PHH Corporation (NYSE: PHH) ("PHH" or the "Company") announced today plans to release its first quarter 2018 results on Tuesday, May 8, 2018, after the market closes.

Due to the pending sale transaction with Ocwen Financial Corporation announced on February 27, 2018, the Company does not intend to host a conference call to discuss its first quarter 2018 results or make available an investor presentation with an appendix of supplemental schedules.

About PHH Corporation

PHH Corporation (NYSE: PHH), through its subsidiary PHH Mortgage, is one of the largest subservicers of residential mortgages in the United States. PHH Mortgage provides servicing and portfolio retention solutions to investors of mortgage servicing rights, financial and wealth management institutions, regional and community banks, and credit unions. Headquartered in Mount Laurel, New Jersey, the Company has been providing mortgage lending and servicing solutions since 1984 and is dedicated to responsible and ethical practices while delivering an exceptional customer experience. For additional information, please visit www.phh.com.

PHH CorporationInvestorsHugo Arias, 856-917-0108hugo.arias@phh.comorMediaDico Akseraylian, 856-917-0066dico.akseraylian@phh.com

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