Fannie Mae
3.0 of 5 378 reviews
www.fanniemae.com Washington, DC 5000+ Employees

Fannie Mae Reviews

Updated Jan 1, 2014
All Employees Current Employees Only

3.0 378 reviews

                             

75% Approve of the CEO

Fannie Mae CEO Tim Mayopoulos

Tim Mayopoulos

(76 ratings)

46% of employees recommend this company to a friend
36 Employee Reviews Back to all reviews
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  • Disapproves of CEO

1 person found this helpful  

Working tirelessly at cross purposes

Project Manager (Former Employee)
Washington, DC

I worked at Fannie Mae full-time for less than a year

ProsGreat compensation package, a lot of talented and capable people

ConsPolitics, back-stabbing, poor communication, lack of consistent direction for the organization resulting in mass confusion

Advice to Senior ManagementSimplify reporting, reduce complexity, hire people internally to do the work rather than overpriced consultants so you can build organizational capacity

No, I would not recommend this company to a friend

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Fannie Mae Fraud Investigator III

Fraud Investigator III (Former Employee)
Dallas, TX

I worked at Fannie Mae full-time for less than a year

ProsExcellent experience-base as I was a previous (first) contractor in the fraud department for 3+ years as well.

ConsCurrent management has total lack of concern for associate's moral. Previous Manager and Director we an excellent team. Upper management made a huge mistake replacing this team with the current team.

Advice to Senior ManagementUpper management is fully aware of their associates dissatisfaction as it has been fully shown in each yearly decline.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Sinking ship

Anonymous Employee (Current Employee)

I have been working at Fannie Mae full-time

ProsThey are at the forefront of industry changes.

ConsThey are at the mercy of FHFA, their regulator. Low morale and pay, high turnover.

Advice to Senior ManagementStop wasting time with internal demands and allow more autonomy to employees. Stop acting as if there's a future or any certainty with the future. Receivership is imminent and help employees wind down gracefully.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Watch out for Fannie Mae

Anonymous Employee (Former Employee)

I worked at Fannie Mae

ProsPay and bonuses are great

ConsHorrible leadership at the top. Old boy's network.

Advice to Senior ManagementHire some diversity at the top of the company,

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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just OK but no Work Life Balance

Project Manager (Current Employee)
Washington, DC

I have been working at Fannie Mae full-time for more than a year

ProsGood pay, some great people on team and interesting projects, great benefits

ConsManagers will work 60-80 hour work weeks - no WL balance

Advice to Senior Managementmore WL balance for management

No, I would not recommend this company to a friend

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Great pay, bad management

Anonymous Employee (Current Employee)

I have been working at Fannie Mae full-time for more than 5 years

ProsGreat pay, great benefits, strong teams

ConsMore red tape than govt, continual cost cutting and layoffs, mgmt wastes money on unimportant work they think gives transparency but at the end of the day it does nothing but cause noise. Long hours, lots of yelling. Great place for bullies to get ahead.

Advice to Senior ManagementLet people do their jobs and get rid of 80% of the governance groups. Issues haven't gone down because you've added governance, they've gone down because we don't actually get anything done.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Fannie Mae Representative responded to this review

Aug 21, 2013

We are sorry that your experience at Fannie Mae did not meet your expectations. We take these reviews into consideration. We will pass along your review to upper management. Thank you.

  • Culture & Values
         
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1 person found this helpful  

Darkest time of my life

Anonymous Employee (Former Employee)
Washington, DC

I worked at Fannie Mae full-time for less than a year

ProsJapanese green tea in the break room (better than many Japanese restaurants)
Short hours
Benefits (8% 401k match, down payment assistance for buying a house etc.)

ConsI was in for a big surprise because I was assigned to do something very different from what was promised during job interview. Turned out it is a common practice - I met quite a few people who were in the same situation as me. Don't worry too much about what they tell you during interviews. Also, they really try hard to suppress your salary. I got a 50% salary raise moving to another company.

Advice to Senior ManagementNo. You don't care anyway,

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Managers are allowed to demean and ridicule personell

Anonymous Employee (Current Employee)

I have been working at Fannie Mae full-time

Prosbenefits, benefits, benefits, benefits, service opportunities

ConsManagers are allowed to demean, ridicule and scream at employees. This is common knowledge and widely accepted.

Advice to Senior ManagementThere is a culture of awful middle management. The behaviors are widely accepted. Please let it be known that people are a resource and deserve respect and there will be consequences for treating us worker bees poorly. Thank you.

No, I would not recommend this company to a friend

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Awful Experience

Analyst (Former Employee)
Washington, DC

I worked at Fannie Mae full-time for less than a year

ProsHigh-ish compensation, good location in DC, generally good benefits, 9-5 work culture (a pro for some people).

Cons9-5 work culture, not a lot of employee buy-in, layoffs killed morale, zero opportunity for advancement as a young employee, bad leadership, unresponsive HR.

Advice to Senior Managementsomehow make people care again, the morale is depressingly low

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Boring work, Bureaucracy

Senior Software Engineer (Current Employee)
Herndon, VA

I have been working at Fannie Mae full-time for more than 3 years

ProsWork from home opportunities.
Fair compensation and benefits as compared to most companies this size
Many really nice people work there.

ConsAs a software developer you have to deal with a lot of bureaucracy. Very boring work too. Disorganized projects ie several contractors working on a single project at different times results in poor documentation and many inconsistencies.

Advice to Senior ManagementGet some people with fresh ideas.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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