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Derivatives - Fair Value of Derivative Contracts (Detail) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]    
Derivative contract, Assets $ 73,448 $ 92,528
Derivative contract, Liabilities 29,689 16,678
Derivative contract, Notional Amounts 2,435,513 1,814,834
Forwards [Member]    
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]    
Derivative contract, Assets [1] 51,497 85,796
Derivative contract, Liabilities 27,261 9,208
Derivative contract, Notional Amounts [2] 1,794,842 1,574,114
Rate Lock Commitments [Member]    
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]    
Derivative contract, Assets 21,951 6,732
Derivative contract, Liabilities 2,428 7,470
Derivative contract, Notional Amounts $ 640,671 $ 240,720
[1] Included in Forwards is $48.7 million and $77.6 million of the Nasdaq Forwards as of June 30, 2019 and December 31, 2018, respectively (See Note 1 — Organization and Basis of Presentation). Newmark recorded $29.0 million and $(19.0) million of unrealized (gains)/losses for a change in the fair value of the Nasdaq Forwards as of June 30, 2019 and December 31, 2018, respectively.
[2] Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of Newmark’s derivative activity, and does not represent anticipated losses. Included in the notional amounts of forwards is $361.0 million for the Nasdaq Forwards as of June 30, 2019 and December 31, 2018.