10-Q Filing

PHH CORP CIK: 77776 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000077776-16-000013`
Period End Date	20160630
Filing Date	20160809
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	phh-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 112 Cash Flow Statement 69 Stockholders Equity 27 Comprehensive Income 24

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.09M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.09M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$906.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	273.91M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	273.91M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$958.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.00B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	53.53M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$47.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	55.01M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$54.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	55.01M	shares	Point-in-time
Mortgage loans held for sale	`LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage`	$922.00M	USD	Point-in-time
Mortgage loans held for sale	`LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage`	$743.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	53.53M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$82.00M	USD	Point-in-time
Pension adjustment, income tax benefit	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax`	$6.00M	USD	Point-in-time
Pension adjustment, income tax benefit	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax`	$6.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$81.00M	USD	Point-in-time
Amounts reclassified out of accumulated other comprehensive loss	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	2 Qtrs
Servicing advances, net	`ServicingAdvancesNet`	$691.00M	USD	Point-in-time
Amounts reclassified out of accumulated other comprehensive loss	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	1 Quarter
Servicing advances, net	`ServicingAdvancesNet`	$657.00M	USD	Point-in-time
Amounts reclassified out of accumulated other comprehensive loss	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	1 Quarter
Amounts reclassified out of accumulated other comprehensive loss	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	2 Qtrs
Mortgage servicing rights	`ServicingAssetAtFairValueAmount`	$1.02B	USD	Point-in-time
Mortgage servicing rights	`ServicingAssetAtFairValueAmount`	$1.00B	USD	Point-in-time
Mortgage servicing rights	`ServicingAssetAtFairValueAmount`	$679.00M	USD	Point-in-time
Mortgage servicing rights	`ServicingAssetAtFairValueAmount`	$880.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$50.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.00M	USD	Point-in-time
Other assets	`OtherAssets`	$182.00M	USD	Point-in-time
Other assets	`OtherAssets`	$247.00M	USD	Point-in-time
Total assets	`Assets`	$3.64B	USD	Point-in-time
Total assets	`Assets`	$3.63B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$225.00M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$251.00M	USD	Point-in-time
Subservicing advance liabilities	`SubservicingAdvanceLiabilities`	$316.00M	USD	Point-in-time
Subservicing advance liabilities	`SubservicingAdvanceLiabilities`	$314.00M	USD	Point-in-time
Debt	`DebtLongtermAndShorttermCombinedAmount`	$1.35B	USD	Point-in-time
Debt	`DebtLongtermAndShorttermCombinedAmount`	$1.47B	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilities`	$125.00M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilities`	$182.00M	USD	Point-in-time
Loan repurchase and indemnification liability	`LiabilitiesForProbableLossesRelatedToRepurchaseAndIndemnificationObligations`	$62.00M	USD	Point-in-time
Loan repurchase and indemnification liability	`LiabilitiesForProbableLossesRelatedToRepurchaseAndIndemnificationObligations`	$62.00M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$137.00M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$151.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.29B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.35B	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 1,090,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 1,090,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 273,910,000 shares authorized; 53,527,838 shares issued and outstanding at June 30, 2016; 55,007,983 shares issued and outstanding at December 31, 2015	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock, $0.01 par value; 273,910,000 shares authorized; 53,527,838 shares issued and outstanding at June 30, 2016; 55,007,983 shares issued and outstanding at December 31, 2015	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$883.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$911.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$374.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$416.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.00M	USD	Point-in-time
