Freddie Mac

  www.freddiemac.com
  www.freddiemac.com

Freddie Mac Reviews

Updated December 9, 2014
Updated December 9, 2014
370 Reviews
3.2
370 Reviews
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Freddie Mac CEO Donald H. Layton
Donald H. Layton
102 Ratings

Review Highlights

Pros
  • Freddie continues to offer a favorable work/life balance environment (in 61 reviews)

  • Great benefits but work-life balance depends on the area you work in (in 31 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 23 reviews)

More Highlights

110 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    The work was often interesting and exciting, rarely boring, and the atmosphere was generally positive.

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

    I worked at Freddie Mac full-time (more than 10 years)

    Pros

    Employees were often long-serving, meaning there was a wealth of experience and corporate knowledge which was very helpful when dealing with new issues or problems. Despite the troubles the company faces in the wake of the recent economic and housing finance crisis, employees remained upbeat and worked hard to find solutions. Company policy was admirably flexible on matters such as alternative work arrangements (teleworking, etc,).

    Cons

    Promotion prospects were very limited, at least in my division. There was a lack of transparency concerning the departure of senior executives, which left people concerned about hidden problems affecting the company. The uncertainty as to the future of the company, following the 2008 conservatorship, was troubling to many employees because it put many people in doubt as to their career prospects.

  2.  

    freddie mac is a great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Freddie Mac

    Pros

    nice people, good benefits, good company culture

    Cons

    none at all. they're great

    Advice to ManagementAdvice

    they're great

  3.  

    Great Company

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Freddie Mac full-time (more than 10 years)

    Pros

    Great people to work with

    Cons

    Unknown company future due to political situation

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  5.  

    Great management over site and ability to cross train between departments

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

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

    Pros

    A ton of opportunity to get experience where you want. Flexible work days, lots or training resources.

    Cons

    Attitude that company will not be around long despite the import role it plays in the mortgage market across all spectrums.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Great Learning Environment!

    • 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 (more than an year)

    Pros

    Decent benefits, flexible work schedules and awesome tuition reimbursement for graduate school.

    Cons

    Poor public perception and Congress' indecisiveness on what happens to Fannie/Freddie, tends to demoralize some employees.

    Recommends
    Negative Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Excellent Company for Indians in America

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

    I have been working at Freddie Mac full-time (more than an year)

    Pros

    Excellent company to sponsor H1B in America. Seems like everyone else in IT is from India. Excellent opportunity. Tuition reimbursement, Free Gym, Covered Parking. Business area support us. They even have a course to help with your english.

    Cons

    Not much pay. Little challenge. Have to sit in a conference room.

    Advice to ManagementAdvice

    Invest in your workers who support you.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Wrong leaders under the CIO

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

    I worked at Freddie Mac full-time (more than 8 years)

    Pros

    Great place to work for. Lot of innovation work that can be done within Freddie Mac. Some Directors and staff below director level are smart and educated to understand the business and knows how to execute it in a cost effective manner.

    Cons

    Smart people cannot talk to leadership team who doesn't have much IT background. CIO's friends are not smart and he still keeps his network of people and keep promoting or saving them instead of letting them go.

    Advice to ManagementAdvice

    1. Hire the right leaders for the right job. Don't push VP from one department to other when they don't have any experience in that field nor they will learn it. You cannot be a eye doctor one day and become a heart surgeon the next day.
    2. Don't hire friends at the leadership level for VP and Director jobs Bring the right skills if you want to innovate.
    3. Don't spend tax payers money on IT trainings after hiring stupid leaders.
    4. Smart people will always know how to get out of Freddie and venture new things. Management should learn how to retain smart people with right skills if company has to change.
    5. CEO should see why big dollars are spend on consulting firms like EY and KPMG. It shows that most IT leaders don't have a clue on the work they do other than few technical vocabularies.

    Recommends
    Negative Outlook
    Approves of CEO
  9.  

    Exceptional

    • 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 (more than 10 years)

    Pros

    The people are great, caring, committed, intelligent, and dedicated to the company and to its' success.

    Cons

    Culture is changing...too many executive management changes. Six different CEOs in the past 8 years, all with different objectives and direction for the company.

    Advice to ManagementAdvice

    Take care of the people that have taken care of and have helped to build the company. Show more respect and consideration for your employees, others will see this and it will have a wide-spread positive effect.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Not bad company to work for, environment can be challenging, but there are enough challenges for smart people.

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

    I have been working at Freddie Mac full-time (more than 10 years)

    Pros

    The company is relatively stable, it has a good mission, there are smart people if you are lucky enough to work with them, large scale operations, decent benefits.

    Cons

    The future of the company is uncertain, senior management keeps changing and hence the direction keeps changing, however the current management is pretty good.

    Advice to ManagementAdvice

    Create opportunities even in the midst of cost cutting.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Good work life balance, culture, and upward mobility

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Production Associate in Los Angeles, CA
    Former Employee - Production Associate in Los Angeles, CA

    I worked at Freddie Mac full-time (more than an year)

    Pros

    Good workplace culture, support system, potential for promotions and recognition.

    Cons

    Compensation is below market due to conservatorship. High turnover rate

    Recommends
    Neutral Outlook
    Approves of CEO

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