2018 Q3 Form 10-Q Financial Statement

#000156459019039436 Filed on November 01, 2019

View on sec.gov

Income Statement

Concept 2018 Q3
Revenue $108.5M
YoY Change 43.13%
Cost Of Revenue $94.30M
YoY Change 11.86%
Gross Profit $60.80M
YoY Change 91.19%
Gross Profit Margin 56.04%
Selling, General & Admin $4.500M
YoY Change 87.5%
% of Gross Profit 7.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $56.84M
YoY Change 10.07%
Operating Profit $3.961M
YoY Change -119.97%
Interest Expense $46.61M
YoY Change
% of Operating Profit 1176.7%
Other Income/Expense, Net
YoY Change
Pretax Income $51.66M
YoY Change 113.78%
Income Tax $5.100M
% Of Pretax Income 9.87%
Net Earnings $46.56M
YoY Change 140.07%
Net Earnings / Revenue 42.91%
Basic Earnings Per Share $0.66
Diluted Earnings Per Share $0.62
COMMON SHARES
Basic Shares Outstanding 60.95M
Diluted Shares Outstanding 69.42M

Balance Sheet

Concept 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.00M
YoY Change -11.0%
Cash & Equivalents $88.93M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $139.0M
YoY Change -16.77%
LONG-TERM ASSETS
Property, Plant & Equipment $46.00M
YoY Change 6.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.058B
YoY Change 66.47%
Other Assets
YoY Change
Total Long-Term Assets $7.129B
YoY Change 26.89%
TOTAL ASSETS
Total Short-Term Assets $139.0M
Total Long-Term Assets $7.129B
Total Assets $7.268B
YoY Change 25.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.00M
YoY Change 68.75%
Accrued Expenses $9.000M
YoY Change 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $4.453B
YoY Change 28.11%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.659B
YoY Change 37.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.003B
YoY Change 45.57%
Other Long-Term Liabilities $19.00M
YoY Change 26.67%
Total Long-Term Liabilities $1.022B
YoY Change 45.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.659B
Total Long-Term Liabilities $1.022B
Total Liabilities $5.709B
YoY Change 36.76%
SHAREHOLDERS EQUITY
Retained Earnings -$26.29M
YoY Change
Common Stock $1.285B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.559B
YoY Change
Total Liabilities & Shareholders Equity $7.268B
YoY Change 25.63%

Cashflow Statement

Concept 2018 Q3
OPERATING ACTIVITIES
Net Income $46.56M
YoY Change 140.07%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$210.1M
YoY Change 5024.39%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$272.6M
YoY Change -195.25%
Cash From Investing Activities -$272.6M
YoY Change -195.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 508.7M
YoY Change -301.39%
NET CHANGE
Cash From Operating Activities -210.1M
Cash From Investing Activities -272.6M
Cash From Financing Activities 508.7M
Net Change In Cash 26.00M
YoY Change -11.86%
FREE CASH FLOW
Cash From Operating Activities -$210.1M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2331604000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-801437000
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
45000
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
8338000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
609569000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1316200000
pmt Proceeds From Sale And Repayments Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleAndRepaymentsOfMortgageBackedSecuritiesMbsAtFairValue
959673000
pmt Proceeds From Sale And Repayments Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleAndRepaymentsOfMortgageBackedSecuritiesMbsAtFairValue
126243000
pmt Payments For Repurchase Of Mortgage Loans At Fair Value
PaymentsForRepurchaseOfMortgageLoansAtFairValue
886000
pmt Payments For Repurchase Of Mortgage Loans At Fair Value
PaymentsForRepurchaseOfMortgageLoansAtFairValue
0
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
113816000
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
398488000
pmt Repayments Of Excess Servicing Spread Investment
RepaymentsOfExcessServicingSpreadInvestment
30901000
pmt Repayments Of Excess Servicing Spread Investment
RepaymentsOfExcessServicingSpreadInvestment
35852000
pmt Settlement Of Firm Commitment To Purchase Credit Risk Transfer Securities
SettlementOfFirmCommitmentToPurchaseCreditRiskTransferSecurities
0
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-1300000
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
0
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
100000
pmt Distributions From Credit Risk Transfer Agreements
DistributionsFromCreditRiskTransferAgreements
113219000
pmt Distributions From Credit Risk Transfer Agreements
DistributionsFromCreditRiskTransferAgreements
87596000
pmt Increase Decrease In Margin Deposits
IncreaseDecreaseInMarginDeposits
113400000
pmt Increase Decrease In Margin Deposits
IncreaseDecreaseInMarginDeposits
-4617000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-370415000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-682143000
pmt Proceeds From Sale Of Assets Under Agreements To Repurchase
ProceedsFromSaleOfAssetsUnderAgreementsToRepurchase
95477103000
pmt Proceeds From Sale Of Assets Under Agreements To Repurchase
ProceedsFromSaleOfAssetsUnderAgreementsToRepurchase
60463168000
pmt Repayments Of Assets Sold Under Agreements To Repurchase
RepaymentsOfAssetsSoldUnderAgreementsToRepurchase
93898705000
pmt Repayments Of Assets Sold Under Agreements To Repurchase
RepaymentsOfAssetsSoldUnderAgreementsToRepurchase
59250379000
pmt Proceeds From Issuance Of Mortgage Loan Participation Purchase And Sale Agreements
ProceedsFromIssuanceOfMortgageLoanParticipationPurchaseAndSaleAgreements
4603429000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
16503000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
25381000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
16721000
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
2208000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
23347000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
13208000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7398000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11125000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18708000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18708000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
