PHH Corporation : Kathryn Ruggieri Named Senior Vice President and Chief Human Resources Officer of PHH Corporation

PHH Corporation : Kathryn Ruggieri Named Senior Vice President and Chief Human
                     Resources Officer of PHH Corporation

Mt. Laurel, NJ - February 5, 2013 - PHH Corporation (NYSE: PHH) ("PHH" or the
"Company") announced today that Kathryn M. Ruggieri has been named Senior Vice
President and Chief Human Resources Officer. Ruggieri has served as Interim
Chief Human Resources Officer since September 2012.

Ruggieri joined PHH in 2010 as Vice President, Talent Management and
Organization Effectiveness, and was responsible for evolving talent and
performance management practices and driving employee engagement across the
Company. Ruggieri has over 30 years of human resources experience,
particularly with organizations undergoing transformation and growth. Her
expertise is in the area of talent management, organizational assessment and
leadership development. Prior roles include Vice President, Talent Management
at Drexel University; Director, Organization Development at MedQuist; and Vice
President, Organization Effectiveness and Executive Development at Unisys
Corporation.

"Our employees play a critical role in the success of our customers and our
business," said Glen Messina, president and CEO of PHH Corporation. "I am
excited to have someone as experienced and knowledgeable as Kathryn, who
understands the Fleet and Mortgage businesses, as well as the culture of PHH,
leading the execution of our human resources strategy to drive business growth
and support our overall strategic direction."

Ruggieri said, "Glen and the entire executive leadership team believe in and
are committed to fostering an engaged and satisfied workforce, which we know
will deliver greater value to our customers and shareholders. I look forward
to further developing and implementing our human capital strategy to enable
PHH to achieve its business goals through high performing, engaged employees."

About PHH Corporation

Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading
provider of business process management services for the mortgage and fleet
industries. Its subsidiary, PHH Mortgage, is one of the largest originators
and servicers of residential mortgages in the United States^1, and its
subsidiary, PHH Arval, is a leading fleet management services provider in the
United States and Canada. PHH is dedicated to delivering premier customer
service and providing value-added solutions to its clients. For additional
information about PHH and its subsidiaries, please visit the Company's website
at www.phh.com.

^1  Inside Mortgage Finance, Copyright 2012.

Contact Information:

Investors
Jim Ballan
jim.ballan@phh.com
856-917-4311

Media
Dico Akseraylian
dico.akseraylian@phh.com
410-771-2038

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Source: PHH Corporation via Thomson Reuters ONE
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