CY2015Q4 | pmt |
Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
|
3292043000 | |
CY2016Q3 | pmt |
Mortgage Loans At Fair Value Held By Variable Interest Entity And Federal Home Loan Bank Advances
MortgageLoansAtFairValueHeldByVariableInterestEntityAndFederalHomeLoanBankAdvances
|
397740000 | |
CY2015Q4 | pmt |
Mortgage Loans At Fair Value Held By Variable Interest Entity And Federal Home Loan Bank Advances
MortgageLoansAtFairValueHeldByVariableInterestEntityAndFederalHomeLoanBankAdvances
|
455394000 | |
CY2016Q3 | pmt |
Percentage Of Mortgage Loan Portfolio
PercentageOfMortgageLoanPortfolio
|
0.71 | |
CY2015Q4 | pmt |
Percentage Of Mortgage Loan Portfolio
PercentageOfMortgageLoanPortfolio
|
0.72 | |
CY2016Q3 | pmt |
Percentage Of Fair Value Mortgage Loan Portfolio
PercentageOfFairValueMortgageLoanPortfolio
|
0.41 | |
CY2015Q4 | pmt |
Percentage Of Fair Value Mortgage Loan Portfolio
PercentageOfFairValueMortgageLoanPortfolio
|
0.48 | |
CY2016Q3 | pmt |
Ratio Of Loans With Unpaid Principal Balance To Current Property Value
RatioOfLoansWithUnpaidPrincipalBalanceToCurrentPropertyValue
|
1.00 | |
CY2015Q4 | pmt |
Ratio Of Loans With Unpaid Principal Balance To Current Property Value
RatioOfLoansWithUnpaidPrincipalBalanceToCurrentPropertyValue
|
1.00 | |
CY2016Q3 | pmt |
Percentage Of Estimated Fair Value Of Mortgage Loans Originated
PercentageOfEstimatedFairValueOfMortgageLoansOriginated
|
0.05 | |
CY2015Q4 | pmt |
Percentage Of Estimated Fair Value Of Mortgage Loans Originated
PercentageOfEstimatedFairValueOfMortgageLoansOriginated
|
0.05 | |
CY2016Q2 | us-gaap |
Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
|
299458000 | |
CY2015Q2 | us-gaap |
Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
|
324278000 | |
CY2014Q4 | us-gaap |
Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
|
303228000 | |
CY2016Q3 | pmt |
Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
|
42300000 | |
CY2015Q3 | pmt |
Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
|
82405000 | |
pmt |
Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
|
156352000 | ||
pmt |
Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
|
240483000 | ||
CY2016Q3 | us-gaap |
Transfer Of Other Real Estate
TransferOfOtherRealEstate
|
5282000 | |
CY2015Q3 | us-gaap |
Transfer Of Other Real Estate
TransferOfOtherRealEstate
|
2212000 | |
us-gaap |
Transfer Of Other Real Estate
TransferOfOtherRealEstate
|
17548000 | ||
us-gaap |
Transfer Of Other Real Estate
TransferOfOtherRealEstate
|
3505000 | ||
CY2016Q3 | us-gaap |
Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
|
7888000 | |
CY2015Q3 | us-gaap |
Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
|
8734000 | |
us-gaap |
Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
|
25816000 | ||
us-gaap |
Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
|
26740000 | ||
CY2016Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
-4603000 | |
CY2015Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
-4513000 | |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
-13930000 | ||
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
-14881000 | ||
CY2016Q3 | pmt |
Gains Losses Real Estate Owned Net
GainsLossesRealEstateOwnedNet
|
3285000 | |
CY2015Q3 | pmt |
Gains Losses Real Estate Owned Net
GainsLossesRealEstateOwnedNet
|
4221000 | |
pmt |
Gains Losses Real Estate Owned Net
GainsLossesRealEstateOwnedNet
|
11886000 | ||
pmt |
Gains Losses Real Estate Owned Net
GainsLossesRealEstateOwnedNet
|
11859000 | ||
CY2016Q3 | us-gaap |
Sales Of Real Estate
SalesOfRealEstate
|
44843000 | |
CY2015Q3 | us-gaap |
Sales Of Real Estate
SalesOfRealEstate
|
46687000 | |
us-gaap |
Sales Of Real Estate
SalesOfRealEstate
|
180416000 | ||
us-gaap |
Sales Of Real Estate
SalesOfRealEstate
|
174784000 | ||
CY2015Q3 | us-gaap |
Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
|
353563000 | |
CY2016Q3 | pmt |
Real Estate Acquired Through Foreclosure Pledged To Secure Borrowings
RealEstateAcquiredThroughForeclosurePledgedToSecureBorrowings
|
56037000 | |
CY2015Q3 | pmt |
Real Estate Acquired Through Foreclosure Pledged To Secure Borrowings
RealEstateAcquiredThroughForeclosurePledgedToSecureBorrowings
|
280045000 | |
CY2016Q3 | pmt |
Real Estate Owned Held In Subsidiary For Financing Purposes
RealEstateOwnedHeldInSubsidiaryForFinancingPurposes
|
165116000 | |
CY2016Q3 | us-gaap |
Pledged Assets Separately Reported Real Estate Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue
|
221153000 | |
CY2015Q3 | us-gaap |
