- Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Parseghian Gregory J	2. Issuer Name and Ticker or Trading Symbol PHH CORP [ PHH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) C/O PHH CORPORATION, 3000 LEADENHALL ROAD	3. Date of Earliest Transaction (MM/DD/YYYY) 8/15/2011
(Street) MT. LAUREL, NJ 08054 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	8/15/2011		P		200	A	$15.37	19481 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.39	19581 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.3999	19681 ⁽¹⁾	D
Common Stock	8/15/2011		P		400	A	$15.4	20081 ⁽¹⁾	D
Common Stock	8/15/2011		P		600	A	$15.41	20681 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4174	20781 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4185	20881 ⁽¹⁾	D
Common Stock	8/15/2011		P		200	A	$15.43	21081 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.438	21181 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4382	21281 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4398	21381 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4487	21481 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4576	21581 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.46	21681 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4691	21781 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4699	21881 ⁽¹⁾	D
Common Stock	8/15/2011		P		570	A	$15.48	22451 ⁽¹⁾	D
Common Stock	8/15/2011		P		1430	A	$15.49	23881 ⁽¹⁾	D
Common Stock	8/15/2011		P		200	A	$15.498	24081 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4985	24181 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4987	24281 ⁽¹⁾	D
Common Stock	8/15/2011		P		200	A	$15.4992	24481 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.4998	24581 ⁽¹⁾	D
Common Stock	8/15/2011		P		1369	A	$15.5	25950 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.505	26050 ⁽¹⁾	D
Common Stock	8/15/2011		P		200	A	$15.5085	26250 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.5089	26350 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.509	26450 ⁽¹⁾	D
Common Stock	8/15/2011		P		200	A	$15.5092	26650 ⁽¹⁾	D
Common Stock	8/15/2011		P		100	A	$15.5093	26750 ⁽¹⁾	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
( 1)	Includes 5,000 shares of PHH Corporation common stock held indirectly by the reporting person in a revocable trust and 14,281 shares of PHH Corporation common stock underlying fully vested restricted stock units ("RSUs"). Each RSU represents the right to receive one share of PHH Corporation common stock upon settlement.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Parseghian Gregory J C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL, NJ 08054	X

Signatures
J. Christopher Clifton, Attorney-In-Fact		8/15/2011
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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