98131000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
86779000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
622545000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
7681000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2600000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
pmt Payment Of Contingent Underwriting Fees
PaymentOfContingentUnderwritingFees
373000
pmt Payment Of Contingent Underwriting Fees
PaymentOfContingentUnderwritingFees
0
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10719000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2755825000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1494862000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53806000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11282000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
59845000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
77647000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
113651000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
88929000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
pmt Reit Qualification Threshold Percentage Of Taxable Income For Distribution
ReitQualificationThresholdPercentageOfTaxableIncomeForDistribution
0.90
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="margin-top:18pt;margin-bottom: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 2—Basis of Presentation</p> <p style="margin-top:6pt;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 accompanying consolidated financial statements have been prepared in compliance with accounting principles generally accepted in the United States (“GAAP”) as codified in the Financial Accounting Standards Board’s (“FASB”) <span style="font-style:italic;">Accounting Standards Codification</span> (“ASC”) for interim financial information and with the Securities and Exchange Commission’s instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these financial statements and notes do not include all of the information required by GAAP for complete financial statements. This interim consolidated information should be read together with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018.</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;">These unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods presented, but are not necessarily indicative of the results of operations that may be anticipated for the full year. Intercompany accounts and transactions have been eliminated.</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;">Preparation of financial statements in compliance with GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. Actual results will likely differ from those estimates.</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 held no restricted cash during the periods presented. Therefore, the consolidated statements of cash flows do not include references to restricted cash.</p>
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
0
CY2018Q3 us-gaap Restricted Cash
RestrictedCash
0
pmt Termination Fees Description
TerminationFeesDescription
The termination fee is equal to three times the sum of (a) the average annual base management fee, and (b) the average annual performance incentive fee earned by PCM, in each case during the 24-month period immediately preceding the date of termination.
CY2016Q4 pmt Excess Service Spread Recapture Of Minimum Percentage Loan Fee Rate And Unpaid Principal Balance Refinance Mortgage Loans
ExcessServiceSpreadRecaptureOfMinimumPercentageLoanFeeRateAndUnpaidPrincipalBalanceRefinanceMortgageLoans
0.90
CY2016Q4 pmt Excess Service Spread Recapture Of Minimum Percentage Loan Fee Rate And Unpaid Principal Balance Modified Mortgage Loans
ExcessServiceSpreadRecaptureOfMinimumPercentageLoanFeeRateAndUnpaidPrincipalBalanceModifiedMortgageLoans
0.90
CY2019Q3 pmt Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
290527000
CY2019Q3 srt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
300371000
CY2019Q3 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
-9844000
CY2018Q4 pmt Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
408305000
CY2018Q4 srt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
495651000
CY2018Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
-87346000
CY2018Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-20259000
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-52911000
pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
18687615000
CY2019Q3 pmt Msr At Fair Value Service Fee Annual Rate At Initial Recognition
MSRAtFairValueServiceFeeAnnualRateAtInitialRecognition
0.0033
pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
37640484000
CY2019Q3 pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
249888000
CY2018Q3 pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
96383000
pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
534742000
pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
228337000
CY2019Q3 pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
17308797000
CY2018Q3 pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
8290310000
CY2018Q4 pmt Carrying Value Of Credit Risk Transfer Strips
CarryingValueOfCreditRiskTransferStrips
0
CY2019Q3 us-gaap Derivative Assets
DerivativeAssets
206876000
CY2018Q3 pmt Msr At Fair Value Service Fee Annual Rate At Initial Recognition
MSRAtFairValueServiceFeeAnnualRateAtInitialRecognition
0.0025
pmt Msr At Fair Value Service Fee Annual Rate At Initial Recognition
MSRAtFairValueServiceFeeAnnualRateAtInitialRecognition
0.0032
pmt Msr At Fair Value Service Fee Annual Rate At Initial Recognition
MSRAtFairValueServiceFeeAnnualRateAtInitialRecognition
0.0026
CY2019Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1162714000
CY2018Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1162369000
CY2019Q3 pmt Fair Value Unpaid Principal Of Underlying Loans Balance
FairValueUnpaidPrincipalOfUnderlyingLoansBalance
116371603000
CY2018Q4 pmt Fair Value Unpaid Principal Of Underlying Loans Balance
FairValueUnpaidPrincipalOfUnderlyingLoansBalance
92410226000
CY2019Q3 pmt Msr At Fair Value Service Fee Annual Rate
MSRAtFairValueServiceFeeAnnualRate
