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 $51 million, $64 million, and $45 million during the years ended December 31, 2017, 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 net investment in operating leases outstanding were as follows.



December 31, ($ in millions)	2017		2016
On-balance sheet automotive finance loans and leases
Consumer automotive	$	67,631	$	65,646
Commercial automotive	37,058		38,853
Operating leases	8,682		11,311
Other	121		67
Off-balance sheet automotive finance loans
Securitizations	1,977		2,412
Whole-loan sales	1,409		3,191
Total serviced automotive finance loans and leases	$	116,878	$	121,480