Fannie Mae Reviews

Updated September 27, 2014
Updated September 27, 2014
440 Reviews
3.2
440 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
105 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 74 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market (in 38 reviews)


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

  • Petty management, lots of rot in middle management, corporate culture still very old-school (in 11 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    It was a great experience to enhance my skills.

    • 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

    Great work/life balance, people, college grant of 10K a year, sick days.

    Cons

    This is one of the best companies that I have worked for

    Advice to ManagementAdvice

    Great Management

    Recommends
  2.  

    A good place to work

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

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

    Pros

    I worked in Fannie mae Capital Market Business to Technology Division as a consultant almost an year till april of 2013. work was busy but was not overwhelming and was reasonably assigned. Nice and relaxed environment with support from manager. I think fannie mae still offers one of the best benefit packages in the market. I would certainly recommend this company to a friend.

    Cons

    Cannot think of anything at the moment.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Working at Fannie Mae was a very good experience

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

    I worked at Fannie Mae full-time for more than 5 years

    Pros

    The pay rate, medical coverage, number of vacation days and overall culture was very good.

    Cons

    There were a number of managers who were inept and should never have been given the title of manager, but I have a feeling that it's that way on any big company you work for.

    Advice to ManagementAdvice

    Everything in general was good, no big complaints.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Fannie Mae is GREAT!

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

    I have been working at Fannie Mae full-time for more than a year

    Pros

    Salary, benefits, volunteer hours without vacation, work-life balance, flexibility

    Cons

    Slow to promote, old technologies

    Advice to ManagementAdvice

    Ensure employees feel appreciated and assure them of growth.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Difficult with so many management changes

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

    I worked at Fannie Mae full-time for more than 5 years

    Pros

    Depending on the area you work in it can be a great experience. Good benefits and compensation. People really committed to housing affordability.

    Cons

    Some managers play favorites and don't try to develop others and support them becoming successful. It's either you are part of the favored few or you are on the outside looking in.

    Advice to ManagementAdvice

    Management should hire and train executives who are committed to developing their people. Doesn't mean they shouldn't move out those who can't or don't perform. It just shouldn't always be about the manager's career to the exclusion of the staff's'.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    A good company if you know what you're getting into

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Non Technical PM III  in  Herndon, VA
    Current Employee - Non Technical PM III in Herndon, VA

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

    Pros

    Fannie Mae has dug itself out of the hole it found itself in a few years ago. If you go in with your eyes open, it can be a stable environment with good work/life balance. The hours on the non-tech side are not very onerous and depending on your manager, working from home is a distinct possibility. Compensation seems to be above average, though not stellar.

    Cons

    This is not the place for someone looking to move quickly. Both in their day to day work, and their career mobility.

    It is very process heavy, though they're trying to reduce that a bit.

    In the division in which I work, there is not a lot of risk-taking or ownership. Particularly at mid-level mgmt, there seems to be a lot of risk aversion. It's understandable, given the company's history, but it's frustrating.

    I would guess that the federal government is going to milk Fannie and Freddie for all they, and not turn them back to their shareholders any time soon. Which means even more risk-aversion and a government worker attitude.

    Half the people I work with have PMPs. And most of those people are not really project managers.

    Advice to ManagementAdvice

    Try to get out from under the FHFA's thumb. They will always regulate us, but they are (micro-) managing every aspect of the organization.

    Take bold steps, but think on them before acting. More and more re-orgs don't improve morale.

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

    Enter at your own risk

    • 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

    Good work - life balance
    Most of the people are smart, hard working

    Cons

    Most people managers have no clue how to manage people or workflows. FM promotes people with no management skills and has no plan to train these people.
    The culture is stuck in the 1990's and isn't changing
    There are a lot of people that are underemployed (have time and capacity to do more), but management refuses to acknowledgement that point.
    Too much internal focus and not enough customer focus

    Advice to ManagementAdvice

    You aren't as smart as you think you are
    The culture isn't changing although you spend a lot of $$ talking about it
    You have gotten way too arrogant with the shift in the market the last couple years. You aren't that good
    The "one size fits all" management strategy doesn't work well

    Doesn't Recommend
    Neutral Outlook
  9.  

    Wish I never left...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - NUC Review Appraiser  in  Dallas, TX
    Former Employee - NUC Review Appraiser in Dallas, TX

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

    Pros

    Excellent 401K and bonus plans, tuition reimbursement, strong organizational focus, fantastic people, and management focuses on developing people from within.

    Cons

    1. As with most large corporations, red-tape can sometimes slow things down.
    2. Constant 'noise' from the idiot senators and such about shutting them down makes for morale issues at times.

    Advice to ManagementAdvice

    A little more transparency into department goals would be good.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Data Management Analyst II

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

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

    Pros

    if you want to retire and dont worry about your pay check growth that inturn reflects in your personal and professional growth and development, this is a best place to hang out. If you are good in spending your whole day,week and months in meeting rooms and provide lip service, awesome place to stay.

    Cons

    Not at all a place for any sane professional to grow. Full of politics. Re orgs happens like evry day meetings. If you wanna go on depression pills, please join this company. Filled with full of soccer moms and movie dadys.

    Advice to ManagementAdvice

    Grow up professionally and learn some skills to lead

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Unorganized from the top

    • 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 full-time for more than 5 years

    Pros

    Work life balance and benefits

    Cons

    Constant changes, workloads due to constant changes without adequate thought process, limited advancement.

    Advice to ManagementAdvice

    Follow through on projects before redirecting changes are made

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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