Fannie Mae
3.0 of 5 377 reviews
www.fanniemae.com Washington, DC 5000+ Employees

Fannie Mae Reviews

Updated Apr 13, 2014
All Employees Current Employees Only

3.0 377 reviews

                             

75% Approve of the CEO

Fannie Mae CEO Tim Mayopoulos

Tim Mayopoulos

(76 ratings)

46% of employees recommend this company to a friend
377 Employee Reviews
in

Review Highlights

Pros:
  • "Great workplace for work-life balance and stable work environment"
    in 54 reviews
  • "good benefits and salary above the mkt average"
    in 30 reviews
Cons:
  • "Senior management said it values new ideas, but the truth was very different"
    in 14 reviews
  • "Petty management, lots of rot in middle management, corporate culture still very old-school"
    in 11 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
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  • No Opinion of CEO

1 person found this helpful  

Friendly competitive environment

Senior Software Engineer (Former Employee)
Washington, DC

I worked at Fannie Mae as a contractor for less than a year

ProsWork satisfaction with good pay.

ConsOn the ledge with schedule.

Advice to Senior ManagementPay attention to your finances too.

Yes, I would recommend this company to a friend

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1 person found this helpful  

Working as an intern

Anonymous Employee (Current Employee)

I have been working at Fannie Mae as an intern

Proswork life balance;
good learning opportunity

Consno enough pressure to stimulate yourself

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Good place to work for....

Anonymous Employee (Current Employee)
Washington, DC

I have been working at Fannie Mae

ProsWork with smart people, heavy emphasis on training, GREAT management

ConsNo promotion within the firm.

Advice to Senior ManagementNone

Yes, I would recommend this company to a friend

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Best in class Recruiting department

Recruiter IV (Former Employee)
Washington, DC

I worked at Fannie Mae

ProsHighly customer service oriented. Very knowledgeable recruiters.

ConsManagement could get recruiters bugged down with too much administrative work.

Advice to Senior ManagementTry and catch your employee doing things right!

Yes, I would recommend this company to a friend

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A great learning opportunity

Anonymous Employee (Current Employee)

I have been working at Fannie Mae

ProsGood benefits, smart people, challenging work

ConsThe company has very outdated systems/applications.

Yes, I would recommend this company to a friend

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auditor

Auditor (Current Employee)
Washington, DC

I have been working at Fannie Mae

Prosvery good company. Good manager. Good benefits.

Consslow pace. low competition. long commute

Advice to Senior Managementvery good company. Good manager. Good benefits.

Yes, I would recommend this company to a friend

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Great place to work...but ever-evolving

Financial Economist III (Current Employee)
Washington, DC

I have been working at Fannie Mae

ProsI've been at Fannie Mae for 5 years, and the company has undergone a lot of changes since then. In the last year and a half, the company has grown tremendously in size. For established employees, this has created room for leadership and growth as you are now one of the more senior people in your group even with just 5 years of experience. However, for the new hires, the low people on the totem pole, I don't know how much job security and certainty there is what with the long-term future of Fannie Mae completely uncertain and subject to the winds of politics.

ConsAs I mentioned above, the future of Fannie Mae is very uncertain, but especially for new people - I feel a lot of the new hires are just interchangeable like commodities.

Advice to Senior ManagementThe leadership at Fannie Mae is more operational than strategic - the company is not in a position to dictate either its long-term future or medium-term strategies. The long-term will be determined by Congress and the medium-term issues are decided by the regulator, FHFA. All management can do it carry out the orders it is given by FHFA, as well as other government bodies such as the Treasury Department.

Yes, I would recommend this company to a friend

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Technical manager.

Manager (Current Employee)
Washington, DC

I have been working at Fannie Mae

ProsFlexibility and overall growth of the company and select divisions.

ConsPerformance review process and goal setting is overly complicated.

Advice to Senior ManagementReduce unnecessary goal setting.

Yes, I would recommend this company to a friend

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1 person found this helpful  

Love it

Supervisor (Current Employee)
Dallas, TX

I have been working at Fannie Mae

ProsThis company pays well and it has good benefits. There is movement for upward mobility. I love working here and recommend it to everyone.

ConsThe parking is OK, but it doesn't hurt for a person to walk a little ways, but hey at least you are not too far from the Galleria.

Advice to Senior ManagementDon't let red tape keep you from making the right decision. You know what you need to do. Do it.

Yes, I would recommend this company to a friend

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It was a Great Company to Work for When it was a Good Company

Senior Deputy Director (Former Employee)

I worked at Fannie Mae

ProsIn the 5 years I worked for Fannie Mae it was a great company to work for a majority of the time. I left in 2007. I was proud of the work we were doing in the community, people respected the depth and breadth of the work we did and there were plenty of resources to get some really impactful work done. I particularly liked my co-workers and the camraderie we had and how most of us learned from and enjoyed working with each other.

Also, Fannie Mae salaries were on the high side for the industry and in the private sector overall. The company's benefit package for positions at all levels, including entry-level admin assistants, was one of the best available in the workforce hands down. I've talked to many, many friends, family and former colleagues who were jealous of what Fannie Mae had to offer.

ConsOne of the biggest drawbacks of working at Fannie Mae was its very hierarchal, top-down structure, especially from headquarters in Washington D.C. to the regional offices to the various offices located in each state. Oftentimes not all of the info you hoped to hear you received because it had to go through so many filters. Also, people who showed the drive, talent and abilities to succeed in a higher position I thought often weren't considered or even invited to apply. In instances where I saw this happen it usually was because they were seen as most helpful in their current position vs moving on to another position they want. Lastly, because of all the issues and turbulence Fannie Mae, along with Freddie Mac, went through because of its accounting scandal, the employee morale began to slip terribly.

Advice to Senior ManagementIf I were to offer some advice/feedback to the leadership at Fannie Mae I would urge them to make a regular, almost daily effort, to stay connected and in tune to their workforce on the ground, be it in the regional office or what's left of the rest of their field office. The headquarters was often referred to a "the mothership"; which I think shows the disconnection of exec management seen as sitting on high simply giving orders with no real connection to what was going on.

Yes, I would recommend this company to a friend

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