CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
REVENUES
Origination and other loan fees	$ 75	$ 75	$ 215	$ 220
Gain on loans held for sale, net	87	69	212	237
Net loan servicing income:
Loan servicing income	89	94	271	298
Change in fair value of mortgage servicing rights	(46)	(115)	(272)	(123)
Net derivative (loss) gain related to mortgage servicing rights	(4)	50	139	54
Net loan servicing income	39	29	138	229
Net interest expense:
Interest income	11	13	32	35
Secured interest expense	(8)	(9)	(24)	(27)
Unsecured interest expense	(10)	(11)	(31)	(44)
Net interest expense	(7)	(7)	(23)	(36)
Other income	3	3	8	17
Net revenues	197	169	550	667
EXPENSES
Salaries and related expenses	86	79	268	251
Commissions	19	19	49	65
Loan origination expenses	18	23	52	72
Foreclosure and repossession expenses	10	11	26	41
Professional and third-party service fees	35	39	111	126
Technology equipment and software expenses	10	9	30	28
Occupancy and other office expenses	11	15	35	39
Depreciation and amortization	4	4	13	13
Other operating expenses	33	57	64	162
Total expenses	226	256	648	797
Loss before income taxes	(29)	(87)	(98)	(130)
Income tax benefit	(8)	(40)	(38)	(50)
Net loss	(21)	(47)	(60)	(80)
Less: net income attributable to noncontrolling interest	6	3	9	11
Net loss attributable to PHH Corporation	$ (27)	$ (50)	$ (69)	$ (91)
Basic and Diluted loss per share attributable to PHH Corporation (in usd per share)	$ (0.50)	$ (0.84)	$ (1.28)	$ (1.68)