• Fifth Third closed purchase of Mechanics Bank’s Fannie Mae Delegated Underwriting and Servicing (DUS) business, adding an established multifamily lending team.
• Deal includes a servicing portfolio with $1.8 billion in unpaid principal balance.
• Transaction makes Fifth Third one of 24 lenders authorized by Fannie Mae to originate, underwrite, close, and service multifamily loans under DUS.
• Expansion strengthens Fifth Third’s multifamily lending platform, a key segment within its commercial real estate portfolio.

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. Fifth Third Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 20260507725218) on May 07, 2026, and is solely responsible for the information contained therein.