XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.21.1

Warehouse Receivables & Warehouse Lines of Credit (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Warehouse Receivables And Warehouse Lines Of Credit [Abstract] |
Schedule of Warehouse Receivables | A rollforward of our warehouse receivables is as follows (dollars in thousands):
Beginning balance at December 31, 2020 | $ | 1,411,170 |
Origination of mortgage loans | 3,909,261 |
Gains (premiums on loan sales) | 25,696 |
Proceeds from sale of mortgage loans: |
Sale of mortgage loans | (4,617,989) |
Cash collections of premiums on loan sales | (25,696) |
Proceeds from sale of mortgage loans | (4,643,685) |
Net decrease in mortgage servicing rights included in warehouse receivables | (16,125) |
Ending balance at March 31, 2021 | $ | 686,317 |
Summary of Warehouse Lines of Credit in Place | The following table is a summary of our warehouse lines of credit in place as of March 31, 2021 and December 31, 2020 (dollars in thousands):
|  |  |  |  |  | March 31, 2021 |  | December 31, 2020
Lender |  | Current Maturity |  | Pricing |  | Maximum Facility Size |  | Carrying Value |  | Maximum Facility Size |  | Carrying Value
JP Morgan Chase Bank, N.A. (JP Morgan) (1) |  | 10/18/2021 |  | daily floating rate LIBOR plus 1.60% |  | $ | 985,000 |  |  | $ | 370,054 |  |  | $ | 1,585,000 |  |  | $ | 561,726 |
JP Morgan |  | 10/18/2021 |  | daily floating rate LIBOR plus 2.75% |  | 15,000 |  |  | 899 |  |  | 15,000 |  |  | — |
Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (5) |  | Cancelable anytime |  | daily one-month LIBOR plus 1.45%, with a LIBOR floor of 0.25% |  | 650,000 |  |  | 85,530 |  |  | 450,000 |  |  | 132,692 |
TD Bank, N.A. (TD Bank) (2) |  | 6/30/2021 |  | daily floating rate LIBOR plus 1.15% |  | 800,000 |  |  | 94,164 |  |  | 800,000 |  |  | 401,849 |
Bank of America, N.A. (BofA) (3) |  | 5/26/2021 |  | — |  | 350,000 |  |  | 89,949 |  |  | 350,000 |  |  | 175,862 |
MUFG Union Bank, N.A. (Union Bank) (4) |  | 6/28/2021 |  | daily floating rate LIBOR plus 1.50% with a LIBOR floor of 0.25% |  | 200,000 |  |  | 34,877 |  |  | 300,000 |  |  | 111,835 |
|  |  |  |  |  | $ | 3,000,000 |  |  | $ | 675,473 |  |  | $ | 3,500,000 |  |  | $ | 1,383,964 |
_______________________________ (1)Effective October 19, 2020, this facility was amended and the maximum facility size was temporarily increased to $1,585.0 million, and reverted back to $985.0 million on January 18, 2021. (2)Effective July 1, 2020, this facility was amended and provides for a maximum aggregate principal amount of $400.0 million, in addition to an uncommitted $400.0 million temporary line of credit. As of March 31, 2021, the uncommitted $400.0 million temporary line of credit was not utilized. (3)The total commitment amount of $350.0 million includes a separate sublimit borrowing in the amount of $100.0 million, which can be utilized for specific purposes as defined within the agreement. As of March 31, 2021, the sublimit borrowing has not been utilized. (4)On June 28, 2019, we added a new warehouse facility for $200.0 million that contains an accordion feature which allowed for temporary increases not to exceed an additional $150.0 million. If utilized, the additional borrowings must be in predefined multiples and are not to occur more than 3 times within 12 consecutive months. Effective August 4, 2020, this facility was amended and decreased the accordion feature from $150.0 million to $100.0 million, with no changes to the predefined borrowing multiples. On September 22, 2020, the temporary increase of $100.0 million was utilized and expired on January 20, 2021. (5)Effective January 15, 2021, the maximum facility was temporarily increased to $650.0 million.

X
- Definition Schedule of warehouse receivables rollforward. + References No definition available. + Details
Name: | cbre_ScheduleOfWarehouseReceivablesRollforwardTableTableTextBlock
Namespace Prefix: | cbre_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Warehouse receivables and warehouse lines of credit. + References No definition available. + Details
Name: | cbre_WarehouseReceivablesAndWarehouseLinesOfCreditAbstract
Namespace Prefix: | cbre_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=120391452&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=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration