Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 198

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 198
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 contracts with credit risk contingent features held by KeyBank that were in a net liability position.Dollars in millionsSeptember 30, 2025December 31, 2024Net derivative liabilities with credit-risk contingent features$(62)$(83)Collateral posted58 80 

78

As of September 30, 2025, and December 31, 2024, the fair value of additional collateral that could be required to be posted as a result of the credit risk related contingent features being triggered was immaterial to Key’s consolidated financial statements. At September 30, 2025, and December 31, 2024, only KeyBank held derivative contracts with credit risk contingent features. 

8. Mortgage Servicing AssetsWe originate and periodically sell commercial and residential mortgage loans but continue to service those loans for the buyers. We also may purchase the right to service commercial mortgage loans from other lenders. We record a servicing asset if we purchase or retain the right to service loans in exchange for servicing fees that exceed the going market servicing rate and are considered more than adequate compensation for servicing. Additional information pertaining to the accounting for mortgage and other servicing assets is included in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Servicing Assets” beginning on page 117 of our 2024 Form 10-K. CommercialChanges in the carrying amount of commercial mortgage servicing assets are summarized as follows: Three months ended September 30,Nine months ended September 30,Dollars in millions2025202420252024Balance at beginning of period$587 $612 $609 $638 Servicing retained from loan sales23 17 55 44 Purchases2 7 10 17 Amortization(32)(30)(94)(93)Balance at end of period$580 $606 $580 $606 Fair value at end of period$759 $816 $759 $816 The fair value of commercial mortgage servicing assets is determined by calculating the present value of future cash flows associated with servicing the loans. This calculation uses a number of assumptions that are based on current market conditions. The range and weighted average of the significant unobservable inputs used to determine the fair value of our commercial mortgage servicing assets at September 30, 2025, and September 30, 2024, along with the valuation techniques, are shown in the following table: September 30, 2025September 30, 2024Val