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 $18 million and $31 million during the three months and six months ended June 30, 2016, respectively, compared to $10 million and $20 million during the three months and six months ended June 30, 2015.

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)	June 30, 2016		December 31, 2015
On-balance sheet automotive finance loans and leases
Consumer automotive	$	63,113	$	64,067
Commercial automotive	35,251		34,895
Operating leases	13,527		15,965
Other	61		72
Off-balance sheet automotive finance loans
Securitizations	3,252		2,550
Whole-loan	4,066		2,259
Total serviced automotive finance loans and leases	$	119,270	$	119,808