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Concentrations of Credit Risk | 6 Months Ended
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Jun. 30, 2019
Risks And Uncertainties [Abstract] |
Concentrations of Credit Risk |
(2 4) | Concentrations of Credit Risk
The lending activities of Newmark create credit risk in the event that counterparties do not fulfill their contractual payment obligations. In particular, Newmark is exposed to credit risk related to the Fannie Mae DUS and Freddie Mac TAH loans (See Note 23 — Financial Guarantee Liability). As of June 30, 2019, 24% and 16% of $5.7 billion of the maximum loss (See Note 23 — Financial Guarantee Liability) was for properties located in California and Texas, respectively. As of December 31, 2018, 25% and 16% of $5.8 billion of the maximum loss (See Note 23 — Financial Guarantee Liability) was for properties located in California and Texas, respectively.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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