CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
REVENUES
Mortgage fees	$ 47	$ 79
Fleet management fees	44	43
Net fee income	91	122
Fleet lease income	343	332
Gain on mortgage loans, net	51	187
Mortgage interest income	8	20
Mortgage interest expense	(38)	(48)
Mortgage net finance expense	(30)	(28)
Loan servicing income	115	108
Change in fair value of mortgage servicing rights	(79)	5
Net derivative gain (loss) related to mortgage servicing rights	6	(16)
Valuation adjustments related to mortgage servicing rights, net	(73)	(11)
Net loan servicing income	42	97
Other income	20	20
Net revenues	517	730
EXPENSES
Salaries and related expenses	127	159
Occupancy and other office expenses	17	15
Depreciation on operating leases	300	302
Fleet interest expense	13	15
Other depreciation and amortization	8	7
Other operating expenses	123	136
Total expenses	588	634
(Loss) income before income taxes	(71)	96
Income tax (benefit) expense	(27)	32
Net (loss) income	(44)	64
Less: net (loss) income attributable to noncontrolling interest	(2)	12
Net (loss) income attributable to PHH Corporation	$ (42)	$ 52
Basic (loss) earnings per share attributable to PHH Corporation (in dollars per share)	$ (0.73)	$ 0.90
Diluted (loss) earnings per share attributable to PHH Corporation (in dollars per share)	$ (0.73)	$ 0.79