Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 154

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 6
Chunk 154
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 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 PortfolioSep 30, 2025Dec 31, 2024($ in billions, unless otherwise noted)Residential mortgagesCommercial mortgagesResidential mortgagesCommercial mortgagesServiced and subserviced for others (1)$434 75 488 531 Owned loans serviced246 113 252 117 Total managed servicing portfolio680 188 740 648 Total serviced for others, excluding subserviced for others434 58 487 522 MSRs as a percentage of loans serviced for others1.42 %1.06 1.41 0.18 Weighted average note rate (mortgage loans serviced for others)3.77 4.00 3.76 5.05 Servicer advances, net of an allowance for uncollectible amounts ($ in millions) (1)$635 19 977 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 September 30,Nine months ended September 30,(in millions)2025202420252024Contractually specified servicing fees, late charges and ancillary fees$347 462 $1,120 1,398 Unreimbursed servicing costs (1)(60)(31)(163)(90)Amortization for commercial MSRs (2)(36)(58)(121)(173)Changes due to collection/realization of expected cash flows (3)(192)(235)(577)(695)Net servicing fees59 138 259 440 Changes in fair value of MSRs due to market interest rates1 (296)(124)71 Changes in fair value of MSRs due to other valuation inputs or assumptions (4)97 2 242 (54)Net derivative gain (losses) from economic hedges (5)2