CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
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)