Ally Bank 2012 Annual Report Download - page 61

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The following table includes consumer finance receivables and loans recorded at historical cost reported at carrying value before
allowance for loan losses.
Outstanding Nonperforming (a) Accruing past due 90 days or more (b)
December 31, ($ in millions)2012 2011 2012 2011 2012 2011
Domestic
Consumer automobile $ 53,713 $ 46,576 $ 260 $ 139 $ — $ —
Consumer mortgage
1st Mortgage 7,173 6,867 342 258 11
Home equity 2,648 3,102 40 58 ——
Total domestic 63,534 56,545 642 455 11
Foreign
Consumer automobile 216,883 —89 —3
Consumer mortgage
1st Mortgage —24 —23 ——
Home equity ——————
Total foreign 216,907 —112 —3
Total consumer finance receivables and loans $ 63,536 $ 73,452 $ 642 $ 567 $ 1 $ 4
(a) Includes nonaccrual troubled debt restructured loans of $373 million and $180 million at December 31, 2012, and December 31, 2011, respectively.
(b) There were no troubled debt restructured loans classified as 90 days past due and still accruing at December 31, 2012, and December 31, 2011.
Total consumer outstanding finance receivables and loans decreased $9.9 billion at December 31, 2012 compared with December 31,
2011. This decrease was related to the reclassification of foreign Automotive Finance operations to discontinued operations. This was partially
offset by an increase in our core domestic business driven by automobile consumer loan originations, which outpaced portfolio runoff,
primarily due to increased industry sales and growth in used and non-GM/Chrysler originations. Additionally, we continued to prudently
expand our nonprime originations.
Total consumer nonperforming finance receivables and loans at December 31, 2012, increased $75 million to $642 million from
December 31, 2011, reflecting an increase of $32 million of consumer automobile nonperforming finance receivables and loans and an
increase of $43 million of consumer mortgage nonperforming finance receivables and loans. Nonperforming consumer domestic automotive
finance receivables and loans increased due in part to seasoning of the domestic portfolio as well as increased TDRs as we continue to provide
additional options in lieu of repossessing vehicles. Nonperforming consumer domestic mortgage finance receivables and loans increased
primarily due to increased TDRs as we continue foreclosure prevention and loss mitigation procedures along with our participation in a
variety of government-sponsored refinancing programs. Refer to Note 8 to the Consolidated Financial Statements for additional information.
Nonperforming consumer finance receivables and loans as a percentage of total outstanding consumer finance receivables and loans were
1.0% and 0.8% at December 31, 2012 and December 31, 2011, respectively.
Consumer domestic automotive loans accruing and past due 30 days or more increased $290 million to $1.1 billion at December 31,
2012, compared with December 31, 2011. The increase is primarily due to asset growth, prudent expansion of underwriting strategy, which
was significantly narrowed during the recession, and seasoning of the portfolio.
Table of Contents
Management's Discussion and Analysis
Ally Financial Inc. • Form 10-K