Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 155

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 6
Chunk 155
---
309 128 (52)Market-related valuation changes to residential MSRs, net of hedge results100 15 246 (35)Total net servicing income159 153 505 405 Net gains on mortgage loan originations/sales (6)109 127 325 348 Total mortgage banking noninterest income$268 280 $830 753 (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 $39 million for the remainder of 2025, and $129 million, $107 million, $95 million, $73 million, and $55 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 losses of $(6) million and $(20) million in the third quarter and first nine months of 2025, respectively, and $(56) million and $(5) million in the third quarter and first nine months of 2024, respectively, related to derivatives used as economic hedges of mortgage loans held for sale and derivative loan commitments.

Wells Fargo & Company85