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

3 Months Ended

Mar. 31, 2023

Broker-Dealer [Abstract]

Schedule of Company Lines Available and Borrowings Outstanding

Newmark had the following lines available and borrowings outstanding (in thousands):

			Committed Lines						Uncommitted Lines						Balance at March 31, 2023						Balance at December 31, 2022						Stated Spread to One-Month SOFR						Rate Type
Warehouse facility due June 14, 2023 (1)			$	450,000					$	—					$	28,563					$	—					130 bps						Variable
Warehouse facility due June 14, 2023 (1)			—						300,000						—						—						130 bps						Variable
Warehouse facility due September 25, 2023			300,000						—						227,046						35,292						130 bps						Variable
Warehouse facility due September 25, 2023			—						100,000						—						—						130 bps						Variable
Warehouse facility due October 6, 2023			800,000						—						172,092						102,114						130 bps						Variable
Fannie Mae repurchase agreement, open maturity			—						400,000						—						—						115 bps						Variable
Total			$	1,550,000					$	800,000					$	427,701					$	137,406

(1)The warehouse line established a $125.0 million sublimit line of credit to fund potential principal and interest servicing advances on the Company’s Fannie Mae portfolio during the forbearance period related to the CARES Act. Advances will have an interest rate of 1-month SOFR plus 180 bps. There were no outstanding draws under this sublimit as of March 31, 2023 and December 31, 2022.

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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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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