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 generally 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 $11 million and $41 million during the three months and nine months ended September 30, 2017, respectively, compared to $18 million and $49 million during the three months and nine months ended September 30, 2016.

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)	September 30, 2017		December 31, 2016
On-balance sheet automotive finance loans and leases
Consumer automotive	$	66,721	$	65,646
Commercial automotive	36,005		38,853
Operating leases	8,853		11,311
Other	71		67
Off-balance sheet automotive finance loans
Securitizations	2,312		2,412
Whole-loan sales	1,668		3,191
Total serviced automotive finance loans and leases	$	115,630	$	121,480