Fannie Mae
3.0 of 5 416 reviews
www.fanniemae.com Washington, DC 5000+ Employees

Fannie Mae Reviews

Updated Jul 10, 2014
All Employees Current Employees Only

3.0 416 reviews

                             

74% Approve of the CEO

Fannie Mae CEO Tim Mayopoulos

Tim Mayopoulos

(95 ratings)

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

Review Highlights

Pros:
  • "Fannie Mae has very good work-life balance atmosphere"
    in 62 reviews
  • "great benefits and flex hours; great for learning all aspects of housing market"
    in 35 reviews
Cons:
  • "Change is bad to senior management - technology used to be empowered to provide value to the business"
    in 16 reviews
  • "Petty management, lots of rot in middle management, corporate culture still very old-school"
    in 11 reviews
  • Show more review highlights

Reviews

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    Morale & mood for most employees is down

    Architect IV (Former Employee)
    Herndon, VA

    Prospay and benefits are higher than most average

    ConsRe-organization and layoffs are common so job stability is tenuous. Very hard to get anything done as processes continually change or unknown due to very high turnover rate

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    • No Opinion of CEO

     

    Difficult work environment

    Reo (Former Employee)
    Dallas, TX

    ProsCompensation is good. Benefits are very good.

    ConsExtremely difficult work environment. Government mentality with excessive restrictions and out of date and poorly documented systems make it very difficult to accomplish tasks.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    1 person found this helpful  

    Working tirelessly at cross purposes

    Project Manager (Former Employee)
    Washington, DC

    ProsGreat compensation package, a lot of talented and capable people

    ConsPolitics, back-stabbing, poor communication, lack of consistent direction for the organization resulting in mass confusion

    Advice to Senior ManagementSimplify reporting, reduce complexity, hire people internally to do the work rather than overpriced consultants so you can build organizational capacity

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    1 person found this helpful  

    Fannie Mae Fraud Investigator III

    Fraud Investigator III (Former Employee)
    Dallas, TX

    ProsExcellent experience-base as I was a previous (first) contractor in the fraud department for 3+ years as well.

    ConsCurrent management has total lack of concern for associate's moral. Previous Manager and Director we an excellent team. Upper management made a huge mistake replacing this team with the current team.

    Advice to Senior ManagementUpper management is fully aware of their associates dissatisfaction as it has been fully shown in each yearly decline.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    Sinking ship

    Anonymous Employee (Current Employee)

    ProsThey are at the forefront of industry changes.

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

    Advice to Senior ManagementStop 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.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Watch out for Fannie Mae

    Anonymous Employee (Former Employee)

    ProsPay and bonuses are great

    ConsHorrible leadership at the top. Old boy's network.

    Advice to Senior ManagementHire some diversity at the top of the company,

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    just OK but no Work Life Balance

    Project Manager (Current Employee)
    Washington, DC

    ProsGood pay, some great people on team and interesting projects, great benefits

    ConsManagers will work 60-80 hour work weeks - no WL balance

    Advice to Senior Managementmore WL balance for management

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    1 person found this helpful  

    Great pay, bad management

    Anonymous Employee (Current Employee)

    ProsGreat pay, great benefits, strong teams

    ConsMore red tape than govt, continual cost cutting and layoffs, mgmt wastes money on unimportant work they think gives transparency but at the end of the day it does nothing but cause noise. Long hours, lots of yelling. Great place for bullies to get ahead.

    Advice to Senior ManagementLet people do their jobs and get rid of 80% of the governance groups. Issues haven't gone down because you've added governance, they've gone down because we don't actually get anything done.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Fannie Mae Representative responded to this review Aug 21, 2013 EditDelete
    We are sorry that your experience at Fannie Mae did not meet your expectations. We take these reviews into consideration. We will pass along your review to upper management. Thank you.
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

    1 person found this helpful  

    Darkest time of my life

    Anonymous Employee (Former Employee)
    Washington, DC

    ProsJapanese green tea in the break room (better than many Japanese restaurants)
    Short hours
    Benefits (8% 401k match, down payment assistance for buying a house etc.)

    ConsI was in for a big surprise because I was assigned to do something very different from what was promised during job interview. Turned out it is a common practice - I met quite a few people who were in the same situation as me. Don't worry too much about what they tell you during interviews. Also, they really try hard to suppress your salary. I got a 50% salary raise moving to another company.

    Advice to Senior ManagementNo. You don't care anyway,

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    • Approves of CEO

    1 person found this helpful  

    Managers are allowed to demean and ridicule personell

    Anonymous Employee (Current Employee)

    Prosbenefits, benefits, benefits, benefits, service opportunities

    ConsManagers are allowed to demean, ridicule and scream at employees. This is common knowledge and widely accepted.

    Advice to Senior ManagementThere is a culture of awful middle management. The behaviors are widely accepted. Please let it be known that people are a resource and deserve respect and there will be consequences for treating us worker bees poorly. Thank you.

    No, I would not recommend this company to a friend

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