349 Employee Reviews (View Most Recent)

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Workload increase, decreased individual autonomy over the years

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - IT Associate  in  McLean, VA
Former Employee - IT Associate in McLean, VA

I worked at Freddie Mac full-time for more than 10 years

Pros

Good salary, benefits, company cafeteria
Depends very much which area/team one is in.

Cons

Many newcomers to the company in recent years, eager to establish themselves at all costs.
People looking out for themselves more than for the organization/others.
Yearly re-org in IT in last few years, resulting in layoffs and employees being re-assigned to any open position.
Management turn-over resulting in change in focus/direction.

Doesn't Recommend

Other Reviews for Freddie Mac

  1. 2 people found this helpful  

    5 Years of Excellent Perfmnc Reviews; Coincidence that w/R.E. Crash, 20% RIF I Got 1 Year Poor Perfmnc, Forced Rtrmnt?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Systems Analyst I  in  McLean, VA
    Former Employee - Systems Analyst I in McLean, VA

    I worked at Freddie Mac full-time for more than 5 years

    Pros

    It was Good for the IT Youth; back in 2000 when the world was collapsing around us elsewhere, FHLMC was a great place to solidify one's dB, SQL, and BI skills. Plus they had a defined benefit plan, matching 401(k), nice annual bonus, and other perks.

    Cons

    Now all that's gone - as of Jan. 2012, no more defined benefit plan for new employees, no more time-served accrual for current employees; 401(k) is getting worse and worse; annual bonuses aren't what they used to be. Bascially the only folks who work there are either oldtimers waiting for the clock to tick-out for their pensions to kick in, or contractors.

    Advice to ManagementAdvice

    Hand it over to TREAS sooner rather than later, and wave goodbye.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Director of Credit Risk Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  McLean, VA
    Current Employee - Director in McLean, VA

    I have been working at Freddie Mac full-time for more than a year

    Pros

    Great people and culture and many training opportunities

    Cons

    A lot of meetings and not efficient decision making process

    Advice to ManagementAdvice

    To learn actively about the mortgage industry

    Recommends
    Negative Outlook
    Approves of CEO
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