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                             July 28, 2023

       Daniel S. Perotti
       Chief Financial Officer
       PennyMac Financial Services, Inc.
       3043 Townsgate Road
       Westlake Village, California 91361

                                                        Re: PennyMac Financial
Services, Inc.
                                                            Form 10-K for the
fiscal year ended December 31, 2022
                                                            Filed February 22,
2023
                                                            File No. 001-38727

       Dear Daniel S. Perotti:

               We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comment. In our comment, we may ask
you to provide us
       with information so we may better understand your disclosure.

              Please respond to this comment within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comment applies to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to this comment, we may have additional comments.

       Form 10-K for the fiscal year ended December 31, 2022

       Consolidated Financial Statements
       Notes to Consolidated Financial Statements
       Note 3 - Significant Accounting Policies - Servicing Advances, page F-12

   1.                                                   Please revise future
filings to disclose the material information required by ASC 326-20-
                                                        50 related to the
valuation allowance for your servicing advances, including a roll-forward
                                                        of the allowance for
credit losses for each period presented. Please provide us your
                                                        proposed disclosure.
 Daniel S. Perotti
PennyMac Financial Services, Inc.
July 28, 2023
Page 2

       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       You may contact Katharine Garrett at 202-551-2332 or Michael Volley at
202-551-3437
with any questions.



FirstName LastNameDaniel S. Perotti                       Sincerely,
Comapany NamePennyMac Financial Services, Inc.
                                                          Division of
Corporation Finance
July 28, 2023 Page 2                                      Office of Finance
FirstName LastName