Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 240

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 240
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 509 Consumer indirect319 792 1,536 Total$572,151 $514,703 $504,230 

In the event of default by a borrower, we are subject to recourse with respect to approximately $7.8 billion of the $572.2 billion of loans administered or serviced at December 31, 2024. These are primarily associated with commercial real estate loans administered or serviced. Additional information about this recourse arrangement is included in Note 22 (“Commitments, Contingent Liabilities, and Guarantees”) under the heading “Recourse agreement with FNMA.”

We derive income from several sources when retaining the right to administer or service loans that are sold. We earn noninterest income (recorded as “Consumer mortgage income” and “Commercial mortgage servicing fees”) from fees for servicing or administering loans. This fee income is reduced by the amortization of related servicing assets. In addition, we earn interest income from investing funds generated by escrow deposits collected in connection with the servicing loans. Additional information about our mortgage servicing assets is included in Note 9 (“Mortgage Servicing Assets”).

68

Maturities and sensitivity of certain loans to changes in interest rates

Figure 14 shows the remaining maturities of our loan portfolio and the sensitivity of certain loans to changes in interest rates as of December 31, 2024. 

Figure 14. Remaining Maturities and Sensitivity of Certain Loans to Changes in Interest Rates(a)

December 31, 2024Dollars in millionsWithin One Year   One - Five Years   Five - Fifteen YearsOver Fifteen YearsTotal   CommercialCommercial and industrial$13,360 $35,689 $3,733 $127 $52,909 Commercial Mortgage 6,483 4,322 2,176 329 13,310 Real estate — construction1,829 750 165 192 2,936 Commercial lease financing 181 1,586 969 — 2,736 Total commercial loans$21,853 $42,347 $7,043 $648 $71,891 ConsumerReal estate - residential mortgage$183 $36 $678 $18,989 $19,886 Home equity loans99 205 1,798 4,256 6,358 Other consumer loans505 807 2,040 1,815