PHH Arval introduces clients-only online networking capability

October 20, 2008 –  PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH] has launched a business networking capability within its B2B website called “PHH InterActive® Community.” This secure site is the latest in business technologies designed to enhance communication and sharing of information. PHH clients can interact directly with other clients and groups of clients in an informal conversation that enables them to:

• Find out what others have to say about specific fleet-related topics
  
• Ask a question or solicit information from peers
  
• Exchange ideas and share information with others who understand their fleet management challenges

In addition to networking with colleagues and PHH employees throughout North America, PHH Arval clients can also “subscribe” to the Community and have information about specific topics pushed to them via email. This enables them to see what others are saying about a topic of interest without having to check continually with the website.

Mark Tognetti, vice president, IT strategy and innovation for PHH Arval, said, “Our clients have consistently told us they love attending PHH events because of the opportunity to network with other clients. We’re simply allowing these discussions to continue regardless of time or distance. To our knowledge, this is the only such shared community offered by a fleet management company. Our clients are adopting it even more quickly and enthusiastically than we anticipated.”

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 subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States(1), 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 website at www.phh.com.

(1) Inside Mortgage Finance, Copyright 2008