0.0028
CY2018Q4 pmt Msr At Fair Value Service Fee Annual Rate
MSRAtFairValueServiceFeeAnnualRate
0.0025
pmt Fair Value Weighted Average Coupon Interest Rate
FairValueWeightedAverageCouponInterestRate
0.043
CY2018 pmt Fair Value Weighted Average Coupon Interest Rate
FairValueWeightedAverageCouponInterestRate
0.042
CY2019Q3 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
3947368000
CY2018Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
1643957000
CY2019Q3 pmt Pledged Financial Instruments Not Separately Reported And Assets Separately Reported On Statement At Fair Value
PledgedFinancialInstrumentsNotSeparatelyReportedAndAssetsSeparatelyReportedOnStatementAtFairValue
3918040000
CY2018Q4 pmt Pledged Financial Instruments Not Separately Reported And Assets Separately Reported On Statement At Fair Value
PledgedFinancialInstrumentsNotSeparatelyReportedAndAssetsSeparatelyReportedOnStatementAtFairValue
1621879000
CY2019Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
290527000
CY2019Q3 pmt Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
299559000
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
408305000
CY2018Q4 pmt Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
495651000
CY2019Q3 pmt Mortgage Loans At Fair Value Held By Variable Interest Entity
MortgageLoansAtFairValueHeldByVariableInterestEntity
275172000
CY2018Q4 pmt Mortgage Loans At Fair Value Held By Variable Interest Entity
MortgageLoansAtFairValueHeldByVariableInterestEntity
290573000
CY2019Q3 us-gaap Pledged Assets Separately Reported Loans Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
289442000
CY2018Q4 us-gaap Pledged Assets Separately Reported Loans Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
399266000
CY2019Q3 pmt Carrying Value Of Credit Risk Transfer Strips
CarryingValueOfCreditRiskTransferStrips
67568000
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
167165000
CY2019Q3 us-gaap Credit Risk Derivative Assets At Fair Value
CreditRiskDerivativeAssetsAtFairValue
274444000
CY2018Q4 us-gaap Credit Risk Derivative Assets At Fair Value
CreditRiskDerivativeAssetsAtFairValue
167165000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8467000
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8467000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92834000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69417000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82679000
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.90
CY2019Q3 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
67568000
CY2019Q3 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
67568000
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
178668000
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
48418000
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
171996000
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
29490000
CY2019Q3 pmt Derivative Fair Value Of Asset Master Netting Adjustment
DerivativeFairValueOfAssetMasterNettingAdjustment
28208000
CY2019Q3 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
39258000
CY2018Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
23576000
CY2019Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
9160000
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
167165000
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
5914000
CY2019Q3 pmt Margin Deposit Assets Liabilities
MarginDepositAssetsLiabilities
67465000
CY2018Q4 pmt Margin Deposit Assets Liabilities
MarginDepositAssetsLiabilities
18744000
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
178668000
CY2019Q3 pmt Derivative Asset Netting
DerivativeAssetNetting
-28208000
CY2019Q3 us-gaap Derivative Assets
DerivativeAssets
206876000
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
171996000
CY2018Q4 pmt Derivative Asset Netting
DerivativeAssetNetting
4831000
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
167165000
CY2019Q3 us-gaap Derivative Assets
DerivativeAssets
206876000
CY2019Q3 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
0
CY2019Q3 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
0
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
206876000
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
0
CY2018Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
0
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
167165000
CY2019Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
6403894000
CY2019Q3 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
39258000
CY2019Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
6364636000
CY2018Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
4806517000
CY2018Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
23576000
CY2018Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
4782941000
pmt Transfer From Real Estate Held For Investment To Real Estate Acquired In Settlement Of Loans
TransferFromRealEstateHeldForInvestmentToRealEstateAcquiredInSettlementOfLoans
1112000
pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loan At Fair Values
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoanAtFairValues
534742000
pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loan At Fair Values
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoanAtFairValues
228337000
pmt Increase Decrease Of Excess Servicing Spread Recapture Receivable From Affiliates
IncreaseDecreaseOfExcessServicingSpreadRecaptureReceivableFromAffiliates
1327000
pmt Increase Decrease Of Excess Servicing Spread Recapture Receivable From Affiliates
IncreaseDecreaseOfExcessServicingSpreadRecaptureReceivableFromAffiliates
1983000
pmt Capitalization Of Servicing Advances Pursuant To Mortgage Loan Modifications
CapitalizationOfServicingAdvancesPursuantToMortgageLoanModifications
1248000
CY2019Q3 us-gaap Pledged Assets Separately Reported Real Estate Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue
51291000
CY2019Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
97808000
CY2018Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
109271000
CY2018Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
85681000
CY2017Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
162865000
CY2019Q3 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
