CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUES
Mortgage fees	$ 64	$ 86	$ 170	$ 247
Gain on mortgage loans, net	69	109	200	493
Mortgage interest income	13	20	33	59
Mortgage interest expense	(31)	(47)	(104)	(143)
Mortgage net finance expense	(18)	(27)	(71)	(84)
Loan servicing income	110	116	335	312
Change in fair value of mortgage servicing rights	(84)	(74)	(215)	6
Net derivative gain (loss) related to mortgage servicing rights			26	(17)
Valuation adjustments related to mortgage servicing rights, net	(84)	(74)	(189)	(11)
Net loan servicing income	26	42	146	301
Other income	11	1	14	5
Net revenues	152	211	459	962
EXPENSES
Salaries and related expenses	120	140	336	416
Occupancy and other office expenses	12	12	37	37
Other depreciation and amortization	6	6	18	17
Other operating expenses	143	154	311	388
Total expenses	281	312	702	858
(Loss) income from continuing operations before income taxes	(129)	(101)	(243)	104
Income tax (benefit) expense	(44)	(38)	(89)	33
(Loss) income from continuing operations, net of tax	(85)	(63)	(154)	71
Income from discontinued operations, net of tax	303	17	273	49
Net income (loss)	218	(46)	119	120
Less: net income attributable to noncontrolling interest	3	6	5	30
Net income (loss) attributable to PHH Corporation	$ 215	$ (52)	$ 114	$ 90
Basic earnings (loss) per share:
From continuing operations (in dollars per share)	$ (1.64)	$ (1.19)	$ (2.83)	$ 0.73
From discontinued operations (in dollars per share)	$ 5.64	$ 0.29	$ 4.86	$ 0.85
Total attributable to PHH Corporation (in dollars per share)	$ 4.00	$ (0.90)	$ 2.03	$ 1.58
Diluted earnings (loss) per share:
From continuing operations (in dollars per share)	$ (1.64)	$ (1.19)	$ (2.83)	$ 0.64
From discontinued operations (in dollars per share)	$ 5.64	$ 0.29	$ 4.86	$ 0.74
Total attributable to PHH Corporation (in dollars per share)	$ 4.00	$ (0.90)	$ 2.03	$ 1.38