Total PHH Corporation stockholders equity	`StockholdersEquity`	$1.25B	USD	Point-in-time
Total PHH Corporation stockholders equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$33.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$30.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.53B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.57B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.64B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.63B	USD	Point-in-time

Income Statement 112 line items

Line Item	Tag	Value	Unit	Period
Origination and other loan fees	`FeesAndCommissionsMortgageBanking`	$140.00M	USD	2 Qtrs
Origination and other loan fees	`FeesAndCommissionsMortgageBanking`	$145.00M	USD	2 Qtrs
Origination and other loan fees	`FeesAndCommissionsMortgageBanking`	$79.00M	USD	1 Quarter
Origination and other loan fees	`FeesAndCommissionsMortgageBanking`	$87.00M	USD	1 Quarter
Gain on loans held for sale, net	`GainLossOnSalesOfLoansNet`	$77.00M	USD	1 Quarter
Gain on loans held for sale, net	`GainLossOnSalesOfLoansNet`	$86.00M	USD	1 Quarter
Gain on loans held for sale, net	`GainLossOnSalesOfLoansNet`	$168.00M	USD	2 Qtrs
Gain on loans held for sale, net	`GainLossOnSalesOfLoansNet`	$125.00M	USD	2 Qtrs
Loan servicing income	`ServicingFeesNet`	$100.00M	USD	1 Quarter
Loan servicing income	`ServicingFeesNet`	$204.00M	USD	2 Qtrs
Loan servicing income	`ServicingFeesNet`	$91.00M	USD	1 Quarter
Loan servicing income	`ServicingFeesNet`	$182.00M	USD	2 Qtrs
Change in fair value of mortgage servicing rights	`MortgageServicingRightsMSRImpairmentRecovery`	$105.00M	USD	1 Quarter
Change in fair value of mortgage servicing rights	`MortgageServicingRightsMSRImpairmentRecovery`	$-18.00M	USD	1 Quarter
Change in fair value of mortgage servicing rights	`MortgageServicingRightsMSRImpairmentRecovery`	$8.00M	USD	2 Qtrs
Change in fair value of mortgage servicing rights	`MortgageServicingRightsMSRImpairmentRecovery`	$226.00M	USD	2 Qtrs
Net derivative gain (loss) related to mortgage servicing rights	`MSRRelatedDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$143.00M	USD	2 Qtrs
Net derivative gain (loss) related to mortgage servicing rights	`MSRRelatedDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$4.00M	USD	2 Qtrs
Net derivative gain (loss) related to mortgage servicing rights	`MSRRelatedDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$58.00M	USD	1 Quarter
Net derivative gain (loss) related to mortgage servicing rights	`MSRRelatedDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-49.00M	USD	1 Quarter
Net loan servicing income	`NetLoanServicingIncomeLoss`	$69.00M	USD	1 Quarter
Net loan servicing income	`NetLoanServicingIncomeLoss`	$99.00M	USD	2 Qtrs
Net loan servicing income	`NetLoanServicingIncomeLoss`	$44.00M	USD	1 Quarter
Net loan servicing income	`NetLoanServicingIncomeLoss`	$200.00M	USD	2 Qtrs
Interest income	`InterestIncome`	$12.00M	USD	1 Quarter
Interest income	`InterestIncome`	$21.00M	USD	2 Qtrs
Interest income	`InterestIncome`	$13.00M	USD	1 Quarter
Interest income	`InterestIncome`	$22.00M	USD	2 Qtrs
Secured interest expense	`SecuredInterestExpense`	$18.00M	USD	2 Qtrs
Secured interest expense	`SecuredInterestExpense`	$9.00M	USD	1 Quarter
Secured interest expense	`SecuredInterestExpense`	$16.00M	USD	2 Qtrs
Secured interest expense	`SecuredInterestExpense`	$8.00M	USD	1 Quarter
Unsecured interest expense	`UnsecuredInterestExpense`	$11.00M	USD	1 Quarter
Unsecured interest expense	`UnsecuredInterestExpense`	$16.00M	USD	1 Quarter
Unsecured interest expense	`UnsecuredInterestExpense`	$33.00M	USD	2 Qtrs
Unsecured interest expense	`UnsecuredInterestExpense`	$21.00M	USD	2 Qtrs
Net interest expense	`InterestIncomeExpenseNet`	$-29.00M	USD	2 Qtrs
Net interest expense	`InterestIncomeExpenseNet`	$-12.00M	USD	1 Quarter
Net interest expense	`InterestIncomeExpenseNet`	$-7.00M	USD	1 Quarter
Net interest expense	`InterestIncomeExpenseNet`	$-16.00M	USD	2 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$14.00M	USD	2 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$5.00M	USD	2 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$3.00M	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$7.00M	USD	1 Quarter
Net revenues	`Revenues`	$353.00M	USD	2 Qtrs
