Mechanics Bancorp Sells Fannie Mae DUS Business to Fifth Third

Reuters12-10

<a href="https://laohu8.com/S/MCHB">Mechanics Bancorp</a> Sells <a href="https://laohu8.com/S/FNMAG">Fannie Mae</a> DUS Business to Fifth Third

Mechanics Bank has reached a definitive agreement to sell its Fannie Mae Delegated Underwriting and Servicing (DUS) business line to Fifth Third Bancorp in an all-cash transaction. The DUS business, which specializes in multifamily lending and servicing under the Fannie Mae DUS program, includes a servicing portfolio of approximately $1.8 billion and associated escrow amounts. As part of the agreement, Fifth Third will also hire the Mechanics Bank employees who operate the DUS business. The completion of the transaction is contingent upon Fannie Mae's approval of Fifth Third as an authorized DUS lender and is expected to close in the first quarter of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mechanics Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 20251205485645) on December 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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