The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize commercial mortgage-backed securities (CMBS) increased to 76.6 percent as of May 28, 2010 from 76.4 percent as of April 30, 2010. Loan values were 77.6 percent as of May 29, 2009. “U.S. CMBS collateral prices increased again in May,” said DebtX Chief Executive Officer Kingsley Greenland. “A flattening Treasury yield curve due to a flight to U.S. government securities more than offset a deterioration of commercial real estate fundamentals and a widening of credit spreads.”
In May, DebtX priced 58,901 CRE loans with a $691 billion aggregate principal balance. These loans, which collateralize 630 U.S. CMBS trusts, each received a DXMark, a price based on loan sales executed at DebtX.
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