CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Revenues
Mortgage fees	$ 295	$ 291	$ 275
Fleet management fees	173	157	150
Net fee income	468	448	425
Fleet lease income	1,400	1,370	1,441
Gain on mortgage loans, net	567	635	610
Mortgage interest income	114	110	89
Mortgage interest expense	(202)	(183)	(147)
Mortgage net finance expense	(88)	(73)	(58)
Loan servicing income	456	415	431
Change in fair value of mortgage servicing rights	(733)	(427)	(280)
Net derivative loss related to mortgage servicing rights	(3)
Valuation adjustments related to mortgage servicing rights, net	(736)	(427)	(280)
Net loan servicing (loss) income	(280)	(12)	151
Other income	147	70	37
Net revenues	2,214	2,438	2,606
Expenses
Salaries and related expenses	507	497	482
Occupancy and other office expenses	59	60	59
Depreciation on operating leases	1,223	1,224	1,267
Fleet interest expense	79	91	89
Other depreciation and amortization	25	22	26
Other operating expenses	523	429	403
Total expenses	2,416	2,323	2,326
(Loss) income before income taxes	(202)	115	280
Income tax (benefit) expense	(100)	39	107
Net (loss) income	(102)	76	173
Less: net income attributable to noncontrolling interest	25	28	20
Net (loss) income attributable to PHH Corporation	$ (127)	$ 48	$ 153
Basic (loss) earnings per share attributable to PHH Corporation (in dollars per share)	$ (2.26)	$ 0.87	$ 2.80
Diluted (loss) earnings per share attributable to PHH Corporation (in dollars per share)	$ (2.26)	$ 0.86	$ 2.77