Condensed Consolidated Statements of Operations (Unaudited) (USD $) In Millions, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues
Mortgage fees	$ 56	$ 66	$ 142	$ 118
Fleet management fees	44	40	86	78
Net fee income	100	106	228	196
Fleet lease income	343	349	680	688
Gain on mortgage loans, net	119	139	178	244
Mortgage interest income	23	22	58	40
Mortgage interest expense	(48)	(41)	(102)	(79)
Mortgage net finance expense	(25)	(19)	(44)	(39)
Loan servicing income	117	97	225	198
Change in fair value of mortgage servicing rights	(159)	(320)	(191)	(372)
Net loan servicing (loss) income	(42)	(223)	34	(174)
Other income	21	19	105	33
Net revenues	516	371	1,181	948
Expenses
Salaries and related expenses	117	119	251	233
Occupancy and other office expenses	15	14	30	29
Depreciation on operating leases	309	306	615	614
Fleet interest expense	21	25	41	48
Other depreciation and amortization	6	5	12	11
Other operating expenses	114	117	213	209
Total expenses	582	586	1,162	1,144
(Loss) income before income taxes	(66)	(215)	19	(196)
Income tax (benefit) expense	(29)	(89)	4	(78)
Net (loss) income	(37)	(126)	15	(118)
Less: net income attributable to noncontrolling interest	4	7	7	7
Net (loss) income attributable to PHH Corporation	$ (41)	$ (133)	$ 8	$ (125)
Basic (loss) earnings per share attributable to PHH Corporation	$ (0.73)	$ (2.40)	$ 0.14	$ (2.26)
Diluted (loss) earnings per share attributable to PHH Corporation	$ (0.73)	$ (2.40)	$ 0.14	$ (2.26)