Fannie Mae

  www.fanniemae.com
  www.fanniemae.com
There are newer employer reviews for Fannie Mae

 

Conservatorship Sucks

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Project Manager II in Herndon, VA
Current Employee - Project Manager II in Herndon, VA

I have been working at Fannie Mae

Pros

Good benefits, particularly for retirement (I'm under the "old" plan with a pension)

Cons

We're in conservatorship and really don't know what the future holds. Will we be eliminated, re-badged under a new company name? Will our jobs be outsourced (probably)? Will our pensions still be around after we are "unwound"? I've gotta say, I never saw this coming. It's a scary time at Fannie, but the benefits are hard to let go of in such an uncertain economy. Golden handcuffs.

Doesn't Recommend
Approves of CEO

483 Other Employee Reviews for Fannie Mae (View Most Recent)

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  1. 1 person found this helpful  

    Great Outward Appearance, but Inner Environment is a Disappointment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Analyst in Washington, DC
    Current Employee - Business Analyst in Washington, DC

    I have been working at Fannie Mae

    Pros

    Fannie Mae offers great benefits that include paid volunteer hours per month, telecommute options, a great 401K contribution plan, drink machines throughout the building that include hot chocolate, coffee and teas, pantry rooms, okay cafeterias, shuttle buses, and competitive pay.

    Cons

    I've worked in two different departments; Single Family & Credit Risk (both very essential departments to the organization). The environment has remained tense, and the morale is nonexistent. Although there is paid volunteer leave, it's looked down upon if you decide to utilize this benefit each month.

    Employee Town Halls are filled with political b.s. and they always start off with "Fannie Mae is helping homeowners and we need you to help us do that..." yet they do major layoffs at least once a year.

    Despite the attractive benefits, Fannie Mae is an extremely political environment. I've noticed very few smiling faces walking down the halls. I would not recommend this environment for open minded and creative individuals.

    Advice to ManagementAdvice

    Much of what we do is on the Internet, yet managers are hesitant to allow you to work from home. Stop holding Town Hall meetings if there is nothing of value to say.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Arrogant Executive Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Reston, VA
    Current Employee - Anonymous Employee in Reston, VA

    I have been working at Fannie Mae

    Pros

    Good benefits (critical ones are no more available...)
    Work locations (NATIONWIDE)
    Good cafeteria
    friendly coworkers (at least most of them)

    Cons

    Excessive Red tape
    Too many regulatory work requirements kills creativity
    Biased management that only believes in extracting that most from direct reports to impress their supervisors

    Advice to ManagementAdvice

    Accounting issues that crippled the company since 2004 should have only impacted executive management. Unfortunately, employees (below manager level) are paying the price for mistakes made by CEO, etc.

    Doesn't Recommend
    Disapproves of CEO
There are newer employer reviews for Fannie Mae

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