Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 88

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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 million of such EBO loans during the three and six months ended June 30, 2025, respectively. The Company repurchased $104 million and $182 million of such EBO loans during the three and six months ended June 30, 2024, respectively. Prior to repurchase, these loans are classified as loans eligible for repurchase, which is included as a component of Other assets on the Consolidated Balance Sheet.During the three and six months ended June 30, 2025, the Company sold loans with a carrying value of approximately $161 million and $379 million, respectively, and recognized a net loss of $0.2 million and $2.8 million, respectively, and net charge-offs of $1.7 million for both the three and six months ended June 30, 2025. During the three and six months ended June 30, 2024, the Company sold loans with a carrying value of approximately $151 million and $388 million, respectively. The Company recognized a charge-off of $1.6 million and a net loss of $0.7 million on these loan sales during the three months ended June 30, 2024. During the six months ended June 30, 2024, the Company recognized a charge-off of $3.0 million and a net loss of $5.8 million on these loan sales.

5. MORTGAGE SERVICING RIGHTSThe following table presents changes in the fair value of the Company's MSR portfolio related to its mortgage banking business and other information related to its servicing portfolio: Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in millions)Balance, beginning of period$1,241 $1,178 $1,127 $1,124 Additions from loans sold with servicing rights retained284 214 545 403 Carrying value of MSRs sold(452)(241)(535)(397)Change in fair value23 32 3 92 Realization of cash flows(52)(38)(96)(77)Balance, end of period$1,044 $1,145 $1,044 $1,145 June 30, 2025December 31, 2024(in millions)Unpaid principal balance of mortgage loans serviced for others$59,441 $61,089 Changes in the fair value of MSRs are recorded as Net loan servicing revenue in the Consolidated