Will First Republic Have a CRE Successor?

All other things being equal, the disappearance of a well-known bank from the local real estate lending market would send other banks rushing in to scoop up borrowers looking for new partners. But First Republic’s collapse two weeks ago is likely to leave a longer-term void in Greater Boston.

Most Lenders Have Tightened Mortgage Rules

Just as quickly as the COVID-19 pandemic bolted across the country, that’s how fast the financing situation has changed for homebuyers. And whether the mortgage market will return to “normal” once the scourge subsides is anybody’s guess.