Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 179

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 13
Chunk 179
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 with such securitizations. Delinquent loans and foreclosed assets related to loans sold to and held or securitized by GSEs and GNMA were $2.2 billion and $2.4 billion at March 31, 2025, and December 31, 2024, respectively.Table 13.3:  Sold or Securitized Loans Serviced for OthersNet charge-offsTotal loans Delinquent loansand foreclosed assets (1)Quarter ended March 31,(in millions)Mar 31, 2025Dec 31, 2024Mar 31, 2025Dec 31, 202420252024Commercial (2)$— 72,468 — 1,467 — 5 Residential7,201 7,362 333 340 1 2 Total off-balance sheet sold or securitized loans$7,201 79,830 333 1,807 1 7 (1)Includes $0 million and $258 million of commercial foreclosed assets and $24 million and $18 million of residential foreclosed assets at March 31, 2025, and December 31, 2024, respectively.(2)In first quarter 2025, we sold the non-agency portion of our commercial mortgage third-party servicing business.Transactions with Unconsolidated VIEsMORTGAGE LOAN SECURITIZATIONS.  Table 13.4 includes nonconforming mortgage loan securitizations where we originate and transfer the loans to the unconsolidated securitization VIEs that we sponsor. For additional information about these VIEs, see the “Loan Sales and Securitization Activity” section within this Note.Conforming loan securitization and resecuritization transactions involving the GSEs and GNMA are excluded from Table 13.4 because we are not the sponsor or we do not have power over the activities most significant to the VIEs. Additionally, due to the nature of the guarantees provided by the GSEs and the FHA and VA, our credit risk associated with these VIEs is limited. For additional information about conforming mortgage loan securitizations and resecuritizations, see the “Loan Sales and Securitization Activity” and “Resecuritization Activities” sections within this Note.COMMERCIAL REAL ESTATE LOANS.  We may transfer purchased industrial