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Warehouse Facilities Collateralized by U.S. Government Sponsored Enterprises (Tables)
12 Months Ended
Dec. 31, 2023
Broker-Dealer [Abstract]  
Schedule of Company Lines Available and Borrowings Outstanding
Newmark had the following lines available and borrowings outstanding (in thousands), except the stated spread to one-month SOFR):
 Committed
Lines
Uncommitted
Lines
Balance at December 31, 2023Balance at December 31, 2022Stated Spread
to One-Month
SOFR
Rate Type
Warehouse facility due June 12, 2024 (1)
$450,000 $— $— $— 
130 bps
Variable
Warehouse facility due June 12, 2024 (1)
— 300,000 — — 
130 bps
Variable
Warehouse facility due September 25, 2024
250,000 — 94,873 35,292 
130 bps
Variable
Warehouse facility due September 25, 2024
— 150,000 — — 
130 bps
Variable
Warehouse facility due October 5, 2024
800,000 — 403,758 102,114 
130 bps
Variable
Warehouse facility due October 5, 2024
— 600,000 — — 
130 bps
Variable
Fannie Mae repurchase agreement, open maturity— 400,000 — — 
115 bps
Variable
Total$1,500,000 $1,450,000 $498,631 $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 one-month SOFR plus 180 bps. There were no outstanding draws under this sublimit as of December 31, 2023 and 2022.