Net revenues	`Revenues`	$498.00M	USD	2 Qtrs
Net revenues	`Revenues`	$196.00M	USD	1 Quarter
Net revenues	`Revenues`	$237.00M	USD	1 Quarter
Salaries and related expenses	`LaborAndRelatedExpense`	$85.00M	USD	1 Quarter
Salaries and related expenses	`LaborAndRelatedExpense`	$172.00M	USD	2 Qtrs
Salaries and related expenses	`LaborAndRelatedExpense`	$182.00M	USD	2 Qtrs
Salaries and related expenses	`LaborAndRelatedExpense`	$92.00M	USD	1 Quarter
Commissions	`Commissions`	$18.00M	USD	1 Quarter
Commissions	`Commissions`	$46.00M	USD	2 Qtrs
Commissions	`Commissions`	$27.00M	USD	1 Quarter
Commissions	`Commissions`	$30.00M	USD	2 Qtrs
Loan origination expenses	`LoanProcessingFee`	$25.00M	USD	1 Quarter
Loan origination expenses	`LoanProcessingFee`	$49.00M	USD	2 Qtrs
Loan origination expenses	`LoanProcessingFee`	$34.00M	USD	2 Qtrs
Loan origination expenses	`LoanProcessingFee`	$18.00M	USD	1 Quarter
Foreclosure and repossession expenses	`ForeclosedRealEstateExpense`	$15.00M	USD	1 Quarter
Foreclosure and repossession expenses	`ForeclosedRealEstateExpense`	$30.00M	USD	2 Qtrs
Foreclosure and repossession expenses	`ForeclosedRealEstateExpense`	$9.00M	USD	1 Quarter
Foreclosure and repossession expenses	`ForeclosedRealEstateExpense`	$16.00M	USD	2 Qtrs
Professional and third-party service fees	`ProfessionalFees`	$45.00M	USD	1 Quarter
Professional and third-party service fees	`ProfessionalFees`	$37.00M	USD	1 Quarter
Professional and third-party service fees	`ProfessionalFees`	$87.00M	USD	2 Qtrs
Professional and third-party service fees	`ProfessionalFees`	$76.00M	USD	2 Qtrs
Technology equipment and software expenses	`TechnologyEquipmentAndSoftwareExpenses`	$20.00M	USD	2 Qtrs
Technology equipment and software expenses	`TechnologyEquipmentAndSoftwareExpenses`	$9.00M	USD	1 Quarter
Technology equipment and software expenses	`TechnologyEquipmentAndSoftwareExpenses`	$10.00M	USD	1 Quarter
Technology equipment and software expenses	`TechnologyEquipmentAndSoftwareExpenses`	$19.00M	USD	2 Qtrs
Occupancy and other office expenses	`CommunicationsInformationTechnologyAndOccupancy`	$24.00M	USD	2 Qtrs
Occupancy and other office expenses	`CommunicationsInformationTechnologyAndOccupancy`	$11.00M	USD	1 Quarter
Occupancy and other office expenses	`CommunicationsInformationTechnologyAndOccupancy`	$24.00M	USD	2 Qtrs
Occupancy and other office expenses	`CommunicationsInformationTechnologyAndOccupancy`	$12.00M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$5.00M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$4.00M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$9.00M	USD	2 Qtrs
Depreciation and amortization	`OtherDepreciationAndAmortization`	$9.00M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$89.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$105.00M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$16.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$31.00M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$541.00M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$216.00M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$422.00M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$311.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-74.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-43.00M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-69.00M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-10.00M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-11.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-18.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-30.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-33.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-39.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-56.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.00M	USD	1 Quarter
Less: net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Less: net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Less: net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00M	USD	2 Qtrs
Less: net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00M	USD	2 Qtrs
Net loss attributable to PHH Corporation	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-41.00M	USD	2 Qtrs
Net loss attributable to PHH Corporation	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.00M	USD	1 Quarter
Net loss attributable to PHH Corporation	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-62.00M	USD	1 Quarter
Net loss attributable to PHH Corporation	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-42.00M	USD	2 Qtrs
Basic and Diluted loss per share attributable to PHH Corporation (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	1 Quarter