10985000
CY2018Q3 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
7508000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
23256000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
26229000
CY2019Q3 pmt Transfer From Real Estate Held For Investment
TransferFromRealEstateHeldForInvestment
0
CY2018Q3 pmt Transfer From Real Estate Held For Investment
TransferFromRealEstateHeldForInvestment
1112000
pmt Transfer From Real Estate Held For Investment
TransferFromRealEstateHeldForInvestment
30432000
pmt Transfer From Real Estate Held For Investment
TransferFromRealEstateHeldForInvestment
1112000
CY2019Q3 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0
CY2018Q3 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1016000
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
4123000
CY2019Q3 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
-2546000
CY2018Q3 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
-3323000
us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
-5961000
us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
-13990000
CY2019Q3 pmt Gains Losses On Sales Of Foreclosed Real Estate
GainsLossesOnSalesOfForeclosedRealEstate
3248000
CY2018Q3 pmt Gains Losses On Sales Of Foreclosed Real Estate
GainsLossesOnSalesOfForeclosedRealEstate
3013000
pmt Gains Losses On Sales Of Foreclosed Real Estate
GainsLossesOnSalesOfForeclosedRealEstate
7258000
pmt Gains Losses On Sales Of Foreclosed Real Estate
GainsLossesOnSalesOfForeclosedRealEstate
8157000
CY2019Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
702000
CY2018Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-310000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
1297000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-5833000
CY2019Q3 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
30294000
CY2018Q3 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
20960000
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
61465000
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
84645000
CY2019Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
79201000
CY2018Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
95605000
CY2019Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
79201000
CY2018Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
95605000
CY2019Q3 pmt Real Estate Acquired Through Foreclosure Pledged To Secure Borrowings
RealEstateAcquiredThroughForeclosurePledgedToSecureBorrowings
51291000
CY2018Q4 pmt Real Estate Acquired Through Foreclosure Pledged To Secure Borrowings
RealEstateAcquiredThroughForeclosurePledgedToSecureBorrowings
1939000
CY2019Q3 pmt Real Estate Owned Held In Subsidiary For Financing Purposes
RealEstateOwnedHeldInSubsidiaryForFinancingPurposes
0
CY2018Q4 pmt Real Estate Owned Held In Subsidiary For Financing Purposes
RealEstateOwnedHeldInSubsidiaryForFinancingPurposes
38259000
CY2018Q4 us-gaap Pledged Assets Separately Reported Real Estate Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue
40198000
CY2019Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1126427000
CY2018Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1010507000
CY2018Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1162369000
CY2017Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
91459000
CY2019Q2 pmt Servicing Asset At Fair Value Transfer Of Mortgage Servicing Rights From Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value Pursuant To Change In Accounting Principle
ServicingAssetAtFairValueTransferOfMortgageServicingRightsFromMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValuePursuantToChangeInAccountingPrinciple
0
CY2018Q2 pmt Servicing Asset At Fair Value Transfer Of Mortgage Servicing Rights From Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value Pursuant To Change In Accounting Principle
ServicingAssetAtFairValueTransferOfMortgageServicingRightsFromMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValuePursuantToChangeInAccountingPrinciple
0
CY2018Q4 pmt Servicing Asset At Fair Value Transfer Of Mortgage Servicing Rights From Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value Pursuant To Change In Accounting Principle
ServicingAssetAtFairValueTransferOfMortgageServicingRightsFromMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValuePursuantToChangeInAccountingPrinciple
0
CY2017Q4 pmt Servicing Asset At Fair Value Transfer Of Mortgage Servicing Rights From Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value Pursuant To Change In Accounting Principle
ServicingAssetAtFairValueTransferOfMortgageServicingRightsFromMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValuePursuantToChangeInAccountingPrinciple
773035000
CY2019Q2 pmt Servicing Asset At Fair Value After Reclassification Adjusted Amount
ServicingAssetAtFairValueAfterReclassificationAdjustedAmount
1126427000
pmt Capitalization Of Servicing Advances Pursuant To Mortgage Loan Modifications
CapitalizationOfServicingAdvancesPursuantToMortgageLoanModifications
4734000
pmt Transfer Of Firm Commitments To Purchase Credit Risk Transfer Securities To Investment Securities
TransferOfFirmCommitmentsToPurchaseCreditRiskTransferSecuritiesToInvestmentSecurities
56804000
pmt Transfer Of Firm Commitments To Purchase Credit Risk Transfer Securities To Investment Securities
TransferOfFirmCommitmentsToPurchaseCreditRiskTransferSecuritiesToInvestmentSecurities
0
CY2019Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
42870000
CY2018Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
28817000
CY2018Q2 pmt Servicing Asset At Fair Value After Reclassification Adjusted Amount
ServicingAssetAtFairValueAfterReclassificationAdjustedAmount
1010507000
CY2018Q4 pmt Servicing Asset At Fair Value After Reclassification Adjusted Amount
ServicingAssetAtFairValueAfterReclassificationAdjustedAmount
1162369000
CY2017Q4 pmt Servicing Asset At Fair Value After Reclassification Adjusted Amount
ServicingAssetAtFairValueAfterReclassificationAdjustedAmount
864494000
CY2019Q3 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
0
CY2018Q3 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
100000
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
0
