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 $8 million and $16 million during the three months ended March 31, 2018, and 2017, 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.



($ in millions)	March 31, 2018		December 31, 2017
On-balance sheet automotive finance loans and leases
Consumer automotive	$	68,738	$	67,631
Commercial automotive	36,935		37,058
Operating leases	8,489		8,682
Other	131		121
Off-balance sheet automotive finance loans
Securitizations	1,666		1,977
Whole-loan sales	1,175		1,409
Total serviced automotive finance loans and leases	$	117,134	$	116,878