Pledged Assets Separately Reported Real Estate Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue
|
280045000 | |
CY2016Q2 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
57977000 | |
CY2015Q2 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
57343000 | |
CY2014Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
57358000 | |
CY2016Q3 | pmt |
Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
|
0 | |
CY2015Q3 | pmt |
Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
|
0 | |
pmt |
Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
|
2602000 | ||
pmt |
Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
|
0 | ||
pmt |
Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
|
6215000 | ||
CY2016Q3 | us-gaap |
Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
|
-883000 | |
CY2015Q3 | us-gaap |
Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
|
-3418000 | |
us-gaap |
Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
|
-12343000 | ||
us-gaap |
Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
|
-3525000 | ||
CY2016Q3 | us-gaap |
Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
|
-2319000 | |
CY2015Q3 | us-gaap |
Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
|
-1848000 | |
us-gaap |
Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
|
-7215000 | ||
us-gaap |
Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
|
-5251000 | ||
CY2016Q3 | us-gaap |
Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
-3202000 | |
CY2015Q3 | us-gaap |
Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
-5266000 | |
us-gaap |
Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
-19558000 | ||
us-gaap |
Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
-8776000 | ||
CY2016Q3 | pmt |
Fair Value Of Mortgage Servicing Rights Pledged To Secure Note Payable
FairValueOfMortgageServicingRightsPledgedToSecureNotePayable
|
55843000 | |
CY2015Q3 | pmt |
Fair Value Of Mortgage Servicing Rights Pledged To Secure Note Payable
FairValueOfMortgageServicingRightsPledgedToSecureNotePayable
|
57751000 | |
CY2016Q2 | pmt |
Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
|
465301000 | |
CY2015Q2 | pmt |
Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
|
344405000 | |
CY2015Q4 | pmt |
Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
|
404101000 | |
CY2014Q4 | pmt |
Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
|
308137000 | |
CY2016Q3 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
17902000 | |
CY2015Q3 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
11333000 | |
us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
47720000 | ||
us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
30913000 | ||
CY2016Q3 | pmt |
Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
SalesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
|
0 | |
CY2015Q3 | pmt |
Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
SalesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
|
12000 | |
pmt |
Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
SalesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
|
106000 | ||
pmt |
Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
SalesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
|
305000 | ||
CY2016Q3 | pmt |
Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
|
523966000 | |
CY2015Q3 | pmt |
Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
|
380200000 | |
CY2016Q2 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
|
51820000 | |
CY2015Q2 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
|
7011000 | |
CY2015Q4 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
|
10944000 | |
CY2014Q4 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
|
7714000 | |
CY2016Q3 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
|
3460000 | |
CY2015Q3 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
|
7845000 | |
us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
|
44336000 | ||
us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
|
7142000 | ||
CY2016Q3 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
|
55280000 | |
CY2015Q3 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
|
14856000 | |
CY2015Q3 | us-gaap |
Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
|
365344000 | |
CY2016Q2 | us-gaap |
Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
|
417094000 | |
CY2015Q2 | us-gaap |
Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
|
362908000 | |
CY2015Q4 | us-gaap |
Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
|
424154000 | |
CY2014Q4 | us-gaap |
Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
|
322230000 | |
CY2016Q3 | us-gaap |
Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
|
472790000 | |
CY2015Q3 | us-gaap |
Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
|
386539000 | |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
71532000 | |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
|
62271000 | |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
|
54538000 | |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
|
47902000 | |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
|
42070000 | |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
|
245653000 | |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
523966000 | |
CY2016Q3 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
32724000 | |
CY2015Q3 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
24394000 | |
us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
90494000 | ||
us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
70471000 | ||
CY2016Q3 | us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
148000 | |
CY2015Q3 | us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
218000 | |
us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
421000 | ||
us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
218000 | ||
CY2016Q3 | us-gaap |
Fees And Commissions Other
FeesAndCommissionsOther
|
1432000 | |
CY2015Q3 | us-gaap |
Fees And Commissions Other
FeesAndCommissionsOther
|
888000 | |
us-gaap |
Fees And Commissions Other
FeesAndCommissionsOther
|
3839000 | ||
us-gaap |
Fees And Commissions Other
FeesAndCommissionsOther
|
3327000 | ||
CY2016Q3 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
34304000 | |
CY2015Q3 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
25500000 | |
us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
94754000 | ||
us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
74016000 | ||
CY2016Q3 | pmt |
Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
|
0.0226 | |
CY2015Q3 | pmt |
Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
|
0.0230 | |
pmt |
Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
|
0.0219 | ||
pmt |
Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
|
0.0227 | ||
CY2016Q3 | pmt |
Assets Sold Under Agreements To Repurchase Average Balance
AssetsSoldUnderAgreementsToRepurchaseAverageBalance
|
3538720000 | |
CY2015Q3 | pmt |
Assets Sold Under Agreements To Repurchase Average Balance
AssetsSoldUnderAgreementsToRepurchaseAverageBalance
|
3252341000 | |
CY2016Q3 | us-gaap |
Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
|
23751000 | |
CY2015Q3 | us-gaap |
Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
|
21350000 | |
us-gaap |
Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
|
66217000 | ||
us-gaap |
Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
|
60470000 | ||
CY2016Q3 | pmt |
Asset Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
AssetSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
|
4824044000 | |
CY2015Q3 | pmt |
Asset Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
AssetSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
|
4160814000 | |
pmt |
Asset Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
AssetSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
|
5221997000 | ||
pmt |
Asset Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
AssetSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
|
4612001000 | ||
CY2016Q3 | pmt |
Assets Sold Under Agreements To Repurchase
AssetsSoldUnderAgreementsToRepurchase
|
4042150000 | |
CY2015Q4 | pmt |
Assets Sold Under Agreements To Repurchase
AssetsSoldUnderAgreementsToRepurchase
|
3130328000 | |
pmt |
Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
|
0.0227 | ||
CY2015 | pmt |
Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
|
0.0233 | |
pmt |
Assets Sold Under Agreements Available Borrowing Capacity Committed
AssetsSoldUnderAgreementsAvailableBorrowingCapacityCommitted
|
150469000 | ||
CY2015 | pmt |
Assets Sold Under Agreements Available Borrowing Capacity Committed
AssetsSoldUnderAgreementsAvailableBorrowingCapacityCommitted
|
231913000 | |
pmt |
Securities Sold Under Agreements Available Borrowing Capacity Uncommitted
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityUncommitted
|
860382000 | ||
CY2015 | pmt |
Securities Sold Under Agreements Available Borrowing Capacity Uncommitted
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityUncommitted
|
661756000 | |
pmt |
Securities Sold Under Agreements Available Borrowing Capacity
