Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 153

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 6
Chunk 153
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 economic hedges (5)(6)(90)126 (361)Market-related valuation changes to residential MSRs, net of hedge results82 (30)146 (50)Total net servicing income141 127 346 252 Net gains on mortgage loan originations/sales (6)89 116 216 221 Total mortgage banking noninterest income$230 243 $562 473 (1)Includes costs associated with foreclosures, unreimbursed interest advances to investors, other interest costs, and transaction costs associated with sales of residential MSRs.(2)Estimated future amortization expense for commercial MSRs was $74 million for the remainder of 2025, and $125 million, $103 million, $92 million, $69 million, and $52 million for the years ended December 31, 2026, 2027, 2028, 2029, and 2030, respectively.(3)Represents the reduction in the cash flows expected to be collected during the period, net of income accreted due to the passage of time, for residential MSRs measured using the fair value method.(4)Refer to the analysis of changes in residential MSRs presented in Table 6.1 in this Note for more detail.(5)See Note 11 (Derivatives) for additional information on economic hedges for residential MSRs.(6)Includes net gains (losses) of $(2) million and $(14) million in the second quarter and first half of 2025, respectively, and $14 million and $51 million in the second quarter and first half of 2024, respectively, related to derivatives used as economic hedges of mortgage loans held for sale and derivative loan commitments.

86Wells Fargo & Company