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Warehouse Facilities Collateralized by U.S. Government Sponsored Enterprises (Tables) | 3 Months Ended
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Mar. 31, 2024
Broker-Dealer [Abstract] |
Schedule of Company Lines Available and Borrowings Outstanding | Newmark had the following lines available and borrowings outstanding (in thousands except the stated spread to one-month SOFR):
| Committed Lines |  | Uncommitted Lines |  | Balance at March 31, 2024 |  | Balance at December 31, 2023 |  | Stated Spread to One-Month SOFR |  | Rate Type
Warehouse facility due June 12, 2024 (1)(2) | $ | 450,000 |  |  | $ | — |  |  | $ | 15,733 |  |  | $ | — |  |  | 130 bps |  | Variable
Warehouse facility due June 12, 2024 (1)(2) | — |  |  | 300,000 |  |  | — |  |  | — |  |  | 130 bps |  | Variable
Warehouse facility due September 25, 2024 | 250,000 |  |  | — |  |  | 150,809 |  |  | 94,873 |  |  | 130 bps |  | Variable
Warehouse facility due September 25, 2024 | — |  |  | 150,000 |  |  | — |  |  | — |  |  | 130 bps |  | Variable
Warehouse facility due October 5, 2024 | 800,000 |  |  | — |  |  | 326,886 |  |  | 403,758 |  |  | 130 bps |  | Variable
Warehouse facility due October 5, 2024 | — |  |  | 600,000 |  |  | — |  |  | — |  |  | 130 bps |  | Variable
Fannie Mae repurchase agreement, open maturity | — |  |  | 400,000 |  |  | — |  |  | — |  |  | 115 bps |  | Variable
Total | $ | 1,500,000 |  |  | $ | 1,450,000 |  |  | $ | 493,428 |  |  | $ | 498,631 |  |  |  |  |
(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 one-month SOFR plus 180 bps. There were no outstanding draws under this sublimit as of March 31, 2024 and December 31, 2023. (2)On May 7, 2024, the warehouse line was renewed, extending the maturity date to May 6, 2025 and removing the $125.0 million sublimit line of credit.

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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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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