Better Home & Finance Holding Company Appoints Hugh Frater, Former Fannie Mae CEO and BlackRock Founding Partner, to Board of Directors

March 25, 2026 - 23:39

NEW YORK, March 25, 2026--Better Home & Finance Holding Company, the AI-powered homeownership platform, has announced a significant addition to its leadership. Hugh Frater, a distinguished figure in finance and housing, has been appointed to its Board of Directors.

The appointment, effective March 23, 2026, brings a veteran leader with a unique blend of expertise to guide Better's strategic direction. Frater's extensive career includes serving as a founding partner and former managing director of global investment giant BlackRock, where he helped build its foundational investment management business. He also brings critical housing market insight from his tenure as the former Chief Executive Officer of Fannie Mae.

Company officials highlighted that Frater's decades of experience spanning capital markets, housing finance, and corporate governance will be invaluable. His deep understanding of the financial ecosystem and the complexities of the mortgage industry is expected to support Better's mission of streamlining and modernizing the homeownership journey through technology. This move signals the company's focus on strengthening its long-term strategy with seasoned leadership as it continues to develop its AI-driven platform for borrowers.