The aggregate value of commercial real estate loans priced by DebtX to collateralize mortgage-backed securities increased to 76.7% as of Jan. 29, 2010, up from 75.9% as of Dec. 31, 2009. Loan values are down from 81.3% compared to January 2009. "Loan prices rose in January due primarily to the downward shift of the treasury yield curve and a modest tightening of whole loan spreads," said DebtX chief executive Kingsley Greenland. "These improvements in the capital markets were partially offset by weak commercial real estate fundamentals." Boston-based DebtX priced 59,759 commercial real estate loans with an aggregate principal balance of $700.2 billion during January.
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