CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
REVENUES
Origination and other loan fees	$ 79	$ 87	$ 140	$ 145
Gain on loans held for sale, net	77	86	125	168
Net loan servicing income:
Loan servicing income	91	100	182	204
Change in fair value of mortgage servicing rights	(105)	18	(226)	(8)
Net derivative gain (loss) related to mortgage servicing rights	58	(49)	143	4
Net loan servicing income	44	69	99	200
Net interest expense:
Interest income	12	13	21	22
Secured interest expense	(8)	(9)	(16)	(18)
Unsecured interest expense	(11)	(16)	(21)	(33)
Net interest expense	(7)	(12)	(16)	(29)
Other income	3	7	5	14
Net revenues	196	237	353	498
EXPENSES
Salaries and related expenses	92	85	182	172
Commissions	18	27	30	46
Loan origination expenses	18	25	34	49
Foreclosure and repossession expenses	9	15	16	30
Professional and third-party service fees	37	45	76	87
Technology equipment and software expenses	10	9	20	19
Occupancy and other office expenses	11	12	24	24
Depreciation and amortization	5	4	9	9
Other operating expenses	16	89	31	105
Total expenses	216	311	422	541
Loss before income taxes	(20)	(74)	(69)	(43)
Income tax benefit	(11)	(18)	(30)	(10)
Net loss	(9)	(56)	(39)	(33)
Less: net income attributable to noncontrolling interest	3	6	3	8
Net loss attributable to PHH Corporation	$ (12)	$ (62)	$ (42)	$ (41)
Basic and Diluted loss per share attributable to PHH Corporation (in usd per share)	$ (0.22)	$ (1.20)	$ (0.78)	$ (0.80)