Freddie Mac Reviews

Updated August 24, 2014
Updated August 24, 2014
349 Reviews

3.3
349 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Freddie Mac CEO Donald H. Layton
Donald H. Layton
91 Ratings

Review Highlights

Pros
  • Freddie continues to offer a favorable work/life balance environment (in 55 reviews)

  • Great benefits but work-life balance depends on the area you work in (in 30 reviews)


Cons
  • Company is currently under conservatorship and company future is uncertain (in 12 reviews)

  • Senior management is always changing and the room for growth seems to be diminishing (in 22 reviews)

More Highlights

67 Employee Reviews Back to all reviews

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  1. 3 people found this helpful  

    All about saving money to overpay fatcat executives

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst Professional  in  McLean, VA
    Current Employee - Business Analyst Professional in McLean, VA

    I have been working at Freddie Mac full-time for more than a year

    Pros

    The employees up to middle management are wonderful. Lots of knowledge and opportunity to work with decent, hardworking employees. There are very nice cafeterias and workout rooms. Good training opportunities as well.

    Cons

    The company seems focused on pinching pennies at the expense of morale, corporate character and perception of equal treatment. The retirement benefit is gone. Freddie Mac doesn't contribute or allow employees to contribute to a savings plan. The fact that our employer no longer wants to invest in our future is depressing. The fact that we cannot even maintain a plan on our own is discouraging. Freddie has more than repaid the government bailout. We are now pumping money in to the government, doing very well and the company no longer cares about the financial futures of their employees. In addition to not offering a savings plan, Freddie has removed the Soda dispensers from all employee break areas. Freddie offered free fountain sodas to their employees. For soda-drinkers, this was a big deal. Saved a lot of money and helped to make your day a little brighter. After 20 years, Freddie pulled the Soda dispensers for "health reasons". Now we have to get water from the tap. And sodas now cost almost $2 in the cafeteria. So it wasn't enough to stop contributing to our retirement, they also want us to spend more money at their store! Oh and the constant layoffs are also hard on the troops.

    Advice to ManagementAdvice

    Remember to look down and try to relate to everyone in your department.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2.  

    Management brings its helicopter parent pathology to the workplace. Expect micromanagement and little authority.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  McLean, VA
    Current Employee - Director in McLean, VA

    I have been working at Freddie Mac full-time for more than a year

    Pros

    Employees are smart, nice and now the mortgage market and industry. The company provides a good work/life balance and allows remote working. Take advantage of the numerous training opportunities - it's a great company to learn your skills before going in the private sector.

    Cons

    Consensus driven decision making and bureaucracy make for a frustrating work environment. Uncertainty regarding the companies future, numerous reorganizations and strategy shifts results in poor employee morale. Prepare to be micromanaged by frustrated empty nested parents.

    Advice to ManagementAdvice

    Stop the endless meetings. Stop talking and empower the employees to act. Work to transform the passive aggressive culture to more open and positive work environment.

    Doesn't Recommend
    Negative Outlook
  3.  

    Work Life Balance and nothing more.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Auditor  in  McLean, VA
    Current Employee - Senior Auditor in McLean, VA

    I have been working at Freddie Mac full-time for more than 3 years

    Pros

    Excellent Work Life Balance
    Good facilities (excellent cafeteria, gym, etc.)

    Cons

    Limited upward mobility (tenured managers/directors)
    Competitive pay by industry standard but little to no raise once hired
    Long term uncertainty
    Highly political environment (depends on your division, but seems unusually common compared to other places..)

    Recommends
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Freddie Mac Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  McLean, VA
    Former Employee - Anonymous Employee in McLean, VA

    I worked at Freddie Mac full-time for more than 3 years

    Pros

    Freddie Mac Pays fairly well.

    Cons

    Decisions are made by consensus, which could be utterly political and may not be the right thing nor the technically sound.

    Advice to ManagementAdvice

    Integrity is needed at all levels. We encourage the behaviors we reward. Technical decisions can not made by consensus, solutions should be tailored to Freddie Mac not industry best products; the best or most expensive clothing may not be suitable for the moon nor even the desert.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Frequent change

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Freddie Mac

    Pros

    People are great to work with. Good location. If you are a self starter, proactive and a hard worker you will learn alot & will have alot of career options.

    Cons

    At this point in time, there is very little 'work life balance'. If that's what you are looking for right now, this is not the place for you....high stress.

    Advice to ManagementAdvice

    Senior management is viewed as 'uncaring' and is not engaged or aware of worloads. The expectation is staff will do what it takes to get the job done, regardless of how 'burned out' the employee or team is.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Good place to work ....Not a great to grow and learn.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Freddie Mac full-time for more than 8 years

    Pros

    Work Life Balance
    Stability
    Training Opportunities
    Efforts of executive management towards establishing winning culture

    Cons

    Compensation
    Red Tape
    Directors are biggest bottlenecks and are lot of the new ones are hired based on their past titles rather than the skill required for the job

    Advice to ManagementAdvice

    Cannot make culture change when there senior management (directors and officers) are not ready to adapt to it and they are the ones who like spoon-feeding, preferential treatment etc

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Overloaded

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director  in  McLean, VA
    Former Employee - Director in McLean, VA

    I worked at Freddie Mac full-time for less than a year

    Pros

    Great training opportunities
    Great community support
    Nice employees
    Smart employees
    Good career opportunities

    Cons

    Middle management is completely overloaded
    Culture in transition from what it was in its hay day to a mad dash for results with minimal planning.
    Leadership views employees as incompetent because they can't meet the unrealistic expectations.
    4 reorganizations in the 6 months I worked there. 3 more in the 5 months since I left.
    Lots of layoffs occurring which creates unstable employment environment.

    Advice to ManagementAdvice

    Push hard for results ... it is required; however, establish realistic expectations. Check in on your middle management to see how they are. Care about them and help them manage their stress. You need them to be engaged.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Interesting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Team Lead  in  McLean, VA
    Former Employee - Team Lead in McLean, VA

    I worked at Freddie Mac full-time for more than 5 years

    Pros

    Good amount of vacation weeks available.

    Cons

    Management who are poor with managing people and in management positions despite not having knowledge or understanding of the job of their staff.

    Doesn't Recommend
  10.  

    FP&A

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  McLean, VA
    Current Employee - Director in McLean, VA

    I have been working at Freddie Mac full-time for more than 3 years

    Pros

    Light Workload with opportunity to learn other skills.

    Cons

    No advancement opportunities and low morale. Congress wants to wind down the firm so future does not look good.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Systems Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Systems Analyst  in  McLean, VA
    Former Employee - Systems Analyst in McLean, VA

    I worked at Freddie Mac full-time for more than 5 years

    Pros

    Work from home policy is a plus, easy to change positions and get new experience.

    Cons

    Horrible pay, most projects wasted a lot of money due to red tape and poor planning.

    Advice to ManagementAdvice

    Focus on streamline processes instead of putting necessary processes in place that cost too much money and waste time. .

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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