Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews

Updated December 16, 2014
Updated December 16, 2014
483 Reviews
3.3
483 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
128 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. 1 person found this helpful  

    Excellent Learning & Challenges

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

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    My experience at Fannie Mae was very positive. Very bright colleagues and intelligent group of people to work with. Strong drive to manage your own career, ideal if you're a self starter.

    Cons

    Very political, disjointed management at times.

    Advice to ManagementAdvice

    It's important to continue to distinguish the strong people managers from the individual contributors. A lot of strong talent at FNMA being neglected due to the lack of leadership.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good Benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Reporting Analyst III in Dallas, TX
    Current Employee - Reporting Analyst III in Dallas, TX

    I have been working at Fannie Mae

    Pros

    Overall good benefits and very good vacation policy.

    Cons

    Work is slowing down and there is little room for growth.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Uncertain Future

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Dallas, TX
    Current Employee - Manager in Dallas, TX

    I have been working at Fannie Mae

    Pros

    The work life balance in my department is better than most. The pay is better than most, and the benefits are significantly above industry average.

    Cons

    There are many outside factors that will determine the future. Being faced with that uncertainty every day is difficult.

    Advice to ManagementAdvice

    Work much harder at following your words with actions. Work even harder to retain and promote mid level managers to build directors from within and avoid losing valuable institutional knowledge.

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

    Solid company and benefits, but future uncertain while under conservatorship

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

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    Solid company experience overall, having started as a consultant during restatement and then converted to employee. Benefits are for the most part quite good though a few things need improvement. Work/life balance is good, depending on organization, direct management, and company situation at the time.

    Cons

    Not a lot of opportunity for growth internally, and company is drowning in politics

    Advice to ManagementAdvice

    Provide more growth opportunities for your hard working employees. Minimize the internal politics and just get things done. One of these days the conservatorship blanket will be lifted, and the company can soar with a sound future mission (assuming US politics don't hamper this) if the company would do a better job of retaining top talent and promoting from within, and cuts through internal politics. Would also recommend increasing bonus structure as they are currently well below banks...while they may never get to the bank levels (and arguably shouldn't) they should be closer than they are. Also recommend doing away with the 1/3 bonus deferral until the next year. Pay for the hard work now.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Overall, a good place to work

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

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

    Pros

    Work/life balance, good amount of vacation, great benefits, competitive compensation, availability of training and development. Solid performers are encouraged to move around within the organization.

    Cons

    Too much bureaucracy, terribly behind in technology. An exorbitant amount of time must be spent on detailed documentation of every minute process, formal documentation of quarterly performance check-ins, quarterly technology access reviews, and other similar administrative tasks.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Financial Economist

    • 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. Working from home every two week.

    Cons

    You should wait for a while to get promoted.

    Advice to ManagementAdvice

    N/A

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Politics, Government, and Mortgages

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

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

    Pros

    Benefits and people who actually do the work.

    Cons

    Internal politics and corporate ladder climbing by favorites. Ageism discrimination.

    Advice to ManagementAdvice

    Pay attention to your workers and be more selective of management.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Overalll i had positive experience

    • 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

    Work life balance is positive, work pressure is well balanced

    Cons

    Too much re organization witih firm is going on

  10. 1 person found this helpful  

    Good work/life balance

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

    I worked at Fannie Mae full-time (more than 8 years)

    Pros

    Fannie Mae manages to hire smart people and keep them around. I felt it was a great work environment and management respected my free time. When I left work, I was gone. I wasn't expected to log in at night or work ungodly hours. I worked hard while at work, but was able to let it go after I walked out the door.

    Cons

    Almost impossible to get rid of people who aren't pulling their weight or causing problems.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    My thoughts about the company

    • 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

    Have various of financial products in company's portfolio that you can learn a lot. Salary and benefits are satisfied.

    Cons

    Somehow bureaucracy. Have to sacrifice efficiency or profitability to meeting surveillance requirements. There is no clear career path in terms of getting promotion.

    Recommends
    Neutral Outlook
    Approves of CEO

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