Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1


*CONTACT INFORMATION*

Depositor	PHH Mortgage Capital LLC
	3000 Leadenhall Road
	Mt. Laurel, NJ 08054

Underwriter	William J. Mayer Securities, LLC
	60 Arch Street
	Greenwich, CT 06830

Master Servicer	PHH Mortgage Corporation
	3000 Leadenhall Road
	Mt. Laurel, NJ 08054


Trustee	Citibank, N.A.
	388 Greenwich Street, 14th Floor
	New York, NY 10013


*CONTENTS*

Distribution Summary	2

Distribution Summary (Factors)	3

Interest Distribution	4

Principal Distribution	5

Reconciliation Detail	6

Collateral Summary	6

Delinquency Information	8

Standard Prepayment and Default Information	10

Distribution Waterfall Detail	11

Other Information	13



Deal Contact:	John Byrnes	Citibank, N.A.
	john.j.byrnes.jr@citi.com	Agency and Trust
	Tel: (212) 816-5639	388 Greenwich Street, 14th Floor
	Fax: (212) 816-5527	New York, NY 10013

Reports Available at www.sf.citidirect.com

Page 1 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Distribution Summary

DISTRIBUTION IN DOLLARS


Class (1)	Original Balance (2)	Prior Principal Balance (3)	Pass- Through Rate (4)	Accrual Day Count (5)	Accrual Dates (6)	Interest Distributed (7)	Principal Distributed (8)	Total Distributed (9)=(7+8)	Deferred Interest (10)	Realized Loss (11)	Current Principal Balance (12)=(3-8+10-11)
A1	53,161,001.00	50,019,652.29	5.844771%	30 / 360	07/01 - 07/31	243,627.83	296,410.39	540,038.22	0.00	0.00	49,723,241.90
A3	2,579,937.00	2,658,868.09	6.034771%	30 / 360	07/01 - 07/31	0.00	0.00	0.00	13,371.38	0.00	2,672,239.47
A4	3,844,591.00	3,962,213.17	6.034771%	30 / 360	07/01 - 07/31	0.00	0.00	0.00	19,925.87	0.00	3,982,139.04
A5	59,585,529.00	56,640,733.62	6.034771%	30 / 360	07/01 - 07/31	284,844.87	263,113.13	547,958.00	0.00	0.00	56,377,620.49
A6	3,870,928.00	3,989,355.93	6.034771%	30 / 360	07/01 - 07/31	0.00	0.00	0.00	20,062.37	0.00	4,009,418.30
A7	18,006,174.00	18,557,058.39	6.034771%	30 / 360	07/01 - 07/31	0.00	0.00	0.00	93,322.99	0.00	18,650,381.38
RI	100.00	0.00	6.034771%	30 / 360	07/01 - 07/31	0.00	0.00	0.00	0.00	0.00	0.00
RII	100.00	0.00	6.034771%	30 / 360	07/01 - 07/31	0.00	0.00	0.00	0.00	0.00	0.00
B1	6,752,315.00	6,717,343.10	6.034771%	30 / 360	07/01 - 07/31	33,781.37	6,044.69	39,826.06	0.00	0.00	6,711,298.41
B2	900,309.00	895,646.08	6.034771%	30 / 360	07/01 - 07/31	4,504.18	805.96	5,310.14	0.00	0.00	894,840.12
B3	525,180.00	522,459.97	6.034771%	30 / 360	07/01 - 07/31	2,627.44	470.14	3,097.58	0.00	0.00	521,989.83
B4	300,103.00	298,548.70	6.034771%	30 / 360	07/01 - 07/31	1,501.39	268.65	1,770.04	0.00	0.00	298,280.05
B5	300,103.00	298,548.70	6.034771%	30 / 360	07/01 - 07/31	1,501.39	268.65	1,770.04	0.00	0.00	298,280.05
B6	225,077.24	223,911.50	6.034771%	30 / 360	07/01 - 07/31	1,126.05	201.50	1,327.55	0.00	0.00	223,710.00
Totals	150,051,447.24	144,784,339.54				573,514.52	567,583.11	1,141,097.63	146,682.61	0.00	144,363,439.04
Notional Classes
A2	53,161,001.00	50,019,652.29	0.190000%	30 / 360	07/01 - 07/31	7,919.78	0.00	7,919.78	0.00	0.00	49,723,241.90

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Page 2 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE


Class	CUSIP	Record Date	Prior Principal Balance (3/2 x 1000)	Interest Distributed (7/2 x 1000)	Principal Distributed (8/2 x 1000)	Total Distributed (9/2 x 1000)	Deferred Interest (10/2 x 1000)	Realized Loss (11/2 x 1000)	Current Principal Balance (12/2 x 1000)
A1	69337AAA4	07/31/2007	940.908774	4.582830	5.575711	10.158541	0.000000	0.000000	935.333063
A3	69337AAH9	07/31/2007	1,030.594193	0.000000	0.000000	0.000000	5.182832	0.000000	1,035.777025
A4	69337AAJ5	07/31/2007	1,030.594196	0.000000	0.000000	0.000000	5.182832	0.000000	1,035.777028
A5	69337AAC0	07/31/2007	950.578682	4.780437	4.415722	9.196159	0.000000	0.000000	946.162960
A6	69337AAK2	07/31/2007	1,030.594196	0.000000	0.000000	0.000000	5.182832	0.000000	1,035.777028
A7	69337AAL0	07/31/2007	1,030.594195	0.000000	0.000000	0.000000	5.182833	0.000000	1,035.777027
RI	69337AAD8	07/31/2007	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000
RII	69337AAE6	07/31/2007	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000
B1	69337AAM8	07/31/2007	994.820754	5.002932	0.895203	5.898134	0.000000	0.000000	993.925551
B2	69337AAF3	07/31/2007	994.820756	5.002927	0.895204	5.898131	0.000000	0.000000	993.925552
B3	69337AAG1	07/31/2007	994.820766	5.002932	0.895198	5.898130	0.000000	0.000000	993.925568
B4	69337AAN6	07/31/2007	994.820778	5.002916	0.895193	5.898108	0.000000	0.000000	993.925586
B5	693357AAP1	07/31/2007	994.820778	5.002916	0.895193	5.898108	0.000000	0.000000	993.925586
B6	69337AAQ9	07/31/2007	994.820711	5.002949	0.895248	5.898197	0.000000	0.000000	993.925463
A2	69337AAB2	07/31/2007	940.908774	0.148977	0.000000	0.148977	0.000000	0.000000	935.333063

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Page 3 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Interest Distribution Detail

DISTRIBUTION IN DOLLARS


Class (1)	Prior Principal Balance (2)	Pass- Through Rate (3)	Next Pass- Through Rate (4)	Interest Accrual Day Cnt Fraction (5)	Optimal Accrued Interest (6)	Prior Unpaid Interest (7)	Interest on Prior Unpaid Interest (8)	Non-Recov. Interest Shortfall (9)	Interest Due (10)=(6)+(7)+(8)-(9)	Deferred Interest (11)	Interest Distributed (12)	Current Unpaid Interest (13)=(10)-(11)-(12)
A1	50,019,652.29	5.84477%	5.84373%	30 / 360	243,627.83	0.00	0.00	0.00	243,627.83	0.00	243,627.83	0.00
A3	2,658,868.09	6.03477%	6.03373%	30 / 360	13,371.38	0.00	0.00	0.00	13,371.38	13,371.38	0.00	0.00
A4	3,962,213.17	6.03477%	6.03373%	30 / 360	19,925.87	0.00	0.00	0.00	19,925.87	19,925.87	0.00	0.00
A5	56,640,733.62	6.03477%	6.03373%	30 / 360	284,844.87	0.00	0.00	0.00	284,844.87	0.00	284,844.87	0.00
A6	3,989,355.93	6.03477%	6.03373%	30 / 360	20,062.37	0.00	0.00	0.00	20,062.37	20,062.37	0.00	0.00
A7	18,557,058.39	6.03477%	6.03373%	30 / 360	93,322.99	0.00	0.00	0.00	93,322.99	93,322.99	0.00	0.00
RI	0.00	6.03477%	6.03373%	30 / 360	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RII	0.00	6.03477%	6.03373%	30 / 360	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
B1	6,717,343.10	6.03477%	6.03373%	30 / 360	33,781.37	0.00	0.00	0.00	33,781.37	0.00	33,781.37	0.00
B2	895,646.08	6.03477%	6.03373%	30 / 360	4,504.18	0.00	0.00	0.00	4,504.18	0.00	4,504.18	0.00
B3	522,459.97	6.03477%	6.03373%	30 / 360	2,627.44	0.00	0.00	0.00	2,627.44	0.00	2,627.44	0.00
B4	298,548.70	6.03477%	6.03373%	30 / 360	1,501.39	0.00	0.00	0.00	1,501.39	0.00	1,501.39	0.00
B5	298,548.70	6.03477%	6.03373%	30 / 360	1,501.39	0.00	0.00	0.00	1,501.39	0.00	1,501.39	0.00
B6	223,911.50	6.03477%	6.03373%	30 / 360	1,126.05	0.00	0.00	0.00	1,126.05	0.00	1,126.05	0.00
Totals	144,784,339.54				720,197.13	0.00	0.00	0.00	720,197.13	146,682.61	573,514.52	0.00
Notional Classes
A2	50,019,652.29	0.19000%	0.19000%	30 / 360	7,919.78	0.00	0.00	0.00	7,919.78	0.00	7,919.78	0.00