Basic and Diluted loss per share attributable to PHH Corporation (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-0.80	USD	2 Qtrs
Basic and Diluted loss per share attributable to PHH Corporation (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-1.20	USD	1 Quarter
Basic and Diluted loss per share attributable to PHH Corporation (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-0.78	USD	2 Qtrs

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-33.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-39.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-56.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.00M	USD	1 Quarter
Capitalization of originated mortgage servicing rights	`ServicingAssetAtFairValueAdditionsOriginatedMSRs`	$30.00M	USD	2 Qtrs
Capitalization of originated mortgage servicing rights	`ServicingAssetAtFairValueAdditionsOriginatedMSRs`	$48.00M	USD	2 Qtrs
Net loss on mortgage servicing rights and related derivatives	`ValuationAdjustmentsRelatedToMortgageServicingRightsNet`	$83.00M	USD	2 Qtrs
Net loss on mortgage servicing rights and related derivatives	`ValuationAdjustmentsRelatedToMortgageServicingRightsNet`	$4.00M	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-30.00M	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-30.00M	USD	1 Quarter
Origination of mortgage loans held for sale	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$7.26B	USD	2 Qtrs
Origination of mortgage loans held for sale	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$5.05B	USD	2 Qtrs
Proceeds on sale of and payments from mortgage loans held for sale	`ProceedsFromSaleAndCollectionOfLoansHeldforsale`	$5.00B	USD	2 Qtrs
Proceeds on sale of and payments from mortgage loans held for sale	`ProceedsFromSaleAndCollectionOfLoansHeldforsale`	$6.94B	USD	2 Qtrs
Net gain on interest rate lock commitments, mortgage loans held for sale and related derivatives	`NetGainLossOnInterestRateLockCommitmentsMortgageLoansHeldForSaleAndRelatedDerivatives`	$134.00M	USD	2 Qtrs
Net gain on interest rate lock commitments, mortgage loans held for sale and related derivatives	`NetGainLossOnInterestRateLockCommitmentsMortgageLoansHeldForSaleAndRelatedDerivatives`	$151.00M	USD	2 Qtrs
Depreciation and amortization	`OtherDepreciationAndAmortization`	$5.00M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$4.00M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$9.00M	USD	2 Qtrs
Depreciation and amortization	`OtherDepreciationAndAmortization`	$9.00M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxNoncashExpenseBenefit`	$-58.00M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxNoncashExpenseBenefit`	$-2.00M	USD	2 Qtrs
Other adjustments and changes in other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-84.00M	USD	2 Qtrs
Other adjustments and changes in other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-66.00M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.00M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-449.00M	USD	2 Qtrs
Net cash received on derivatives related to mortgage servicing rights	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-5.00M	USD	2 Qtrs
Net cash received on derivatives related to mortgage servicing rights	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-146.00M	USD	2 Qtrs
Proceeds on sale of mortgage servicing rights	`ProceedsFromSaleOfMortgageServicingRightsMSR`	$36.00M	USD	2 Qtrs
Proceeds on sale of mortgage servicing rights	`ProceedsFromSaleOfMortgageServicingRightsMSR`	$4.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.00M	USD	2 Qtrs
(Increase) decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$7.00M	USD	2 Qtrs
(Increase) decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-13.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$41.00M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$139.00M	USD	2 Qtrs
Proceeds from secured borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$9.20B	USD	2 Qtrs
Proceeds from secured borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$6.01B	USD	2 Qtrs
Principal payments on secured borrowings	`RepaymentsOfSecuredDebt`	$5.89B	USD	2 Qtrs
Principal payments on secured borrowings	`RepaymentsOfSecuredDebt`	$8.81B	USD	2 Qtrs
Principal payments on unsecured borrowings	`RepaymentsOfUnsecuredDebt`	$243.00M	USD	2 Qtrs
Principal payments on unsecured borrowings	`RepaymentsOfUnsecuredDebt`	-	USD	2 Qtrs
Cash tender premiums for convertible debt	`PaymentsOfDebtExtinguishmentCosts`	-	USD	2 Qtrs
Cash tender premiums for convertible debt	`PaymentsOfDebtExtinguishmentCosts`	$30.00M	USD	2 Qtrs
