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

6 Months Ended

Jun. 30, 2022

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 June 30, 2022		Balance at December 31, 2021		Stated Spread to One-Month LIBOR/SOFR(2)	Rate Type
Warehouse facility due June 14, 2023 (1)	$	450,000	$	—	$	—	$	243,659	135 bps	Variable
Warehouse facility due June 14, 2023 (1)	—		300,000		—		135,601		135 bps	Variable
Warehouse facility due October 7 2022	600,000		—		275,008		384,571		130 bps	Variable
Warehouse facility due September 25, 2022	400,000		—		371,932		193,091		130 bps	Variable
Fannie Mae repurchase agreement, open maturity	—		400,000		187,642		93,771		115 bps	Variable
Total	$	1,450,000	$	700,000	$	834,582	$	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 SOFR plus 190 bps. There were no outstanding draws under this sublimit as of June 30, 2022.

(2)The spread for the warehouse line due June 14, 2023 and the Fannie Mae repurchase agreement is to SOFR. The other warehouse facilities are to LIBOR.