Phil Fitzgerald joins PHH Arval to enhance government business

Sparks, MD – October 18, 2010 – PHH Arval has announced that Phil Fitzgerald has joined the company as National Director of Governmental Sales. Fitzgerald comes to PHH Arval with 24 years of fleet management experience and a strong background servicing the government fleet industry. PHH provides services such as fuel, accident and maintenance management, risk and safety solutions and more to municipal, state and Federal fleets, encompassing all classes o9vehicles, from cars to heavy trucks. “I look forward to growing PHH Arval’s business in the government sector, delivering superior services designed to help these fleets reduce costs, improve information management and increase employee productivity,” noted Fitzgerald. About PHH Arval PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], is a leading fleet management services provider in the United States and Canada. PHH Arval provides outsourced fleet management solutions to corporate clients, including nearly one-third of the Fortune 500 companies. Through consultative expertise, flexible customer service, and award-winning Internet technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit www.phharval.com, or call 800 ONLY PHH. About PHH Corporation Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidhQy, PHH Mortgage, is one of the top five 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 Web site at www.phh.com .