Repurchase of Common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of Common stock	`PaymentsForRepurchaseOfCommonStock`	$23.00M	USD	2 Qtrs
Cash paid for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.00M	USD	2 Qtrs
Cash paid for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$4.00M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$4.00M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	-	USD	2 Qtrs
Issuances of Common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Issuances of Common stock	`ProceedsFromIssuanceOfCommonStock`	$2.00M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$107.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$96.00M	USD	2 Qtrs
Net increase (decrease) in Cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$99.00M	USD	2 Qtrs
Net increase (decrease) in Cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-301.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$906.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$958.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$906.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$958.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Excess tax shortfall from Deficiency from share-based compensation	`AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation`	$9.00M	USD	2 Qtrs
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.53B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.57B	USD	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesIssued`	53.53M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesIssued`	55.01M	shares	Point-in-time
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-56.00M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-39.00M	USD	2 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-9.00M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-32.00M	USD	2 Qtrs
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.00M	USD	2 Qtrs
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.00M	USD	2 Qtrs
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.00M	USD	2 Qtrs
Stock issued under share-based payment plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-9.00M	USD	2 Qtrs
Stock issued under share-based payment plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.00M	USD	2 Qtrs
Repurchase of Common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.00M	USD	2 Qtrs
Repurchase of Common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$23.00M	USD	2 Qtrs
Conversion of Convertible Notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$-15.00M	USD	2 Qtrs
Conversion of Convertible Notes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	10.08M	shares	Point-in-time
Recognition of deferred taxes related to Convertible notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$2.00M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.53B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.57B	USD	Point-in-time
Ending Balance (in shares)	`CommonStockSharesIssued`	53.53M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesIssued`	55.01M	shares	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-33.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-39.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-56.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.00M	USD	1 Quarter
Change in unfunded pension liability, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	2 Qtrs
Change in unfunded pension liability, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Change in unfunded pension liability, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	2 Qtrs
Change in unfunded pension liability, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	2 Qtrs
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-56.00M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-39.00M	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-9.00M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-32.00M	USD	2 Qtrs
Less: comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.00M	USD	2 Qtrs
Less: comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$8.00M	USD	2 Qtrs
Less: comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Comprehensive loss attributable to PHH Corporation	`ComprehensiveIncomeNetOfTax`	$-42.00M	USD	2 Qtrs
Comprehensive loss attributable to PHH Corporation	`ComprehensiveIncomeNetOfTax`	$-12.00M	USD	1 Quarter
Comprehensive loss attributable to PHH Corporation	`ComprehensiveIncomeNetOfTax`	$-40.00M	USD	2 Qtrs
Comprehensive loss attributable to PHH Corporation	`ComprehensiveIncomeNetOfTax`	$-62.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.