Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 152

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 6
Chunk 152
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 timeframe from cash flows from the trust, government-sponsored enterprise (GSEs), insurer, or borrower. We maintain an allowance for uncollectible amounts for advances on loans serviced for others that may not be reimbursed if the payments were not made in accordance with applicable servicing agreements or if the insurance or servicing agreements contain limitations on reimbursements. We also advance payments of taxes and insurance for our owned loans which are collectible from the borrower. Servicer advances on owned loans are written-off when deemed uncollectible.Table 6.3:  Managed Servicing PortfolioJun 30, 2025Dec 31, 2024($ in billions, unless otherwise noted)Residential mortgagesCommercial mortgagesResidential mortgagesCommercial mortgagesServiced and subserviced for others (1)$460 74 488 531 Owned loans serviced247 114 252 117 Total managed servicing portfolio707 188 740 648 Total serviced for others, excluding subserviced for others455 57 487 522 MSRs as a percentage of loans serviced for others1.41 %1.11 1.41 0.18 Weighted average note rate (mortgage loans serviced for others)3.77 3.94 3.76 5.05 Servicer advances, net of an allowance for uncollectible amounts ($ in millions) (1)$723 22 977 1,173 (1)In first quarter 2025, we sold the non-agency portion of our commercial mortgage third-party servicing business.Table 6.4 presents the components of mortgage banking noninterest income.Table 6.4:  Mortgage Banking Noninterest IncomeQuarter ended June 30,Six months ended June 30,(in millions)2025202420252024Contractually specified servicing fees, late charges and ancillary fees$367 462 $773 936 Unreimbursed servicing costs (1)(76)(13)(103)(59)Amortization for commercial MSRs (2)(36)(58)(85)(115)Changes due to collection/realization of expected cash flows (3)(196)(234)(385)(460)Net servicing fees59 157 200 302 Changes in fair value of MSRs due to market interest rates(2)90 (125)367 Changes in fair value of MSRs due to other valuation inputs or assumptions (4)90 (30)145 (56)Net derivative gain (losses) from