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Financial Guarantee Liability (Tables)
3 Months Ended
Mar. 31, 2018
Guarantees [Abstract]  
Summary of Changes on Estimated Liability Under Guarantee Liability

At March 31, 2018 and the year ended December 31, 2017, changes on the estimated liability under the guarantee liability were as follows:

 

Financial guarantee liability (in thousands)

 

 

 

 

Balance at December 31, 2016

 

$

(413

)

Reversal of provision

 

 

359

 

Balance at December 31, 2017

 

$

(54

)

Increase to provision

 

 

(7

)

Balance at March 31, 2018

 

$

(61

)

 

Summary of Provisions for Risk Sharing

The provisions for risk sharing were include in “Operating, administrative and other” in Newmark’s unaudited condensed consolidated statements of operations was as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Increase (decrease) to financial guarantee liability

 

$

7

 

 

$

(5

)

Decrease to credit enhancement asset

 

 

10

 

 

 

4

 

Total expense

 

$

17

 

 

$

(1

)