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

12 Months Ended

Dec. 31, 2022

Broker-Dealer [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 December 31, 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	130 bps	Variable
Warehouse facility due June 14, 2023 (1)	—		300,000		—		135,601		130 bps	Variable
Warehouse facility due September 25, 2023	300,000		—		35,292		193,091		130 bps	Variable
Warehouse facility due September 25, 2023	—		100,000		—		—		130 bps	Variable
Warehouse facility due October 6, 2023	800,000		—		102,114		384,571		130 bps	Variable
Fannie Mae repurchase agreement, open maturity	—		400,000		—		93,771		115 bps	Variable
Total	$	1,550,000	$	800,000	$	137,406	$	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 180 bps. There were no outstanding draws under this sublimit as of December 31, 2022 and 2021.

(2)As of December 31, 2022, the spread for all warehouse facilities and the Fannie Mae repurchase line are to SOFR. As of December 31, 2021, the spread for the Fannie Mae repurchase line is to SOFR and the warehouse lines are to LIBOR.