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  <P ALIGN="CENTER"><FONT SIZE=4><B>UNITED STATES<BR> SECURITIES AND EXCHANGE COMMISSION<BR></B></FONT><FONT SIZE=4><B>WASHINGTON, D.C. 20549  </B></FONT></P>
  
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  <P ALIGN="CENTER"><FONT SIZE=5><B>Form&nbsp;8-K<BR>  </B></FONT><FONT SIZE=3><B>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
  SECURITIES EXCHANGE ACT OF 1934  </B></FONT></P>
  
  <HR NOSHADE ALIGN="CENTER" WIDTH="120">
  <P ALIGN="CENTER"><FONT SIZE=3><B> September&nbsp;30, 2003 (September&nbsp;30, 2003)<BR>  </B></FONT><FONT SIZE=2><I>(Date of Report (Date of Earliest Event Reported))  </I></FONT></P>
  
  <P ALIGN="CENTER"><FONT SIZE=5><B>PHH Corporation<BR>  </B></FONT><FONT SIZE=2><I>(Exact name of Registrant as specified in its charter)  </I></FONT></P>
  
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  <TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><B>Maryland<BR> </B></FONT><FONT SIZE=2><I>(State or other jurisdiction of incorporation or organization)</I></FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><B>1-7797<BR> </B></FONT><FONT SIZE=2><I>(Commission File No.)</I></FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><B>52-0551284<BR> </B></FONT><FONT SIZE=2><I>(I.R.S. Employer<BR>
  Identification Number)</I></FONT></TD>
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  <TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><B>1 Campus Drive<BR>
  Parsippany, NJ<BR> </B></FONT><FONT SIZE=2><I>(Address of principal executive office)</I></FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><B>07054<BR> </B></FONT><FONT SIZE=2><I>(Zip Code)</I></FONT></TD>
  </TR>
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  <TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
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  <TD COLSPAN=5 ALIGN="CENTER"><FONT SIZE=2><B>(973)&nbsp;428-9700</B><BR></FONT><FONT SIZE=2><I>(Registrant's telephone number, including area code)</I></FONT></TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
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  <TD COLSPAN=5 ALIGN="CENTER"><FONT SIZE=2><B>None<BR></B></FONT><FONT SIZE=2><I>(Former
  name or former address, if changed since last report)</I></FONT></TD>
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  <!-- ZEQ.=1,SEQ=1,EFW="2096537",CP="CENDANT CORPORATION",DN="1",CHK=591226,FOLIO='blank',FILE='DISK014:[02NYC3.02NYC10223]BE10223A.;4',USER='SMENEZE',CD='17-DEC-2002;13:37' -->
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  <P><FONT SIZE=2><B>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;Other Events </B></FONT></P>
  
  <P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
  as expressly indicated or unless the context otherwise requires, &#147;PHH&#148;,
  &#147;we&#148;, &#147;our&#148;, or &#147;us&#148; means PHH Corporation, a Maryland
  corporation, and its subsidiaries.</I></FONT></P>
  
  <P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
  chief financial officer and treasurer, Duncan Cocroft, will retire at the end of this year
  and will become an advisor and consultant to PHH. In connection with Mr. Cocroft&#146;s
  retirement, effective September 30, 2003, David Wyshner, formerly responsible for
  financial planning, budgeting, capital planning and acquisition integration planning for
  Cendant Corporation, our parent company, became chief financial officer and treasurer and
  Ronald L. Nelson, Cendant&#146;s chief financial officer, was appointed a Director of PHH,
  replacing Mr. Cocroft.</FONT></P>
  
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  <!-- ZEQ.=1,SEQ=2,EFW="2096537",CP="CENDANT CORPORATION",DN="1",CHK=307138,FOLIO='blank',FILE='DISK014:[02NYC3.02NYC10223]BG10223A.;3',USER='ARUSS',CD='17-DEC-2002;15:13' -->
  <BR>
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  <P ALIGN="CENTER"><FONT SIZE=2><B>SIGNATURE  </B></FONT></P>
  
  <P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements
  of the Securities Exchange Act of 1934, the registrant has duly caused this
  report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>
  
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  <TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD COLSPAN=3><FONT SIZE=2><B>PHH CORPORATION</B></FONT></TD>
  </TR>
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  <TD WIDTH="41%"><FONT SIZE=2><B><BR>
  &nbsp;</B></FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
  <TD WIDTH="5%"><BR><FONT SIZE=2>By:</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
  <TD WIDTH="48%"><FONT SIZE=2><BR>
  /s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ERIC J. BOCK</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Eric J. Bock<BR>
  Executive Vice President -- Law<BR>
  and Corporate Secretary</FONT></TD>
  </TR>
  <TR VALIGN="TOP">
  <TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="48%"><FONT SIZE=2>&nbsp;</FONT></TD>
  </TR>
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  <TD WIDTH="41%" VALIGN="TOP"><FONT SIZE=2>Date: September&nbsp;30, 2003<BR></FONT>
  </TD>
  <TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="5%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
  <TD WIDTH="48%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "phhsep30_8k.htm", "secsgml_size_bytes": 6417}]
metadata_filer: {"company-data": {"conformed-name": "PHH CORP", "cik": "0000077776", "assigned-sic": "7510", "irs-number": "520551284", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07797", "film-number": "03917148"}, "business-address": {"street1": "9 WEST 57TH STREET", "city": "NEW YORK", "state": "NY", "zip": "10019", "phone": "4107713600"}, "mail-address": {"street1": "9 WEST 57TH STREET", "city": "NEW YORK", "state": "NY", "zip": "10019"}, "former-company": [{"former-conformed-name": "PHH GROUP INC", "date-changed": "19880913"}, {"former-conformed-name": "PETERSON HOWELL & HEATHER INC", "date-changed": "19790121"}]}
text: UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  Form 8-K
  CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
  SECURITIES EXCHANGE ACT OF 1934
  September 30, 2003 (September 30, 2003)
  (Date of Report (Date of Earliest Event Reported))
  PHH Corporation
  (Exact name of Registrant as specified in its charter)
  Maryland
  (State or other jurisdiction of incorporation or organization)
  1-7797
  (Commission File No.)
  52-0551284
  (I.R.S. Employer
  Identification Number)
  1 Campus Drive
  Parsippany, NJ
  (Address of principal executive office)
  07054
  (Zip Code)
  (973) 428-9700
  (Registrant's telephone number, including area code)
  None
  (Former
  name or former address, if changed since last report)
  Item 5.    Other Events
  Except
  as expressly indicated or unless the context otherwise requires, "PHH",
  "we", "our", or "us" means PHH Corporation, a Maryland
  corporation, and its subsidiaries.
  Our
  chief financial officer and treasurer, Duncan Cocroft, will retire at the end of this year
  and will become an advisor and consultant to PHH. In connection with Mr. Cocroft's
  retirement, effective September 30, 2003, David Wyshner, formerly responsible for
  financial planning, budgeting, capital planning and acquisition integration planning for
  Cendant Corporation, our parent company, became chief financial officer and treasurer and
  Ronald L. Nelson, Cendant's chief financial officer, was appointed a Director of PHH,
  replacing Mr. Cocroft.
  SIGNATURE
  Pursuant to the requirements
  of the Securities Exchange Act of 1934, the registrant has duly caused this
  report to be signed on its behalf by the undersigned hereunto duly authorized.
  PHH CORPORATION
  By:
  /s/
  ERIC J. BOCK
  Eric J. Bock
  Executive Vice President -- Law
  and Corporate Secretary
  Date: September 30, 2003