Hugh Frater, interim CEO of Fannie Mae.
Government-backed mortgage giant Fannie Mae tapped a veteran real estate investor and brokerage executive to lead the government-sponsored enterprise — at least for now.
Fannie said Hugh Frater, former CEO of Berkadia, is taking over this week as interim CEO of the largest provider of liquidity to the U.S. housing market. Current CEO Timothy Mayopoulos said in July he would be leaving by the end of the…