PHH Corporation Sets Date for First Quarter 2008 Earnings Conference Call

Business Wire, May 1, 2008

MT. LAUREL, N.J. -- PHH Corporation (NYSE:PHH) today announced that it will hold its first quarter 2008 earnings conference call on Friday, May 9, 2008 at 10:00 a.m. EDT.

Terence W. Edwards, president and chief executive officer of PHH Corporation and PHH Mortgage, and George J. Kilroy, president and chief executive officer of PHH Arval, will host the conference call. A question and answer session will follow.

Investors will be able to access the first quarter 2008 earnings press release on the company's website at www.phh.com on May 9, 2008 prior to the conference call. Investors may also request a copy via fax by calling the investor hotline at 1-856-917-7405.

Interested investors may access the conference call by dialing 1-877-795-3648 or 1-719-325-4783, ten minutes prior to the start time of 10:00 a.m. The conference call will also be webcast at www.phh.com. A replay will be available after the call until midnight on June 9, 2008 by dialing 1-888-203-1112 or 1-719-457-0820, passcode 6492105, or by logging on to the company's website.

About PHH Corporation

Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States.1 Its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the company and its subsidiaries please visit www.phh.com.

1 Inside Mortgage Finance, Copyright 2007