Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 200

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 13
Chunk 200
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conforming mortgage loan securitizations (3)$165,218 — 2,203 512 (4)2,711 Commercial real estate loans5,289 5,275 — 14 — 5,289 Other1,186 67 — 10 — 77 Total$171,693 5,342 2,203 536 (4)8,077 Maximum exposure to lossLoansDebtsecurities (1)All otherassets (2)Debt,guarantees,and other commitmentsTotal exposureNonconforming mortgage loan securitizations (3)$— 2,203 512 4 2,719 Commercial real estate loans5,275 — 14 695 5,984 Other67 — 10 157 234 Total$5,342 2,203 536 856 8,937 (1)Includes $0 million and $298 million of securities classified as trading at June 30, 2025, and December 31, 2024, respectively.(2)All other assets includes mortgage servicing rights, derivative assets, and other assets. Other assets at December 31, 2024, were predominantly servicer advances.(3)In first quarter 2025, we sold the non-agency portion of our commercial mortgage third-party servicing business. As a result, we no longer have continuing involvement in the form of servicing.

Wells Fargo & Company109

Note 13:  Securitizations and Variable Interest Entities (continued)

INVOLVEMENT WITH TAX CREDIT VIES.  In addition to the unconsolidated VIEs in Table 13.4, we may invest in or provide funding to affordable housing, renewable energy or similar projects that are designed to generate a return primarily through the realization of federal income tax credits and other income tax benefits. Our affordable housing investments generate low-income housing tax credits and our renewable energy investments generate either production tax credits, investment tax credits, or both. The projects are typically managed by third-party sponsors who have the power over the VIE’s assets; therefore, we do not consolidate the VIEs. The carrying value of our equity investments in tax credit VIEs was $20.8 billion and $21.7 billion at June 30, 2025, and December 31, 2024, respectively. Additionally, we had loans to tax credit VIE