Just to pick out one point, they'll take a pari passu loan part that represents 30% of the total senior mortgage, which has, say, a 50% LTV - they'll use 15% (30%*50%) to represent the LTV for the pari passu loan in question! Needless to say, I think their information is worth somewhere close to $0 in value, similar to the loans they broker.
So, when I read articles like this, it's only fitting that the journalist has an equally grandiose understanding of what she is writing about - and it was not even corrected by DebtX.
Loans sold during January went for 76.7 percent of par, the company said. That's up from 75.9 percent of par for loans sold during December.
DebtX based its data on the pricing of almost 60,000 loans in January. Those loans had principle of a little more than $700 billion.
That number doesn't reflect loans "sold", it just reflects the value from their pricing model of the 60k or so loans in the CMBS universe that they model, poorly. There was not 60,000 loan transactions in January - really?
Principles are what you should add to your bag each day on your way into the office before printing this kind of dribble without even a basic understanding of what you're writing about, and principal is the number of dollars, other than interest, that the bond holder expects to get back at maturity. Remember, princiPAL is your friend.
Maybe I was too mean - we all make mistakes.