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Financial Guarantee Liability (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Changes on Estimated Liability Under Guarantee Liability

At June 30, 2019 and December 31, 2018, changes on the estimated liability under the guarantee liability were as follows:

Financial guarantee liability (in thousands)
Balance at January 1, 2018	$	(54	)
Reversal of provision		22
Balance at December 31, 2018	$	(32	)
Increase to provision		(41	)
Balance at June 30, 2019	$	(73	)

Schedule of Provision for Risk Sharing

The provisions for risk sharing are included in “Operating, administrative and other” in Newmark’s unaudited condensed consolidated statements of operations as follows (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2019		2018			2019		2018
Increase (decrease) to financial guarantee liability	$	—	$	(14	)	$	41	$	(7	)
Decrease (increase) to credit enhancement asset ⁽¹⁾	—		—			—			10
Total expense	$	—	$	(14	)	$	41	$	3

(1)

The credit enhancement recievable is included in “Other assets” in the accompanying consolidated balance sheets.