Servicing Activities (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Servicing Assets at Fair Value [Table Text Block]

The following table summarizes past activity related to MSRs, which were carried at fair value. Management estimated fair value using our transaction data and other market data or, in periods when there were limited MSRs market transactions that were directly observable, internally developed discounted cash flow models (an income approach) were used to estimate the fair value. These internal valuation models estimated net cash flows based on internal operating assumptions that we believed would be used by market participants in orderly transactions combined with market-based assumptions for loan prepayment rates, interest rates, and discount rates that we believed approximate yields required by investors in this asset.



Three months ended September 30, ($ in millions)	2013		2012
Estimated fair value at July 1,	$	—	$	1,105
Additions	—		50
Changes in fair value
Due to changes in valuation inputs or assumptions used in the valuation model	—		(192		)
Other changes in fair value	—		(61		)
Estimated fair value at September 30,	$	—	$	902



Nine months ended September 30, ($ in millions)	2013			2012 (a)
Estimated fair value at January 1,	$	952		$	2,519
Additions	60			167
Sales (b)	(911		)	—
Changes in fair value
Due to changes in valuation inputs or assumptions used in the valuation model	(32		)	(330		)
Other changes in fair value	(69		)	(324		)
Deconsolidation of ResCap	—			(1,130		)
Estimated fair value at September 30,	$	—		$	902


(a)	Includes activities of our discontinued operations.


(b)	Includes the sales of agency MSRs to Ocwen and Quicken Loans, Inc. (Quicken) on April 1, 2013 and April 16, 2013.

Components Of Servicing Valuation And Hedge Activities [Table Text Block]

The components of servicing valuation and hedge activities, net, were as follows.



	Three months ended September 30,					Nine months ended September 30,
($ in millions)	2013		2012			2013			2012
Change in estimated fair value of mortgage servicing rights	$	—	$	(253	)	$	(101	)	$	(538	)
Change in fair value of derivative financial instruments	—		387			(112		)	612
Servicing asset valuation and hedge activities, net	$	—	$	134		$	(213	)	$	74

Components Of Mortgage Servicing Fees [Table Text Block]

The components of mortgage servicing fees were as follows.



	Three months ended September 30,				Nine months ended September 30,
($ in millions)	2013		2012		2013		2012
Contractual servicing fees, net of guarantee fees and including subservicing	$	—	$	59	$	61	$	223
Late fees	—		3		1		8
Ancillary fees	—		3		4		9
Total mortgage servicing fees	$	—	$	65	$	66	$	240

Schedule Of Unpaid Principal Balance Of Serviced Mortgage Assets [Table Text Block]

The unpaid principal balance of our serviced mortgage assets were as follows.



($ in millions)	September 30, 2013		December 31, 2012
On-balance sheet mortgage loans
Held-for-sale and investment	$	7,798	$	10,938
Off-balance sheet mortgage loans
Loans sold to third-party investors
GSEs	—		119,384
Whole-loan	—		2
Total primary serviced mortgage loans	$	7,798	$	130,324

Schedule Of Total Serviced Automobile Loans Outstanding [Table Text Block]

The total serviced automobile finance loans outstanding were as follows.



($ in millions)	September 30, 2013		December 31, 2012
On-balance sheet automobile finance loans and leases
Consumer automobile	$	56,450	$	53,715
Commercial automobile	28,452		32,822
Operating leases	17,254		13,550
Operations held-for-sale	4,308		25,979
Other	52		41
Off-balance sheet automobile finance loans
Loans sold to third-party investors
Securitizations	1,017		1,474
Whole-loan	3,466		6,541
Other (a)	5,437		—
Total serviced automobile finance loans and leases	$	116,436	$	134,122


(a)	Consists of serviced assets sold in conjunction with the divestiture of our Canadian automotive finance operations.