Hugh Frater Named Fannie Mae CEO

 

Pending FHFA approval, Hugh Frater will be named the next CEO of Fannie Mae, according to the Wall Street Journal. A Fannie Mae board member, former Managing Director at BlackRock, and CEO of Berkadia, Berkshire Hathaway’s real estate subsidiary, Mr. Frater is slated to start as CEO on Tuesday, October 16.

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