Fifth Third completes Fannie Mae DUS acquisition for multifamily lending
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Fifth Third Closes Fannie Mae DUS® Acquisition; Strengthens Multifamily Lending Capabilities
May 7, 2026 8:00 AM EDTBank is now one of 24 DUS® Lenders.
CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (NASDAQ: FITB) announced closing of a transaction to acquire Mechanics Banks Delegated Underwriting and Servicing (DUS®) business line, including an experienced lending team, and a $1.8 billion unpaid principal balance servicing portfolio.
Fifth Third joins a group of just 24 lenders nationwide authorized by Fannie Mae to originate, underwrite, close, and service multifamily loans. Fifth Third is currently the ninth-largest U.S. bank, with approximately $297 billion in assets. Multifamily housing is the largest component of its... More
