Servicing Activities

Automotive Finance Servicing Activities

We service consumer automotive contracts. Historically, we have sold a portion of our consumer automotive contracts. With respect to contracts we sell, we retain the right to service and earn a servicing fee for our servicing function. We have concluded that the fee we are paid for servicing consumer automotive finance receivables represents adequate compensation, and consequently, we do not recognize a servicing asset or liability. We recognized automotive servicing fee income of $13 million and $10 million during the three months ended March 31, 2016, and 2015, respectively.

Automotive Finance Serviced Assets

The current unpaid principal balance and any related unamortized deferred fees and costs of total serviced automotive finance loans and leases outstanding were as follows.



($ in millions)	March 31, 2016		December 31, 2015
On-balance sheet automotive finance loans and leases
Consumer automotive	$	62,819	$	64,067
Commercial automotive	34,325		34,895
Operating leases	14,690		15,965
Other	67		72
Off-balance sheet automotive finance loans
Loans sold to third-party investors
Securitizations	3,168		2,550
Whole-loan	3,512		2,259
Total serviced automotive finance loans and leases	$	118,581	$	119,808