Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 33

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 33
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 and payment delay16 12 41 36 All other modifications and combinations8 9 19 30 Total residential mortgage modifications$327 151 $717 460 Total residential mortgage modifications as a % of loan class0.13 %0.06 0.29 %0.18 Financial effects:Weighted average interest rate reduction1.27 %1.77 1.55 %1.80 Weighted average payments deferred (months) (2)4656Weighted average term extension (years)10.810.711.010.8Credit card modifications:Interest rate reduction$290 289 $742 576 Total credit card modifications$290 289 $742 576 Total credit card modifications as a % of loan class0.51 %0.53 1.30 %1.05 Financial effects:Weighted average interest rate reduction21.41 %22.25 21.45 %22.14 (1)Payment delay modifications include loan modifications that defer a set amount of principal to the end of the loan term. The outstanding balance of loans with principal deferred to the end of the loan term was $111 million and $87 million in third quarter 2025 and 2024, respectively, and $290 million and $284 million for the first nine months of 2025 and 2024, respectively.(2)Excludes the financial effects of loans with a set amount of principal deferred to the end of the loan term. The weighted average period of principal deferred was 26.0 years and 24.8 years in third quarter 2025 and 2024, respectively, and 24.9 years for the first nine months of both 2025 and 2024.Consumer loans that received a modification within the past 12 months as of September 30, 2025, and subsequently defaulted in the third quarter and first nine months of 2025, totaled $139 million and $206 million, respectively. As of September 30, 2024, consumer loans that received a modification within the past 12 months and subsequently defaulted in the third quarter and first nine months of 2024, totaled $96 million and $171 million, respectively.Table 5.18 provides past due information as of September 30, 2025 and 2024, for consumer loan modifications that received a modification in the past 12 months, and the related gross