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
100000
CY2019Q3 pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
249888000
CY2018Q3 pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
96383000
pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
534742000
pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
228337000
CY2019Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-157928000
CY2018Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
33004000
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-391323000
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
101699000
CY2019Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-55673000
CY2018Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-30053000
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-143074000
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-84689000
CY2019Q3 us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
-213601000
CY2018Q3 us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
2951000
us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
-534397000
us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
17010000
CY2019Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1162714000
CY2018Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1109741000
CY2019Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1162714000
CY2018Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1109741000
CY2019Q3 pmt Mortgage Servicing Rights At Fair Value Pledged To Secure Assets Sold Under Agreements To Repurchase And Notes Payable
MortgageServicingRightsAtFairValuePledgedToSecureAssetsSoldUnderAgreementsToRepurchaseAndNotesPayable
1142867000
CY2018Q4 pmt Mortgage Servicing Rights At Fair Value Pledged To Secure Assets Sold Under Agreements To Repurchase And Notes Payable
MortgageServicingRightsAtFairValuePledgedToSecureAssetsSoldUnderAgreementsToRepurchaseAndNotesPayable
1139582000
CY2019Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
76377000
CY2018Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
49864000
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
204568000
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
147262000
CY2019Q3 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
488000
CY2018Q3 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
252000
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
1158000
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
685000
CY2019Q3 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
6506000
CY2018Q3 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
2859000
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
15452000
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
5989000
CY2019Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
83371000
CY2018Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
52975000
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
221178000
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
153936000
CY2019Q3 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0325
CY2018Q3 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0319
pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0335
pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0312
CY2019Q3 pmt Assets Sold Under Agreements To Repurchase Average Balance
AssetsSoldUnderAgreementsToRepurchaseAverageBalance
5773934000
CY2018Q3 pmt Assets Sold Under Agreements To Repurchase Average Balance
AssetsSoldUnderAgreementsToRepurchaseAverageBalance
4072301000
pmt Assets Sold Under Agreements To Repurchase Average Balance
AssetsSoldUnderAgreementsToRepurchaseAverageBalance
5180436000
CY2018 pmt Securities Sold Under Agreements Available Borrowing Capacity
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacity
3108661000
CY2019Q3 us-gaap Good Faith And Margin Deposits With Broker Dealers
GoodFaithAndMarginDepositsWithBrokerDealers
35835000
CY2018Q4 us-gaap Good Faith And Margin Deposits With Broker Dealers
GoodFaithAndMarginDepositsWithBrokerDealers
43676000
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<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;">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;"> </p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:60%;"> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:80.22%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <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;"><span style="text-decoration:underline;">Remaining maturity at September 30, 2019</span></p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.94%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <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" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:16.82%; border-bottom:solid 0.75pt #000000;" valign="bottom"> <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;">Unpaid</p> <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;">principal</p> <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;">balance</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.22%;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.94%;" valign="bottom"> <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" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:16.82%; border-top:solid 0.75pt #000000;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.22%;" valign="top"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.94%;" valign="bottom"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%;white-space:nowrap;" valign="bottom"> <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;">4,603,076</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.22%;" valign="top"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.94%;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%;white-space:nowrap;" valign="bottom"> <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;">105,585</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.22%;" valign="top"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.94%;" valign="bottom"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%;white-space:nowrap;" valign="bottom"> <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;">—</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.22%;" valign="top"> <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 