There are newer employer reviews for Fannie Mae
There are newer employer reviews for Fannie Mae

See Most Recent

Helpful (2)

Great pay and benefits. Low morale. Uncertain future.

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

I have been working at Fannie Mae

Disapproves of CEO
Disapproves of CEO

Pros

Pay and benefits. Flexible work environment. Intelligent work force. Good telework solutions.

Cons

Uncertain future. Recurring layoffs. Overly political. Lack of rewards and recognition. Culture of fear. Difficulty making decisions. Lack of accountability at management level. Lack of employee value. Hostile HR partners.

Advice to Management

Develop a game plan for the company. Value your employees as a valuable resource, not a number and/or a problem.

0 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
  1. It's a SHAME Management does not seem to recognize the IMPORTANCE of FANNIE MAE

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

    I have been working at Fannie Mae

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    The purpose of FANNIE MAE (contrary to public opinion) is essential to the health of our economy. There are some individuals passionate about the purpose and remain comitted to doing what's right. For a long time, FANNIE MAE was well funded for IT projects and initiatives; its a shame, since so much was squandered in the wrong directions.

    Cons

    The TECHNOLOGY division is filled with both inexperienced and incompetent individuals. The resources are highly inbred, so the dysfunction is challenging to address. Violations of standards and policy is rampant, excused away by a sense of entitlement or expediency. I suspect most of it is based on inexperience. I have never seen so many MANAGERS act unprofessionally during meetings, seeking to conceal their incompetence. They are steadily outsourcing IT functions to managed service providers; while unfortunate for some, quality employees, this is the merciful method to address the problems.

    Advice to Management

    The toughest challenges are still to come. The course will be difficult to maintain, but outsourcing has the consequence of removing much good flesh with the gangerous. You're replacing one problem with a myriad of others. Have you considered that middle and upper management is the REAL cause of the issues? Some of the most tenured employees are the source of your challenges.


  2. Helpful (1)

    The best times are over, but so are the worst times

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Engineer IV in Washington, DC
    Current Employee - Financial Engineer IV in Washington, DC

    I have been working at Fannie Mae

    No opinion of CEO
    No opinion of CEO

    Pros

    Before the financial crisis, this was a great place to work at, great compensation, great benefits, good work-life balance. The housing downturn hit hard and - while being an interesting place to be in, in the middle of the fight - the stress and uncertainty levels shot through the roof. Those who can weather the storm could very well be rewarded in the end. Fannie Mae might go away in its current form, but cannot disappear. Interesting place to work from a professional point of view, if you care about credit and valuation models. The benefits are great and compensation is decent. For the Washington, DC area the alternatives are slim.

    Cons

    Uncertainty about the future, layoffs after layoffs, politics. Very fat middle-management layer. Everyone pushes to be a director, since in a non-management role you can hit the ceiling fairly quickly. Having a deeper non-management track would go a long way towards solving this and hanging on to the quality people who actually do the work, not just talk about it.

    Advice to Management

    Keep cutting costs by trimming the fat, define and implement a solid non-management track and the diamond shape will go away.


There are newer employer reviews for Fannie Mae
There are newer employer reviews for Fannie Mae

See Most Recent

Work at Fannie Mae? Share Your Experiences

Fannie Mae

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.