CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Origination and other loan fees	$ 284	$ 231	$ 307
Gain on loans held for sale, net	298	264	575
Net loan servicing income:
Loan servicing income	394	448	436
Change in fair value of mortgage servicing rights	(187)	(320)	13
Net derivative gain (loss) related to mortgage servicing rights	29	82	(19)
Net loan servicing income	236	210	430
Net interest expense:
Interest income	44	42	70
Secured interest expense	(35)	(35)	(59)
Unsecured interest expense	(55)	(95)	(126)
Net interest expense	(46)	(88)	(115)
Other income	18	22	3
Net revenues	790	639	1,200
EXPENSES
Salaries and related expenses	323	358	425
Commissions	79	78	110
Loan origination expenses	91	85	109
Foreclosure and repossession expenses	51	56	61
Professional and third-party service fees	171	127	111
Technology equipment and software expenses	37	37	33
Occupancy and other office expenses	50	51	50
Depreciation and amortization	18	23	23
Other operating expenses	183	108	138
Total expenses	1,003	923	1,060
(Loss) income from continuing operations before income taxes	(213)	(284)	140
Income tax (benefit) expense	(82)	(99)	42
(Loss) income from continuing operations, net of tax	(131)	(185)	98
Income from discontinued operations, net of tax	0	272	66
Net (loss) income	(131)	87	164
Less: net income attributable to noncontrolling interest	14	6	29
Net (loss) income attributable to PHH Corporation	$ (145)	$ 81	$ 135
Basic (loss) earnings per share:
From continuing operations (in dollars per share)	$ (2.62)	$ (3.47)	$ 1.21
From discontinued operations (in dollars per share)	0.00	4.94	1.15
Total attributable to PHH Corporation (in dollars per share)	(2.62)	1.47	2.36
Diluted (loss) earnings per share:
From continuing operations (in dollars per share)	(2.62)	(3.47)	1.05
From discontinued operations (in dollars per share)	0.00	4.94	1.01
Total attributable to PHH Corporation (in dollars per share)	$ (2.62)	$ 1.47	$ 2.06