one year</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.94%;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%;white-space:nowrap;" valign="bottom"> <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;">1,647,181</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:80.22%; border-bottom:double 2.5pt transparent;" valign="top"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.94%; border-bottom:double 2.5pt transparent;" valign="bottom"> <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 style="background-color:#CFF0FC;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;" valign="bottom"> <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 style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <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;">6,355,842</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.22%;" valign="top"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.94%;" valign="bottom"> <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 style="background-color:#FFFFFF;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;" valign="bottom"> <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 style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <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;">2.9</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <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>
CY2019Q3 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
6355842000
pmt Assets Sold Under Agreements To Repurchase Average Balance
AssetsSoldUnderAgreementsToRepurchaseAverageBalance
3573805000
CY2019Q3 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
48595000
CY2018Q3 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
29725000
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
126194000
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
79705000
CY2019Q3 pmt Asset Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
AssetSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
6694496000
CY2018Q3 pmt Asset Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
AssetSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
5091893000
pmt Asset Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
AssetSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
6893551000
pmt Asset Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
AssetSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
5677797000
us-gaap Repurchase Agreements Maturities
RepurchaseAgreementsMaturities
The master repurchase agreement expired on August 21, 2019.
CY2019Q3 pmt Assets Sold Under Agreements To Repurchase
AssetsSoldUnderAgreementsToRepurchase
6355842000
CY2018Q4 pmt Assets Sold Under Agreements To Repurchase
AssetsSoldUnderAgreementsToRepurchase
4777486000
CY2019Q3 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
6355476000
CY2018Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
4777027000
pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0323
CY2018 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0338
pmt Assets Sold Under Agreements Available Borrowing Capacity Committed
AssetsSoldUnderAgreementsAvailableBorrowingCapacityCommitted
140518000
CY2018 pmt Assets Sold Under Agreements Available Borrowing Capacity Committed
AssetsSoldUnderAgreementsAvailableBorrowingCapacityCommitted
783415000
pmt Securities Sold Under Agreements Available Borrowing Capacity Uncommitted
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityUncommitted
1925811000
CY2018 pmt Securities Sold Under Agreements Available Borrowing Capacity Uncommitted
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityUncommitted
2325246000
pmt Securities Sold Under Agreements Available Borrowing Capacity
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacity
2066329000
CY2019Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
250000000
CY2018Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
250000000
CY2019Q3 us-gaap Convertible Debt
ConvertibleDebt
249269000
CY2018Q4 us-gaap Convertible Debt
ConvertibleDebt
248350000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
34158000
CY2019Q3 pmt Notes Payable Gross
NotesPayableGross
1367227000
CY2018Q4 pmt Notes Payable Gross
NotesPayableGross
450000000
CY2019Q3 us-gaap Notes Payable
NotesPayable
1361142000
CY2018Q4 us-gaap Notes Payable
NotesPayable
445573000
CY2019Q3 pmt Mortgage Servicing Rights Secured Notes Payable
MortgageServicingRightsSecuredNotesPayable
1142867000
CY2018Q4 pmt Mortgage Servicing Rights Secured Notes Payable
MortgageServicingRightsSecuredNotesPayable
1139582000
pmt Mortgage Loans Subject To Deposits Securing Credit Risk Transfers
MortgageLoansSubjectToDepositsSecuringCreditRiskTransfers
1115618000
CY2018Q4 pmt Mortgage Loans Subject To Deposits Securing Credit Risk Transfers
MortgageLoansSubjectToDepositsSecuringCreditRiskTransfers
0
CY2019Q2 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
7728000
CY2018Q2 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
7625000
CY2018Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
7514000
CY2017Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
8678000
CY2019Q3 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
1040000
CY2018Q3 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
636000
pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
2473000
pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
1724000
CY2019Q3 pmt Non Cash Gain From Reduction In Liability Due To Change In Estimate
NonCashGainFromReductionInLiabilityDueToChangeInEstimate
1057000
CY2018Q3 pmt Non Cash Gain From Reduction In Liability Due To Change In Estimate
NonCashGainFromReductionInLiabilityDueToChangeInEstimate
848000
pmt Non Cash Gain From Reduction In Liability Due To Change In Estimate
NonCashGainFromReductionInLiabilityDueToChangeInEstimate
2181000
pmt Non Cash Gain From Reduction In Liability Due To Change In Estimate
NonCashGainFromReductionInLiabilityDueToChangeInEstimate
3030000
CY2019Q3 pmt Representations And Warranties Recoveries Losses Net
RepresentationsAndWarrantiesRecoveriesLossesNet
-33000
CY2018Q3 pmt Representations And Warranties Recoveries Losses Net
