PHH and Employees Support Sandy Recovery Efforts

We’re extremely proud to be able to contribute meaningfully to the good work being done by the American Red Cross, in the wake of this impactful storm...

Mount Laurel, NJ, January 29, 2013 - PHH Corporation and its employees raised more than $80,000 in support of the American Red Cross Superstorm Sandy recovery efforts.

In the wake of last October’s devastating storm, PHH employees, many of whom live near affected areas in New Jersey and Maryland, contributed more than $40,000 to relief efforts, which the company matched dollar-for-dollar. Earlier this month, at PHH headquarters in Mount Laurel, PHH President and CEO Glen Messina presented Joseph G. Blazejewski, Major Gift Officer for the American Red Cross of Southern New Jersey, with a check for the total amount.

According to Blazejewski, “The American Red Cross has developed a strong relationship with PHH over the years, through blood drives, health and safety classes at their facilities and many volunteer activities. In addition, PHH Arval, the company’s fleet-management arm, is the provider of choice for the American Red Cross’ nationwide fleet of vehicles.”

“We’re extremely proud to be able to contribute meaningfully to the good work being done by the American Red Cross, in the wake of this impactful storm,” said Messina. “PHH has a long history of giving back to the communities in which we live and work. I’m continually impressed by the commitment our employees show to making a difference.”

About PHH Corporation

Headquartered in Mount Laurel, New Jersey, PHH Corporation (NYSE: PHH) 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.

1Inside Mortgage Finance, Copyright 2012

About the American Red Cross

The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies more than 40 percent of the nation's blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit redcross.org or join our blog at blog.redcross.org.

Contacts:

Jen Dillon, Director, Communications, PHH Corporation, 410.771.2285

Laura Steinmetz, Community Relations Officer, American Red Cross, 609.221.5348