Fannie Mae
3.0 of 5 379 reviews
www.fanniemae.com Washington, DC 5000+ Employees

Fannie Mae Reviews

Updated Apr 15, 2014
All Employees Current Employees Only

3.0 379 reviews

                             

74% Approve of the CEO

Fannie Mae CEO Tim Mayopoulos

Tim Mayopoulos

(77 ratings)

46% of employees recommend this company to a friend
132 Employee Reviews Back to all reviews
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Uncertain future

Senior Manager (Current Employee)
Washington, DC

I have been working at Fannie Mae full-time for more than 10 years

ProsCompetitive compensation in the DC Metro area

ConsWall Street management culture misfit, uncertain future, outsourcing en masse. Current mission statement resembles a suicide note.

Advice to Senior ManagementFocus on team building, people and a worthwhile sincere mission statement that builds on creation versus dismantling

Yes, I would recommend this company to a friend

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  • Disapproves of CEO

 

Changing company

Non-technical Project Manager III (Current Employee)
Dallas, TX

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

ProsGood established company with good benefit structure

ConsThey are going through a complete change.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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It is fine organization

Anonymous Employee (Current Employee)

I have been working at Fannie Mae

ProsNot very challenging work place, easy going job

ConsCan be boring sometimes, if you like new stuff all the time

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2 people found this helpful  

interesting place to work

Manager (Former Employee)
Washington, DC

I worked at Fannie Mae full-time for more than 10 years

ProsFannie Mae has very good work-life balance atmosphere. work is interesting and challenging. Mission of the company is great.

ConsNot clear what the future of the company will be

No, I would not recommend this company to a friend

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Fannie Mae - Good place to work

Senior QA Analyst (Former Employee)
Herndon, VA

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

ProsGood place to work with good benefits

ConsLot of extra hours to invest per week at times which continues to become a routine

Advice to Senior ManagementNothing in specific

Yes, I would recommend this company to a friend

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Good pay but advancement excruciatingly difficult

Anonymous Employee (Current Employee)
Washington, DC

I have been working at Fannie Mae full-time for more than 8 years

ProsExcellent pay, especially so for people managers, directors and above. Good place for people with secondary mortgage market experience.

ConsCompany is in conservatorship and can't make a move without approval from FHFA. Industry is difficult to understand for newbies to the secondary mortgage market. People constantly use acronyms and it takes around 6 months to a year to understand the code. Management is cliquish and extremely difficult, if not impossible, to break into unless you are part of the in crowd.

Advice to Senior ManagementRecognize performance rather being superficial.
Senior management could use some training on how to understand and work with associates.

Remember that rank and file staff doesn't make six figures, so don't nickel and dime them with endless fundraisers to help the homeless. Instead, why don't you fork over a hefty check.

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1 person found this helpful  

Work at Fannie

Anonymous Employee (Current Employee)

I have been working at Fannie Mae

ProsOne of the best companies I have ever worked so far. Balanced work and life

ConsNot very active and pay is just so-so

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1 person found this helpful  

No security. Watch out for those layoffs

Analyst (Former Employee)
Washington, DC

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

ProsGreat Benefits
Above average pay
Good opportunities for training
Great diverse environment
Co-workers tend to be very smart/intelligent

Cons3 months into starting, there was a massive layoff that affected some people on my team. For anyone starting with a new company, this is a huge red flag. 6 months later, a new round of layoffs, a year later another. Seriously? Even after being profitable?

Office politics. Those dumb calibrations.

For anyone that works at the main office, the refrigerators are like 100 years old and feel unsanitary.

Advice to Senior ManagementStop hiring if you are also constantly making multiple layoffs.

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

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I love my job, my manager I can do without.

Project Analyst (Current Employee)
Washington, DC

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

Proscompensation & benefits. work from home flexibilities.

Conswork/life balance varies from dept to dept, manager to manager. report up structure not about what make sense but what makes cents. public & congressional ignorance on who we are & what we do goes unchallenged.

Advice to Senior ManagementDo a better job at explaining to the general public who we really are and what we really do. Do a better job at making sure all employees love their experience, not just those in a few coveted positions or divisions.

Yes, I would recommend this company to a friend

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Fannie Mae Representative responded to this review

Mar 20, 2014

Thank you for your feedback, we appreciate you taking the time to review the company. We will pass this along to Senior Management.

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

A company not clear on it's vision or future at this time

Systems Engineer (Former Employee)
Herndon, VA

I worked at Fannie Mae full-time for more than 8 years

Prospay and benefits are above average

Conscliquish weak management (mis)guided by the government

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

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