Ally Bank 2011 Annual Report Download - page 211
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Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
The following table provides the aggregate fair value and the aggregate unpaid principal balance for the fair value option−elected loans and long−term
debt instruments. 2011 2010
December 31, ($ in millions)
Unpaid
principal
balance Fair
value (a)
Unpaid
principal
balance Fair
value (a)
Assets
Mortgage loans held−for−sale, net
Total loans $ 3,766 $ 3,919 $ 6,354 $ 6,424
Nonaccrual loans 54 27 3 1
Loans 90+ days past due (b) 53 27 — —
Consumer mortgage finance receivables and loans, net
Total loans 2,436 835 2,905 1,015
Nonaccrual loans (c) 506 209 586 260
Loans 90+ days past due (b)(c) 362 163 366 184
Liabilities
Long−term debt
On−balance sheet securitization debt $ (2,559) $ (830) $ (2,969) $ (972)
Accrued expenses and other liabilities
Loan repurchase liabilities (57) (29) — —
(a) Excludes accrued interest receivable.
(b) Loans 90+ days past due are also presented within the nonaccrual loan balance and the total loan balance; however, excludes government−insured loans that are still accruing
interest.
(c) The fair value of consumer mortgage finance receivables and loans is calculated on a pooled basis; therefore, we allocated the fair value of nonaccrual loans and loans 90+ days past
due to individual loans based on the unpaid principal balances. For further discussion regarding the pooled basis, refer to the previous section of this note titled Consumer mortgage
finance receivables and loans, net.
208