XML 114 R33.htm IDEA: XBRL DOCUMENT

Escrow and Custodial Funds	3 Months Ended
Escrow and Custodial Funds	Mar. 31, 2020
Deposit Assets Disclosure [Abstract]
Escrow and Custodial Funds	Escrow and Custodial Funds In conjunction with the servicing of multifamily and commercial loans, Newmark holds escrow and other custodial funds. Escrow funds are held at unaffiliated financial institutions generally in the form of cash and cash equivalents. These funds amounted to $694.0 million and $925.0 million as of March 31, 2020 and December 31, 2019, respectively. These funds are held for the benefit of Newmark’s borrowers and are segregated in custodial bank accounts. These amounts are excluded from the assets and liabilities of Newmark.