Wells Fargo 2010 Annual Report Download - page 139

The following table provides the outstanding balances of our consumer portfolio by delinquency status, excluding PCI loans.
December 31, 2010
Real estate Real estate Other
1-4 family 1-4 family revolving
first
junior lien Credit credit and
(in millions) mortgage mortgage card installment Total
By delinquency status:
Current $ 159,321 89,408 20,546 74,083 343,358
1-29 DPD 5,597 3,104 730 8,635 18,066
30-59 DPD 4,993 917 262 1,802 7,974
60-89 DPD 2,911 608 207 691 4,417
90-119 DPD 4,152 476 190 371 5,189
120-179 DPD 5,363 764 324 349 6,800
180+ DPD 14,653 622 1 634 15,910
Total consumer loans (excluding PCI) $ 196,990 95,899 22,260 86,565 401,714
Of the $27.9 billion of loans 90 days or more past due in the
previous table, $14.1 billion, which excludes MHFS, represents
insured/guaranteed loans whose repayments are insured by the
FHA or guaranteed by the VA. Of the remaining $13.7 billion of
loans that are 90 days or more past due, $3.1 billion was
accruing. Consumer loans are placed on nonaccrual status and
written down to net realizable value depending on the loan type
and the extent of delinquency (see Note 1).
Of the $14.1 billion in delinquent insured/guaranteed loans,
$8.0 billion are more than 180 days past due. Excluding these
insured/guaranteed loans, real estate 1-4 family first mortgage
loans 180 days or more past due totaled $6.6 billion, or 3.4% of
total first mortgages. The aging of the delinquent real estate
1-4 family first mortgage loans is a result of the prolonged
foreclosure process and our effort to help customers stay in their
homes through various loan modification programs.
The following table provides a breakdown of our consumer
portfolio by updated FICO. We obtain FICO scores at loan
origination and the scores are updated at least quarterly. FICO is
not available for certain loan types and may not be obtained if we
deem it unnecessary due to strong collateral and other borrower
attributes, primarily for government guaranteed student loans of
$17.5 billion and securities-based margin loans of $4.1 billion.
The majority of our portfolio is underwritten with a FICO score
of 680 and above. The table excludes PCI loans, which are
included in the “Purchased Credit-Impaired Loans” section of
this Note.
December 31, 2010
Real estate Real estate Other
1-4 family 1-4 family revolving
first
junior lien Credit credit and
(in millions) mortgage mortgage card installment Total
By updated FICO:
< 600 $ 34,207 9,037 2,872 10,809 56,925
600-639 14,422 4,509 1,826 5,970 26,727
640-679 18,794 7,729 3,305 8,354 38,182
680-719 26,435 13,768 4,522 9,495 54,220
720-759 29,335 20,322 4,441 8,827 62,925
760-799 47,054 27,214 3,215 9,368 86,851
800+ 19,702 10,607 1,794 4,693 36,796
No FICO available 7,041 2,713 285 7,457 17,496
FICO not required - - - 21,592 21,592
Total consumer loans (excluding PCI) $ 196,990 95,899 22,260 86,565 401,714
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