Fannie Mae
3.0 of 5 416 reviews
www.fanniemae.com Washington, DC 5000+ Employees

Fannie Mae Reviews

Updated Jul 8, 2014
All Employees Current Employees Only

3.0 416 reviews

                             

74% Approve of the CEO

Fannie Mae CEO Tim Mayopoulos

Tim Mayopoulos

(95 ratings)

46% of employees recommend this company to a friend
90 Employee Reviews Back to all reviews
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    it is rough

    Manager (Former Employee)
    Reston, VA

    ProsThe employees are great, they are friendly and willing to help accomplish the goals.

    ConsSr management is really messed up. They no longer value employees, VPs and above are just about their bonuses. They have trashed the company and constantly are working on ways to strip the company of any value. Most of the company has turned over in the last 5-8 years. Sr Executives have come from NY where it is a cut throat culture, and in turn brought that to Washington DC. Of course, they cut and run as soon as they find another post back in NY. Most positions are hired through the hiring managers buddy network, with little concern of talents.

    Advice to Senior ManagementWhile you say you are doing right for the company reality is you are destroying the company. The values and atmosphere from years past, have been destroyed by a bunch of Executives, that are motivated by dollars and controlling a multi trillion dollar enterprise.

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

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    Welcome to Little India

    Project Manager II (Former Employee)

    ProsNice people to work with.
    Good work life balance. It's a 9-5 shop

    ConsIt's a big bank. Sometime they thing they are an IT company.
    Only good if your an employee and not a contractor
    To get anything done you have to go through several layers of approval.
    Not a place to be if your looking for a challenging fast pace environment.
    Most of the PM's are just paper pushers and collecting documentation. Real work is managed by Dev Manager

    Advice to Senior ManagementCut the layers out. Way too many managers.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    Success is dependent on favoritism and connections, not skills and capabilities

    Project Manager (Current Employee)
    Washington, DC

    ProsGood work/life balance and salary. Not required to work every weekend.

    ConsLong-term prospects of firm are uncertain with all the potential regulatory changes to dissolve it.
    Company values are in the toilet as HR and Legal turn a blind eye to unethical practices in hiring, firing, promotions and demotions. The firm is not held to corporate nor government personnel standards.

    Advice to Senior ManagementClean up the 'old boys network' corporate culture and ensure that people are placed in jobs in which they have actual job qualifications and experience. Stop the kickbacks to senior executives for hiring contractors.

    No, I would not recommend this company to a friend

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    management is does not care about employees only numbers and not making them look bad

    Credit Risk Analyst II (Former Employee)
    Dallas, TX

    Prosgreat benefits and flex hours; great for learning all aspects of housing market

    Consrevolving door for employees; sweat shop and corporate bullies. Will not promote qualified employees only friends. Low moral

    Advice to Senior Managementmanagement makes unrealistic demands on employees; management needs to be educated in time management. They do not know how long it takes to complete a task therefore, make unreasonable quotas.

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

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    Project Analyst

    Senior Business Analyst (Former Employee)

    ProsProcess improvement with process flows, process analysis, process detail documentation and training of new processes.

    ConsCorporate politics and management intimidation.

    Advice to Senior ManagementLook at accomplishments and efforts of individual employees.

    No, I would not recommend this company to a friend

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    Aside from going completely bankrupt, nothing could make me work here again.

    N/A (Former Employee)
    Washington, DC

    ProsThere's parking and good lunch spots nearby.
    The pay is pretty good.

    ConsIt's ALL politics.My manager was downright cruel, and when I asked her why, she said simply, "$h*t rolls downhill." That's what you're signing on for. I was harassed for pumping, and told that I couldn't have as much time as other staff, because they were FTE, and I was a contractor. So, bonus points for supporting working mothers.

    Advice to Senior ManagementNone. Your ship is sinking, and you've only yourselves to blame.

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

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    Good pay, terrible management, and poor treatment of contractors.

    Senior Consultant (Current Employee)
    Washington, DC

    ProsGood rates, somewhat interesting work.

    ConsContractors are treated as second class citizens. DC office is old with very limited workspace and no parking for contractors.

