Skip to main content

Hugh R. Frater Named Fannie Mae CEO

Phil Hall
Mar 27, 2019
Fannie Mae closed the third quarter of this year with $4 billion in both net income and comprehensive income

Fannie Mae has named Interim CEO Hugh R. Frater as its new CEO, effective today.
Fannie Mae has named Interim CEO Hugh R. Frater as its new CEO, effective today
Frater served as Fannie Mae’s Interim CEO since Oct. 16, after Timothy J. Mayopoulos resigned from the chief executive position. Frater, who has served on Fannie Mae’s Board of Directors since 2016, was previously CEO of Berkadia Commercial Mortgage LLC from 2010 to 2014 and chairman of Berkadia from April 2014 to December 2016. He also currently serves as Non-Executive Chairman of the Board of VEREIT Inc.
 
“Hugh’s contributions as Interim CEO over the last several months demonstrate his commitment to strengthening the company and delivering value to our customers and partners,” said Jonathan Plutzik, Chairman of Fannie Mae’s Board of Directors. “This appointment also provides continuity in Fannie Mae’s leadership team as we fulfill our mission to provide liquidity and support to the mortgage market.”

 
Published
Mar 27, 2019
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021