v3.26.1
Sales of Receivables and Servicing Rights (Tables)
 3 Months Ended
Mar. 31, 2026
Transfers and Servicing [Abstract]  
Activity Related to Mortgage Banking Net Revenue
Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows:
For the three months ended
March 31,
($ in millions)20262025
Residential mortgage loan sales(a)
$1,281 1,003 
Origination fees and gains on loan sales23 14 
Gross mortgage servicing fees70 74 
(a)Represents the unpaid principal balance at the time of the sale.
Changes in Servicing Assets The following table presents changes in the servicing rights related to residential mortgage loans for the three months ended March 31:
($ in millions)20262025
Balance, beginning of period$1,598 1,704 
Servicing rights originated23 9 
Changes in fair value:
Due to changes in inputs or assumptions(a)
1 (16)
Other changes in fair value(b)
(39)(34)
Balance, end of period$1,583 1,663 
(a)Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates.
(b)Primarily reflects changes due to realized cash flows and the passage of time.
Servicing Assets and Residual Interests Economic Assumptions
The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended March 31, 2026 and 2025 were as follows:
March 31, 2026March 31, 2025
Weighted-
Average Life
(in years)		Prepayment
Speed
(annual)		OAS
(bps)		Weighted-
Average Life
(in years)		Prepayment
Speed
(annual)		OAS
(bps)
Fixed-rate7.710.8 %6657.410.7  %483
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions
At March 31, 2026, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows:
($ in millions)(a)
Prepayment Speed AssumptionOAS Assumption
Fair ValueWeighted-
Average Life
(in years)		Impact of Adverse Change
on Fair Value		OAS
(bps)		Impact of Adverse Change on Fair Value
Rate10%20%50%10%20%
Fixed-rate$1,580 8.06.8 %$(37)(72)(168)431$(31)(64)
Adjustable-rate3 4.418.7 — (1)(2)711— (1)
(a)The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial.