Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 78

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 78
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 30, 2025, and December 31, 2024, respectively, due to guarantees provided by GSEs and the FHA and VA, which limit our credit risk associated with such securitizations. Delinquent loans and foreclosed assets related to loans sold to and held or securitized by GSEs and GNMA were $1.9 billion and $2.4 billion at June 30, 2025, and December 31, 2024, respectively.Table 13.3:  Sold or Securitized Loans Serviced for OthersNet charge-offsTotal loans Delinquent loansand foreclosed assets (1)Six months ended June 30,(in millions)Jun 30, 2025Dec 31, 2024Jun 30, 2025Dec 31, 202420252024Commercial (2)$6 72,468 — 1,467 — 5 Residential3,299 7,362 300 340 5 3 Total off-balance sheet sold or securitized loans$3,305 79,830 300 1,807 5 8 (1)Includes $0 million and $258 million of commercial foreclosed assets and $21 million and $18 million of residential foreclosed assets at June 30, 2025, and December 31, 2024, respectively.(2)In first quarter 2025, we sold the non-agency portion of our commercial mortgage third-party servicing business.Transactions with Unconsolidated VIEsMORTGAGE LOAN SECURITIZATIONS.  Table 13.4 includes nonconforming mortgage loan securitizations where we originate and transfer the loans to the unconsolidated securitization VIEs that we sponsor. For additional information about these VIEs, see the “Loan Sales and Securitization Activity” section within this Note.Conforming loan securitization and resecuritization transactions involving the GSEs and GNMA are excluded from Table 13.4 because we are not the sponsor or we do not have power over the activities most significant to the VIEs. Additionally, due to the nature of the guarantees provided by the GSEs and the FHA and VA, our credit risk associated with these VIEs is limited. For additional information about conforming mortgage loan securitizations and resecuritizations, see the