There are newer employer reviews for Fannie Mae

1 person found this helpful  

Sinking ship

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

I have been working at Fannie Mae full-time

Pros

They are at the forefront of industry changes.

Cons

They are at the mercy of FHFA, their regulator. Low morale and pay, high turnover.

Advice to ManagementAdvice

Stop wasting time with internal demands and allow more autonomy to employees. Stop acting as if there's a future or any certainty with the future. Receivership is imminent and help employees wind down gracefully.

Doesn't Recommend
Negative Outlook
No opinion of CEO

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

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  1. 1 person found this helpful  

    Not very good place to work for.

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

    I have been working at Fannie Mae full-time for more than 10 years

    Pros

    Fannie Mae can offer flexibility, especially in being able to work at home, as if you work at home more than 2 days a week you give up your office space. Some areas of the company could be interesting, and some areas are deadly dull

    Cons

    Fannie Mae is very bureaucratic, possibly more so than the federal government. However, the federal government gives some stability whereas Fannie Mae offers no stability. There is a LOT of politics at Fannie Mae, upper management is constantly changing, and nobody's job is secure from layoffs. There have been frequent rounds of layoffs during my 13 years, even recently when Fannie Mae has had record profits -- and many of these people layed off were employees around for a long time with a lot of knowledge -- and then Fannie Mae will hire new people to replace them and pay them less. Fannie Mae absolutely has no loyalty to employees and does not value them, so if you work here you have to look out for yourself only and get as much as you can from Fannie Mae while you can.

    Advice to ManagementAdvice

    Start showing employees that they are valued, and retrain employees to perform different job functions rather than laying them off and hiring new and cheaper people and training them, and the long term benefits reaped from doing this would dwarf the small term benefits of laying them off.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Not much room for growth

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

    I have been working at Fannie Mae as a contractor

    Pros

    Easy going pace. People are friendly. Plenty of benefits.

    Cons

    Not much in terms of career progression. It's a very slow company.

    Advice to ManagementAdvice

    Learn to function like a modern financial instituion

    Recommends
    Neutral Outlook
    No opinion of CEO
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