Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 259

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 259
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10.7%5.0 %IRLCs:Servicing fee multiple4.2 - 6.25.2 Pull-through rate75% - 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:June 30, 2025December 31, 2024Fair valueUPBDifferenceFair valueUPBDifference(in millions)Loans HFS:Current through 89 days delinquent$2,963 $2,854 $109 $2,244 $2,195 $49 90 days or more delinquent17 16 1 — — — Total$2,980 $2,870 $110 $2,244 $2,195 $49 

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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 Assets(Level 1)Active Markets for Similar Assets(Level 2)Unobservable Inputs(Level 3) (in millions)As of June 30, 2025:Loans HFI$300 $— $— $300 Other assets acquired through foreclosure218