Industry Briefs Jan.12, 2022: nCino Completes Acquisition of SimpleNexus

nCino Inc., Wilmington, N.C., completed its acquisition of SimpleNexus, a cloud-based, mobile-first homeownership software company, for total consideration of 12.76 million shares of nCino common stock plus cash consideration of $270 million, on a cash-free, debt-free basis and excluding transaction expenses.

CMBS Delinquency, Special Servicing Rates Dip in December

Fitch Ratings, New York, said the commercial mortgage-backed securities delinquency rate dipped nine basis points in December to 2.67 percent, driven by robust new issuance, continued loan resolutions and fewer new delinquencies.

Hotel Profits, Recovery Forecast Improve

U.S. hotel profitability increased in October, and the sector’s recovery trajectory forecast has improved, STR and Fitch Ratings reported.

Fitch: Mortgage Insurers See Consistent Losses, Market Stability in 2022

Fitch Ratings, Chicago, said the operating environment for U.S. mortgage insurers is expected to remain steady in 2022, as economic indicators have generally improved since the low point of the pandemic, with lower than expected losses from the pandemic fallout and continued home price appreciation supportive of credit fundamentals of the rated peer group of private MIs.

Fitch: REITs Can Withstand Short-Term Inflation Pressures

Fitch Ratings, New York, said it sees limited risks to real estate investment trust credit fundamentals from a transitory inflation-rate increase, but noted prolonged elevated inflation could pressure REITs.

CMBS Delinquency Rate Tumbles

Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate declined sharply again in October.