PHH CORPORATION (NYSE:PHH) Files An 8-K Other Events

Item 8.01. Other Events.

On January30, 2017, PHH Corporation (PHH or the Company)
announced that it will host a conference call at 10:00
a.m.(Eastern Time) on Thursday, February16, 2017, to discuss the
outcomes and conclusions of its evaluation of strategic
alternatives, including certain additional execution actions, and
to discuss its fourth quarter 2016 results.

In connection with the proposed transactions under that certain
Agreement for the Purchase and Sale of Servicing Rights, dated as
of December27, 2016, by and between New Residential Mortgage LLC,
PHH Mortgage Corporation and, solely for the limited purposes set
forth therein, PHH, PHH will file with the Securities and
Exchange Commission (SEC), and furnish to its stockholders, a
proxy statement soliciting proxies for a special meeting of
stockholders. Stockholders are strongly advised to read
the proxy statement and any other relevant documents filed with
the SEC as they become available because they will contain
important information about the proposed transaction.
Stockholders may obtain a copy of the proxy statement when
available along with other documents filed by the Company, free
of charge, by contacting PHH Investor Relations: in writing at
PHH Corporation, 3000 Leadenhall Road, Mt. Laurel, NJ 08054, by
telephone at 856-917-7405, by email at
[email protected], or by accessing the PHH website at
www.phh.com, or the SEC website at www.sec.gov.

The Company and its directors, executive officers, and certain
other members of its management and employees may be deemed to be
participants in the solicitation of proxies from its stockholders
in connection with the proposed transaction. Information
concerning PHHs directors and executive officers is set forth in
the proxy statement for PHH 2016 annual meeting of stockholders
as filed with the SEC on Schedule 14A on April28, 2016, and in
its most recent Annual Report on Form10-K for the fiscal year
ended December31, 2015 as filed with the SEC on February26, 2016.
Information regarding the interests of such directors and
executive officers in the solicitation will be more specifically
set forth in the proxy statement concerning the proposed
transaction that will be filed with the SEC. In addition to the
proxy statement, PHH files annual, quarterly and special reports,
proxy statements and other information with the SEC. You may read
and copy any reports, statements or other information at the SEC
public reference room in Washington, D.C. Please call the SEC at
1-800-SEC-3030 for further information on the public reference
rooms. PHHs filings with the SEC are also available to the public
from commercial document-retrieval services and at the website
maintained by the SEC at http://www.sec.gov.

A copy of the press release issued by the Company on January30,
2017 announcing the conference call and instructions for
participating on the call is attached hereto as Exhibit99.1 and
is incorporated herein by reference.

Item 9.01. Financial Statements and
Exhibits.

(d)Exhibits

About PHH CORPORATION (NYSE:PHH)

PHH Corporation (PHH) is a non-bank mortgage originator and servicer of the United States residential mortgage loans. The Company conducts its business through two segments: Mortgage Production and Mortgage Servicing. Its Mortgage Production segment originates, purchases and sells mortgage loans through PHH Mortgage. The Mortgage Production segment includes PHH Home Loans, which is a joint venture that it maintains with Realogy Corporation. The Mortgage Servicing segment services mortgage loans originated by PHH Mortgage and acts as a subservicer for certain clients that own the underlying servicing rights. Through its wholly owned subsidiary, PHH Mortgage Corporation and its subsidiaries (PHH Mortgage), the Company provides outsourced mortgage banking services to various clients, including financial institutions and real estate brokers throughout the United States and are focused on originating, selling, and servicing and subservicing residential mortgage loans.

PHH CORPORATION (NYSE:PHH) Recent Trading Information

PHH CORPORATION (NYSE:PHH) closed its last trading session down -0.07 at 14.46 with 364,510 shares trading hands.