Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 34

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 34
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 charge-offs that occurred on these modifications during the third quarter and first nine months of both 2025 and 2024.Table 5.18:  Payment Performance of Consumer Loan ModificationsBy delinquency statusGross charge-offs(in millions)Current-29 DPD30-89 DPD90+ DPDTotalQuarter endedNine months endedSeptember 30, 2025Residential mortgage (1)$429 124 88 641 1 5 Credit card (2)842 124 89 1,055 79 210 Total consumer$1,271 248 177 1,696 80 215 September 30, 2024Residential mortgage (1)$411 127 98 636 — 5 Credit card (2)567 109 74 750 57 140 Total consumer$978 236 172 1,386 57 145 (1)Loan modifications in an active payment deferral are excluded. Includes loans where delinquency status was not reset to current upon exit from the deferral period.(2)Credit card loans that are past due at the time of the modification do not become current until they have three consecutive months of payment performance.Commitments to lend additional funds on commercial loans modified during the first nine months of 2025 and 2024, were $357 million and $317 million, respectively, the majority of which were in the commercial and industrial portfolio. Commitments to lend additional funds on consumer loans modified during the first nine months of both 2025 and 2024, were insignificant.

Wells Fargo & Company83

Note 6:  Mortgage Banking Activities Mortgage banking activities consist of residential and commercial mortgage originations, sales and servicing.We apply the fair value method to residential mortgage servicing rights (MSRs) and apply the amortization method to commercial MSRs. Table 6.1 presents MSRs, including the changes in MSRs measured using the fair value method and the amortization method.Table 6.1:  Mortgage Servicing RightsQuarter ended September 30,Nine months ended September 30,(in millions)2025202420252024Residential MSRs at fair value, beginning of period$6,417 7,061 $6,844 7,468 Originations/purchases27 22 78 61 Sales and other(183)(10)(296)(307)Net reductions(156)12 (218)(246