PennyMac Financial Services, Inc. Announces Postponement of Proposed Private Offering of $300 Million of Senior Notes

PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced that due to current market conditions, its direct and indirect controlled subsidiaries, Private National Mortgage Acceptance Company, LLC and PNMAC Finance Corporation, have postponed the previously announced private offering of $300 million aggregate principal amount of senior notes due 2021.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offering, solicitation or sale would be unlawful.

About PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections and assumptions with respect to, among other things, the proposed terms of the offering of the Notes and the use of proceeds therefrom. Words like “believe,” “expect,” “anticipate,” “promise,” “plan,” and other expressions or words of similar meanings, as well as future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” are generally intended to identify forward-looking statements. Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein. Factors which could cause actual results to differ materially from historical results or those anticipated include, but are not limited to: the Issuers’ ability to price and close the offering; the actual use of proceeds therefrom; and other factors listed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. You should not place undue reliance on any forward-looking statement and should consider all of the uncertainties and risks described above, as well as those more fully discussed in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, and the statements made in this press release are current as of the date of this release only.

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