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

6 Months Ended

Jun. 30, 2023

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, 2023		Balance at December 31, 2022		Stated Spread to One-Month SOFR	Rate Type
Warehouse facility due June 12, 2024 (1)	$	450,000	$	—	$	—	$	—	145 bps	Variable
Warehouse facility due June 12, 2024 (1)	—		300,000		—		—		145 bps	Variable
Warehouse facility due September 25, 2023	300,000		—		204,021		35,292		130 bps	Variable
Warehouse facility due September 25, 2023	—		100,000		—		—		130 bps	Variable
Warehouse facility due October 6, 2023	800,000		—		719,451		102,114		130 bps	Variable
Fannie Mae repurchase agreement, open maturity	—		400,000		8,000		—		115 bps	Variable
Total	$	1,550,000	$	800,000	$	931,472	$	137,406

(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 June 30, 2023 and December 31, 2022.