Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 123

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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apture rate0.0% - 55.0%25.8 %Servicing fee rate (in basis points)25.0 - 56.537.5 Cost to service$77 - $83$79 Loans HFS:Lifetime liquidation probability1.6% to 8.0%3.4 %IRLCs:Servicing fee multiple4.4 - 6.35.2 Pull-through rate73% - 100%89 %December 31, 2024Asset/liabilityKey inputsRangeWeighted averageMSRs:Option adjusted spread (in basis points)21 - 315237 Conditional prepayment rate (1)8.4% - 19.0%14.0 %Recapture rate20.0% - 20.0%20.0 %Servicing fee rate (in basis points)25.0 - 56.536.4 Cost to service$75 - $95$82 IRLCs:Servicing fee multiple4.3 - 6.45.3 Pull-through rate76% - 100%92 %(1)    Lifetime total prepayment speed annualized. The following is a summary of the difference between the aggregate fair value and the aggregate UPB of loans HFS for which the FVO has been elected:September 30, 2025December 31, 2024Fair valueUPBDifferenceFair valueUPBDifference(in millions)Loans HFS:Current through 89 days delinquent$3,437 $3,298 $139 $2,244 $2,195 $49 90 days or more delinquent26 25 1 — — — Total$3,463 $3,323 $140 $2,244 $2,195 $49 Fair value on a nonrecurring basisCertain assets are measured at fair value on a nonrecurring basis. That is, the assets are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of credit deterioration). The following table presents such assets carried on the Consolidated Balance Sheet by caption and by level within the ASC 825 hierarchy: Fair Value Measurements at the End of the Reporting Period Using TotalQuoted Prices in Active Markets for Identical