XML 63 R52.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Warehouse Notes Payable (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Brokers And Dealers [Abstract] |
Schedule of Company Lines Available and Borrowings Outstanding | As of March 31, 2018, Newmark had the following lines available and borrowings outstanding (in thousands):
|  | Committed Lines |  |  | Uncommitted Lines |  |  | Balance at March 31, 2018 |  |  | Stated Spread to One Month LIBOR |  | Rate Type
Warehouse line due June 20, 2018 |  | $ | 450,000 |  |  | $ | — |  |  | $ | 390,295 |  |  | 130 bps |  | Variable
Warehouse line due September 25, 2018 |  |  | 200,000 |  |  |  | — |  |  |  | 166,480 |  |  | 130 bps |  | Variable
Warehouse line due October 11, 2018(1) |  |  | 400,000 |  |  |  | — |  |  |  | 361,739 |  |  | 130 bps |  | Variable
Fannie Mae repurchase agreement, open maturity |  |  | — |  |  |  | 325,000 |  |  |  | 31,965 |  |  | 120 bps |  | Variable
|  | $ | 1,050,000 |  |  | $ | 325,000 |  |  | $ | 950,479 |  |  |  |  |
(1) | The warehouse line was temporarily increased by $300.0 million to $400.0 million for the period of March 29, 2018 to May 12, 2018.
As of December 31, 2017, Newmark had the following lines available and borrowings outstanding (in thousands):
|  | Committed Lines |  |  | Uncommitted Lines |  |  | Balance at December 31, 2017 |  |  | Stated Spread to One Month LIBOR |  | Rate Type
Warehouse line due June 20, 2018 |  | $ | 450,000 |  |  | $ | — |  |  | $ | 60,715 |  |  | 130 bps |  | Variable
Warehouse line due September 25, 2018 |  |  | 200,000 |  |  |  | — |  |  |  | 107,383 |  |  | 130 bps |  | Variable
Warehouse line due October 11, 2018 |  |  | 300,000 |  |  |  | — |  |  |  | 174,102 |  |  | 130 bps |  | Variable
Fannie Mae repurchase agreement, open maturity |  |  | — |  |  |  | 325,000 |  |  |  | 18,240 |  |  | 120 bps |  | Variable
|  | $ | 950,000 |  |  | $ | 325,000 |  |  | $ | 360,440 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_BrokersAndDealersAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration