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

9 Months Ended

Sep. 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 September 30, 2022		Balance at December 31, 2021		Stated Spread to One-Month LIBOR/SOFR(4)	Rate Type
Warehouse facility due June 14, 2023 (1)	$	450,000	$	—	$	189,620	$	243,659	135 bps	Variable
Warehouse facility due June 14, 2023 (1)	—		300,000		—		135,601		135 bps	Variable
Warehouse facility due September 25, 2023	300,000		—		109,223		193,091		130 bps	Variable
Warehouse facility due September 25, 2023	—		100,000		—		—		130 bps	Variable
Warehouse facility due October 7, 2022 (2) (3)	600,000		—		577,600		384,571		130 bps	Variable
Fannie Mae repurchase agreement, open maturity	—		400,000		139,909		93,771		115 bps	Variable
Total	$	1,350,000	$	800,000	$	1,016,352	$	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 September 30, 2022.

(2)This line was temporarily increased by $100 million to $700 million for the period September 30, 2022 to October 7, 2022.

(3)This line was renewed on October 7, 2022. The maturity date was extended to October 6, 2023. The committed amount was increased to $800 million and the stated spread is now to SOFR.

(4)The spread for the warehouse line due October 7, 2022 is to LIBOR. The Fannie Mae repurchase line and the other warehouse lines are to SOFR.