PHH Corporation to Present at KBW Diversified Financial Services Conference

Business Wire, May 28, 2008

MT. LAUREL, N.J. -- PHH Corporation (NYSE:PHH) is scheduled to present at the Keefe, Bruyette & Woods Diversified Financial Services Conference on Wednesday, June 4, 2008 at 1:20 p.m. eastern daylight time in New York City. Terence W. Edwards, president and chief executive officer, will make the presentation.

There will be a live audio webcast of the PHH presentation. Interested investors may access the webcast at www.phh.com or at the KBW conference website at www.kbw.com/news/conferenceDivFin2008.html. The slides will be filed with the Securities and Exchange Commission on Form 8-K on June 4, 2008 and will also be available on the PHH Investor Relations page. The audio will be archived on the PHH website following the conference for approximately 90 days

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 States1, and 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 our website at www.phh.com.

(1) Inside Mortgage Finance, Copyright 2008