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacity
|
1010851000 | ||
CY2015 | pmt |
Securities Sold Under Agreements Available Borrowing Capacity
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacity
|
893669000 | |
CY2016Q3 | us-gaap |
Good Faith And Margin Deposits With Broker Dealers
GoodFaithAndMarginDepositsWithBrokerDealers
|
13443000 | |
CY2015Q4 | us-gaap |
Good Faith And Margin Deposits With Broker Dealers
GoodFaithAndMarginDepositsWithBrokerDealers
|
7268000 | |
CY2016Q3 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
4042150000 | |
pmt |
Repurchase Agreements Weighted Average Maturity Period
RepurchaseAgreementsWeightedAverageMaturityPeriod
|
P4M9D | ||
CY2016Q3 | us-gaap |
Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
|
11223000 | |
pmt |
Securities Sold Under Agreements To Repurchase Maturity Date
SecuritiesSoldUnderAgreementsToRepurchaseMaturityDate
|
2016-12-02 | ||
pmt |
Mortgage Loans At Fair Value Sold Under Agreements Maturity
MortgageLoansAtFairValueSoldUnderAgreementsMaturity
|
2016-12-02 | ||
CY2015Q3 | pmt |
Federal Home Loan Bank Advances Weighted Average Interest Rate During Period
FederalHomeLoanBankAdvancesWeightedAverageInterestRateDuringPeriod
|
0.0027 | |
pmt |
Federal Home Loan Bank Advances Weighted Average Interest Rate During Period
FederalHomeLoanBankAdvancesWeightedAverageInterestRateDuringPeriod
|
0.0049 | ||
pmt |
Federal Home Loan Bank Advances Weighted Average Interest Rate During Period
FederalHomeLoanBankAdvancesWeightedAverageInterestRateDuringPeriod
|
0.0027 | ||
CY2015Q3 | us-gaap |
Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
|
170902000 | |
us-gaap |
Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
|
32560000 | ||
us-gaap |
Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
|
58100000 | ||
CY2015Q3 | us-gaap |
Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
|
117000 | |
us-gaap |
Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
|
122000 | ||
us-gaap |
Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
|
119000 | ||
CY2015Q3 | pmt |
Federal Home Loan Bank Advances Activity For Year Maximum Daily Amount Outstanding
FederalHomeLoanBankAdvancesActivityForYearMaximumDailyAmountOutstanding
|
188834000 | |
CY2016Q3 | pmt |
Federal Home Loan Bank Advances Activity For Year Maximum Daily Amount Outstanding
FederalHomeLoanBankAdvancesActivityForYearMaximumDailyAmountOutstanding
|
201130000 | |
CY2015 | pmt |
Federal Home Loan Bank Advances Weighted Average Interest Rate During Period
FederalHomeLoanBankAdvancesWeightedAverageInterestRateDuringPeriod
|
0.0030 | |
CY2015Q4 | us-gaap |
Pledged Assets Separately Reported Securities Pledged For Federal Home Loan Bank At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForFederalHomeLoanBankAtFairValue
|
8720000 | |
CY2015Q4 | us-gaap |
Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
|
63993000 | |
CY2015Q4 | us-gaap |
Pledged Assets Separately Reported Loans Pledged For Federal Home Loan Bank At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForFederalHomeLoanBankAtFairValue
|
134172000 | |
CY2016Q3 | pmt |
Note Payable Weighted Average Interest Rate During Period
NotePayableWeightedAverageInterestRateDuringPeriod
|
0.0476 | |
CY2015Q3 | pmt |
Note Payable Weighted Average Interest Rate During Period
NotePayableWeightedAverageInterestRateDuringPeriod
|
0.0425 | |
pmt |
Note Payable Weighted Average Interest Rate During Period
NotePayableWeightedAverageInterestRateDuringPeriod
|
0.0468 | ||
pmt |
Note Payable Weighted Average Interest Rate During Period
NotePayableWeightedAverageInterestRateDuringPeriod
|
0.0424 | ||
CY2016Q3 | pmt |
Note Payable Average Balance During Period
NotePayableAverageBalanceDuringPeriod
|
170907000 | |
CY2015Q3 | pmt |
Note Payable Average Balance During Period
NotePayableAverageBalanceDuringPeriod
|
195030000 | |
pmt |
Note Payable Average Balance During Period
NotePayableAverageBalanceDuringPeriod
|
190878000 | ||
pmt |
Note Payable Average Balance During Period
NotePayableAverageBalanceDuringPeriod
|
85907000 | ||
CY2016Q3 | pmt |
Note Payable Interest Expense During Period
NotePayableInterestExpenseDuringPeriod
|
2883000 | |
pmt |
Note Payable Interest Expense During Period
NotePayableInterestExpenseDuringPeriod
|
9217000 | ||
CY2015Q3 | pmt |
Note Payable Interest Expense During Period
NotePayableInterestExpenseDuringPeriod
|
2375000 | |
CY2016Q3 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
687144000 | |
pmt |
Note Payable Interest Expense During Period
