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Better Home & Finance Holding Company Appoints Hugh Frater, Former Fannie Mae CEO and BlackRock Founding Partner, to Board of Directors
Veteran investor and housing finance leader brings deep capital markets and mortgage experience t...
About this update from Betterlife Pharma Inc.
[{"type":"text","content":"Better Home & Finance Holding Company Appoints Hugh Frater, Former Fannie Mae CEO and BlackRock Founding Partner, to Board of Directors\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n Veteran investor and housing finance leader brings deep capital markets and mortgage experience to support Better’s next phase of AI-driven growth through Tinman® AI Platform\n \n\n\n\n\n Better Home & Finance Holding Company (NASDAQ: BETR) (“Better,” the “Company,” “we” or “our”), the leading AI-powered homeownership company, today announced that Hugh Frater, a founding partner and former managing director of BlackRock and former CEO of Fannie Mae, has been appointed to its Board of Directors, effective March 23, 2026. Frater brings decades of experience across capital markets, housing finance, and corporate leadership to help guide Better’s long-term strategy as it scales the Tinman AI Platform.\n \n\n “Hugh has helped shape the modern housing finance system from the ground up. He’s exactly the kind of leader you want in the room when you’re rebuilding housing finance,” said Vishal Garg, CEO and Founder of Better. “From helping build BlackRock as a founding partner to growing Berkadia into a leading agency lending an investment sales platform to leading Fannie Mae through one of the most complex periods in mortgage history, he brings a level of perspective that very few people have. As we use AI to make the mortgage experience, faster, easier, and cheaper for Americans through Better’s AI-native Tinman Platform, Hugh’s experience will be critical at the board level in guiding our long-term strategy.”\n \n\n Frater was a founding partner of BlackRock, where he helped build the global leader in fixed income and mortgage-backed securities into the world's largest asset management company. His early work played a key role in shaping the modern mortgage capital markets ecosystem, connecting institutional investors to US housing finance.\n \n\n He later served as Chief Executive Officer and Board Member at the Federal National Mortgage Association (Fannie Mae) from 2018 to 2022, where he guided the organization through one of the most volatile perio...