RepresentationsAndWarrantiesRecoveriesLossesNet
0
pmt Representations And Warranties Recoveries Losses Net
RepresentationsAndWarrantiesRecoveriesLossesNet
-128000
pmt Representations And Warranties Recoveries Losses Net
RepresentationsAndWarrantiesRecoveriesLossesNet
41000
CY2019Q3 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
7678000
CY2018Q3 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
7413000
CY2019Q3 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
7678000
CY2018Q3 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
7413000
CY2019Q3 pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Mortgage Loans Subject To Representations And Warranties
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfMortgageLoansSubjectToRepresentationsAndWarranties
109113773000
CY2018Q3 pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Mortgage Loans Subject To Representations And Warranties
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfMortgageLoansSubjectToRepresentationsAndWarranties
83370583000
CY2019Q3 pmt Mortgage Loans Acquired For Sale Outstanding Contractual Purchase Commitments
MortgageLoansAcquiredForSaleOutstandingContractualPurchaseCommitments
4941874000
CY2019Q3 pmt Face Amount Of Firm Commitment To Purchase Credit Risk Transfer Securities
FaceAmountOfFirmCommitmentToPurchaseCreditRiskTransferSecurities
847333000
CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
12400000
CY2019Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
310000000
CY2019Q3 us-gaap Preferred Stock Discount On Shares
PreferredStockDiscountOnShares
10293000
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
299707000
CY2018Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
24810000
CY2018Q3 pmt Stock Repurchase Program Cost Of Cumulative Shares Repurchased
StockRepurchaseProgramCostOfCumulativeSharesRepurchased
216625000
us-gaap Payment For Incentive Fee
PaymentForIncentiveFee
10
pmt Performance Incentive Fees Earned
PerformanceIncentiveFeesEarned
100
CY2019Q3 pmt Contingent Underwriting Fee Payments To Underwriters
ContingentUnderwritingFeePaymentsToUnderwriters
20000
pmt Contingent Underwriting Fee Payments To Underwriters
ContingentUnderwritingFeePaymentsToUnderwriters
372000
CY2019Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
45789000
CY2018Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
9683000
us-gaap Gain Loss On Investments
GainLossOnInvestments
228636000
us-gaap Gain Loss On Investments
GainLossOnInvestments
35210000
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
671000
CY2018Q3 pmt Stock Repurchase Program Cumulative Number Of Shares Repurchased
StockRepurchaseProgramCumulativeNumberOfSharesRepurchased
14731000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
10719000
CY2019Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
312649000
CY2018Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
101937000
CY2019Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
49260000
CY2019Q3 pmt Servicing Income Loss Net Of Valuation Adjustments
ServicingIncomeLossNetOfValuationAdjustments
5159000
CY2018Q3 pmt Servicing Income Loss Net Of Valuation Adjustments
ServicingIncomeLossNetOfValuationAdjustments
44394000
pmt Servicing Income Loss Net Of Valuation Adjustments
ServicingIncomeLossNetOfValuationAdjustments
-79510000
pmt Servicing Income Loss Net Of Valuation Adjustments
ServicingIncomeLossNetOfValuationAdjustments
128135000
CY2019Q3 pmt Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
111459832000
CY2018Q3 pmt Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
81350980000
pmt Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
103407919000
pmt Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
77522709000
us-gaap Interest Income Operating
InterestIncomeOperating
222675000
us-gaap Interest Income Operating
InterestIncomeOperating
155648000
us-gaap Interest Expense
InterestExpense
204864000
us-gaap Interest Expense
InterestExpense
121490000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17811000
CY2019Q3 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
212000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
245000
pmt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
4358000
pmt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
3823000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
368000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
289000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2000
us-gaap Share Based Compensation
ShareBasedCompensation
4348000
us-gaap Share Based Compensation
ShareBasedCompensation
4322000
CY2019Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-5463000
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.454
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48100000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51700000
pmt Percentage Of Deduction From Taxable Income For Ordinary Reit Dividends
PercentageOfDeductionFromTaxableIncomeForOrdinaryREITDividends
0.20
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
70000000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
46562000
us-gaap Net Income Loss
NetIncomeLoss
167760000
us-gaap Net Income Loss
NetIncomeLoss
111173000
CY2019Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6234000
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6235000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18703000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18703000
CY2019Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
165000
CY2018Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
236000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
476000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
541000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
63601000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40091000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
148581000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
91929000
CY2019Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
63601000
CY2018Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
40091000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
148581000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