NotePayableInterestExpenseDuringPeriod
|
3369000 | ||
CY2016Q3 | pmt |
Note Payable Maximum Daily Amount Outstanding
NotePayableMaximumDailyAmountOutstanding
|
196317000 | |
CY2015Q3 | pmt |
Note Payable Maximum Daily Amount Outstanding
NotePayableMaximumDailyAmountOutstanding
|
198191000 | |
pmt |
Note Payable Maximum Daily Amount Outstanding
NotePayableMaximumDailyAmountOutstanding
|
234476000 | ||
pmt |
Note Payable Maximum Daily Amount Outstanding
NotePayableMaximumDailyAmountOutstanding
|
198191000 | ||
CY2016Q3 | pmt |
Notes Payable Gross
NotesPayableGross
|
196144000 | |
CY2015Q4 | pmt |
Notes Payable Gross
NotesPayableGross
|
236107000 | |
CY2016Q3 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
12000 | |
CY2015Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
92000 | |
pmt |
Note Payable Weighted Average Interest Rate
NotePayableWeightedAverageInterestRate
|
0.0444 | ||
CY2015 | pmt |
Note Payable Weighted Average Interest Rate
NotePayableWeightedAverageInterestRate
|
0.0453 | |
CY2016Q3 | pmt |
Mortgage Servicing Rights Secured Notes Payable
MortgageServicingRightsSecuredNotesPayable
|
524529000 | |
CY2015Q4 | pmt |
Mortgage Servicing Rights Secured Notes Payable
MortgageServicingRightsSecuredNotesPayable
|
459741000 | |
CY2016Q3 | pmt |
Convertible Debt Average Balance During Period
ConvertibleDebtAverageBalanceDuringPeriod
|
250000000 | |
CY2015Q3 | pmt |
Convertible Debt Average Balance During Period
ConvertibleDebtAverageBalanceDuringPeriod
|
250000000 | |
pmt |
Convertible Debt Average Balance During Period
ConvertibleDebtAverageBalanceDuringPeriod
|
250000000 | ||
pmt |
Convertible Debt Average Balance During Period
ConvertibleDebtAverageBalanceDuringPeriod
|
250000000 | ||
CY2016Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
250000000 | |
CY2015Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
250000000 | |
CY2016Q2 | pmt |
Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
|
19258000 | |
CY2015Q2 | pmt |
Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
|
16714000 | |
CY2014Q4 | pmt |
Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
|
14242000 | |
CY2016Q3 | pmt |
Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
|
781000 | |
CY2015Q3 | pmt |
Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
|
1833000 | |
pmt |
Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
|
2002000 | ||
pmt |
Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
|
4177000 | ||
CY2016Q3 | pmt |
Reduction In Liability Due To Change In Estimate
ReductionInLiabilityDueToChangeInEstimate
|
5098000 | |
CY2015Q3 | pmt |
Reduction In Liability Due To Change In Estimate
ReductionInLiabilityDueToChangeInEstimate
|
0 | |
pmt |
Reduction In Liability Due To Change In Estimate
ReductionInLiabilityDueToChangeInEstimate
|
6822000 | ||
pmt |
Reduction In Liability Due To Change In Estimate
ReductionInLiabilityDueToChangeInEstimate
|
0 | ||
CY2016Q3 | pmt |
Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
|
14000 | |
CY2015Q3 | pmt |
Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
|
74000 | |
pmt |
Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
|
424000 | ||
pmt |
Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
|
176000 | ||
CY2016Q3 | pmt |
Representations And Warranties Recovery
RepresentationsAndWarrantiesRecovery
|
0 | |
CY2015Q3 | pmt |
Representations And Warranties Recovery
RepresentationsAndWarrantiesRecovery
|
0 | |
pmt |
Representations And Warranties Recovery
RepresentationsAndWarrantiesRecovery
|
0 | ||
pmt |
Representations And Warranties Recovery
RepresentationsAndWarrantiesRecovery
|
230000 | ||
CY2016Q3 | pmt |
Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Mortgage Loans Subject To Representations And Warranties
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfMortgageLoansSubjectToRepresentationsAndWarranties
|
50167783000 | |
CY2015Q3 | pmt |
Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Mortgage Loans Subject To Representations And Warranties
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfMortgageLoansSubjectToRepresentationsAndWarranties
|
39730788000 | |
CY2016Q3 | pmt |
Mortgage Loans Acquired For Sale Outstanding Contractual Purchase Commitments
MortgageLoansAcquiredForSaleOutstandingContractualPurchaseCommitments
|
2431253000 | |
CY2016Q3 | pmt |
Deposits Securing Credit Risk Transfer Agreements Outstanding Contractual Fund Commitments
DepositsSecuringCreditRiskTransferAgreementsOutstandingContractualFundCommitments
|
35106000 | |