    Advice to Senior ManagementTreat contractors better and you will get better results.

    No, I would not recommend this company to a friend

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    Fannie Mae Representative responded to this review Mar 20, 2014 EditDelete
    We are sorry that your experience at Fannie Mae did not meet your expectations. We take these reviews seriously and into consideration. We will pass along your review to Senior Management. Thank you
    • Culture & Values
           
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    Decent government job, good for those who seek work-life balance

    Internal Audit (Former Employee)
    Washington, DC

    ProsThe company offers great flexibility and benefits. One can work from home as long as s/he has a valid reason. Benefits include 401k, health/dental, etc.

    ConsToo much politics and hierarchy, not many learning opportunities

    Advice to Senior ManagementListen to your employees, take actions to accommodate their needs, be open-minded about changes

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

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    Fannie Mae is important to the secondary mortgage market and affordable housing, but also a soul-crushing place to work.

    Compliance & Ethics IV (Current Employee)
    Washington, DC

    ProsGreat compensation and benefits, interesting work.

    ConsPetty management, lots of rot in middle management, corporate culture still very old-school.

    Advice to Senior ManagementRemove the bureaucratic layers of management to make way for more staff and lower level managers; get rid of poor performers and bad people managers.

    No, I would not recommend this company to a friend

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    Excellent benefits. Bad management.

    Anonymous Employee (Current Employee)
    Addison, TX

    Pros-Excellent benefits. Truly outstanding.
    -Decent pay.
    -Opportunity to set own work hrs.
    -Not typically micro-managed.
    -Occasional opportunties to work overtime, and earn some extra pay.
    -Monthy appt set in stone with manager to discuss any concerns, etc. (though concerns are noted, unfortunately, they are rarely acted upon).
    -Can wear jeans all through the summer months, and business casual at other times.

    Cons-Extremely poor, inconsistent, ineffectual managers who burden some of their long term, hard working employees with the work other, less focused individuals (many, but NOT all, are contractors) can't be bothered to complete. Management finds it easier to overburden their established hard workers, than to actually be the bad guy and hold the slackers accountable.

    -Team lead positions, which pay a premium, are something of a joke. All employees, with exception of leads, had to do an accounting of how, literally, every minute of their typical work day is spent. Why? Is this because majority of the team leads day is spent wandering around laughing with the people they 'lead', in between hanging out in bosses office talking smack about these very same people? I wouldn't want to account for that either.

    -Raises not being provided every year, and when they are, they are an extremely small percentage.

    -No morale building activities which are so desperately needed these days. When I first started working for Fannie Mae, we were shown often how much we were appreciated. They would buy us lunch/ice cream, have small parties when goals were met, monthly birthday parties. Now we are rewarded by being allowed to wear jeans here and there, something which costs the company absolutely nothing. That's it. Big fun.

    -Upper management that is never seen or heard from, though located just a floor above. Upper mgmt was in our department recently for the first time in over a year and a half; I was flabbergasted to see them. How can they effectively lead employees they don't even know?

    -It is not an environment for professionals. I am surrounded all day by fellow employees who think nothing of making upwards of ten personal calls a day I am forced to listen to, etc, etc etc. In my previous long term position with another company, this would NOT have been tolerated and resulted in dismissal, yet it runs rampant here...completely unchecked.

    -Does not provide adequate resources in which to do my job. I had a piece of equipment stop working that was vital to using my computer, and the IT guy said that Fannie Mae doesn't replace those. What?!! I am now supposed to buy my own computer equipment?! The computers are forever having issues, because they are in constant use and years and years old. It is hard to effectively do your job, when you can't rely on your equipment.

    Advice to Senior ManagementMy advice would be to pay close attention to what I have relayed in the 'con' section and take action. I am a full time employee of many years, one of your hardest workers, and I will be leaving the company in the next few months. I'm heading to a new state and hopefully a position with a company where I am respected and valued.

    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 Feb 4, 2014 EditDelete
    We are sorry that your experience at Fannie Mae did not meet your expectations. We take these reviews seriously and into consideration. We will pass along your review to Senior Management. Thank you.
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