Warehouse Facilities Collateralized by U.S. Government Sponsored Enterprises (Tables)

3 Months Ended

Mar. 31, 2022

Brokers and Dealers [Abstract]

Schedule of Company Lines Available and Borrowings Outstanding

Newmark had the following lines available and borrowings outstanding (in thousands):

	Committed Lines		Uncommitted Lines		Balance at March 31, 2022		Balance at December 31, 2021		Stated Spread to One-Month LIBOR/SOFR(2)	Rate Type
Warehouse facility due October 7, 2022	$	600,000	$	—	$	306,457	$	384,571	130 bps	Variable
Warehouse facility due June 15, 2022(1)	450,000		—		133,153		243,659		130 bps	Variable
Warehouse facility due June 15, 2022	—		300,000		—		135,601		130 bps	Variable
Warehouse facility due September 25, 2022	400,000		—		132,095		193,091		130 bps	Variable
Fannie Mae repurchase agreement, open maturity	—		400,000		—		93,771		115 bps	Variable
Total	$	1,450,000	$	700,000	$	571,705	$	1,050,693

(1)The warehouse line established a $125.0 million sublimit line of credit to fund potential principal and interest servicing advances on the Company's Fannie Mae portfolio during the forbearance period related to the CARES Act. Advances will have an interest rate of 1-month LIBOR plus 180 bps. There were no outstanding draws under this sublimit as of March 31, 2022.

(2)The spread for the Fannie Mae repurchase agreement is to SOFR. The warehouse facilities are to LIBOR.