Statement of Changes in Beneficial Ownership (4)

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 ^* KURLAND STANFORD L	2. Issuer Name and Ticker or Trading Symbol PennyMac Financial Services, Inc. [ PFSI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD	3. Date of Earliest Transaction (MM/DD/YYYY) 11/20/2020
(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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/20/2020		S		13000 ⁽¹⁾	D	$55.66 ⁽²⁾	7706990	I	Kurland Family Investments, LLC
Common Stock	11/20/2020		S		2000 ⁽¹⁾	D	$56.46 ⁽³⁾	7704990	I	Kurland Family Investments, LLC
Common Stock	11/23/2020		S		10993 ⁽¹⁾	D	$57.49 ⁽⁴⁾	7693997	I	Kurland Family Investments, LLC
Common Stock	11/23/2020		S		4007 ⁽¹⁾	D	$58.29 ⁽⁵⁾	7689990	I	Kurland Family Investments, LLC
Common Stock	11/24/2020		S		1000 ⁽¹⁾	D	$57.33 ⁽⁶⁾	7688990	I	Kurland Family Investments, LLC
Common Stock								7279 ⁽⁷⁾	D
Common Stock								115544	I	1998 Kurland Revocable Trust Dtd 1/14/98

*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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Nonstatutory Stock Option (Right to Buy)	$21.03							6/13/2014	6/12/2023	Common Stock	107656 ⁽⁸⁾		107656	D
Nonstatutory Stock Option (Right to Buy)	$17.26							2/26/2015	2/25/2024	Common Stock	191098 ⁽⁹⁾		191098	D
Nonstatutory Stock Option (Right to Buy)	$17.52							3/3/2016	3/2/2025	Common Stock	161529 ⁽¹⁰⁾		161529	D
Nonstatutory Stock Option (Right to Buy)	$11.28							3/7/2017	3/6/2026	Common Stock	188086 ⁽¹¹⁾		188086	D
Nonstatutory Stock Option (Right to Buy)	$18.05							3/6/2018	3/5/2027	Common Stock	138504 ⁽¹²⁾		138504	D
Nonstatutory Stock Option (Right to Buy)	$24.40							3/9/2019	3/8/2028	Common Stock	102459 ⁽¹³⁾		102459	D
Nonstatutory Stock Option (Right to Buy)	$22.92							3/15/2020	3/14/2029	Common Stock	107849 ⁽¹⁴⁾		107849	D

Explanation of Responses:
(1)	These shares of Common Stock were sold pursuant to a 10b5-1 plan.
(2)	The price reported is the weighted average price of multiple transactions ranging from $55.26 to $56.17. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
(3)	The price reported is the weighted average price of multiple transactions ranging from $56.32 to $56.74. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
(4)	The price reported is the weighted average price of multiple transactions ranging from $57.02 to $58.02. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of 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 $58.03 to $58.55. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
(6)	The price reported is the weighted average price of multiple transactions ranging from $56.73 to $57.705. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
(7)	The reported amount consists of 7,279 restricted stock units. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
(8)	This nonstatutory stock option to purchase 107,656 shares of 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.
(9)	This nonstatutory stock option to purchase 191,098 shares of 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.
(10)	This nonstatutory stock option to purchase 161,529 shares of 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 continued service through each date.
(11)	This nonstatutory stock option to purchase 188,086 shares of 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.
(12)	This nonstatutory stock option to purchase 138,504 shares of 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.
(13)	This nonstatutory stock option to purchase 102,459 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.
(14)	This nonstatutory stock option to purchase 107,849 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 15, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
KURLAND STANFORD L C/O PENNYMAC FINANCIAL SERVICES, INC. 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361	X	X