91929000
CY2019Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2716000
CY2018Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2661000
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
8138000
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
7973000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
66317000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
42752000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
156719000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
99902000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84367000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60950000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74212000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60880000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8467000
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8467000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69347000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.51
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2019Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
45789000
CY2019Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
49260000
CY2019Q3 pmt Servicing Income Loss Net Of Valuation Adjustments
ServicingIncomeLossNetOfValuationAdjustments
5159000
CY2019Q3 us-gaap Interest Income Operating
InterestIncomeOperating
87801000
CY2019Q3 us-gaap Interest Expense
InterestExpense
84229000
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3572000
CY2019Q3 pmt Other Operating Income Loss Net
OtherOperatingIncomeLossNet
26980000
CY2019Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
130760000
CY2019Q3 pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
58113000
CY2019Q3 us-gaap Management Fee Expense
ManagementFeeExpense
10098000
CY2019Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14416000
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
82627000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48133000
CY2018Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
9683000
CY2018Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
24810000
CY2018Q3 pmt Servicing Income Loss Net Of Valuation Adjustments
ServicingIncomeLossNetOfValuationAdjustments
44394000
CY2018Q3 us-gaap Interest Income Operating
InterestIncomeOperating
62324000
CY2018Q3 us-gaap Interest Expense
InterestExpense
46609000
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15715000
CY2018Q3 pmt Other Operating Income Loss Net
OtherOperatingIncomeLossNet
13899000
CY2018Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
108501000
CY2018Q3 pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
36327000
CY2018Q3 us-gaap Management Fee Expense
ManagementFeeExpense
6482000
CY2018Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14030000
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
56839000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51662000
CY2018Q3 us-gaap Assets
Assets
7267578000
us-gaap Gain Loss On Investments
GainLossOnInvestments
228636000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
104827000
pmt Servicing Income Loss Net Of Valuation Adjustments
ServicingIncomeLossNetOfValuationAdjustments
-79510000
us-gaap Interest Income Operating
InterestIncomeOperating
222675000
us-gaap Interest Expense
InterestExpense
204864000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17811000
pmt Other Operating Income Loss Net
OtherOperatingIncomeLossNet
62015000
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
333779000
pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
137415000
us-gaap Management Fee Expense
ManagementFeeExpense
26178000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
38816000
us-gaap Operating Expenses
OperatingExpenses
202409000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
131370000
CY2019Q3 us-gaap Assets
Assets
10744609000
us-gaap Gain Loss On Investments
GainLossOnInvestments
35210000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
41579000
pmt Servicing Income Loss Net Of Valuation Adjustments
ServicingIncomeLossNetOfValuationAdjustments
128135000
us-gaap Interest Income Operating
InterestIncomeOperating
155648000
us-gaap Interest Expense
InterestExpense
121490000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
34158000
pmt Other Operating Income Loss Net
OtherOperatingIncomeLossNet
28083000
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
267165000
pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
83280000
us-gaap Management Fee Expense
ManagementFeeExpense
17906000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
34193000
us-gaap Operating Expenses
OperatingExpenses
135379000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
131786000
CY2018Q3 us-gaap Assets
Assets
7267578000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
136000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
900000
us-gaap Interest Paid Net
InterestPaidNet
206024000
us-gaap Interest Paid Net
InterestPaidNet
124332000
pmt Cumulative Effect On Accumulated Deficit Of Conversion To Fair Value Accounting For Mortgage Servicing Rights
CumulativeEffectOnAccumulatedDeficitOfConversionToFairValueAccountingForMortgageServicingRights
0
pmt Cumulative Effect On Accumulated Deficit Of Conversion To Fair Value Accounting For Mortgage Servicing Rights
CumulativeEffectOnAccumulatedDeficitOfConversionToFairValueAccountingForMortgageServicingRights
14361000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
23256000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
26229000
pmt Transfer Of Other Real Estate To Real Estate Held For Investment
TransferOfOtherRealEstateToRealEstateHeldForInvestment
0
pmt Transfer Of Other Real Estate To Real Estate Held For Investment
TransferOfOtherRealEstateToRealEstateHeldForInvestment
4123000
pmt Transfer From Real Estate Held For Investment To Real Estate Acquired In Settlement Of Loans
TransferFromRealEstateHeldForInvestmentToRealEstateAcquiredInSettlementOfLoans
30432000
CY2019Q3 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
2500000
CY2019Q3 pmt Regulatory Capital Ratio Amount
RegulatoryCapitalRatioAmount
0.0025

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