Mechanics Bancorp Sells Fannie Mae DUS Business to Fifth Third

Mechanics Bancorp. Class A +1.43%
FEDERAL NATIONAL MORTGAGE ASSOC -2.61%

Mechanics Bancorp. Class A

MCHB

14.93

+1.43%

FEDERAL NATIONAL MORTGAGE ASSOC

FNMA

6.89

-2.61%

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.
This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.