CY2015Q3 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
1019487000 | |
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
7029048000 | ||
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
1019487000 | ||
CY2016Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
10595000 | |
CY2015Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
15955000 | |
CY2016Q3 | pmt |
Stock Repurchase Program Cumulative Number Of Shares Repurchased
StockRepurchaseProgramCumulativeNumberOfSharesRepurchased
|
8073535000 | |
CY2016Q3 | pmt |
Stock Repurchase Program Cost Of Cumulative Shares Repurchased
StockRepurchaseProgramCostOfCumulativeSharesRepurchased
|
109767000 | |
CY2016Q3 | pmt |
Gain Loss On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainLossOnSaleOfMortgageLoansAcquiredForSaleCashPortion
|
-25102000 | |
CY2015Q3 | pmt |
Gain Loss On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainLossOnSaleOfMortgageLoansAcquiredForSaleCashPortion
|
4579000 | |
pmt |
Gain Loss On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainLossOnSaleOfMortgageLoansAcquiredForSaleCashPortion
|
-46582000 | ||
pmt |
Gain Loss On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainLossOnSaleOfMortgageLoansAcquiredForSaleCashPortion
|
-54183000 | ||
CY2016Q3 | pmt |
Mortgage Loan Hedging Activities Cash Gain Loss
MortgageLoanHedgingActivitiesCashGainLoss
|
-17378000 | |
CY2015Q3 | pmt |
Mortgage Loan Hedging Activities Cash Gain Loss
MortgageLoanHedgingActivitiesCashGainLoss
|
-33268000 | |
pmt |
Mortgage Loan Hedging Activities Cash Gain Loss
MortgageLoanHedgingActivitiesCashGainLoss
|
-79072000 | ||
pmt |
Mortgage Loan Hedging Activities Cash Gain Loss
MortgageLoanHedgingActivitiesCashGainLoss
|
-27082000 | ||
CY2016Q3 | pmt |
Aggregate Cash Gain Loss On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainLossOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
|
-42480000 | |
CY2015Q3 | pmt |
Aggregate Cash Gain Loss On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainLossOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
|
-28689000 | |
pmt |
Aggregate Cash Gain Loss On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainLossOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
|
-125654000 | ||
pmt |
Aggregate Cash Gain Loss On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainLossOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
|
-81265000 | ||
CY2016Q3 | pmt |
Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
|
77635000 | |
CY2015Q3 | pmt |
Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
|
52814000 | |
pmt |
Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
|
173906000 | ||
pmt |
Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
|
112450000 | ||
CY2016Q3 | pmt |
Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
|
-1429000 | |
CY2015Q3 | pmt |
Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
|
9073000 | |
pmt |
Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
|
10681000 | ||
pmt |
Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
|
3146000 | ||
CY2016Q3 | pmt |
Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
|
5228000 | |
CY2015Q3 | pmt |
Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
|
-17097000 | |
pmt |
Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
|
16980000 | ||
pmt |
Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
|
1181000 | ||
CY2016Q3 | pmt |
Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
|
587000 | |
CY2015Q3 | pmt |
Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
|
-384000 | |
pmt |
Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
|
2400000 | ||
pmt |
Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
|
3884000 | ||
CY2016Q3 | pmt |
Aggregate Non Cash Portion Of Gain Loss On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainLossOnMortgageLoansAcquiredForSale
|
4386000 | |
CY2015Q3 | pmt |
Aggregate Non Cash Portion Of Gain Loss On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainLossOnMortgageLoansAcquiredForSale
|
-8408000 | |
pmt |
Aggregate Non Cash Portion Of Gain Loss On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainLossOnMortgageLoansAcquiredForSale
|
30061000 | ||
pmt |
Aggregate Non Cash Portion Of Gain Loss On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainLossOnMortgageLoansAcquiredForSale
|
8211000 | ||
CY2016Q3 | pmt |
Mortgage Servicing Rights Recapture From Affiliate
MortgageServicingRightsRecaptureFromAffiliate
|
409000 | |
CY2015Q3 | pmt |
Mortgage Servicing Rights Recapture From Affiliate
