Fannie Mae

www.fanniemae.com

Fannie Mae Reviews

Updated January 30, 2015
Updated January 30, 2015
498 Reviews
3.3
498 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
135 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 78 reviews)

  • Fair compensation and benefits as compared to most companies this size (in 20 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 reviews)

  • work/life balance varies from dept to dept, manager to manager (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great place to work

    • 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

    Pros

    Professional atmosphere and great pay

    Cons

    Very few cons - great place

  2.  

    Great Benefits but no 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

    Pros

    Very good Base pay and Cash Bonus + 401K contributions

    Cons

    Lot of Vendors and Outsourcing. Not much development in house.

    Advice to ManagementAdvice

    Stop Outsourcing and reduce no of vendors.

    Recommends
    No opinion of CEO
  3.  

    financial analyst

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

    I have been working at Fannie Mae

    Pros

    lots of things to learn; products are interesting.

    Cons

    messy mgmt, lots of politics.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Great company

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

    I worked at Fannie Mae (more than a year)

    Pros

    great people to work with. excellent training. very challenging. all hours of work available

    Cons

    non to think of at this time

    Advice to ManagementAdvice

    great place to work for.

    Recommends
    Positive Outlook
  6.  

    Great place , but a bit slow overall

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations and Technology Associate in Reston, VA
    Former Employee - Operations and Technology Associate in Reston, VA

    I worked at Fannie Mae as an intern (less than a year)

    Pros

    -The company has many experienced individuals varying across the many levels and divisions (this experience is highly valuable to a new incoming employee (which i was)
    -Work life is great, 37/5 hours a week- 40 hours a week, you don't get worked to the bone

    Cons

    -alot of old people
    -not enough innovation
    -projects are slow

    Advice to ManagementAdvice

    Speed up

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Fannie Mae - great environment and skilled people

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

    I have been working at Fannie Mae full-time (more than 3 years)

    Pros

    Competitive base salaries for the DC area
    Lots of change in the mortgage banking industry makes it unique place to work
    You get to work with lots of experienced people, and the best mortgage/MBS traders in the world

    Cons

    Constrained by regulators and obligation to treasury. Because of this certain benefits, perks, and compensation is lacking. It can be a struggle to get sign off on anything that costs money.

    Recommends
    Positive Outlook
  8.  

    Company for third world immigrants

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

    I have been working at Fannie Mae full-time (more than 8 years)

    Pros

    Depending on the team, Fannie jobs are typically 9-5. The work isn't very difficult and there are very few people from first tier universities, so it's not hard to compete on an intellectual level. Plus, people are constantly switching jobs so if you dislike your team, you can easily switch. There are no real jobs at Fannie, just fake titles and endless shifting of employees to various positions to work on projects without clear deadlines so if you want an environment where you can do very little and keep a job, Fannie is the place to be.

    Cons

    Fannie is owned by the tax-payer but inappropriately hires a lot of foreign workers, particularly Asians. They do not assimilate, do not speak English at above a fourth grade level and are very adversarial. There is no real mortgage market in China. The government owns all land and property so it is ironic we hire them here. Most of the work at Fannie is data crunching, but there is no reason an Indian or Chinese over an American should be performing this role. But veryone has to be politically correct at Fannie so there is little resistance to their abuse of foreign worker hiring. I believe the ratio of citizens to non-citizens at Fannie is 50-50. Fannie also has very outdated technology infrastructure.

    Advice to ManagementAdvice

    Start hiring Americans.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9.  

    Bad Management

    • 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

    Pros

    Work-life balance, ability to work remotely (at home).

    Cons

    Leadership, Office Culture, Management Communication/Engagement.

    Advice to ManagementAdvice

    I would recommend hiring more experienced managers. The lack of leadership and direction took its toll on morale.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    NUC Review Appraiser

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

    I worked at Fannie Mae

    Pros

    Pay and training were great.

    Cons

    Difficult to get hired permanent as most were "contracted" employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Fannie Mae - Government, Politics and Status Quo

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager II in Addison, TX
    Former Employee - Project Manager II in Addison, TX

    I worked at Fannie Mae full-time (more than a year)

    Pros

    Benefits and co-workers are wonderful.

    Cons

    Management is mired in government, backstabbing, and incompetence. Often they use equal-opportunity vs. capability to promote. Found them to promote based on politics only.

    Advice to ManagementAdvice

    Pay attention to your excellent producers and reward them.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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