Ally Bank 2012 Annual Report Download - page 130

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4. Other Income, Net of Losses
Details of other income, net of losses, were as follows.
Year ended December 31, ($ in millions) 2012 2011 2010
Mortgage processing fees and other mortgage income $ 481 $ 231 $ 234
Late charges and other administrative fees 83 82 92
Remarketing fees 63 96 126
Securitization income 45 194 20
Fair value adjustment on derivatives (a) (30) (137) (189)
Change due to fair value option elections (b) (19) (101) (217)
Other, net 124 128 268
Total other income, net of losses $ 747 $ 493 $ 334
(a) Refer to Note 22 for a description of derivative instruments and hedging activities.
(b) Refer to Note 25 for a description of fair value option elections.
5. Other Operating Expenses
Details of other operating expenses were as follows.
Year ended December 31, ($ in millions) 2012 2011 2010
Impairment and accruals related to ResCap Bankruptcy and deconsolidation (a) $ 1,192 $ — $ —
Insurance commissions 382 432 511
Technology and communications 347 418 431
Lease and loan administration 315 168 143
Professional services 281 294 241
Advertising and marketing 150 168 137
Regulatory and licensing fees 119 127 115
Fines and penalties 90 222 —
Premises and equipment depreciation 83 81 70
Mortgage representation and warranty obligation, net 67 324 670
Occupancy 58 72 72
Vehicle remarketing and repossession 52 84 123
State and local non-income taxes 15 49 42
Other 347 497 523
Total other operating expenses $ 3,498 $ 2,936 $ 3,078
(a) This charge consists of the $442 million total impairment of our investment in ResCap and a $750 million accrual of a cash settlement offer to the
Debtors' estate. Refer to Note 1 for more information regarding the Debtors' bankruptcy, deconsolidation, and this charge.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K