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Page 4 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Principal Distribution Detail

DISTRIBUTION IN DOLLARS


Class (1)	Original Balance (2)	Prior Principal Balance (3)	Scheduled Principal Distribution (4)	Unscheduled Principal Distribution (5)	Accreted Principal (6)	Current Realized Losses (7)	Current Principal Recoveries (8)	Current Principal Balance (9)=(3)-(4)-(5)+(6)-(7)+(8)	Cumulative Realized Losses (10)	Original Class (%) (11)	Current Class (%) (12)	Original Credit Support (13)	Current Credit Support (14)
A1	53,161,001.00	50,019,652.29	61,113.23	235,297.16	0.00	0.00	0.00	49,723,241.90	0.00	35.43%	34.44%	6.00%	6.20%
A3	2,579,937.00	2,658,868.09	0.00	0.00	13,371.38	0.00	0.00	2,672,239.47	0.00	1.72%	1.85%	6.00%	6.20%
A4	3,844,591.00	3,962,213.17	0.00	0.00	19,925.87	0.00	0.00	3,982,139.04	0.00	2.56%	2.76%	6.00%	6.20%
A5	59,585,529.00	56,640,733.62	61,113.23	201,999.90	0.00	0.00	0.00	56,377,620.49	0.00	39.71%	39.05%	6.00%	6.20%
A6	3,870,928.00	3,989,355.93	0.00	0.00	20,062.37	0.00	0.00	4,009,418.30	0.00	2.58%	2.78%	6.00%	6.20%
A7	18,006,174.00	18,557,058.39	0.00	0.00	93,322.99	0.00	0.00	18,650,381.38	0.00	12.00%	12.92%	6.00%	6.20%
RI	100.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%	6.00%	100.00%
RII	100.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%	6.00%	100.00%
B1	6,752,315.00	6,717,343.10	6,044.68	0.01	0.00	0.00	0.00	6,711,298.41	0.00	4.50%	4.65%	1.50%	1.55%
B2	900,309.00	895,646.08	805.96	0.00	0.00	0.00	0.00	894,840.12	0.00	0.60%	0.62%	0.90%	0.93%
B3	525,180.00	522,459.97	470.14	0.00	0.00	0.00	0.00	521,989.83	0.00	0.35%	0.36%	0.55%	0.57%
B4	300,103.00	298,548.70	268.65	0.00	0.00	0.00	0.00	298,280.05	0.00	0.20%	0.21%	0.35%	0.36%
B5	300,103.00	298,548.70	268.65	0.00	0.00	0.00	0.00	298,280.05	0.00	0.20%	0.21%	0.15%	0.15%
B6	225,077.24	223,911.50	201.50	0.00	0.00	0.00	0.00	223,710.00	0.00	0.15%	0.16%	0.00%	0.00%
Totals	150,051,447.24	144,784,339.54	130,286.04	437,297.07	146,682.61	0.00	0.00	144,363,439.04	0.00	100%	100%

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Page 5 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Reconciliation Detail


*SOURCE OF FUNDS*

Interest Funds Available
Scheduled Interest	759,788.45
Uncompensated PPIS	0.00
Relief Act Interest Shortfall	0.00
Interest Adjustments	0.00
Total Interest Funds Available:		759,788.45
Principal Funds Available
Scheduled Principal	130,286.05
Curtailments	62,675.05
Prepayments in Full	227,939.40
Liquidation Proceeds	0.00
Repurchased Principal	0.00
Substitution Principal	0.00
Other Principal	0.00
Total Principal Funds Available:		420,900.50
Total Funds Available		1,180,688.95


*ALLOCATION OF FUNDS*

Scheduled Fees
Servicing Fee	30,163.35
Trustee Fee	1,508.19
Total Scheduled Fees:		31,671.54
Additional Fees, Expenses, etc.
Extraordinary Trust Fund Expenses	0.00
Other Expenses	0.00
Total Additional Fees, Expenses, etc.:		0.00
Distribution to Certificateholders
Interest Distribution	581,434.30
Principal Distribution	567,583.11
Total Distribution to Certificateholders:		1,149,017.41
Total Funds Allocated		1,180,688.95

