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

6 Months Ended

Jun. 30, 2019

Brokers And Dealers [Abstract]

Schedule of Company Lines Available and Borrowings Outstanding

As of June 30, 2019, Newmark had the following lines available and borrowings outstanding (in thousands):

		Committed Lines				Uncommitted Lines				Balance at June 30, 2019				Stated Spread to One Month LIBOR		Rate Type
Warehouse facility due June 17, 2020		$	450,000			$	—			$	120,945			115 bps		Variable
Warehouse facility due June 17, 2020			-				200,000				-			110 bps		Variable
Warehouse facility due September 25, 2019			200,000				—				189,749			115 bps		Variable
Warehouse facility due October 10, 2019(1)			700,000				—				433,854			115 bps		Variable
Fannie Mae repurchase agreement, open maturity			—				325,000				48,646			105 bps		Variable
		$	1,350,000			$	525,000			$	793,194

(1) The warehouse facility was temporarily increased by $400.0 million to $700.0 million for the period of May 16, 2019 to July 15, 2019.
The warehouse facility was temporarily increased by $200.0 million to $500.0 million for the period of July 15, 2019 to August 28, 2019.
The warehouse facility was temporarily increased by an additional $1.3 billion to $1.8 billion for the period no longer than July 16, 2019 to September 13, 2019.

As of December 31, 2018, Newmark had the following lines available and borrowings outstanding (in thousands):

		Committed Lines				Uncommitted Lines				Balance at December 31, 2018				Stated Spread to One Month LIBOR		Rate Type
Warehouse facility due June 19, 2019		$	450,000			$	—			$	413,063			120 bps		Variable
Warehouse facility due September 25, 2019			200,000				—				113,452			120 bps		Variable
Warehouse facility due October 10, 2019(2)			1,000,000				—				416,373			120 bps		Variable
Fannie Mae repurchase agreement, open maturity			—				325,000				29,499			115 bps		Variable
		$	1,650,000			$	325,000			$	972,387

(2) The warehouse facility was temporarily increased by $700.0 million to $1.0 billion for the period of November 30, 2018 to January 29, 2019. On January 29, 2019, the temporary increase was decreased by $400 million to $300 million for the period January 29, 2019 to April 1, 2019.

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- References

No definition available.

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-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

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