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

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(Thomson Reuters ONE via COMTEX) -- 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 States1, 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

HUG#1675654

Copyright (C) 2013 Thomson Reuters ONE. All rights reserved.

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