| **CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions** | 3 Months Ended | 9 Months Ended |
|-----------------------------------------------------------------------------------------|----------------|----------------|
||
| **REVENUES**                                                                            |           |           |   |   |
| Origination and other loan fees                                                         | $ 33           | $ 75           | $ 114 | $ 215 |
| Gain on loans held for sale, net                                                        | 35             | 87             | 129 | 212 |
| Loan servicing income, net                                                              | 35             | 39             | 96 | 138 |
| Net interest expense                                                                    | (10)           | (7)            | (23) | (23) |
| Other income                                                                            | 28             | 3              | 31 | 8 |
| Net revenues                                                                            | 121            | 197            | 347 | 550 |
| **EXPENSES**                                                                            |           |           |   |   |
| Salaries and related expenses                                                           | 62             | 86             | 223 | 268 |
| Commissions                                                                             | 13             | 19             | 38 | 49 |
| Loan origination expenses                                                               | 9              | 18             | 27 | 52 |
| Foreclosure and repossession expenses                                                   | 4              | 10             | 16 | 26 |
| Professional and third-party service fees                                               | 25             | 35             | 92 | 111 |
| Technology equipment and software expenses                                              | 9              | 10             | 27 | 30 |
| Occupancy and other office expenses                                                     | 8              | 11             | 26 | 35 |
| Depreciation and amortization                                                           | 4              | 4              | 11 | 13 |
| Exit and disposal costs                                                                 | 8              | 0              | 49 | 0 |
| Other operating expenses                                                                | 57             | 33             | 104 | 64 |
| Total expenses                                                                          | 199            | 226            | 613 | 648 |
| Loss before income taxes                                                                | (78)           | (29)           | (266) | (98) |
| Income tax benefit                                                                      | (36)           | (8)            | (103) | (38) |
| Net loss                                                                                | (42)           | (21)           | (163) | (60) |
| Less: net income attributable to noncontrolling interest                                | 13             | 6              | 5 | 9 |
| Net loss attributable to PHH Corporation                                                | $ (55)         | $ (27)         | $ (168) | $ (69) |
| Basic and Diluted loss per share attributable to PHH Corporation (in usd per share)     | $ (1.14)       | $ (0.50)       | $ (3.25) | $ (1.28) |

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Amount of expenses for commissions.
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Amount of servicing income (loss) received from third parties related to the entire mortgage servicing portfolio and other servicing activities . Includes servicing fees, subservicing fees, late fees and other ancillary revenues, curtailment interest paid to investors, net reinsurance gain (loss) and valuation adjustments related to mortgage servicing rights, net.
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Represents the amount of expense associated with technology equipment and software.
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| - Definition
The aggregate amount of communications, data processing and occupancy expenses.
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| - Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements.  Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period.  Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
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| - Definition
The noninterest income derived from mortgage banking activities (fees and commissions), excluding fees earned from servicing third-party assets.
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Amount of expense recognized during the period for the foreclosure on real estate assets.
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| - Definition
The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes.
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| - Definition
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
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| - Definition
The net amount of operating interest income (expense).
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| - Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense.
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Expenses paid for obtaining loans which includes expenses such as application and origination fees.
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| - Definition
Amount of Net Income (Loss) attributable to noncontrolling interest.
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| - Definition
Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.
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| - Definition
Amount of revenue earned, classified as other, excluding interest income.
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| - Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation.
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Amount of expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other.
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| - Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.
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| - Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
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Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost.
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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
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