Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 229

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 229
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2025 and March 31, 2025, nor during the six months ended June 30, 2025 and 2024.

Residential Real Estate Lending

At June 30, 2025, residential real estate loans represented 7% of total loans. The following table summarizes the Corporation's residential mortgage and home equity loan portfolios by geographic market.

June 30, 2025December 31, 2024(dollar amounts in millions)ResidentialMortgageLoans% ofTotalHomeEquityLoans% ofTotalResidentialMortgageLoans% ofTotalHomeEquityLoans% ofTotalGeographic market:Michigan$614 32  %$405 23  %$576 30  %$420 23  %California878 45 929 51 889 46 931 52 Texas277 14 366 21 273 14 365 20 Other Markets185 9 81 5 191 10 86 5 Total$1,954 100  %$1,781 100  %$1,929 100  %$1,802 100  %

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Residential real estate loans, which consist of traditional residential mortgages and home equity loans and lines of credit, totaled $3.7 billion at June 30, 2025. The residential real estate portfolio is principally located within the Corporation's primary geographic markets. Substantially all residential real estate loans past due 90 days or more are placed on nonaccrual status, and substantially all junior lien home equity loans that are current or less than 90 days past due are placed on nonaccrual status if full collection of the senior position is in doubt. At no later than 180 days past due, such loans are charged off to current appraised values less costs to sell. 

Residential mortgages totaled $2.0 billion at June 30, 2025, and were primarily large, variable-rate mortgages originated and retained for certain private banking relationship customers. Of the $2.0 billion of residential mortgage loans outstanding, $42 million were on nonaccrual status at June 30, 2025, an increase of $5 million compared to December 31, 2024. The home equity portfolio totaled $1.8 billion at June 30, 2025, of which 95% was outstanding under primarily variable-rate, interest-only