Ally Bank 2012 Annual Report Download - page 134
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132
The following table summarizes held-for-sale mortgage loans reported at carrying value by higher-risk loan type.
December 31, ($ in millions)2012 2011
High original loan-to-value (greater than 100%) mortgage loans $ 378 $ 423
Payment-option adjustable-rate mortgage loans —12
Interest-only mortgage loans 10 298
Below-market rate (teaser) mortgages —169
Total higher-risk mortgage loans held-for-sale $ 388 $ 902
8. Finance Receivables and Loans, Net
The composition of finance receivables and loans, net, reported at carrying value before allowance for loan losses was as follows.
2012 2011
December 31, ($ in millions)Domestic Foreign Total Domestic Foreign Total
Consumer automobile $ 53,713 $ 2 $ 53,715 $ 46,576 $ 16,883 $ 63,459
Consumer mortgage
1st Mortgage 7,173 — 7,173 6,867 24 6,891
Home equity 2,648 — 2,648 3,102 — 3,102
Total consumer mortgage 9,821 — 9,821 9,969 24 9,993
Commercial
Commercial and industrial
Automobile 30,270 — 30,270 26,552 8,265 34,817
Mortgage ———1,887 24 1,911
Other 2,679 18 2,697 1,178 63 1,241
Commercial real estate
Automobile 2,552 — 2,552 2,331 154 2,485
Mortgage ———— 14 14
Total commercial 35,501 18 35,519 31,948 8,520 40,468
Loans at fair value (a) ———603 232 835
Total finance receivables and loans (b) $ 99,035 $ 20 $ 99,055 $ 89,096 $ 25,659 $ 114,755
(a) Includes domestic consumer mortgages at fair value as a result of fair value option election. Refer to Note 25 for additional information.
(b) Totals are net of unearned income, unamortized premiums and discounts, and deferred fees and costs of $895 million and $2.9 billion at December 31,
2012, and December 31, 2011, respectively.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K