CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUES
Mortgage fees	$ 86	$ 91	$ 247	$ 254
Fleet management fees	43	45	130	137
Net fee income	129	136	377	391
Fleet lease income	339	340	1,014	1,014
Gain on mortgage loans, net	109	257	493	695
Mortgage interest income	20	24	59	70
Mortgage interest expense	(47)	(54)	(143)	(162)
Mortgage net finance expense	(27)	(30)	(84)	(92)
Loan servicing income	116	112	312	333
Change in fair value of mortgage servicing rights	(74)	(225)	6	(451)
Net derivative gain (loss) related to mortgage servicing rights		8	(17)	5
Valuation adjustments related to mortgage servicing rights, net	(74)	(217)	(11)	(446)
Net loan servicing income (loss)	42	(105)	301	(113)
Other income	23	26	66	65
Net revenues	615	624	2,167	1,960
EXPENSES
Salaries and related expenses	160	159	482	438
Occupancy and other office expenses	16	15	48	43
Depreciation on operating leases	305	304	912	908
Fleet interest expense	15	18	44	52
Other depreciation and amortization	8	7	24	19
Other operating expenses	185	177	477	512
Total expenses	689	680	1,987	1,972
(Loss) income before income taxes	(74)	(56)	180	(12)
Income tax (benefit) expense	(28)	(33)	60	(32)
Net (loss) income	(46)	(23)	120	20
Less: net income attributable to noncontrolling interest	6	19	30	44
Net (loss) income attributable to PHH Corporation	$ (52)	$ (42)	$ 90	$ (24)
Basic (loss) earnings per share attributable to PHH Corporation (in dollars per share)	$ (0.90)	$ (0.74)	$ 1.58	$ (0.42)
Diluted (loss) earnings per share attributable to PHH Corporation (in dollars per share)	$ (0.90)	$ (0.74)	$ 1.38	$ (0.42)