Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 30

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 30
---
(1)Nonaccrual loans may not have an allowance for credit losses if the loss expectations are zero given the related collateral value.

LOANS IN PROCESS OF FORECLOSURE.  Our recorded investment in consumer mortgage loans collateralized by residential real estate property that are in process of foreclosure was $651 million and $705 million at September 30, 2025, and December 31, 2024, respectively, which included $495 million and $540 million, respectively, of loans that are government insured/guaranteed. Under the Consumer Financial Protection Bureau guidelines, we do not commence the foreclosure process on residential mortgage loans until after the loan is 120 days delinquent. Foreclosure procedures and timelines vary depending on whether the property address resides in a judicial or non-judicial state. Judicial states require the foreclosure to be processed through the state’s courts while non-judicial states are processed without court intervention. Foreclosure timelines vary according to state law.LOANS 90 DAYS OR MORE PAST DUE AND STILL ACCRUING.  Certain loans 90 days or more past due are still accruing, because they are (1) well-secured and in the process of collection or (2) residential mortgage or consumer loans exempt under regulatory rules from being classified as nonaccrual until later delinquency, usually 120 days past due.Table 5.14 shows loans 90 days or more past due and still accruing by class for loans not government insured/guaranteed.Table 5.14:  Loans 90 Days or More Past Due and Still Accruing(in millions)Sep 30,2025Dec 31,2024Total:$3,526 4,802 Less: government insured/guaranteed loans (1)2,266 2,801 Total, not government insured/guaranteed$1,260 2,001 By segment and class, not government insured/guaranteed:Commercial and industrial$138 537 Commercial real estate244 468 Total commercial382 1,005 Residential mortgage39 39 Credit card764 852 Auto47 71 Other consumer28 34 Total consumer878 996 Total, not government insured/guaranteed$1,260 2,001 (1)Represents residential mortgage loans whose repayments are insured or guaranteed by U.S. government agencies, such as the FHA or the VA.

Wells Fargo & Company81

Note 5: