​

​

Quarter ended June 30, 

​

Six months ended June 30, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(in thousands)

From non-affiliates:

​

​

​

​

​

​

​

​

​

​

​

​

Cash losses:

​

​

​

​

​

​

​

​

​

​

​

​

Loans

​

$

(279,801)

​

$

(573,210)

​

$

(808,152)

  ​ ​ ​

$

(849,520)

Hedging activities

​

​

(307,618)

​

​

(105,772)

​

​

16,421

​

​

(416,471)

​

​

​

(587,419)

​

​

(678,982)

​

​

(791,731)

​

​

(1,265,991)

Non-cash gains:

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage servicing rights resulting from loan sales

​

​

648,681

​

​

814,538

​

​

1,368,267

​

​

1,464,887

Provisions for losses relating to representations and warranties:

​

​

​

​

​

​

​

​

​

​

​

​

Pursuant to loan sales

​

​

(5,807)

​

​

(4,054)

​

​

(10,275)

​

​

(7,601)

Reductions in liability due to changes in estimate

​

​

3,662

​

​

2,220

​

​

6,652

​

​

3,635

Changes in fair values of loans and derivatives held at end of period:

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate lock commitments

​

​

32,326

​

​

32,211

​

​

13,335

​

​

108,588

Loans

​

​

(73,829)

​

​

(15,268)

​

​

(8,829)

​

​

(102,307)

Hedging derivatives

​

​

248,608

​

​

76,919

​

​

26,039

​

​

242,572

​

​

​

266,222

​

​

227,584

​

​

603,458

​

​

443,783

From PennyMac Mortgage Investment Trust (1)

​

​

14,097

​

​

7,075

​

​

21,846

​

​

11,913

​

​

$

280,319

​

$

234,659

​

$

625,304

​

$

455,696