PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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Mar 31, 2026 · Filed May 5, 2026
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Loan Sale and Servicing Activities
The following table provides our loan sale and servicing activities.
Table 57: Loan Sale and Servicing Activities
| In millions | Residential Mortgages | Commercial Mortgages |
|---|---|---|
| Sales of loans and related securitization activity (a) | $819 | $1,516 |
| Repurchases of previously transferred loans (b) | $40 | $77 |
| Servicing fees (c) | $139 | $46 |
| Servicing advances recovered/(funded), net | $6 | $1 |
| Cash flows on mortgage-backed securities held (d) | $625 | $4 |
| Sales of loans and related securitization activity (a) | $704 | $493 |
| Repurchases of previously transferred loans (b) | $35 | $— |
| Servicing fees (c) | $130 | $50 |
| Servicing advances recovered/(funded), net | $19 | $11 |
| Cash flows on mortgage-backed securities held (d) | $571 | $26 |
(a)Gains/losses recognized on sales of loans were insignificant for the periods presented.
(b)Represents the outstanding principal balance of repurchased loans and includes both residential and commercial mortgage government insured or guaranteed loans eligible for repurchase through the exercise of our ROAP option, as well as residential mortgage loans repurchased due to alleged breaches of origination covenants or representations and warranties made to purchasers.
(c)Includes contractually specified servicing fees, late charges and ancillary fees.
(d)Represents cash flows on securities where we transferred to and/or service loans for a securitization SPE and we hold securities issued by that SPE. The carrying values of such securities held were $18.8 billion, $17.2 billion and $17.8 billion in residential mortgage-backed securities at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. The carrying values of commercial mortgage-backed securities were $0.6 billion, $0.4 billion and $0.6 billion at March 31, 2026, December 31, 2025 and March 31, 2025, respectively.
Table 58 presents information about the principal balances of transferred loans that we service and are not recorded on our Consolidated Balance Sheet.
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