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  <xsd:element id="phh_MSRRelatedDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" name="MSRRelatedDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_MSRRelatedDerivativesMSRRiskMember" name="MSRRelatedDerivativesMSRRiskMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_MSRWeightedAverageServicingFee" name="MSRWeightedAverageServicingFee" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_MortgageInterestIncomeMember" name="MortgageInterestIncomeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_MortgageLoansHeldForSaleMember" name="MortgageLoansHeldForSaleMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_MortgageLoansInProcessOfForeclosureNetAmount" name="MortgageLoansInProcessOfForeclosureNetAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="phh_MortgageLoansSoldEligibleForRepurchaseAsset" name="MortgageLoansSoldEligibleForRepurchaseAsset" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="phh_MortgageProductionSegmentMember" name="MortgageProductionSegmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_MortgageServicingRightsMember" name="MortgageServicingRightsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_MortgageServicingSegmentMember" name="MortgageServicingSegmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_NetDerivativeGainLossMortgageServicingRightsMember" name="NetDerivativeGainLossMortgageServicingRightsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_NetGainLossOnInterestRateLockCommitmentsMortgageLoansHeldForSaleAndRelatedDerivatives" name="NetGainLossOnInterestRateLockCommitmentsMortgageLoansHeldForSaleAndRelatedDerivatives" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="phh_NetLoanServicingIncomeLoss" name="NetLoanServicingIncomeLoss" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="phh_NumberOfDaysDelinquentBeforeRepurchaseEligible" name="NumberOfDaysDelinquentBeforeRepurchaseEligible" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_NumberOfLoansInForeclosure" name="NumberOfLoansInForeclosure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="phh_ObservableRecentPricingOfSimilarInstrumentsValuationTechniqueMember" name="ObservableRecentPricingOfSimilarInstrumentsValuationTechniqueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_OpenMarketShareRepurchaseProgramMember" name="OpenMarketShareRepurchaseProgramMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_OtherMortgageMember" name="OtherMortgageMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_OwnedMember" name="OwnedMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_PHHHomeLoansMember" name="PHHHomeLoansMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_PercentageOfLoansWithFullRiskOfLossOrRepresentationAndWarrantyBreachesMinimumNinetyDaysDelinquent" name="PercentageOfLoansWithFullRiskOfLossOrRepresentationAndWarrantyBreachesMinimumNinetyDaysDelinquent" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="phh_PercentageOfMortgageServicingRightsRestrictedFromSaleWithoutPriorApproval" name="PercentageOfMortgageServicingRightsRestrictedFromSaleWithoutPriorApproval" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="phh_PeriodFromOriginationOfLoansWithinWhichLoansAreSoldToInvestors" name="PeriodFromOriginationOfLoansWithinWhichLoansAreSoldToInvestors" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_PortfolioDelinquencyAbstract" name="PortfolioDelinquencyAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_PortfolioDelinquencyByPeriodAxis" name="PortfolioDelinquencyByPeriodAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_PortfolioDelinquencyByPeriodDomain" name="PortfolioDelinquencyByPeriodDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_PrincipalAmountOfLoansInServicingPortfolioRollForward" name="PrincipalAmountOfLoansInServicingPortfolioRollForward" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_PrivateLabelServicesMember" name="PrivateLabelServicesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_PrivateLabelSolutionsMortgageProductionVolumePercentage" name="PrivateLabelSolutionsMortgageProductionVolumePercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_RatioOfMSRCarryingValueToPrincipalAmountOfLoansInCapitalizedServingPortfolio" name="RatioOfMSRCarryingValueToPrincipalAmountOfLoansInCapitalizedServingPortfolio" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_RealEstateAcquiredThroughForeclosureBeforeAdjustmentToEstimatedNetRealizableValue" name="RealEstateAcquiredThroughForeclosureBeforeAdjustmentToEstimatedNetRealizableValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="phh_RecourseObligationsMember" name="RecourseObligationsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_RepurchaseAndForeclosureRelatedReserves" name="RepurchaseAndForeclosureRelatedReserves" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="phh_RepurchaseAndForeclosureRelatedReservesIncreaseDecreaseFromChangeInAssumptions" name="RepurchaseAndForeclosureRelatedReservesIncreaseDecreaseFromChangeInAssumptions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="phh_RepurchaseAndForeclosureRelatedReservesIncreaseNewLoanSales" name="RepurchaseAndForeclosureRelatedReservesIncreaseNewLoanSales" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="phh_RepurchaseAndForeclosureRelatedReservesRealizedLosses" name="RepurchaseAndForeclosureRelatedReservesRealizedLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_RepurchaseAndForeclosureRelatedReservesRollForward" name="RepurchaseAndForeclosureRelatedReservesRollForward" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ScheduleOfCashFlowsBetweenTransferorAndTransfereeTableTextBlock" name="ScheduleOfCashFlowsBetweenTransferorAndTransfereeTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ScheduleOfComponentsOfLoanServicingPortfolioTableTextBlock" name="ScheduleOfComponentsOfLoanServicingPortfolioTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ScheduleOfComponentsOfMortgageLoansHeldForSaleTableTextBlock" name="ScheduleOfComponentsOfMortgageLoansHeldForSaleTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ScheduleOfLoanServicingPortfolioActivityAssociatedWithCapitalizedServicingRightsTableTextBlock" name="ScheduleOfLoanServicingPortfolioActivityAssociatedWithCapitalizedServicingRightsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ScheduleOfLoansInForeclosureRealEstateOwnedTableTextBlock" name="ScheduleOfLoansInForeclosureRealEstateOwnedTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ScheduleOfPortfolioDelinquencyTableTextBlock" name="ScheduleOfPortfolioDelinquencyTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ScheduleOfRepurchaseAndForeclosureRelatedReservesTableTextBlock" name="ScheduleOfRepurchaseAndForeclosureRelatedReservesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ScheduleOfServicingFeesLateFeesAndOtherAncillaryServicingRevenueTableTextBlock" name="ScheduleOfServicingFeesLateFeesAndOtherAncillaryServicingRevenueTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_ScratchAndDentMember" name="ScratchAndDentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_SecuredInterestExpense" name="SecuredInterestExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_SecuritizationFinancialAssetForWhichTransferAccountedAsSaleAbstract" name="SecuritizationFinancialAssetForWhichTransferAccountedAsSaleAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_SegmentIncomeLossFromContinuingOperationsBeforeIncomeTaxesAttributableToParent" name="SegmentIncomeLossFromContinuingOperationsBeforeIncomeTaxesAttributableToParent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_SeniorNotes6.375PercentDue2021Member" name="SeniorNotes6.375PercentDue2021Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_SeniorNotes7.375PercentDue2019Member" name="SeniorNotes7.375PercentDue2019Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInWeightedAverageDelinquencyRate" name="SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInWeightedAverageDelinquencyRate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="phh_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInWeightedAverageDelinquencyRate" name="SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInWeightedAverageDelinquencyRate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="phh_ServicerAdvanceReceivableTrustMember" name="ServicerAdvanceReceivableTrustMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ServicingAdvancesNet" name="ServicingAdvancesNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="phh_ServicingAssetAtFairValueAdditionsOriginatedMSRs" name="ServicingAssetAtFairValueAdditionsOriginatedMSRs" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_ServicingAssetAtFairValueChangesInFairValueAbstract" name="ServicingAssetAtFairValueChangesInFairValueAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_ServicingAssetPrincipalAdditions" name="ServicingAssetPrincipalAdditions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="phh_ServicingAssetPrincipalPayoffsAndCurtailments" name="ServicingAssetPrincipalPayoffsAndCurtailments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="phh_ServicingAssetPrincipalSales" name="ServicingAssetPrincipalSales" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="phh_ServicingPortfolioPrincipalAmount" name="ServicingPortfolioPrincipalAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="phh_ServicingRightPortfolioUnpaidPrincipalBalanceAxis" name="ServicingRightPortfolioUnpaidPrincipalBalanceAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_ServicingRightPortfolioUnpaidPrincipalBalanceLineItems" name="ServicingRightPortfolioUnpaidPrincipalBalanceLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_ServicingRightPortfolioUnpaidPrincipalBalanceTable" name="ServicingRightPortfolioUnpaidPrincipalBalanceTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_ShareRepurchasesLineItems" name="ShareRepurchasesLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_ShareRepurchasesTable" name="ShareRepurchasesTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_SubservicedMember" name="SubservicedMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_SubservicingAdvanceLiabilities" name="SubservicingAdvanceLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="phh_TechnologyEquipmentAndSoftwareExpenses" name="TechnologyEquipmentAndSoftwareExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_UncommittedWarehouseFacilitiesMember" name="UncommittedWarehouseFacilitiesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_UnsecuredInterestExpense" name="UnsecuredInterestExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="phh_ValuationAdjustmentsRelatedToMortgageServicingRightsNet" name="ValuationAdjustmentsRelatedToMortgageServicingRightsNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="phh_VariableInterestEntitiesAbstract" name="VariableInterestEntitiesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="phh_WeightedAverageInterestRateOnLoansInServicingPortfolio" name="WeightedAverageInterestRateOnLoansInServicingPortfolio" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="phh_WellsFargoBankMember" name="WellsFargoBankMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
</xsd:schema>
</XBRL>