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Page 6 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Collateral Summary


*ASSET CHARACTERISTICS*

	Cut-Off			Prior			Current

Aggregate Stated Principal Balance		150,051,447.24			144,784,339.54			144,363,439.04

Loan Count		252			247			246

Weighted Average Coupon Rate (WAC)		6.310439	%		6.297270	%		6.300683	%

Net Weighted Average Coupon Rate (Net WAC)		6.047939	%		6.034770	%		6.038183	%

Weighted Average Remaining Term (WART in months)		358			352			351


*AVAILABLE PRINCIPAL*

Scheduled Principal			130,286.05
Curtailments			62,675.05
Principal Prepayments			227,939.40
Liquidation Proceeds			0.00
Repurchased Principal			0.00
Trailing Recoveries			0.00
TOTAL AVAILABLE PRINCIPAL			420,900.50

Current Realized Losses			0.00
Current Bankruptcy Losses			0.00
Cumulative Realized Losses			0.00


*AVAILABLE INTEREST*

Scheduled Interest		759,788.45

Less:	Servicing Fee	30,163.35
	Trustee Fee	1,508.19
	Uncompensated PPIS	0.00
	Relief Act Interest Shortfall	0.00
TOTAL AVAILABLE INTEREST		728,116.91

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Page 7 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Delinquency Information



	1 Month			2 Months			3+ Months			Totals
Delinquency
Scheduled Principal Balance		0.00			0.00			0.00			0.00
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans		0			0			0			0
Percentage of Total Loans		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Bankruptcy
Scheduled Principal Balance		0.00			0.00			0.00			0.00
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans		0			0			0			0
Percentage of Total Loans		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Foreclosure
Scheduled Principal Balance		0.00			0.00			0.00			0.00
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans		0			0			0			0
Percentage of Total Loans		0.0000	%		0.0000	%		0.0000	%		0.0000	%
REO
Scheduled Principal Balance		0.00			0.00			0.00			0.00
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans		0			0			0			0
Percentage of Total Loans		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Total
Scheduled Principal Balance		0.00			0.00			0.00			0.00
Percentage of Total Pool Balance		0.0000	%		0.0000	%		0.0000	%		0.0000	%
Number of Loans		0			0			0			0
Percentage of Total Loans		0.0000	%		0.0000	%		0.0000	%		0.0000	%

Principal and Interest Advances		411,531.18

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Page 8 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Historical Delinquency Information


Distribution	1 Month						2 Month						3 + Month						Bankruptcy						Foreclosure						REO						Total ( 2+, BK, FC & REO )
Date	Balance			Cnt			Balance			Cnt			Balance			Cnt			Balance			Cnt			Balance			Cnt			Balance			Cnt			Balance			Cnt
08/20/2007		0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0
		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%
07/18/2007		0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0
		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%
06/18/2007		0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0
		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%
05/18/2007		647,609.71			1			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0
		0.442	%		0.4	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%
04/18/2007		0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0
		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%
03/19/2007		0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0
		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%
02/20/2007		0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0			0.00			0
		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%		0.000	%		0.0	%

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Page 9 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Standard Prepayment and Default Information


Payment Date	Wtd. Avg. Age (Months)		Current Collateral Balance		Scheduled Principal		Unscheduled Principal		Liquidation Principal		SMM			CPR			PSA			MDR			CDR			SDA
20-Aug-2007		0.00		144,363,439.04		130,286.05		290,614.45		0.00		0.201	%		2.384	%		0	%		0.000	%		0.000	%		0	%
18-Jul-2007		0.00		144,784,339.54		129,493.11		327,264.89		0.00		0.226	%		2.673	%		0	%		0.000	%		0.000	%		0	%
18-Jun-2007		0.00		145,241,097.54		128,689.04		1,112,020.64		0.00		0.760	%		8.746	%		0	%		0.000	%		0.000	%		0	%
18-May-2007		0.00		146,481,807.22		128,390.27		1,693,026.30		0.00		1.143	%		12.881	%		0	%		0.000	%		0.000	%		0	%
18-Apr-2007		0.00		148,303,223.79		128,001.75		33,059.69		0.00		0.022	%		0.267	%		0	%		0.000	%		0.000	%		0	%
19-Mar-2007		0.00		148,464,285.23		127,089.53		891,454.03		0.00		0.597	%		6.932	%		0	%		0.000	%		0.000	%		0	%
20-Feb-2007		0.00		149,482,828.79		126,381.15		442,237.30		0.00		0.295	%		3.483	%		0	%		0.000	%		0.000	%		0	%

