PHH Corporation Receives Top Servicing Performance Rating from Fannie Mae

PHH Corporation (NYSE: PHH) ("PHH" or the "Company") announced today that it was named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer for 2017. The STAR Program recognition is reserved for top performing servicers within one or more of three STAR Performer categories: General Servicing, Solution Delivery, and Timeline Management. For the 2017 STAR Program year, PHH Corporation received a STAR Performer recognition for the General Servicing and Timeline Management categories.

“We are honored to receive the STAR award from Fannie Mae and proud to be recognized as one of the top performing servicers in the industry,” said Steve Staid, Senior Vice President, Servicing. “This is a testament to the outstanding work of our dedicated employees and their commitment to providing exceptional service to our customers.”

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.

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