Freddie Mac Reviews

353 Reviews
3.3
353 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Freddie Mac CEO Donald H. Layton
Donald H. Layton
94 Ratings
  1.  

    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 for 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

Freddie Mac Interviews

Updated Sep 23, 2014
Updated Sep 23, 2014

Interview Experience

Interview Experience

62%
20%
17%

Getting an Interview

Getting an Interview

37%
36%
9%

Interview Difficulty

2.8
Average

Interview Difficulty

Hard

Average

Easy
  1.  

    Internal Audit Associate Interview

    Anonymous Employee  in  McLean, VA
    Anonymous Employee in McLean, VA
    Application Details

    I applied online. The process took 5 weeks - interviewed at Freddie Mac.

    Interview Details

    Applied online via Freddie Mac website. I got a reply from a recruiter 2 weeks later. She scheduled me for a phone interview - mostly behavioral questions. Invited to the headquarter, i had interviews with 3 groups within the team. Behavioral & fit questions as well. It's been a week, no reply yet. But based on past comments, that's likely a no.

    No Offer
    Average Interview

Freddie Mac Awards & Accolades

Something missing? Add an award
Best Places to Work for LGBT Equality, Human Rights Campaign, 2012
Best Places to Work for LGBT Equality, Human Rights Campaign, 2010
Show More

Additional Info

Website www.freddiemac.com
Headquarters Mc Lean, VA
Size 5000+ Employees
Founded 1970
Type Company - Public
Industry Finance
Revenue $10+ billion (USD) per year
Competitors Sallie Mae, Fannie Mae

These siblings know there's no place like home. Government-sponsored enterprises (GSEs) Freddie Mac (officially Federal Home Loan Mortgage Corporation) and Fannie Mae were established to buy residential mortgages and boost the housing market. They do so by purchasing mortgages from lenders and packaging them for resale, thereby mitigating risk and allowing lenders to provide mortgages to those who may not otherwise qualify. The agency also provides assistance for affordable rental housing. Together, Fannie and Freddie guarantee some 70% of all new home loans in the US. Due... More

Worked for Freddie Mac? Contribute to the Community!