MortgageServicingRightsRecaptureFromAffiliate
|
670000 | |
pmt |
Mortgage Servicing Rights Recapture From Affiliate
MortgageServicingRightsRecaptureFromAffiliate
|
849000 | ||
pmt |
Mortgage Servicing Rights Recapture From Affiliate
MortgageServicingRightsRecaptureFromAffiliate
|
670000 | ||
CY2016Q3 | pmt |
Gain On Sale Of Mortgage Servicing Rights
GainOnSaleOfMortgageServicingRights
|
0 | |
CY2015Q3 | pmt |
Gain On Sale Of Mortgage Servicing Rights
GainOnSaleOfMortgageServicingRights
|
4000 | |
pmt |
Gain On Sale Of Mortgage Servicing Rights
GainOnSaleOfMortgageServicingRights
|
11000 | ||
pmt |
Gain On Sale Of Mortgage Servicing Rights
GainOnSaleOfMortgageServicingRights
|
87000 | ||
CY2016Q3 | pmt |
Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
|
48997875000 | |
CY2015Q3 | pmt |
Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
|
38172371000 | |
pmt |
Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
|
46125926000 | ||
pmt |
Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
|
36446663000 | ||
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
0 | |
CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
0 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
330076 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
294684 | ||
CY2016Q3 | pmt |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
|
0 | |
CY2015Q3 | pmt |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
|
0 | |
pmt |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
|
4041000 | ||
pmt |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
|
6286000 | ||
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
0 | |
CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
0 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
298581 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
301763 | ||
CY2016Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
1129000 | |
CY2015Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
1294000 | |
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
4142000 | ||
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
4979000 | ||
CY2016Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.213 | |
CY2015Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.140 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.068 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.121 | ||
CY2016Q3 | pmt |
Other Operating Income Loss Net
OtherOperatingIncomeLossNet
|
11624000 | |
CY2016Q3 | pmt |
Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
|
43319000 | |
CY2016Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
14993000 | |
CY2015Q3 | pmt |
Other Operating Income Loss Net
OtherOperatingIncomeLossNet
|
7463000 | |
CY2015Q3 | pmt |
Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
|
35031000 | |
CY2015Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
10636000 | |
CY2015Q3 | us-gaap |
Assets
Assets
|
5592231000 | |
pmt |
Other Operating Income Loss Net
OtherOperatingIncomeLossNet
|
22788000 | ||
pmt |
Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
|
113796000 | ||
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
41465000 | ||
pmt |
Other Operating Income Loss Net
OtherOperatingIncomeLossNet
|
15937000 | ||
pmt |
Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
|
98818000 | ||
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
33003000 | ||
us-gaap |
Interest Paid
InterestPaid
|
111008000 | ||
us-gaap |
Interest Paid
InterestPaid
|
85876000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
388000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
700000 | ||
us-gaap |
Transfer To Other Real Estate
TransferToOtherRealEstate
|
17548000 | ||
us-gaap |
Transfer To Other Real Estate
TransferToOtherRealEstate
|
4440000 | ||
pmt |
Increase Decrease Of Excess Servicing Spread Recapture Receivable From Affiliates
IncreaseDecreaseOfExcessServicingSpreadRecaptureReceivableFromAffiliates
|
5039000 | ||
pmt |
Increase Decrease Of Excess Servicing Spread Recapture Receivable From Affiliates
IncreaseDecreaseOfExcessServicingSpreadRecaptureReceivableFromAffiliates
|
4833000 | ||
CY2016Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
31804000 | |
CY2015Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
35019000 | |
CY2016Q3 | us-gaap |
Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
|
2500000 | |
CY2016Q3 | us-gaap |
Loans Receivable Basis Spread On Variable Rate
LoansReceivableBasisSpreadOnVariableRate
|
0.25 | |
pmt |
Number Of Residential Mortgage Loans Served
NumberOfResidentialMortgageLoansServed
|
1-4 |