Fannie Mae

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

 

Overall a great place to work except it is in consrvatorship

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

I have been working at Fannie Mae

Pros

Good career opportunities, decent management and overall good focus on using technology to enhance business.

Cons

In conservatorship, lot of house cleaning going on in IT side, big push for outsourcing, the IT department will end up being much smaller than what it currently is.

Advice to ManagementAdvice

Be more transparent and lay down the strategy for future.

Recommends
No opinion of CEO

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

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  1.  

    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
  2. 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
There are newer employer reviews for Fannie Mae

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