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Mergers & AcquisitionsMedium•7 May 2026•

1 min read

Fifth Third Completes Acquisition of Fannie Mae DUS Business from Mechanics Bank

Key Facts

1Fifth Third Bancorp has completed the acquisition of the Delegated Underwriting and Servicing (DUS) business line from Mechanics Bank.

2The acquisition includes a $1.8 billion servicing portfolio and an experienced lending team.

Fifth Third Bancorp has officially finalized the acquisition of the Delegated Underwriting and Servicing (DUS) business line from Mechanics Bank, marking a significant expansion of its real estate financing capabilities. The transaction includes a substantial $1.8 billion servicing portfolio and the integration of a highly experienced specialized lending team. With this move, Fifth Third joins an elite group of only 24 lenders nationwide authorized by Fannie Mae to handle multifamily loans. The acquisition is strategically designed to strengthen the bank's position in multifamily housing finance and help address the ongoing housing shortage in the United States. This expansion underscores Fifth Third's commitment to diversifying its portfolio and capturing a larger share of the specialized mortgage market.