Derivatives (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Contracts

The fair value of derivative contracts, computed in accordance with Newmark’s netting policy, is set forth below (in thousands):

	March 31, 2022						December 31, 2021
Derivative contract	Assets		Liabilities		Notional Amounts(1)		Assets		Liabilities		Notional Amounts(1)
Rate lock commitments	$	9,049	$	13,364	$	347,425	$	3,957	$	2,836	$	174,787
Forward sale contracts	21,883		367		919,129		4,544		2,180		1,226,007
Total	$	30,932	$	13,731	$	1,266,554	$	8,501	$	5,016	$	1,400,794

(1)Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of Newmark’s derivative activity, and do not represent anticipated losses.

Summary of Gain (Loss) on Change in Fair Value of Derivatives Included in Condensed Consolidated Statements of Operations

Gains and losses on derivative contracts, which are included on the accompanying unaudited condensed consolidated statements of operations were as follows (in thousands):

	Location of gain (loss) recognized in income for derivatives	Three Months Ended March 31,
		2022		2021
Derivatives not designed as hedging instruments:
Nasdaq Forwards	Other income (loss), net	$	—	$	(5,602)
Rate lock commitments	Commercial mortgage origination, net	(2,969)		4,694
Rate lock commitments	Compensation and employee benefits	(1,347)		(1,117)
Forward sale contracts	Commercial mortgage origination, net	21,516		2,757
Total		$	17,200	$	732