SMM (Single Month Mortality) = Unscheduled Principal / (Beginning Balance - Scheduled Principal)		MDR (Monthly Default Rate) = Beginning Balance of Liquidated Asset / Total Beginning Balance
CPR (Constant Prepayment Rate) = 1 - ((1-SMM)^12)		CDR (Conditional Default Rate) = 1 - ((1-MDR)^12)
PSA (Public Securities Association) = CPR * (min(.2% * Age, 6%))		SDA (Standard Default Assumption) = CDR * (min(.2% * Age, 6%))

Reports Available at www.sf.citidirect.com

Page 10 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Waterfall Detail


*DISTRIBUTIONS*	Amount Distributed			Remaining Available Funds

Senior Interest Remittance Funds					728,116.91
Class A-1 Monthly Interest Distributable Amount		(243,627.83	)		484,489.08
Class A-2 Monthly Interest Distributable Amount		(7,919.78	)		476,569.30
Class A-3 Monthly Interest Distributable Amount		0.00			476,569.30
Class A-4 Monthly Interest Distributable Amount		0.00			476,569.30
Class A-5 Monthly Interest Distributable Amount		(284,844.87	)		191,724.43
Class A-6 Monthly Interest Distributable Amount		0.00			191,724.43
Class A-7 Monthly Interest Distributable Amount		0.00			191,724.43
Class R-I Monthly Interest Distributable Amount		0.00			191,724.43
Class R-II Monthly Interest Distributable Amount		0.00			191,724.43

Subordinate Interest Remittance Funds					191,724.43
Class B-1 Monthly Interest Distributable Amount		(33,781.37	)		157,943.06
Class B-2 Monthly Interest Distributable Amount		(4,504.18	)		153,438.88
Class B-3 Monthly Interest Distributable Amount		(2,627.44	)		150,811.44
Class B-4 Monthly Interest Distributable Amount		(1,501.39	)		149,310.05
Class B-5 Monthly Interest Distributable Amount		(1,501.39	)		147,808.66
Class B-6 Monthly Interest Distributable Amount		(1,126.05	)		146,682.61

Accrued Interest Accreted to Other Classes					146,682.61

Senior Principal Distribution Funds Including Accretion Amounts					567,583.11
Class A-1 Principal Amount Distributed		(296,410.39	)		271,172.72
Class A-3 Principal Amount Distributed		0.00			271,172.72
Class A-4 Principal Amount Distributed		0.00			271,172.72
Class A-5 Principal Amount Distributed		(263,113.13	)		8,059.59
Class A-6 Principal Amount Distributed		0.00			8,059.59
Class A-7 Principal Amount Distributed		0.00			8,059.59
Class R-I Principal Amount Distributed		0.00			8,059.59
Class R-II Principal Amount Distributed		0.00			8,059.59

Reports Available at www.sf.citidirect.com

Page 11 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1


Subordinate Principal Distribution Funds			8,059.59
Class B-1 Principal Amount Distributed	(6,044.69	)	2,014.90
Class B-2 Principal Amount Distributed	(805.96	)	1,208.94
Class B-3 Principal Amount Distributed	(470.14	)	738.80
Class B-4 Principal Amount Distributed	(268.65	)	470.15
Class B-5 Principal Amount Distributed	(268.65	)	201.50
Class B-6 Principal Amount Distributed	(201.50	)	0.00

Remaining to the Holders of the Residual Certificates	0.00		0.00

Reports Available at www.sf.citidirect.com

Page 12 of 13

Distribution Date:	08/20/2007	PHHMC Mortgage Pass-Through Certificates
Determination Date:	08/08/2007	Series 2007-1

Other Information


Trigger Information

Has the Credit Support Depletion Date Been Reached?		No

Has the Class A3 Accretion Termination Date Been Reached?		No
Has the Class A4 Accretion Termination Date Been Reached?		No
Has the Class A6 Accretion Termination Date Been Reached?		No
Has the Class A7 Accretion Termination Date Been Reached?		No

Senior Percentage		93.813932%
Senior Prepayment Percentage		100.000000%

Bankruptcy Amount		50,000.00
Fraud Loss Amount		1,500,514.47
Special Hazard Amount		655,941.00

Expenses
Extraordinary Trust Fund Expenses		0.00

Reports Available at www.sf.citidirect.com

Page 13 of 13

PHHMC Series 2007-1 Trust 10-D