FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Walker David M 		2. Issuer Name and Ticker or Trading Symbol

PENNYMAC FINANCIAL SERVICES, INC. [ PFSI ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Risk Officer
(Last)          (First)          (Middle)

C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/13/2017
(Street)

WESTLAKE VILLAGE, CA 91361
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock   11/13/2017     M    5000   (1) A $0   (2) 5030   I   The Walker Trust 2002 Dated February 13, 2002, As Amended  
Class A Common Stock   11/13/2017     S    5000   (3) D $18.4981   (4) 30   I   The Walker Trust 2002 Dated February 13, 2002, As Amended  
Class A Common Stock   11/14/2017     M    5000   (1) A $0   (2) 5030   I   The Walker Trust 2002 Dated February 13, 2002, As Amended  
Class A Common Stock   11/14/2017     S    5000   (3) D $18.7705   (5) 30   I   The Walker Trust 2002 Dated February 13, 2002, As Amended  
Class A Common Stock                  17087   (6) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC     (2) 11/13/2017     M         5000      (2)   (2) Class A Common Stock   5000   (1) $0   628055   I   The Walker Trust 2002 Dated February 13, 2002, As Amended  
Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC     (2) 11/14/2017     M         5000      (2)   (2) Class A Common Stock   5000   (1) $0   623055   I   The Walker Trust 2002 Dated February 13, 2002, As Amended  
Nonstatutory Stock Option (Right to Buy)   $21.03                    6/13/2014   6/12/2023   Class A Common Stock   15882   (7)   15882   D    
Nonstatutory Stock Option (Right to Buy)   $17.26                    2/26/2015   2/25/2024   Class A Common Stock   28216   (8)   28216   D    
Nonstatutory Stock Option (Right to Buy)   $17.52                    3/3/2016   3/2/2025   Class A Common Stock   23829   (9)   23829   D    
Nonstatutory Stock Option (Right to Buy)   $11.28                    3/7/2017   3/6/2026   Class A Common Stock   27771   (10)   27771   D    
Nonstatutory Stock Option (Right to Buy)   $18.05                    3/6/2018   3/5/2027   Class A Common Stock   17313   (11)   17313   D    

Explanation of Responses:
(1)  Represents shares of Class A Common Stock received upon the exchange of Class A Units of Private National Mortgage Acceptance Company, LLC.
(2)  Pursuant to the terms of an exchange agreement, Class A Units of Private National Mortgage Acceptance Company, LLC are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments.
(3)  These shares of Class A Common Stock were sold pursuant to a 10b5-1 plan.
(4)  The price reported is the weighted average price of multiple transactions ranging from $18.30 to $18.70. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
(5)  The price reported is the weighted average price of multiple transactions ranging from $18.60 to $18.90. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
(6)  The reported amount consists of 6,925 restricted stock units and 10,162 shares of Class A Common Stock. The restricted stock units are to be settled in an equal number of shares of Class A Common Stock upon vesting
(7)  This nonstatutory stock option to purchase 15,882 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date.
(8)  This nonstatutory stock option to purchase 28,216 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date.
(9)  This nonstatutory stock option to purchase 23,829 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's committed service through each date.
(10)  This nonstatutory stock option to purchase 27,771 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.
(11)  This nonstatutory stock option to purchase 17,313 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Walker David M
C/O PENNYMAC FINANCIAL SERVICES, INC.
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361

Chief Risk Officer

Signatures
/s/ Derek W. Stark, attorney-in-fact for Mr. Walker 11/14/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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